Artificial Intelligence (AI) Camera Market Size 2023 | Industry Statistics and Forecast 2028

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According to the latest report by IMARC Group, titled, “Artificial Intelligence (AI) Camera Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028” The study provides a detailed analysis of the industry, including the global artificial intelligence (AI) camera market size, share, trends and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.

Report Highlights:

How big is the artificial intelligence (AI) camera market?

Report Attributes Details
Market Size in 2022 US$ 5.94 Billion
Market Forecast in 2028 US$ 13.96 Billion
Growth rate (2023 to 2028) CAGR of 16.0%
Base Year of the Analysis 2022
Forecast Period 2023-2028

What is artificial intelligence (AI) camera?

Artificial intelligence (AI) camera represents specialized camera systems equipped with cutting-edge technology and embedded with artificial intelligence (AI) for performing various functions beyond traditional cameras. These cameras leverage machine learning (ML) and computer vision algorithms to improve their capabilities, including image and facial recognition, object detection, emotion analysis, monitoring and surveillance, and movement detection. Unlike regular cameras that simply record images or videos, AI cameras can interpret and process visual data by comparing it with existing databases and other sources. They also utilize sensors to analyze photos and determine optimal settings for capturing images. As a result, AI cameras find widespread applications across numerous sectors, including law enforcement, consumer electronics, retail, etc.

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What are the growth prospects and trends in the artificial intelligence (AI) camera industry?

The artificial intelligence (AI) camera market is primarily driven by the inflating demand for technologically advanced surveillance systems and the growing concerns regarding safety and security across the globe. Besides this, the rising adoption of AI-based CCTV cameras to enable real-time monitoring of unusual or suspicious activity and enhance threat analysis, allowing businesses to make informed decisions, is acting as another significant growth-inducing factor. Moreover, the rising criminal and terrorist activities and the emerging trend of smart homes are further catalyzing the global market. Additionally, the escalating integration of state-of-the-art camera features in smartphones, such as optical or image stabilization, larger sensors, bright lenses, and better optical zoom, is also positively influencing the global market. Apart from this, the rising expenditure of Government bodies in sophisticated surveillance systems for enhanced security, cost-effectiveness, flexibility, and faster data acquisition and the development of smart city projects are expected to bolster the artificial intelligence (AI) camera market in the coming years.

What is included in market segmentation?

The report has segmented the market into the following categories:

Technology Insights:

  • Image/Face Recognition
  • Computer Vision
  • Emotion Recognition
  • Network Cameras
  • Security Cameras
  • Others

End User Insights:

  • BFSI
  • Healthcare
  • Automotive
  • Retail
  • Government
  • Logistics and Transportation
  • Military and Defense
  • Commercial Spaces
  • Media and Entertainment
  • Others

Breakup by Region:

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

Who are the key players operating in the industry?

The report covers the major market players including:

  • Avigilon Corporation
  • Canon Inc.
  • Eagle Eye Networks
  • Hangzhou Hikvision Digital Technology Co. Ltd
  • Hanwha Vision Co. Ltd. (Hanwha Aerospace Co. Ltd.)
  • Honeywell International Inc.
  • Huddly AS
  • Mobotix AG
  • Zhejiang Dahua Technology Co. Ltd., etc.

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