The embedded smart cameras market is poised for remarkable growth, with a projected CAGR of 34.2% expected between 2023 and 2033. This surge in growth is anticipated to, reaching approximately US$ 1,24,725.1 million by 2033
The ascending trajectory of the embedded smart cameras market can be attributed to the escalating demand for advanced surveillance and monitoring solutions across various industries.
As technological advancements continue to drive innovations in the field of imaging and sensor technologies, embedded smart cameras are becoming increasingly integral to applications such as security, automotive systems, and industrial automation. The robust CAGR underscores the growing significance of these intelligent cameras in shaping the future of visual sensing and analytics, offering a wide range of capabilities that cater to evolving industry needs.
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These are the devices that are equipped with high-performance onboard computing and communication infrastructure, combining video sensing, processing, and communications in a single embedded device.
Embedded smart cameras provide access to a 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.
Key Takeaways from the Embedded Smart Cameras Market Report:
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.
Embedded Smart Cameras Market: Market Dynamics:
Major factors that 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.
Leading Key Players:
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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Embedded Smart Cameras Market Segmentation:
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Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market.
Feb 11, 2024
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