Market HighlightsMarket Research Future reports portray that the Global AI Camera Market 2020 would reach USD 21.58 Billion of its expected related valuation by 2025, above its former valuation of USD 4.96 Billion. The expected rate of growth for the market is calculated to be 23.8% CAGR during the years from 2018 to 2025.
Regional Outlook
Regionally, [FURL=https://www.marketresearchfuture.com/reports/ai-camera-market-8549]AI Camera System Market[/FURL] has further been studied among the critical regions of the Middle East & Africa, North America, Asia-Pacific, Europe, and South America.
Among these regions, the region of North America is leading the artificial intelligence camera market with the highest adoption rate. The essential factors influencing the growth of the AI camera market in North America are directed towards the incorporation of artificial intelligence technology in the consumer retail sector, electronic devices, surveillance systems, and law enforcement.
After the North America region, the next is the Asia-Pacific region, which sees a significant development of the market’s status in the present years. The market in especially China and Japan countries have a considerable market share for AI camera. China has seen significant developments in AI cameras in terms of surveillance, consumer electronics, and the retail sector. Thus, China contributes approximately 40% of the production of CCTV cameras across the globe.
With this, Asia-Pacific is also probable to become the fastest-growing regional market during the forecast period.
Market Key Players
The Global AI Camera Market includes the popular contributors, and they are Apple Inc, Sony Corporation, Xiaomi Inc, Samsung Electronics, Canon Inc, Nikon Corporation, Honeywell International, LG Electronics, Huawei Technology Co Ltd, HikVision, Google LLC, Fujitsu Ltd, Huddly AS.
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