NEW YORK, March 3, 2016 /PRNewswire/ --"Increased demand of security & surveillance in various industries is the key driver for the growth of the global smart camera for security & surveillance market"
The global smart camera for security & surveillance market is expected to grow from USD 1.93 billion in 2015 to USD 3.06 billion by 2020, at a CAGR of 9.7% between 2015 and 2020. The major driver for the global smart camera for security & surveillance market is the increasing usage of smart cameras for security & surveillance applications, such as public spaces, military & defense, transit facilities, commercial facilities, enterprise & government infrastructure, and residential infrastructure. Easy installation and advanced monitoring features offered by smart cameras are the factors contributing towards the growth of the global smart camera for security & surveillance market.
"The CMOS subsegment of the sensor technology segment is expected to lead the global smart camera for security & surveillance market from 2015 to 2020"
The CMOS subsegment is expected to lead the sensor technology segment of the global smart camera for security & surveillance market between 2015 and 2020. Smaller size, low power consumption, ease of integration, faster frame rate, and lower manufacturing cost of CMOS sensors are the factors expected to contribute towards the growth of this subsegment during the forecast period.
"The Asia-Pacific smart camera for security & surveillance market is projected to grow at the highest CAGR during the forecast period"
The Asia-Pacific smart camera for security & surveillance market is expected to grow at the highest CAGR during the forecast period, owing to increased usage of smart cameras for various applications. This growth can be attributed to increased technological developments taking place in the region and emergence of the Asia-Pacific region as a manufacturing hub for smart cameras.
Break-up of the profile of primary participants is as follows:
Break-up of the profile of primary participants:
- By Company Type: Tier 1 - 57%, Tier 2 - 26%, and Tier 3 - 17%
- By Designation: C-level - 65%, Director-level - 25%, and Others - 10%
- By Region: Asia-Pacific - 40%, North America - 30%, Europe - 20%, and RoW - 10%
The key players in the global smart camera for security & surveillance market are FLIR Systems, Inc., Canon Inc., Samsung Techwin Co., Ltd., Sony Corporation, Panasonic Corporation, Bosch Security Systems, Inc., Raptor Photonics Ltd, and Watec Co., Ltd.
Reasons to Buy the Report:
The report will help the market leaders/new entrants in this market in the following ways:
1. This report segments the global smart camera for security & surveillance market comprehensively and provides the closest approximations of the revenue numbers for overall market and various subsegments across different verticals and regions.
2. The report helps stakeholders to gauge the pulse of the market and provides them information on key market drivers, restraints, challenges, and opportunities.
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