The Asia Pacific AI Camera Market would witness market growth of 23.8% CAGR during the forecast period (2023-2030). In the year 2021, the Asia Pacific market's volume surged to 8,906.3 thousand units, showcasing a growth of 21.2% (2019-2022).
AI-powered cameras have greatly enhanced security and surveillance systems. They can detect unusual activities, identify individuals, and send real-time alerts, making them invaluable for residential and commercial applications. These systems have essential capabilities, including license plate identification, facial recognition, and object tracking, that enhance public safety and property protection. The integration of AI cameras into vehicles has been a game-changer. They provide advanced driver-assistance systems (ADAS), helping in lane-keeping, adaptive cruise control, and even autonomous driving. These cameras enhance road safety and improve the overall driving experience. In addition, AI cameras assist with parking and provide 360-degree views for a comprehensive understanding of the vehicle's surroundings.
AI cameras have revolutionized the retail industry. They help retailers track customer behavior and preferences, optimize store layouts, and enable cashier-less checkout experiences. Facial recognition in retail stores provides a personalized shopping experience and enhances security by identifying potential shoplifters. In healthcare, AI cameras have made diagnostics and patient care more efficient. They are used for telemedicine, tracking patients' vital signs, and monitoring compliance with medical protocols. For example, AI cameras can assess a patient's pulse and respiratory rate from a distance, early detecting critical conditions. In the entertainment industry, AI cameras are used for live event broadcasting, augmented reality (AR) experiences, and virtual reality (VR) content creation. They enable real-time object tracking, 3D modelling, and special effects generation, enhancing viewers' immersion in gaming and cinematic experiences.
As per Invest India, in FY17, the hospital industry in India was worth $ 61.79 billion, and it is projected to reach $ 132 billion by 2023. In India, AI cameras are used for medical imaging, aiding in the early detection and diagnosis of diseases. They enhance diagnostic accuracy and speed up the interpretation of medical images. In India, AI cameras can track and monitor disease outbreaks and ensure compliance with public health measures. In India, AI cameras in consumer electronics devices like smart TVs and gaming consoles offer gesture recognition, voice control, and personalized content recommendations. All these factors will uplift the regional market in coming years.
The China market dominated the Asia Pacific AI Camera Market by Country in 2022 and would continue to be a dominant market till 2030; thereby, achieving a market value of $2,934.1 million by 2030. The Japan market is registering a CAGR of 23.1% during (2023 - 2030). Additionally, The India market would experience a CAGR of 24.6% during (2023 - 2030).
Based on Component, the market is segmented into Hardware, Software and Services. Based on Type, the market is segmented into Surveillance Cameras, Smartphone Cameras, Digital Cameras, Industrial Cameras and Others. Based on Technology, the market is segmented into Image/Face Recognition, Computer Vision, Voice/Speech Recognition, Context Awareness and Others. Based on Vertical, the market is segmented into Consumer Electronics, Government & Law Enforcement, Sports, Healthcare, Agriculture, Retail, Transportation, Automotive, Manufacturing and Others.Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Global AI Camera Market is Predict to reach USD 38 Billion by 2030, at a CAGR of 22.9%
The market research report covers the analysis of key stakeholders of the market. Key companies profiled in the report include 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 Country (Volume, Thousand Units, USD Million, 2019-2030)
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