In 2022, the market for Embedded Smart Cameras Market is anticipated to be worth US$4,952.2 million. The broad range of applications and rising technical utilisation are anticipated to be the market’s main development factors. By the end of 2032, sales of integrated smart camera devices are expected to reach about US$ 19,560.52 Million, growing at a strong CAGR of 14.7% between 2022 and 2032.
Recent advancements in computing, communication, and sensor technology are propelling the developments of many new applications such as pervasive computing, sensor networks, and embedded systems. Embedded smart cameras is one such example of this innovation.
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These are the devices which are equipped with high-performance onboard computing and communication infrastructure, combining video sensing, processing, and communications in a single embedded device.
Embedded smart cameras provides access to large number of views through the cooperation among individual cameras and potentially support more complex and challenging applications than a single camera, such as smart rooms, surveillance, tracking, and motion analysis.
Embedded Smart Cameras Market: Market Overview
In recent years, video processing applications have witnessed an insatiable demand for real-time performance.
Smart cameras utilize very large-scale integration (VLSI) to offer such real-time analysis in a low-cost and low-power system with sufficient memory.
These camera systems process a wide range of algorithms to extract meaning from streaming video, moving well beyond pixel processing and compression.
Embedded smart cameras have a dedicated processor in each unit, making them suitable for applications where several cameras need to be operated independently and asynchronously, or in cases where a distributed vision is required.
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Embedded Smart Cameras Market: Market Dynamics
Major factors which are fuelling the demand for embedded smart cameras are – increasing demand for real-time performance in video processing applications, increase in deployment of video-based surveillance systems for public safety and transportation systems and development in robotics technology.
Additionally, the market has witnessed an increasing adoption of embedded smart cameras for applications such as barcode inspection, object recognition, process monitoring and quality control.
This growing preference of organizations towards embedded smart cameras is expected to further propel the market growth.
However, these embedded smart cameras have their limitations as by bundling all of the capabilities of a machine vision system into one camera system, the developer is limited in the choice of image sensor, camera speed, processing power and software capabilities offered by any particular vendor.
Embedded Smart Cameras Market: Competition Landscape
Major players active in the embedded smart cameras market are Banner Engineering Corp., Microscan Systems, Inc., Tattile s.r.l., Samsung, National Instruments, Toshiba Teli Corporation, Teledyne DALSA Inc. and Stemmer Imaging Ltd.
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Key Segments of Embedded Smart Cameras Industry Survey
Embedded Smart Cameras Market by Component:
- Hardware
- Software
- Services
Embedded Smart Cameras Market by Application:
- Human & Animal Detection
- Surveillance
- Facial Detection
- Motion Analysis
- Others
Embedded Smart Cameras Market by Region:
- North America
- Latin America
- Europe
- Asia Pacific
- Middle East and Africa
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