Europe AI Camera Market Size, Share & Industry Trends Analysis Report By Component (Hardware, Software and Services), By Type, By Technology, By Vertical, By Country and Growth Forecast, 2023 - 2030

Europe AI Camera Market Size, Share & Industry Trends Analysis Report By Component (Hardware, Software and Services), By Type, By Technology, By Vertical, By Country and Growth Forecast, 2023 - 2030

The Europe AI Camera Market would witness market growth of 22.5% CAGR during the forecast period (2023-2030). In the year 2020, the Europe market's volume surged to 5,515.4 thousand units, showcasing a growth of 20.2% (2019-2022).

The increasing adoption of AI-capable cameras in connected devices and smartphones is driving opportunities for market expansion. Connected smart devices incorporate cameras with artificial intelligence, deep learning, and a high resolution. The Internet of Things (IoT), AI, and other cutting-edge digital technologies are incorporated into these cameras to enhance individual and corporate security. The camera industry relies heavily on discretionary income from consumers. Increasing customer demand for smartphone AI-based camera features is fueling the market expansion.

The adoption of AI cameras is driven by the rising demand for sophisticated security and surveillance systems in various commercial, industrial, and residential industries. The industrial sector increasingly employs AI-powered cameras to increase productivity and safety. AI cameras are used in manufacturing and logistics for process optimization, quality control, and safety monitoring. These cameras can detect product defects on assembly lines and monitor worker safety compliance.

AI cameras are essential for autonomous vehicles, providing real-time perception of the vehicle's surroundings. They help with navigation, obstacle detection, and decision-making, moving the UK closer to autonomous transportation. The growing automotive sector in the UK is a hotbed of innovation and investment in AI camera technology. As the demand for safer and more autonomous vehicles continues to rise, the AI camera market is poised to expand in the UK, contributing to advancements in automotive safety and transportation efficiency. The factors mentioned above will drive the regional market growth.

The Germany market dominated the Europe AI Camera Market by Country in 2022 and would continue to be a dominant market till 2030; thereby, achieving a market value of $2,534.1 million by 2030. The UK market is exhibiting a CAGR of 21.5% during (2023 - 2030). Additionally, The France market would experience a CAGR of 23.4% 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 Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.

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.

Scope of the Study

Market Segments covered in the Report:

By Component

• Hardware
• Software
• Services

By Type (Volume, Thousand Units, USD Million, 2019-2030)

• Surveillance Cameras
• Smartphone Cameras
• Digital Cameras
• Industrial Cameras
• Others

By Technology

• Image/Face Recognition
• Computer Vision
• Voice/Speech Recognition
• Context Awareness
• Others

By Vertical (Volume, Thousand Units, USD Million, 2019-2030)

• Consumer Electronics
• Government & Law Enforcement
• Sports
• Healthcare
• Agriculture
• Retail
• Transportation
• Automotive
• Manufacturing
• Others

By Country (Volume, Thousand Units, USD Million, 2019-2030)

• Germany
• UK
• France
• Russia
• Spain
• Italy
• Rest of Europe

Companies Profiled

• 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
• Samsung Electronics Co., Ltd.

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