AI Camera Market- Global Industry Size, Share, Trend Analysis, Outlook, Growth, Opportunity and Forecast, 2017-2027, Segmented By Type (Smartphone’s Camera, Surveillance Camera, DSLR Camera, Others), By Technology (Image/Face Recognition, Voice/Speech Recognition, Computer Vision, Others), By Region (North America, Europe, Asia-Pacific (APAC), Latin America (LATAM), Middle-East & Africa (MEA)

  • Published Date: October 2021
  • Report ID: BWC20232
  • Available Format: PDF
  • Page: 197

Report Overview

The market for Artificial Intelligence (AI) cameras is booming globally, driven by an increase in demand from all major industries. With the advancement of big data and the integration of AI technology into smart devices, the AI camera market is growing at a high CAGR globally.

Global AI Camera Market- Industry Trends & Forecast Report 2027

The global AI camera market was worth USD 7.4 billion in 2020 and is further projected to reach USD 33.3 billion by the year 2027, growing at a CAGR of 24.0% in the forecast period. AI cameras are flourishing in the market due to the introduction of 5G networks and the growing popularity of smart homes. Additionally, the integration of artificial technology into smart devices and the developments in big data are also estimated to drive the market in the forecast period.

 

Global AI Camera Market

Source: BlueWeave Consulting

Global AI Camera Market- Overview

The umbrella term artificial intelligence technology encompasses technologies such as computer vision, image recognition, speech/voice recognition, machine learning, among others. Artificial intelligence cameras leverage all these technologies. These cameras have a wide application, such as smartphones and surveillance cameras, wherein the technology is used for detecting the landscape, the intensity of light, and white balance while capturing an image.

With smartphones becoming more and more popular, people are now taking more pictures and are eager to have better image quality using artificial intelligence. This is driving manufacturers to launch Next-Gen cameras with artificial intelligence, thereby driving market growth. Additionally, AI-enabled cameras also enable law enforcement agencies to identify any unwanted activity and prevent any mishaps, thus, driving their popularity.

Global AI Camera Market Forecast and Trends

Growth Drivers

Growing Focus Towards Better Quality Cameras in Smartphones

Smartphone manufacturers are embedding artificial intelligence technology in their devices to recognize images. With this method, the phone identifies the object and applies a correction filter for a better-quality image. The use of AI cameras in smartphones also clarifies low-resolution pictures as the AI-vision engine predicts the missing pixels. This allows better quality full-display images. Additionally, AI cameras are also used for user authentication, emotion recognition, device management, etc. With these features, the demand for AI cameras in smartphone production is gaining significant traction, propelling the market forward.

Availability of a Wide Range of Products and Frequent Product Launches

Globally, the AI camera market is booming with a wide range of AI camera products of various brands and for various purposes. Because of the various brands competing in this market, the products are available to consumers at competitive prices, promoting the market growth. Additionally, manufacturers invest heavily in technological advancements and launch new products to gain a competitive edge. For instance, Google’s latest Pixel 6 camera now comes embedded with automated tools, such as smart blurs, object removal, skin tone exposure, etc.

Restraints

High Cost of AI Camera

An AI camera's price comprises the cost of embedding an AI platform, AI integration within the camera, and the services necessary to operate an AI platform. Furthermore, the cost includes the specialized labor required for the creation of AI platforms. This is a major impediment to the growth of the global AI camera market. The high cost of AI cameras eventually raises the price of consumer products such as smartphones, security systems, and so on, which can stifle market growth, particularly in price-sensitive markets such as India.

Impact of COVID-19 on Global AI Camera Market

The COVID-19 pandemic has thrown the global economy and humanity into crisis. Governments of different countries had to impose nationwide lockdowns due to the high infection rate and adverse impact on public health systems, affecting manufacturing, supply chains, trade, and related services. As a result of the shortage of semiconductor chips on the market, the manufacturing of smartphones and cameras was halted, causing obstructions in the production of AI cameras. Furthermore, the demand for AI cameras fell sharply as the people were quarantined to their homes, limiting the demand for security systems.

Global AI Camera Market - By Type

Based on types, the global AI camera market is segmented into a smartphone camera, surveillance camera, DSLR camera, and others. Among these, the surveillance camera segment accounts for the largest market share. AI cameras can blend HDR images in bright light, switch to multi-image capture in low light, and use computational imaging to create a stepless zoom effect with two or more camera modules. These features of AI surveillance cameras prove to be very beneficial in security systems, which is why their demand is growing at a high rate.

Global AI Camera Market - By Technology

Based on technologies, the global AI camera market is segmented into image/face recognition, voice/speech recognition, computer vision, and others. The image/face recognition technology holds the largest market share because of its prominent use in smartphones. Several smartphones today are capable of identifying objects and faces while taking photographs. The use of image/face recognition in security systems is also contributing to market growth. In addition, the integration of image/face recognition in cameras is prompting governments to invest in AI in sectors such as healthcare, transportation, and so on.

Global AI Camera Market - Regional Insights

Geographically, the global AI camera market is segmented into North America, Europe, Asia-Pacific, Latin America, Middle-East & Africa. North America dominates the market as many consumer goods manufacturers in the region invest heavily in artificial intelligence. Additionally, smart homes with advanced security features are emerging as a major factor driving the growth of the AI camera market in developed countries such as the US and Canada. In addition, the high concentration of industry leaders, such as Google, Microsoft, Honeywell International, etc., plays a crucial role in driving the market's growth.

Regional Insights

Source: BlueWeave Consulting

Competitive Landscape

The leading players in the global AI camera market are Samsung Electronics, Honeywell International, LG Electronics, Huawei Technology, HuddleCamHD, HikVision Sony Corporation, Xiaomi Inc, Google LLC, Apple Inc, Nikon Corporation, Fujitsu Ltd, Bosch Security Systems, Hanwha Techwin America, Panasonic Corporation, Swann, FLIR Systems, Inc., VIVOTEK Inc., IBM Corporation, and other prominent players.

The market is highly concentrated along with tech giants such as Samsung, Xiaomi Inc, Google LLC, etc., who hold a competitive edge over the market due to their brand value and technological advancements. The companies significantly focus on launching a wide range of products to increase their product penetration in the market. Small and medium-sized market players are expected to show considerable improvements in the foreseeable future, given the moderate level of capital expenditure needed to set up a business. Furthermore, the adoption of competitive strategies like partnerships, mergers, acquisitions, joint ventures, etc., is also prominent in this market.

Recent Developments

  • In October 2021, Xiaomi Inc., the Chinese tech giant, launched Xiaomi Mi Smart Camera 2 PTZ in China with a 360° panoramic view and remote access via a smartphone.
  • In October 2021, Spot AI, a US-based video security company, announced the launch of an AI-Powered camera system for better access to video intelligence, along with USD 22 million Series A from Redpoint Ventures and Bessemer Ventures Partners.

Scope of the Report

Attributes

Details

Years Considered

Historical data – 2017-2020

Base Year – 2020

Forecast – 2021 – 2027

Facts Covered

Revenue in USD Billion

Market Coverage

U.S, Canada, Germany, UK, France, Italy, Spain, Brazil, Mexico, Japan, South Korea, China, India, UAE, South Africa, Saudi Arabia

Product Service/Segmentation

By Type, By Technology, By Region

Key Players

Samsung Electronics, Honeywell International, LG Electronics, Huawei Technology, HuddleCamHD, HikVision Sony Corporation, Xiaomi Inc, Google LLC, Apple Inc, Nikon Corporation, Fujitsu Ltd, Bosch Security Systems, Hanwha Techwin America, Panasonic Corporation, Swann, FLIR Systems, Inc., VIVOTEK Inc., IBM Corporation, and other prominent players.

 

By Type

  • Smartphone’s Camera
  • Surveillance Camera
  • DSLR Camera
  • Others

By Technology

  • Image/Face Recognition
  • Voice/Speech Recognition
  • Computer Vision
  • Others

By Region

  • North America
  • Europe
  • Asia-Pacific
  • Latin America
  • Middle East & Africa

  1. Research Framework
    1. Research Objective
    2. Product Overview
    3. Key Market Segments
  2. Research Methodology
    1. Qualitative Research
    2. Methodology
    3. Regional Split of Primary & Secondary Research
    4. Secondary Research
    5. Primary Research
      1. Breakdown of Primary Research Respondents, By Region
      2. Breakdown of Primary Research Respondents, By Industry Participants
    6. Market Size Estimation
    7. Assumptions for the Study
    8. Market Breakdown & Data Triangulation
  3. Executive Summary
  4. Industry Insight and Growth Strategy
    1. Value Chain Analysis
    2. DROC Analysis
      1. Market Drivers
        1. Growing Focus Towards Better Quality Cameras In Smartphones
        2. Availability Of Wide Range Of Product And Frequent Launches
      2. Market Restraints
        1. High Cost of AI Camera
      3. Market Challenges
        1. Negative Impact of the COVID-19 Pandemic
      4. Market Opportunity
        1. Growing Adoption Of AI Camera In Security Systems
        2. Technological Advancements In AI Camera
    3. Recent Developments
    4. Porter’s Five Forces Analysis
      1. Bargaining Power of Buyers
      2. Bargaining Power of Suppliers
      3. Intensity of Rivalry
      4. Threat of New Entrants
      5. Threat of Substitutes
  5. Global AI Camera Market Overview
    1. Market Size & Forecast by Value, 2017-2027
    2. Market Size and Forecast, By Segment
      1. By Type
        1. Smartphone’s Camera
        2. Surveillance Camera
        3. DSLR Camera
        4. Others
      2. By Technology
        1. Image/Face Recognition
        2. Voice/Speech Recognition
        3. Computer Vision
        4. Others
      3. By Region
        1. North America
        2. Europe
        3. Asia-Pacific
        4. Latin America
        5. Middle East & Africa
  6. North America AI Camera Market Overview
    1. Market Size and Forecast
      1. By Value (USD Million), 2020-2027
    2. Market Share and Forecast
      1. By Type
      2. By Technology
      3. By Country
        1. U.S.
        2. Canada
  7. Europe AI Camera Market Overview
    1. Market Size and Forecast
      1. By Value (USD Million), 2020-2027
    2. Market Share and Forecast
      1. By Type
      2. By Technology
      3. By Country
        1. Germany
        2. U.K.
        3. Russia
        4. France
        5. Italy
        6. Spain
        7. Rest of Europe
  8. APAC AI Camera Market Overview
    1. Market Size and Forecast
      1. By Value (USD Million), 2020-2027
    2. Market Share and Forecast
      1. By Type
      2. By Technology
      3. By Country
        1. China
        2. India
        3. Japan
        4. South Korea
        5. Rest of APAC
  9. LATAM AI Camera Market Overview
    1. Market Size and Forecast
      1. By Value (USD Million), 2020-2027
    2. Market Share and Forecast
      1. By Type
      2. By Technology
      3. By Country
        1. Mexico
        2. Brazil
        3. Rest of LATAM
  10. MEA AI Camera Market Overview
    1. Market Size and Forecast
      1. By Value (USD Million), 2020-2027
    2. Market Share and Forecast
    3. By Type
    4. By Technology
    5. By Country
      1. Saudi Arabia
      2. UAE
      3. South Africa
      4. Rest of MEA
  11. Competitive Landscape
    1. List of Key Players and Their Offerings
    2. Market Share Analysis (2020)
    3. Competitive Benchmarking by Operating Parameters
  12. Impact of COVID-19 on Global AI Camera Market
  13. Company Profiles (Company Overview, Financial Matrix, Key Product landscape, Key Personnel, Key Competitors, Contact Address, and Strategic Outlook) *
    1. Samsung Electronics
    2. Honeywell International
    3. LG Electronics
    4. Huawei Technology
    5. HuddleCamHD
    6. HikVision Sony Corporation
    7. Xiaomi Inc
    8. Google LLC
    9. Apple Inc
    10. Nikon Corporation
    11. Fujitsu Ltd.
    12. Bosch Security Systems
    13. Hanwha Techwin America
    14. Panasonic Corporation
    15. Swann
    16. FLIR Systems, Inc.
    17. VIVOTEK Inc.
    18. IBM Corporation
    19. Other Prominent Players
  14. Key Strategic Recommendations

 

List of Figures

 

Figure 1: Global AI Camera Market Segmentation

 

Figure 2: Global AI Camera Market Value Chain Analysis,

 

Figure 3: Company Market Share Analysis, 2020

 

Figure 4: Global AI Camera Market Size, By Value (USD Million), 2017-2027

 

Figure 5: Global AI Camera Market Share (%), By Type, By Value, 2017-2027

 

Figure 6: Global AI Camera Market Share (%), By Technology, By Value, 2017-2027

 

Figure 7: Global AI Camera Market Share (%), By Region, By Value, 2017-2027

 

Figure 8: North America AI Camera Market Size, By Value (USD Million), 2017-2027

 

Figure 9: North America AI Camera Market Share (%), By Type, By Value, 2017-2027

 

Figure 10: North America AI Camera Market Share (%), By Technology, By Value, 2017-2027

 

Figure 11: North America AI Camera Market Share (%), By Country, By Value, 2017-2027

 

Figure 12: Europe AI Camera Market Size, By Value (USD Million), 2017-2027

 

Figure 13: Europe AI Camera Market Share (%), By Type, By Value, 2017-2027

 

Figure 14: Europe AI Camera Market Share (%), By Technology, By Value, 2017-2027

 

Figure 15: Europe AI Camera Market Share (%), By Country, By Value, 2017-2027

 

Figure 16: the Asia-Pacific AI Camera Market Size, By Value (USD Million), 2017-2027

 

Figure 17: the Asia-Pacific AI Camera Market Share (%), By Type, By Value, 2017-2027

 

Figure 18: the Asia-Pacific AI Camera Market Share (%), By Technology, By Value, 2017-2027

 

Figure 19: Asia-Pacific AI Camera Market Share (%), By Country, By Value, 2017-2027

 

Figure 20: Latin America AI Camera Market Size, By Value (USD Million), 2017-2027

 

Figure 21: Latin America AI Camera Market Share (%), By Type, By Value, 2017-2027

 

Figure 22: Latin America AI Camera Market Share (%), By Technology, By Value, 2017-2027

 

Figure 23: Latin America AI Camera Market Share (%), By Country, By Value, 2017-2027

 

Figure 24: Middle East & Africa AI Camera Market Size, By Value (USD Million), 2017-2027

 

Figure 25: Middle East & Africa AI Camera Market Share (%), By Type, By Value, 2017-2027

 

Figure 26: Middle East & Africa AI Camera Market Share (%), By Technology, By Value, 2017-2027

 

Figure 27: Middle East & Africa AI Camera Market Share (%), By Region, By Value, 2017-2027

 

 

List of Tables

 

Table 1: Global AI Camera Market Size, By Type, By Value, 2017-2027

 

Table 2: Global AI Camera Market Size, By Technology, By Value (USD Million), 2017-2027

 

Table 3: Global AI Camera Market Size, By Region, By Value (USD Million), 2017-2027

 

Table 4: North America AI Camera Market Size, By Type, By Value (USD Million), 2017-2027

 

Table 5: North America AI Camera Market Size, By Technology, By Value (USD Million), 2017-2027

 

Table 6: North America AI Camera Market Size, By Country, By Value (USD Million), 2017-2027

 

Table 7: Europe AI Camera Market Size, By Type, By Value (USD Million), 2017-2027

 

Table 8: Europe AI Camera Market Size, By Technology, By Value (USD Million), 2017-2027

 

Table 9: Europe AI Camera Market Size, By Country, By Value (USD Million), 2017-2027

 

Table 10: the Asia-Pacific AI Camera Market Size, By Type, By Value (USD Million), 2017-2027

 

Table 11: the Asia-Pacific AI Camera Market Size, By Technology, By Value (USD Million), 2017-2027

 

Table 12: the Asia-Pacific AI Camera Market Size, By Country, By Value (USD Million), 2017-2027

 

Table 13: Latin America AI Camera Market Size, By Type, By Value (USD Million), 2017-2027

 

Table 14: Latin America AI Camera Market Size, By Technology, By Value (USD Million), 2017-2027

 

Table 15: Latin America AI Camera Market Size, By Country, By Value (USD Million), 2017-2027

 

Table 16: The Middle-East & Africa AI Camera Market Size, By Type, By Value (USD Million), 2017-2027

 

Table 17: The Middle-East & Africa AI Camera Market Size, By Technology, By Value (USD Million), 2017-2027

 

Table 18: The Middle-East & Africa AI Camera Market Size, By Country, By Value (USD Million), 2017-2027

 

Table 19: Samsung Electronics Financial Analysis

Table 20: Samsung Electronics Business Overview

Table 21: Honeywell International Financial Analysis

Table 22: Honeywell International Business Overview

Table 23: LG Electronics Corporation Financial Analysis

Table 24: LG Electronics Corporation Business Overview

Table 25: Huawei Technology Financial Analysis

Table 26: Huawei Technology Business Overview

Table 27: HuddleCamHD Financial Analysis

Table 28: HuddleCamHD Business Overview

Table 29: HikVision Sony Corporation Financial Analysis

Table 30: HikVision Sony Corporation Business Overview

Table 31: Xiaomi Inc Financial Analysis

Table 32: Xiaomi Inc. Business Overview

Table 33: Google LLC Financial Analysis

Table 34: Google LLC Business Overview

Table 35: Apple Inc Financial Analysis

Table 36: Apple Inc Business Overview

Table 37: Nikon Corporation Financial Analysis

Table 38: Nikon Corporation Business Overview

Table 39: Fujitsu Ltd Financial Analysis

Table 40: Fujitsu Ltd Financial Analysis

Table 41: Bosch Security Systems Financial Analysis

Table 42: Bosch Security Systems Financial Analysis

Table 43: Hanwha Techwin America Financial Analysis

Table 44: Hanwha Techwin America Financial Analysis

Table 45: Panasonic Corporation Financial Analysis

Table 46: Panasonic Corporation Financial Analysis

Table 47: Swann Financial Analysis

Table 48: Swann Financial Analysis

Table 49: FLIR Systems, Inc. Financial Analysis

Table 50: FLIR Systems, Inc. Financial Analysis

Table 51: VIVOTEK Inc. Financial Analysis

Table 52: VIVOTEK Inc. Financial Analysis

Table 53: IBM Corporation Financial Analysis

Table 54: IBM Corporation Financial Analysis

Market Segmentation

By Type

  • Smartphone’s Camera
  • Surveillance Camera
  • DSLR Camera
  • Others

By Technology

  • Image/Face Recognition
  • Voice/Speech Recognition
  • Computer Vision
  • Others

By Region

  • North America
  • Europe
  • Asia-Pacific
  • Latin America
  • Middle East & Africa
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