San Francisco, Ca (USA)
A growing adoption of artificial intelligence (AI) across various industrial spheres is translating into a massive traction gain for the AI camera market as these devices transform the way visual content is captured and created, providing a range of advanced capabilities and features. And, according to Grand View Research, the global AI camera market size is expected to reach USD 47.02 billion by 2030, registering a huge CAGR of 21.6% from 2025 to 2030.
The introduction of new developments and innovations coupled with increasing applications across various verticals is expected to open ample growth opportunities for the AI camera industry in the coming years.
AI cameras are delivering improved image quality that is poised to push the boundaries of artistic expression, from scene identification and object recognition to creative filters and image augmentation. By way of example, the researchers say that in June 2023, Holowits Technologies Pte. Ltd. launched a new Holowits AI camera which offers extensive coverage and enhanced video analysis performance. It supports real-time incident processing and post-event queries with the use of advanced intelligence analytical technologies including behavior analysis and target search. The integration of AI technology will enhance the outlook of the photography and videography industry, creating lucrative growth prospects for the market.
Smart cities and surveillance
The expansion of the market for AI cameras is being largely influenced by the product adoption of security and surveillance in several cities across the globe. Increased urbanization and a growing population translating to the rising number of people and vehicles through the city streets has instigated the need for surveillance cameras. However, the surge in the number of surveillance cameras is subsequently creating large amounts of data, posing a challenge for the operators. AI cameras, in this case, are able to help improve operator efficiency to a greater extent. They perform advanced analytical functions such as person detection, face detection, vehicle detection, people counting, traffic counting, and license plate recognition.
In fact, in terms of type, the research finds that the surveillance cameras segment accounted for the largest market share in 2024 owing to the increasing product demand driven by its ability to analyse real-time video feeds, detect potential threats, automate monitoring, facial recognition, traffic control, and management, etc. Add to that, the recognition technology segment accounted for the highest market share in 2024. This image and face recognition technology is being increasingly used in security cameras across several major cities and is becoming a ubiquitous smartphone feature.
Vertical demand
The consumer electronics segment is expected to the vertical recording the most significant growth over the forecast period because of the wide availability of AI cameras in this domain, from point-and-shoot models to DSLRs with high-end features.
Geographically, North America captured a sizeable revenue share in 2024 due to considerable demand for technologically advanced devices in the region. In addition, there is a growing awareness about safety and security surveillance, which is also driving the market growth.
Major players
The analysts cite various businesses that are active in this sector, including companies such as, AV Costar, Axis Communications, Bosch Security Systems, Canon, Hangzhou Hikvision, Honeywell International, Huawei Technologies, Johnson Controls, LG Electronics, Nikon Corporation, Panasonic Holdings, Samsung Electronics, Sony Corporation and Teledyne Flir.
Source: SECURITY WORLD MARKET