The global embedded smart cameras market is expected to have reached a valuation of USD 6,566.6 million in 2023. The expanding technical usage and wide range of applications are projected to be the market's primary growth drivers.
The overall sales of embedded smart cameras products are projected to grow at a robust CAGR of 34.2% between 2023 and 2033, totaling around USD 1,24,725.1 million by the end of 2033.
| Data Points | Key Statistics |
|---|---|
| Embedded Smart Cameras Market Size (2023) | USD 6,566.6 million |
| Embedded Smart Cameras Market Revenue Forecast (2033) | USD 1,24,725.1 million |
| Embedded Smart Cameras Market Growth Rate (2023 to 2033) | 34.2% CAGR |
| North America Market Share | 25.4% |
Recent advances in computing, communication, and sensor technology are accelerating the emergence of various new applications such as ubiquitous computing, sensor networks, and embedded systems. One illustration of this innovation is embedded smart cameras.
These are the devices that have elevated onboard computing and communication infrastructure, allowing them to integrate video sensing, processing, and communications in a separate embedded device.
Through the cooperation of specific cameras, embedded smart cameras deliver access to a wide range of views and can potentially affect more complex and challenging applications than a single camera, such as smart rooms, surveillance, tracking, and motion analysis.
Explore FMI!
Book a free demo
The escalating demand for real-time performance in video processing applications, the elevated deployment of video-based surveillance systems for public safety and transportation systems, and advancements in robotics technology are all gaining traction for embedded smart cameras.
Furthermore, embedded smart cameras are progressively being utilized in applications such as barcode inspection, object recognition, performance monitoring, and quality control. The growth principally of associations for embedded smart cameras is expected to boost the market even further.
However, by combining all of the capabilities of a machine vision system into one camera system, the developer is restricted in the choice of an image sensor, camera speed, processing power, and software capabilities provided by any particular vendor. As a result, this aspect may limit market growth.
North America is viewed as a growth hub for new technology-driven enterprise business models, for its start-up ecosystem, and the region's widespread advancement of technology solutions. As a result, North America is expected to represent the greatest opportunity addition for the global embedded smart camera market, with Asia Pacific being the next closest region.
North America has a 33.9% market share of the global embedded smart camera market. North America remains the dominant leader in the global embedded smart camera market, valued at USD 3,700 Million in 2019, owing to the region's robust network infrastructure as well as heightened consumer safety spending in the fiscal budget.
During the forecast period, North America is expected to perceive a 14.9% rise in the global embedded smart camera market. The government initiatives emphasis on national and internal security through surveillance is cruising market growth in North America.
In 2022, the United Kingdom held a 9.8% share of the European embedded smart camera market, which is predicted to expand at a 14.2% CAGR between 2023 and 2033.
Aside from hardware evolutions, breakthroughs in software are transforming the smart camera system market. Real-time adaptation in smart camera systems that overcome the limitations of traditional camera systems is becoming increasingly relevant.
In Europe, companies are developing full-featured alternatives that provide precision in data and image capture. Europe holds a 21.4% market share of the global embedded smart camera market.
The Asia Pacific embedded smart camera system market is expected to grow rapidly during the forecast period, followed by South America. In 2021, China had a 13% share of the Asia Pacific embedded smart camera market.
Japan compensated for 3.6% of the Asia Pacific embedded smart camera market, which is projected to expand at a 14% CAGR by 2033. In recent years, Asia Pacific has witnessed an insatiable demand for real-time performance in video processing applications.
Embedded smart cameras consider making use of very large-scale integration (VLSI) to provide such real-time analysis in a low-cost, low-power system with enough memory. As a result, Asia Pacific will experience high consumption in the coming decades.
In the smart camera system market, the software component segment is expected to grow rapidly. As a result, the embedded smart camera system technology is evolving from single-feature to full-featured solutions that minimize inaccuracies and provide precision in image capture and data processing.
Companies are stepping up their efforts to conduct joint data analysis between multiple cameras and the cloud to support practical applications. They are establishing self-aware systems that can easily adapt to changing environmental conditions and gestures.
Manufacturers are adopting various marketing strategies such as new product launches, geographical expansion, mergers and acquisitions, partnerships, and collaboration to identify the interest of potential buyers and create a larger customer base.
For instance:
Some of the leading Embedded Smart Cameras device manufacturers include:
Banner Engineering Corp., Microscan Systems, Inc., Tattile s.r.l., Samsung, National Instruments, Toshiba Teli Corporation, Teledyne DALSA Inc. and Stemmer Imaging Ltd., Omron Automation, In-Sight D900.
These key Embedded Smart Cameras providers are adopting various strategies such as new product launches and approvals, partnerships, collaborations, acquisitions, mergers, etc. to increase their sales and gain a competitive edge in the global Embedded Smart Cameras market. For instance,
| Report Attribute | Details |
|---|---|
| Growth Rate | CAGR of 34.2% from 2023 to 2033 |
| Market Value in 2023 | USD 6,56.6 million |
| Market Value in 2033 | USD 1,24,725.1 million |
| Base Year for Estimation | 2022 |
| Historical Data | 2018 to 2022 |
| Forecast Period | 2023 to 2033 |
| Quantitative Units | Revenue in USD million and CAGR from 2023 to 2033 |
| Report Coverage | Revenue Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends, and Pricing Analysis |
| Segments Covered |
Component, Application, Region |
| Regions Covered |
North America; Latin America; Europe; Asia Pacific; Middle East and Africa |
| Key Countries Profiled | United States, Canada, Brazil, Mexico, Germany, United Kingdom, France, Spain, Italy, China, Japan, South Korea, India, Malaysia, Singapore, Australia, New Zealand, GCC, South Africa, Israel |
| Key Companies Profiled |
Banner Engineering Corp.; Microscan Systems Inc.; Tattile s.r.l; Samsung; National Instruments; Toshiba Teli Corporation; Matrix Vision GmbH; Stemmer Imaging Ltd.; Teledyne DALSA Inc.; Hikvision |
| Customization & Pricing | Available upon Request |
The market is valued at USD 6.5 billion in 2023.
Banner Engineering Corp. and Tattile s.r.l are the key market players.
The market is forecast to register a CAGR of 34.2% through 2033.
The United States is likely to generate 33.9% revenue in 2023.
Advancements in computing, communication, and sensor technology are encouraging sales.
Catenary Infrastructure Inspection Market Insights - Demand & Forecast 2025 to 2035
Category Management Software Market Analysis - Trends & Forecast 2025 to 2035
DC Power Systems Market Trends - Growth, Demand & Forecast 2025 to 2035
Residential VoIP Services Market Insights – Trends & Forecast 2025 to 2035
Border Security Technologies Market Growth - Trends & Forecast 2025 to 2035
ATM Outsourcing Services Market Analysis by Service Type, ATM Deployment, and Region - Growth, Trends, and Forecast from 2025 to 2035
Embedded Smart Cameras Market
Thank you!
You will receive an email from our Business Development Manager. Please be sure to check your SPAM/JUNK folder too.
