The global camera technology market size is estimated to stand at US$ 25.3 billion by 2032. It is likely to exhibit a considerable CAGR of around 12% in the estimated time frame. A valuation of US$ 8.1 billion was anticipated for the global market in 2022.
Need for intelligent surveillance systems is developing across a variety of industries. These include healthcare, automotive, industrial, defense & aerospace, and retail. Use of surveillance objects in cell phones, as well as other consumer electronics devices is on the rise.
The science and skill of manipulating light to produce images are at the heart of camera technology. It also includes disciplines such as digital photos, lenses, computers, darkroom techniques supply (memories), imaging sensor design, photonics, photography equipment, lighting, or other visual analytics media. These are used to create a camera abstract by projecting a picture onto a computer monitor into strong daylight.
In terms of the current CCTV technology, the past few years saw the emergence of a new wave of scalable, remote-first systems. Cloud-native solutions, video analytics powered by artificial intelligence, and transition from analogue to 100% streaming video systems are three key developments in video security that are picking up steam.
Key companies are investing in ‘as a service’ (AaS) solutions for configurable ways to introduce technological advances into current processes and guidelines. They are also striving to comply with Open Network Video Interface Forum guidelines. These solutions allow footage to be turned into useful information by means of artificial intelligence.
Hours of redundant video footage can now be converted into data using artificial intelligence. It allows for the analysis of trends and patterns in video surveillance.
Security teams can nowadays learn more from the minutes of accessible footage that were previously overlooked. It is opposed to the past practice of simply learning from instances that were manually identified.
| Attributes | Key Insights |
|---|---|
| Camera Technology Market Estimated Size (2022E) | US$ 8.1 billion |
| Projected Market Valuation (2032F) | US$ 25.3 billion |
| Value-based CAGR (2022 to 2032) | 12% |
| USA Value-based CAGR (2022 to 2032) | 10.8% |
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As per Future Market Insights (FMI), the global camera technology market witnessed a CAGR of 15.6% in the historical period. It is likely to showcase steady growth at 12% CAGR in the estimated period from 2022 to 2032.
The consumer electronics sector has been at the forefront of incorporating camera technology into smartphones and laptops in recent years. Demand for camera technology is projected to increase significantly between 2022 and 2032.
Demand for digital cameras is rising as a result of growing popularity of photography. With a digital camera, photos and films can be captured & stored digitally rather than being printed to film as they were with previous analog cameras.
It has led to an increasing need for tiny, lightweight, and high-quality cameras. Photography has emerged as a result of increasing use of digital cameras and cell phones. It has further created a rising demand for high-quality cameras with user-friendly controls and affordable prices.
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Asia Pacific to Witness High Demand for Latest Camera Technology by 2032
Asia Pacific is likely to account for a significant camera technology market share throughout the projection period. Growing need for camera technology in consumer electronics and automotive sectors has led to expansion of the market.
Asia Pacific is set to witness a CAGR of about 48.4% from 2022 to 2032. Nikon Corporation Inc. is one of the leading companies in the field of camera technology in Asia Pacific.
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Need to Improve Security across the USA to Fuel Demand for Advanced Camera Settings
The USA camera technology market size is expected to be worth US$ 4.0 billion by 2032. It is set to create an absolute dollar growth of US$ 2.5 billion in the next ten years.
The USA witnessed growth at a CAGR of 12.2% from 2017 to 2021. It is anticipated to elevate at a CAGR of 10.8% from 2022 to 2032.
In October 2022, USA-based Bosch Security Systems introduced its new FLEXIDOME 5100i cameras. They are equipped with deep-learning video analytics to improve building security.
The FLEXIDOME 5100i gives high-quality images 24/7 by using intelligent infrared illumination technology and HDR. On the other hand, its unique three-step installation concept has reduced installation time.
Launch of New Products with Modern Camera Technology to Spur Demand in the United Kingdom
The United Kingdom camera technology market is expected to be worth US$ 645.3 million by 2032. It is projected to create an incremental opportunity of US$ 404.7 million in the forecast period.
The United Kingdom market witnessed growth at a CAGR of 10.8% from 2017 to 2021. It is expected to broaden at a CAGR of 10.4% from 2022 to 2032.
In September 2022, three new HERO11 Black Cameras were launched by GoPro. The United Kingdom-based company launched these cameras to send highlight videos to one’s phone.
Video Conferencing Experience Demand to Enable China-based Firms to Launch Camera Technology in Smartphones
China camera technology sector is likely to be valued at US$ 6.4 billion by 2032. It is estimated to create an absolute dollar opportunity of US$ 4.6 billion during the assessment period.
The China market witnessed steady growth at a CAGR of 17.8% from 2017 to 2021. It is expected to showcase decent growth at a CAGR of 13.5% between 2022 and 2032.
In March 2021, China-based Huawei Technologies introduced the Cloudlink Camera 200. A modern 4K UHD PTZ camera is the HUAWEI CloudLink Camera 200.
It offers an unmatched video conferencing experience when used with the company’s UHD video conferencing endpoint range. It can also be used with the firm’s cloud-registered soft clients.
Emergence of New Security Camera Technology in Japan to Propel Demand by 2032
Japan camera technology industry is anticipated to surge to US$ 3.9 billion by 2032. It is predicted to create an absolute dollar opportunity of US$ 2.7 billion in the evaluation period.
Japan showcased growth at a CAGR of 15.8% from 2017 to 2021. It is expected to flourish at a CAGR of 12.3% from 2022 to 2032.
In February 2023, for instance, Digital Sight 50M Monochrome Camera was introduced by Nikon Corporation. The new camera enables high-precision analysis for huge quantities of samples. These include cell culture well plates and the collection of 60-megapixel, wide-field-of-view photographs.
The camera can gather photos of regions of interest (ROI) at greater magnifications. It can also take photographs of individual wells in a single shot, making it feasible to find areas without the need for the human eye.
Wearable Cameras with Integrated Circuits to Exhibit Astonishing Growth by 2032
Integrated circuits are projected to witness significant growth in the next ten years. These have multiple applications in the consumer electronics and media & entertainment sectors. They are generally used as a base material for the production of cameras.
The integrated circuits segment exhibited a CAGR of around 15.3% from 2017 to 2021. It is predicted to expand at around 11.9% CAGR from 2022 to 2032.
Need for Machine Vision Cameras with 4K Pixel and Ultra HD Display to Escalate
As per technology, the 4K pixel and ultra HD display segment is anticipated to remain at the forefront by 2032. Expansion of the consumer electronics industry can be associated with increasing need for customized equipment.
CAGR of the 4K pixel and ultra HD display category was around 15.0% from 2017 to 2021. It is expected to flourish at 11.8% CAGR from 2022 to 2032.
Trend for high definition on smart devices has been considerable. It can enhance the overall viewing experience. Rise of large-sized TVs is also expected to drive the segment.
Consumers nowadays are switching from standard definition to high definition resolutions. 4K is an abbreviation for 4,000 pixels in a range of digital formats, primarily used for capturing motion pictures.
Development of military camera technology is anticipated to present profitable prospects. It is due to technical improvements and rising demand for industry 4.0 standards. It would also be attributed to the emergence of industry 5.0.
Due to the presence of firms such as Canon Inc., Sony Corporation, and Nikon Corporation, the global camera technology industry is very competitive. Competitors in the market are concentrating on product introductions to target specialized consumer bases. The market is expected to face tough rivalry from the smartphone industry globally.
A few recent developments in the camera technology market are:
| Attribute | Details |
|---|---|
| Estimated Market Size (2022) | US$ 8.1 billion |
| Projected Market Valuation (2032) | US$ 25.3 billion |
| Value-based CAGR (2022 to 2032) | 12% |
| Forecast Period | 2022 to 2032 |
| Historical Data Available for | 2017 to 2021 |
| Market Analysis | Value (US$ billion) |
| Key Regions Covered | North America; Latin America; Europe; East Asia; South Asia; Oceania; Middle East and Africa |
| Key Countries Covered | USA, United Kingdom, Germany, France, Spain, Italy, Japan, China, Singapore, Malaysia, Sri Lanka,Kingdom of Saudi Arabia, United Arab Emirates, South Korea, Finland, Hungary, Rest of the World |
| Key Segments Covered | Component, Technology, Application, Region |
| Key Companies Profiled | Axis Communications AB; Bosch Security Systems; Flir Systems Inc.; Infineon Technologies AG; Nikon Corporation; Occipital Inc.; Panasonic Corporation; Pelco Incorporated; Apple Inc.; Sony Corporation; Red Digital Cinema Camera Company |
| Report Coverage | Market Forecast, Company Share Analysis, Competition Intelligence, Market Dynamics and Challenges, and Strategic Growth Initiatives |
The camera technology market is anticipated to register a CAGR of 12% through 2032.
The projected value of the camera technology market is anticipated to attain US$ 25.3 billion by 2032.
The integrated circuits segment takes the lead in the camera technology market, showing an 11.9% CAGR through 2032.
China's camera technology sector is poised for lucrative growth, targeting a US$ 6.4 billion market size by 2032 with a robust 13.5% CAGR.
The global demand for camera technology experienced a CAGR of 15.6% between 2017 and 2021.
1. Executive Summary | Camera Technology Market 1.1. Global Market Outlook 1.2. Demand-side Trends 1.3. Supply-side Trends 1.4. Technology Roadmap Analysis 1.5. Analysis and Recommendations 2. Market Overview 2.1. Market Coverage / Taxonomy 2.2. Market Definition / Scope / Limitations 3. Market Background 3.1. Market Dynamics 3.1.1. Drivers 3.1.2. Restraints 3.1.3. Opportunity 3.1.4. Trends 3.2. Scenario Forecast 3.2.1. Demand in Optimistic Scenario 3.2.2. Demand in Likely Scenario 3.2.3. Demand in Conservative Scenario 3.3. Opportunity Map Analysis 3.4. Investment Feasibility Matrix 3.5. PESTLE and Porter’s Analysis 3.6. Regulatory Landscape 3.6.1. By Key Regions 3.6.2. By Key Countries 3.7. Regional Parent Market Outlook 4. Global Market Analysis 2017 to 2021 and Forecast, 2022 to 2032 4.1. Historical Market Size Value (US$ billion) Analysis, 2017 to 2021 4.2. Current and Future Market Size Value (US$ billion) Projections, 2022 to 2032 4.2.1. Y-o-Y Growth Trend Analysis 4.2.2. Absolute $ Opportunity Analysis 5. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Component 5.1. Introduction / Key Findings 5.2. Historical Market Size Value (US$ billion) Analysis By Component, 2017 to 2021 5.3. Current and Future Market Size Value (US$ billion) Analysis and Forecast By Component, 2022 to 2032 5.3.1. Microcontrollers and Microprocessors 5.3.2. Sensors 5.3.3. Integrated Circuits 5.3.4. Other Components 5.4. Y-o-Y Growth Trend Analysis By Component, 2017 to 2021 5.5. Absolute $ Opportunity Analysis By Component, 2022 to 2032 6. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Technology 6.1. Introduction / Key Findings 6.2. Historical Market Size Value (US$ billion) Analysis By Technology, 2017 to 2021 6.3. Current and Future Market Size Value (US$ billion) Analysis and Forecast By Technology, 2022 to 2032 6.3.1. Advanced Camera Tools Technology 6.3.2. Depth Sensing Technology 6.3.2.1. Time of Flight 6.3.2.2. Structure Light 6.3.3. Infrared Thermal Technology 6.3.4. 4K Pixel and Ultra HD Display Technology 6.3.5. Scientific CMOS Image Sensor Technology 6.4. Y-o-Y Growth Trend Analysis By Technology, 2017 to 2021 6.5. Absolute $ Opportunity Analysis By Technology, 2022 to 2032 7. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Application 7.1. Introduction / Key Findings 7.2. Historical Market Size Value (US$ billion) Analysis By Application , 2017 to 2021 7.3. Current and Future Market Size Value (US$ billion) Analysis and Forecast By Application , 2022 to 2032 7.3.1. Consumer Electronics 7.3.2. Robotics and Gaming 7.3.3. Media and Entertainment 7.3.4. Automotive 7.3.5. Healthcare 7.3.6. Defense & Aerospace 7.3.7. Industrial 7.4. Y-o-Y Growth Trend Analysis By Application , 2017 to 2021 7.5. Absolute $ Opportunity Analysis By Application , 2022 to 2032 8. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Region 8.1. Introduction 8.2. Historical Market Size Value (US$ billion) Analysis By Region, 2017 to 2021 8.3. Current Market Size Value (US$ billion) Analysis and Forecast By Region, 2022 to 2032 8.3.1. North America 8.3.2. Latin America 8.3.3. Europe 8.3.4. Asia Pacific 8.3.5. Middle East and Africa 8.4. Market Attractiveness Analysis By Region 9. North America Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 9.1. Historical Market Size Value (US$ billion) Trend Analysis By Market Taxonomy, 2017 to 2021 9.2. Market Size Value (US$ billion) Forecast By Market Taxonomy, 2022 to 2032 9.2.1. By Country 9.2.1.1. USA 9.2.1.2. Canada 9.2.2. By Component 9.2.3. By Technology 9.2.4. By Application 9.3. Market Attractiveness Analysis 9.3.1. By Country 9.3.2. By Component 9.3.3. By Technology 9.3.4. By Application 9.4. Key Takeaways 10. Latin America Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 10.1. Historical Market Size Value (US$ billion) Trend Analysis By Market Taxonomy, 2017 to 2021 10.2. Market Size Value (US$ billion) Forecast By Market Taxonomy, 2022 to 2032 10.2.1. By Country 10.2.1.1. Brazil 10.2.1.2. Mexico 10.2.1.3. Rest of Latin America 10.2.2. By Component 10.2.3. By Technology 10.2.4. By Application 10.3. Market Attractiveness Analysis 10.3.1. By Country 10.3.2. By Component 10.3.3. By Technology 10.3.4. By Application 10.4. Key Takeaways 11. Europe Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 11.1. Historical Market Size Value (US$ billion) Trend Analysis By Market Taxonomy, 2017 to 2021 11.2. Market Size Value (US$ billion) Forecast By Market Taxonomy, 2022 to 2032 11.2.1. By Country 11.2.1.1. Germany 11.2.1.2. United Kingdom 11.2.1.3. France 11.2.1.4. Spain 11.2.1.5. Italy 11.2.1.6. Rest of Europe 11.2.2. By Component 11.2.3. By Technology 11.2.4. By Application 11.3. Market Attractiveness Analysis 11.3.1. By Country 11.3.2. By Component 11.3.3. By Technology 11.3.4. By Application 11.4. Key Takeaways 12. Asia Pacific Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 12.1. Historical Market Size Value (US$ billion) Trend Analysis By Market Taxonomy, 2017 to 2021 12.2. Market Size Value (US$ billion) Forecast By Market Taxonomy, 2022 to 2032 12.2.1. By Country 12.2.1.1. China 12.2.1.2. Japan 12.2.1.3. South Korea 12.2.1.4. Singapore 12.2.1.5. Thailand 12.2.1.6. Indonesia 12.2.1.7. Australia 12.2.1.8. New Zealand 12.2.1.9. Rest of Asia Pacific 12.2.2. By Component 12.2.3. By Technology 12.2.4. By Application 12.3. Market Attractiveness Analysis 12.3.1. By Country 12.3.2. By Component 12.3.3. By Technology 12.3.4. By Application 12.4. Key Takeaways 13. Middle East and Africa Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 13.1. Historical Market Size Value (US$ billion) Trend Analysis By Market Taxonomy, 2017 to 2021 13.2. Market Size Value (US$ billion) Forecast By Market Taxonomy, 2022 to 2032 13.2.1. By Country 13.2.1.1. Gulf Cooperation Council Countries 13.2.1.2. South Africa 13.2.1.3. Israel 13.2.1.4. Rest of Middle East and Africa 13.2.2. By Component 13.2.3. By Technology 13.2.4. By Application 13.3. Market Attractiveness Analysis 13.3.1. By Country 13.3.2. By Component 13.3.3. By Technology 13.3.4. By Application 13.4. Key Takeaways 14. Key Countries Market Analysis 14.1. USA 14.1.1. Pricing Analysis 14.1.2. Market Share Analysis, 2021 14.1.2.1. By Component 14.1.2.2. By Technology 14.1.2.3. By Application 14.2. Canada 14.2.1. Pricing Analysis 14.2.2. Market Share Analysis, 2021 14.2.2.1. By Component 14.2.2.2. By Technology 14.2.2.3. By Application 14.3. Brazil 14.3.1. Pricing Analysis 14.3.2. Market Share Analysis, 2021 14.3.2.1. By Component 14.3.2.2. By Technology 14.3.2.3. By Application 14.4. Mexico 14.4.1. Pricing Analysis 14.4.2. Market Share Analysis, 2021 14.4.2.1. By Component 14.4.2.2. By Technology 14.4.2.3. By Application 14.5. Germany 14.5.1. Pricing Analysis 14.5.2. Market Share Analysis, 2021 14.5.2.1. By Component 14.5.2.2. By Technology 14.5.2.3. By Application 14.6. United Kingdom 14.6.1. Pricing Analysis 14.6.2. Market Share Analysis, 2021 14.6.2.1. By Component 14.6.2.2. By Technology 14.6.2.3. By Application 14.7. France 14.7.1. Pricing Analysis 14.7.2. Market Share Analysis, 2021 14.7.2.1. By Component 14.7.2.2. By Technology 14.7.2.3. By Application 14.8. Spain 14.8.1. Pricing Analysis 14.8.2. Market Share Analysis, 2021 14.8.2.1. By Component 14.8.2.2. By Technology 14.8.2.3. By Application 14.9. Italy 14.9.1. Pricing Analysis 14.9.2. Market Share Analysis, 2021 14.9.2.1. By Component 14.9.2.2. By Technology 14.9.2.3. By Application 14.10. China 14.10.1. Pricing Analysis 14.10.2. Market Share Analysis, 2021 14.10.2.1. By Component 14.10.2.2. By Technology 14.10.2.3. By Application 14.11. Japan 14.11.1. Pricing Analysis 14.11.2. Market Share Analysis, 2021 14.11.2.1. By Component 14.11.2.2. By Technology 14.11.2.3. By Application 14.12. South Korea 14.12.1. Pricing Analysis 14.12.2. Market Share Analysis, 2021 14.12.2.1. By Component 14.12.2.2. By Technology 14.12.2.3. By Application 14.13. Singapore 14.13.1. Pricing Analysis 14.13.2. Market Share Analysis, 2021 14.13.2.1. By Component 14.13.2.2. By Technology 14.13.2.3. By Application 14.14. Thailand 14.14.1. Pricing Analysis 14.14.2. Market Share Analysis, 2021 14.14.2.1. By Component 14.14.2.2. By Technology 14.14.2.3. By Application 14.15. Indonesia 14.15.1. Pricing Analysis 14.15.2. Market Share Analysis, 2021 14.15.2.1. By Component 14.15.2.2. By Technology 14.15.2.3. By Application 14.16. Australia 14.16.1. Pricing Analysis 14.16.2. Market Share Analysis, 2021 14.16.2.1. By Component 14.16.2.2. By Technology 14.16.2.3. By Application 14.17. New Zealand 14.17.1. Pricing Analysis 14.17.2. Market Share Analysis, 2021 14.17.2.1. By Component 14.17.2.2. By Technology 14.17.2.3. By Application 14.18. Gulf Cooperation Council Countries 14.18.1. Pricing Analysis 14.18.2. Market Share Analysis, 2021 14.18.2.1. By Component 14.18.2.2. By Technology 14.18.2.3. By Application 14.19. South Africa 14.19.1. Pricing Analysis 14.19.2. Market Share Analysis, 2021 14.19.2.1. By Component 14.19.2.2. By Technology 14.19.2.3. By Application 14.20. Israel 14.20.1. Pricing Analysis 14.20.2. Market Share Analysis, 2021 14.20.2.1. By Component 14.20.2.2. By Technology 14.20.2.3. By Application 15. Market Structure Analysis 15.1. Competition Dashboard 15.2. Competition Benchmarking 15.3. Market Share Analysis of Top Players 15.3.1. By Regional 15.3.2. By Component 15.3.3. By Technology 15.3.4. By Application 16. Competition Analysis 16.1. Competition Deep Dive 16.1.1. Axis Communications AB 16.1.1.1. Overview 16.1.1.2. Product Portfolio 16.1.1.3. Profitability by Market Segments 16.1.1.4. Sales Footprint 16.1.1.5. Strategy Overview 16.1.1.5.1. Marketing Strategy 16.1.2. Bosch Security Systems 16.1.2.1. Overview 16.1.2.2. Product Portfolio 16.1.2.3. Profitability by Market Segments 16.1.2.4. Sales Footprint 16.1.2.5. Strategy Overview 16.1.2.5.1. Marketing Strategy 16.1.3. Flir Systems Inc. 16.1.3.1. Overview 16.1.3.2. Product Portfolio 16.1.3.3. Profitability by Market Segments 16.1.3.4. Sales Footprint 16.1.3.5. Strategy Overview 16.1.3.5.1. Marketing Strategy 16.1.4. Infineon Technologies AG 16.1.4.1. Overview 16.1.4.2. Product Portfolio 16.1.4.3. Profitability by Market Segments 16.1.4.4. Sales Footprint 16.1.4.5. Strategy Overview 16.1.4.5.1. Marketing Strategy 16.1.5. Nikon Corporation 16.1.5.1. Overview 16.1.5.2. Product Portfolio 16.1.5.3. Profitability by Market Segments 16.1.5.4. Sales Footprint 16.1.5.5. Strategy Overview 16.1.5.5.1. Marketing Strategy 16.1.6. Occipital Inc. 16.1.6.1. Overview 16.1.6.2. Product Portfolio 16.1.6.3. Profitability by Market Segments 16.1.6.4. Sales Footprint 16.1.6.5. Strategy Overview 16.1.6.5.1. Marketing Strategy 16.1.7. Panasonic Corporation 16.1.7.1. Overview 16.1.7.2. Product Portfolio 16.1.7.3. Profitability by Market Segments 16.1.7.4. Sales Footprint 16.1.7.5. Strategy Overview 16.1.7.5.1. Marketing Strategy 16.1.8. Pelco Incorporated 16.1.8.1. Overview 16.1.8.2. Product Portfolio 16.1.8.3. Profitability by Market Segments 16.1.8.4. Sales Footprint 16.1.8.5. Strategy Overview 16.1.8.5.1. Marketing Strategy 16.1.9. Apple Inc. 16.1.9.1. Overview 16.1.9.2. Product Portfolio 16.1.9.3. Profitability by Market Segments 16.1.9.4. Sales Footprint 16.1.9.5. Strategy Overview 16.1.9.5.1. Marketing Strategy 16.1.10. Sony Corporation 16.1.10.1. Overview 16.1.10.2. Product Portfolio 16.1.10.3. Profitability by Market Segments 16.1.10.4. Sales Footprint 16.1.10.5. Strategy Overview 16.1.10.5.1. Marketing Strategy 16.1.11. Red Digital Cinema Camera Company 16.1.11.1. Overview 16.1.11.2. Product Portfolio 16.1.11.3. Profitability by Market Segments 16.1.11.4. Sales Footprint 16.1.11.5. Strategy Overview 16.1.11.5.1. Marketing Strategy 17. Assumptions & Acronyms Used 18. Research Methodology
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Camera Technology Market
