The global AI Camera market is expected to be valued at USD 7.6 billion in 2023 and is projected to reach USD 22.1 billion by 2028; it is expected to grow at a CAGR of 23.9% from 2023 to 2028. Product launches, acquisitions, partnerships, collaborations, strategic alliances, and expansions are the major growth strategies adopted by the market players. These strategies have enabled them to efficiently fulfil the growing demand for AI camera from different verticals and expand their global footprint by offering their products in all the major regions.
Key players operating in the AI camera market are Sony Group Corporation (Japan), Panasonic Corporation (Japan), Hangzhou Hikvision Digital Technology Co., Ltd. (China), Samsung (South Korea), Axis Communications AB (Sweden), VIVOTEK Inc. (Taiwan), Zhejiang Dahua Technology Co., Ltd. (China), Robert Bosch GmbH (Germany), Honeywell International Inc. (US), Hanwha Vision Co., Ltd. (China), Apple Inc. (US), Alphabet Incorporation (US), Huawei Technologies (China), Teledyne FLIR LLC (US), Avigilon Corporation (Canada), Merit LILIN Ent. Co., Ltd. (Taiwan), Tiandy Technologies Co., Ltd. (China), Vicon Industries, Inc. (US), Reolink (Hong Kong), Zhejiang Uniview Technologies Co.,Ltd. (China), GeoVision Inc. (Taiwan), Amaryllo Inc. (US), Netatmo (France), YI Technology (US), Verkada Inc. (US), Wyze Labs, Inc (US), Vivint, Inc. (US), Pelco, Inc. (US).
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Sony Group Corporation (Japan)
Sony Group Corporation, commonly known as Sony, is a global conglomerate with a significant presence in the AI camera market. Sony is a diversified company with various business segments, including electronics, entertainment, gaming, and imaging, all of which intersect with the AI camera market in different ways. Sony produces a range of consumer electronics, including digital cameras and camcorders that often incorporate AI features like scene recognition, image stabilization, and facial recognition. It offers a line of professional cameras, including mirrorless cameras and camcorders, that leverage AI technologies for improved image quality, autofocus, and video recording capabilities. Sony integrates AI capabilities into its products and services to enhance user experiences, such as voice-activated remote controls, voice assistants, and content recommendation systems.
Panasonic Corporation (Japan)
Panasonic Corporation is a prominent multinational corporation that operates in various sectors, including consumer electronics, appliances, industrial solutions, automotive, and more. Panasonic's Industrial Solutions segment encompasses various technologies and solutions for industrial applications, including surveillance and imaging. Panasonic offers security and surveillance camera systems that are designed to provide advanced functionality beyond basic video monitoring. These camera systems may incorporate AI-enhanced features that leverage artificial intelligence and machine learning algorithms to improve their capabilities. These cameras can detect and track objects within their field of view. Object detection can be used for various purposes, including intruder detection, vehicle tracking, and monitoring the movement of valuable assets.
Hangzhou Hikvision Digital Technology Co., Ltd. (China)
Hikvision is a leading global provider of security and surveillance solutions, including AI cameras and related technologies. Hikvision offers a comprehensive range of AI camera solutions that leverage artificial intelligence and computer vision technologies. It Hikvision offers a comprehensive range of AI camera solutions that leverage artificial intelligence and computer vision technologies. Company also provides complete video surveillance solutions, including network video recorders (NVRs) and digital video recorders (DVRs), designed to work seamlessly with their AI cameras. Hikvision's AI cameras are equipped with advanced capabilities, such as facial recognition, license plate recognition, behavior analysis, and object tracking. These features enhance security and surveillance applications and support automation and analytics.
Samsung (South Korea)
Samsung is a major player in the AI camera market, known for its innovative products and contributions to the field of artificial intelligence and camera technology. Samsung has integrated AI-powered cameras into its flagship smartphones, such as the Galaxy S and Note series. These cameras leverage AI algorithms for features like scene recognition, intelligent photography settings, and enhanced image quality. Samsung has invested in advanced imaging technologies, including sensors and image processing algorithms, to improve the camera capabilities in its smartphones and other devices. Beyond smartphones and smart home devices, Samsung has explored AI camera technology in various applications, including automotive, healthcare, and industrial settings.
Axis Communications AB (Sweden)
Axis Communications is a renowned player in the AI camera market, specializing in network video surveillance solutions. Axis Communications is primarily known for its network video solutions, including IP cameras, video encoders, and video management software. These solutions have evolved to incorporate AI and advanced analytics capabilities, making them a key player in the AI camera market. Axis Communications provides a suite of video analytics applications that can be deployed with its cameras. These analytics tools use AI and machine learning to analyze video feeds for various purposes, including security, retail analytics, and smart city applications. The company's AI camera solutions play a significant role in smart city initiatives. These solutions help cities monitor traffic, improve public safety, manage infrastructure, and enhance urban planning through AI-driven insights.
AI Camera Market by Offering (Image Sensor, Al Processor, Memory), Technology (Deep Learning, Computer Vision, Language Processing), Product(Smartphone, DSLR, CCTV), Biometric (Image, Facial, Speech, OCR), Connectivity & Region - Global Forecast to 2028
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