According to a new report, published by KBV research, The Global Global AI Camera Market size is expected to reach 38 billion by 2030, rising at a market growth of 22.9% CAGR during the forecast period. In the year 2022, the market attained a volume of 38,251.3 thousand units experiencing a growth of 20.5% (2019-2022).
The Hardware segment is leading the Global AI Camera Market by Component in 2022, thereby, achieving a market value of $19.9 billion by 2030. AI cameras, for instance, necessitate high processing capacity to execute complex computer vision algorithms, requiring powerful hardware components, particularly graphics and central processing units. Image sensors, storage units, communication choices like Wi-Fi and Bluetooth, longer-life batteries, thermal management solutions, and other hardware components also support the sophisticated capabilities of an AI camera.
The Smartphone Cameras segment is experiencing a CAGR of 23.2% during (2023 - 2030). Smartphone cameras enable object recognition, which is essential for AR applications. These cameras allow users to overlay digital information onto the real world, enhancing gaming, navigation, and shopping experiences. AI-powered features in smartphone cameras, such as scene recognition and automatic settings adjustments, improve the quality of photos and videos. Smartphone cameras and AI algorithms can assist individuals with visual impairments.
The Image/Face Recognition segment is generating the highest revenue in the Global AI Camera Market by Technology in 2022; thereby, achieving a market value of $13.4 billion by 2030. Popular AI-based capabilities of these cameras include face- or image-recognition technologies. It enables the camera to focus on faces, which enhances the quality of portraits and group photos. Some AI-enabled cameras can detect and prioritize a specific facial expression, ensuring everyone appears their best in the shot. This feature has evolved to differentiate subjects from backgrounds and create portrait mode, which simulates a limited depth of field in images.
The Sports segment is registering a CAGR of 24.6% during (2023 - 2030). They provide unique camera angles, real-time statistics, and augmented reality (AR) overlays, allowing viewers to get closer to the action and have a more engaging experience. AI cameras have player and ball tracking technology, providing real-time data on player movements, speeds, and trajectories. The rapidly growing sports segment heavily relies on AI cameras for live streaming, player and audience interaction, and virtual reality experiences.
The North America region dominated the Global AI Camera Market by Region in 2022 and would continue to be a dominant market till 2030; thereby, achieving a market value of $13.2 billion by 2030. The Europe region is experiencing a CAGR of 22.5% during (2023 - 2030). Additionally, The Asia Pacific region would capture a CAGR of 23.8% during (2023 - 2030).
Full Report: https://www.kbvresearch.com/ai-camera-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country-wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of Axis Communications AB, Bosch Security Systems GmbH, Hangzhou Hikvision Digital Technology Co., Ltd., Honeywell International, Inc., Huawei Technologies Co., Ltd., Johnson Controls International PLC, LG Electronics, Inc. (LG Corporation), Nikon Corporation, Panasonic Holdings Corporation, and Samsung Electronics Co., Ltd.
By Component
By Type (Volume, thousand units, USD Million, 2019-2030)
By Technology
By Vertical(Volume, thousand units, USD Million, 2019-2030)
By Geography (Volume, thousand units, USD Million, 2019-2030)
Companies Profiled
Unique Offerings 
