North America 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

North America 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 North America AI Camera Market would witness market growth of 22.1% CAGR during the forecast period (2023-2030). In the year 2019, the North America market's volume surged to 7,705.6 thousand units, showcasing a growth of 19.7% (2019-2022).

The healthcare sector is experiencing a transformational transition towards digitalization and automation. AI cameras with sophisticated computer vision capabilities are poised to play a pivotal role in this transformation by enhancing patient care, optimizing processes, and enhancing the overall outcomes of healthcare. Cameras powered by artificial intelligence can provide high-definition video and audio for telemedicine consultations, thereby improving the quality of remote healthcare interactions. AI cameras can capture high-resolution images of skin conditions and wounds, assisting dermatologists and wound care specialists with diagnosis and treatment planning.

Smartphone manufacturers are incorporating artificial intelligence and deep learning technologies into their products to produce high-resolution images. These AI-powered smartphone cameras recognize things and use AI filters to produce higher-quality images. Smartphone cameras also enhance low-resolution images by automatically anticipating missing pixels. These cameras produce high-resolution, full-screen images of superior quality. They are also used for user identification, emotion recognition, device management, and other functions. As a result of these characteristics, the demand for these cameras in devices drives market expansion. AI technology-based cameras in smartphones and tablets drive the market's growth, along with increasing use in consumer electronics devices, including smartphones, tablets, computers, and laptops.

U.S. Government Accountability Office (GAO) released its survey results on facial recognition technology (FRT) activities in August 2021, revealing that 18 of 24 agencies reported using FRT for one or more purposes, with digital access and domestic law enforcement being the most prevalent in the United States. The U.S. region strongly demands security and surveillance solutions; facial recognition is a key component. Facial recognition technology is used by U.S. border control and immigration authorities to confirm visitors' identities and improve border security. Due to these aspects, the market will grow further across the North America region.

The US market dominated the North America AI Camera Market by Country in 2022 and would continue to be a dominant market till 2030; thereby, achieving a market value of $9,450.3 million by 2030. The Canada market is experiencing a CAGR of 24.8% during (2023 - 2030). Additionally, The Mexico market would exhibit a CAGR of 23.8% 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 U.S., Mexico, Canada, and Rest of North America.

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)

• US
• Canada
• Mexico
• Rest of North America

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.

Unique Offerings from KBV Research

• Exhaustive coverage
• Highest number of market tables and figures
• Subscription based model available
• Guaranteed best price
• Assured post sales research support with 10% customization free