Smart Camera Market for Security & Surveillance Worth 3.06 Billion USD by 2020
PUNE, India, February 22, 2016 /PRNewswire/ --
The report "Smart Camera Market for Security & Surveillance by Application (Public Spaces, Commercial Facilities, Residential Infrastructure), Sensor Technology, Scanning Technology, and Region (Americas, Europe, APAC) - Global Forecast to 2020", published by MarketsandMarkets, the global 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% from 2015 to 2020.
Browse 43 market data Tables and 35 Figures spread through 82 Pages and in-depth TOC on "Smart Camera Market for Security & Surveillance"
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The major driver for the global smart camera for security & surveillance market is the increasing usage of Smart Cameras Market for security & surveillance applications. Easy installation and advanced monitoring features offered by smart cameras are the factors leading to the growth of this market. On the basis of application, the global smart camera for security & surveillance market has been segmented into public spaces, military & defense, transit facilities, commercial facilities, enterprise & government infrastructure, and residential infrastructure.
The public spaces application segment of the global smart camera for security & surveillance market is projected to grow at the highest CAGR from 2015 to 2020:
Smart cameras used for security & surveillance applications are continuously undergoing technical advancements to obtain better quality imaging. Growing concern for security & surveillance in public spaces, such as railway station, public squares, and parks is one of the factors driving the demand for smart cameras, globally. Moreover, there has been an increase in terrorist activities worldwide, with innocent civilians being majorly targeted. Acknowledging this fact, various countries across the globe are modernizing their conventional anti-terror equipment and adopting latest technologies to mitigate security lapses. Manufactures are also developing technologically advanced cameras that can provide wide range coverage in open areas and crowded places. Thus, the increased demand for better quality cameras for security & surveillance is driving the global smart camera for security & surveillance market.
The CMOS subsegment of the sensor technology segment is projected to lead the global smart camera for security & surveillance market during the forecast period:
The CMOS subsegment of the sensor technology segment is projected to lead the global smart camera for security & surveillance market during the forecast period. CMOS image sensors are the most preferred sensors, owing to their smaller size, low power consumption, ease of integration, faster frame rate, and lower manufacturing cost.
The area scan subsegment of the scanning technology segment is expected to grow at the highest CAGR from 2015 to 2020:
The area scan subsegment of the scanning technology segment of the global smart camera for security & surveillance market is projected to grow at the highest CAGR during the forecast period. The technical advantage of area scan cameras is that these cameras are capable of reading image as a whole and capture images of preset resolution in both directions, that is, in terms of length and width of an object. These cameras use arrays of sensitive pixels to create images and uses rectangular sensors to capture the image. Due to these technical advantages, smart cameras are increasingly used in the sectors, such as public spaces, military & defense, transit facilities, commercial facilities, enterprise & government infrastructure, and residential infrastructure.
The Asia-Pacific region is projected to lead the global smart camera for security & surveillance market and grow at the highest CAGR during the forecast period:
In 2014, the Asia-Pacific region held the largest share in the global smart camera for security & surveillance market. The Asia-Pacific smart camera for security & surveillance market is expected to grow at the highest CAGR between 2015 and 2020. This growth can be attributed to the technological developments taking place in this region. Besides, the Asia-Pacific region is also emerging as manufacturing for smart cameras.
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The leading 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.
This report describes the market trends, drivers, and challenges with respect to the global smart camera for security & surveillance market and forecasts the market till 2020. This global report provides a detailed view of the market across the four regions, namely, the Americas, Europe, Asia-Pacific, and rest of the world (RoW).
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