PUBLISHER: Knowledge Sourcing Intelligence | PRODUCT CODE: 1627895
PUBLISHER: Knowledge Sourcing Intelligence | PRODUCT CODE: 1627895
The artificial intelligence (AI) camera market is projected to grow at a CAGR of 22.84% over the forecast period, increasing from US$6.581 billion in 2025 to US$34.128 billion by 2030.
AI camera is a type of device that includes artificial intelligence software integrated into the main camera system. The AI-enabled cameras offer multiple key benefits compared to basic cameras, including better image quality, face & object recognition, and enhanced surveillance.
The rising demand for consumer electronics worldwide is among the major factors propelling the AI camera market expansion during the forecasted timeline.
The production of consumer electronics in Japan witnessed a growth of about 104% in August 2024 compared to August 2023. In August 2024, the total production of consumer electronics in the nation was recorded at YEN 892,282 million, as stated by the Japan Electronics and Information Technology Industries Association.
AI in camera market drivers
The increasing demand and ownership of mobile and smartphones in the global demand is among the key factors propelling the utilization of AI cameras. The GSMA, a global non-profit organization in the mobile industry, stated that in 2022, the total smartphone ownership in the global market was 76% and will reach 92% by 2030.
Furthermore, the International Telecommunication Union, in its global report, stated that in 2023, the total mobile phone ownership was recorded at 78%. The agency further stated that in Europe and the Americas, the total mobile phone ownership was recorded at 93% and 88%, respectively. In the Arab States and Asia Pacific region, mobile phone ownership was recorded at 82% and 75%, respectively.
The Artificial Intelligence (AI) Camera market in the United States is rapidly expanding owing to the rapid technological breakthroughs in AI and surging demand for intelligent surveillance systems. The capabilities of cameras have increased significantly by including AI and machine learning. These now include object detection, facial recognition, and behavior analysis.
These developments have allowed data to be processed in real-time, and thus, AI cameras have become important in any industry requiring prompt decisions, such as security and retail. These cameras are applied in many sectors, including public safety, smart homes, automotive systems, and retail settings. For instance, in retail, AI cameras analyze customer behavior to maximize store layouts and marketing techniques. In security applications, they can rapidly identify possible risks and improve surveillance capabilities.
Growing demand for smart home devices and developing smart city projects further fuel the demand for AI cameras. These cameras are embedded with IoT technologies to create connected environments, enhancing automation and energy efficiency. In 2024, some communities in the United States advanced their smart city efforts using technology for better urban living, sustainability, and connectivity.
For instance, Seattle was declared the brightest city in the United States for 2024, having a strong focus on infrastructure and sustainability related to technology. The city has several AI and IoT enterprises, has greatly increased its tree cover, and is developing electric vehicle (EV) charging stations. Seattle's initiatives focus on how to make technology an everyday component of life, with public services and environmental outcomes as well.
As the market matures, innovations such as multimodal sensing, advanced learning algorithms, and enhanced video analytics will probably define the future landscape of AI cameras, making them indispensable tools across various sectors.
The surging demand for advanced surveillance solutions in various sectors mainly dominates the U.S. AI camera market. Increasing security concerns motivate organizations to invest in AI cameras, providing features like facial recognition, object detection, and real-time analytics. This is of particular interest in law enforcement and public safety applications where AI technology provides improved monitoring and response time. Moreover, the interconnection of AI with smart devices and the IoT system enables the emergence of smarter environments, enhancing market growth.
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