Pune, India, November 2019, MRFR Press Release/- Market Research Future has published a Half-Cooked Research Report on the Global AI Camera Market.
Various existing and emerging smartphone and camera manufacturers are partnering with internet and technology giants such as Google, Microsoft, Amazon, and Baidu to enable the integration of artificial intelligence and related technologies into their product line. The artificial intelligence in the consumer electronics sector has provided companies to rely on artificial intelligence for improving the quality of camera, surveillance, security, and optimize real-time image processing.
According to Market Research Future, the global AI camera market has been segmented based on type, technology, and region. By type, the AI camera market has been segmented into a smartphone camera, surveillance camera, DSLRs, and others. Among the types, the smartphone camera segment dominated the AI camera market and is also expected to continue its dominance throughout the forecast period. Smartphones enabled with AI cameras have seen a high adoption rate in recent years. Consumers prefer smartphones to capture pictures, perform video calls, and record videos. Artificial intelligence integrated with smartphone cameras allows the consumer to adapt to the landscape/scene while clicking, add filters to the live video, and detect and maintain the intensity of light. With these factors, consumer preference for artificial intelligence-enabled smartphones is high.
By technology, the AI camera market has been segmented into computer vision, image/face recognition, speech/voice recognition, and others. By technology, image/face recognition technology was dominating segment in 2018. Image recognition is the ability of software to identify objects, places, people, writing and actions in images. Computers use machine vision technologies in combination with a camera and artificial intelligence software to achieve image recognition. However, the computer vision technology segment is expected to lead by the end of the forecast period. This is majorly due to the increasing application of computer vision for the improvement of consumer interface in cameras.
By region, the AI camera market has been segmented into North America, Europe, Asia-Pacific, the Middle East & Africa, and South America. North America is the dominating region due to the early adoption of artificial intelligence technology. However, Asia-Pacific remains the region with the highest CAGR during the forecast period.
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The key players in the AI camera market are identified across all the major regions based on their country of origin, presence, recent key developments, product diversification, and industry expertise. Some of them are Samsung Electronics, Sony Corporation, Xiaomi Inc, Honeywell International, Canon Inc, Nikon Corporation, Huawei Technology Co. Ltd, LG Electronics, Google LLC, HikVision, Apple Inc., Fujitsu Ltd, Huddly AS. These players contribute significantly to market growth. Apart from the top key players, the other players contribute nearly 25–30% in the AI camera market.