Authored By: Sarah
28 Jul 2023

Global AI Camera Market to grow by USD 6498.16 mn through 2023-2027  

The exigency for surveillance and security across smart cities, followed by the advent of smart AI-based surveillance, to mitigate criminal activities and terrorist attacks has influenced the demand for Artificial Intelligence (AI) Camera across the world. When it comes to the Global AI camera market size it is forecasted to grow at a CAGR of 12.04% between 2022 and 2027 with a revenue growth of USD 6,498.16 million.

"Technavio's report captures the growth trajectory of the market that is traced through a detailed analysis of the prevalent market forces, trends, and drivers along with competitive benchmarking."

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 AI Camera Market at a Glance

Navigating through the growth drivers of the AI Camera Market: It is observed that smart cities utilize advanced technologies to improve infrastructure performance and enhance communication, cost-efficiency, and quality of life with the incorporation of surveillance and security across smart cities. 

Axis Communications, a subsidiary of Canon, offers surveillance solutions adopted by smart cities worldwide.

In countries like India and China,  the demand for AI cameras is on the rise owing to the growing number of smart cities. Get a comprehensive report summary describing the market landscape in our data-backed report that captures the growth trajectory of the market.

Key companies:  Market players  Vendors are focusing on improving their solutions and developing new solutions. Hence, they are adopting strategic alliances. Some key strategic partnerships in the global AI camera market.

For instance, In November 2022,, the computer vision intelligence company, announced a partnership with Axis Communications to integrate the Platform and Axis Network Cameras to provide advanced threat detection solutions and enhance physical security.

Prominent names worth mentioning are Basler AG, Canon Inc.Cisco Systems Inc., Hangzhou Hikvision Digital Technology Co. Ltd., Hanwha, Honeywell International Inc.Huddly Group, Johnson Controls International Plc., MOBOTIX AG, Nikon Corp., Panasonic Holdings Corp., Pelco Inc., etc. Our report includes qualitative and quantitative analyses of vendors with a wider understanding of the business ecosystem. Download a sample report today.

The report provides insights into the following FAQs:

  1. What is the market CAGR?
    The market is accelerating at a CAGR of 12.04%.

  2. What is the incremental growth of the market?
    The market is expected to grow by USD 6,498.16 mn through 2023-2027.

  3. What is a key factor driving this market?
    The need for surveillance and security across smart cities will drive market growth over the forecast period.

  4. What are the key regions covered in this market research report?
    APAC, North America, Europe, South America, and the Middle East and Africa are the key regions featured in this research report.

  5. Which is the leading geographic region for this market:
    44% growth will originate from APAC

  6. What are the market segments covered in this report?
    The market is segmented by Type (Smartphone cameras, Surveillance cameras, and DSLR/Car dash Cam/Others), Application (Entrance exit surveillance camera for store supermarkets, Anomaly detection cameras for factories and work sites, Camera for elevators, and Industrial and others), and Geography (APAC, North America, Europe, South America, and Middle East and Africa)
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