Artificial Intelligence (AI) Camera Market Size
What market dynamics are playing a key role in accelerating the growth of the artificial intelligence (ai) camera market?
The upsurge in organized retail crime (ORC) incidents and the resulting need for increased monitoring and surveillance in commercial stores is predicted to fuel the growth of the artificial intelligence (AI) camera market. The term ‘monitoring’ refers to the ongoing, intentional observation of people, places, objects, or processes, while ‘surveillance’ refers to the targeted monitoring carried out by law enforcement or security agencies to collect specific proof of criminal activities or other illegal actions. Commercial establishments utilize AI cameras to monitor customer movements in real time, analyze shopping patterns, detect theft or suspicious behavior, and enhance store design to augment customer satisfaction and security. For example, in 2022, the National Retail Federation, a US-based retail trade association, conducted a retail security survey, with 63 retailers participating. This survey revealed that organized retail crimes (ORC) occurrences in the US surged by an average of 26.5% in 2021 as compared to the prior year. Furthermore, eight out of ten retailers reported experiencing violence and aggression associated with ORC incidents. As a result of this, the burgeoning need for monitoring and surveillance in commercial stores, along with the rise of retail crime (ORC) occurrences, is propelling the AI camera market.
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How will the growth rate of the artificial intelligence (ai) camera market shape industry trends by 2034?
The market for AI camera has seen a colossal growth in recent times. It is projected to expand from a value of $17.66 billion in 2024 to $21.81 billion in 2025, registering a CAGR of 23.6%. The substantial growth observed in the historic period is the result of advancements in computer vision technology, escalating demand for video analytics, surge in surveillance and security applications, widespread adoption of smart home devices, and the growth in industrial automation.
Experts anticipate a significant economic boom in the artificial intelligence (AI) camera market, expected to hit a size of $56.44 billion by 2029, with an accompanying compound annual growth rate (CAGR) of 26.8%. This surge over the forecast period is linked to factors such as the adoption of AI-driven facial recognition, increased processing power and speed, the integration of AI cameras in automotive systems, AI camera customization and personalization, and a focus on privacy and ethical usage. The leading trends during this period are anticipated to be developments in deep learning algorithms, the growth of edge computing capabilities, collaboration with 5G technology to boost connectivity, the inclusion of multimodal sensing in AI cameras, and the integration of edge AI for instantaneous processing.
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What trends are poised to drive the future success of the artificial intelligence (ai) camera market?
The escalating trend in the AI camera industry is technological advancements. Major board members within this market are directing their efforts towards producing inventive products, ensuring they retain their dominance in the market. For instance, in April 2023, D3, an American company providing original design manufacturing and embedded design services, introduced the next-gen products such as Design Core Velocity Series and Design Core Discovery Series intended for autonomous and industrial applications. These products feature D3’s new ready-made cameras, precisely designed to improve image quality through AI tuning optimized right out of the box. Accompanied by lens that increase the signal strength with advanced resolving capabilities and larger apertures. The series includes a wide array of lens options designed for high-end applications like autonomous machinery, robotics, and industrial sensors.
Which primary segments of the artificial intelligence (ai) camera market are driving growth and industry transformations?
The artificial intelligence (AI) camera market covered in this report is segmented –
1) By Type: Smartphone Camera, Surveillance Camera, DSLR Camera, Other Types
2) By Technology: Image Or Face Recognition, Voice Or Speech Recognition, Computer Vision, Other Technologies
3) By End User: Banking, Financial Services And Insurance (BFSI), Healthcare, Automotive, Retail, Government, Logistics And Transportation, Military And Defense, Commercial Spaces, Media And Entertainment, Other End-Users
Subsegments:
1) By Smartphone Camera: Front-Facing AI Cameras, Rear-Facing AI Cameras
2) By Surveillance Camera: Indoor AI Surveillance Cameras, Outdoor AI Surveillance Cameras
3) By DSLR Camera: Entry-level DSLR Cameras, Professional DSLR Cameras
4) By Other Types: Action Cameras, Mirrorless Cameras, Camcorders With AI Features
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Which geographical regions are pioneering growth in the artificial intelligence (ai) camera market?
Asia-Pacific was the dominate region in the artificial intelligence market in 2024. The regions covered in the artificial intelligence (AI) camera market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Who are the influential players reshaping the artificial intelligence (ai) camera market landscape?
Major companies operating in the artificial intelligence (AI) camera market include Amazon.com Inc., Google LLC, Sony Corporation, Panasonic Holdings Corporation, Cisco Systems Inc., Honeywell International Inc., Canon Inc., Johnson Controls Inc., Hangzhou Hikvision Digital Technology Co. Ltd., Zhejiang Dahua Technology Co. Ltd., Hanwha Vision, Teledyne Technologies Incorporated, Nikon Corporation, Avigilon Corporation, Bosch Security Systems Inc., Arlo Technologies Inc., Basler AG, Pelco Incorporated, Canary Connect Inc., Deep Sentinel Corp., Eagle Eye Networks Inc., Netatmo SAS, Arecont Vision Costar LLC, Huddly Group, Amcrest Industries LLC
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What Is Covered In The Artificial Intelligence (AI) Camera Global Market Report?
• Market Size Forecast: Examine the artificial intelligence (ai) camera market size across key regions, countries, product categories, and applications.
• Segmentation Insights: Identify and classify subsegments within the artificial intelligence (ai) camera market for a structured understanding.
• Key Players Overview: Analyze major players in the artificial intelligence (ai) camera market, including their market value, share, and competitive positioning.
• Growth Trends Exploration: Assess individual growth patterns and future opportunities in the artificial intelligence (ai) camera market.
• Segment Contributions: Evaluate how different segments drive overall growth in the artificial intelligence (ai) camera market.
• Growth Factors: Highlight key drivers and opportunities influencing the expansion of the artificial intelligence (ai) camera market.
• Industry Challenges: Identify potential risks and obstacles affecting the artificial intelligence (ai) camera market.
• Competitive Landscape: Review strategic developments in the artificial intelligence (ai) camera market, including expansions, agreements, and new product launches.
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