According to the latest report, the global weatherproof camera market value in the year 2018 was USD 17 billion. However, now the market for such a camera is expanding at the highest Compound Annual Growth Rate. So, the market experts have predicted that by the end of 2024, the market value will cross USD 25 billion. Besides, the expected CAGR will be around 7.2 percent during the forecast period. The primary reason behind this can be the growing usage rate of such cameras for different purposes across the world.
A camera is a device which captures and store images or photographs using the electronic image sensor technology. The device comes with a lens and a diaphragm, which are generally utilized to adjust the lighting of the image sensor. Now, as the name suggests, weatherproof camera can be used under any type of weather condition. These cameras are used to detect any kind of motion and produce alarms. The cameras support security features at home or workplace in adverse environments. The cameras are used to take good quality footage.
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Major Key Players
* Vicon Motion Systems
* Arlo
* FLIR Systems
* Honeywell International
* Shenzhen Heshi Technologies
* Nest Cam
These types of cameras are highly resistant to water and can work correctly under all-weather conditions. The market research study informs that growing city infrastructure is expected to trigger market growth across the world. Some significant factors, such as growing urbanizations, infrastructural development, business expansion throughout the world, etc. are expected to drive market growth during the forecast period. On the other side, government initiatives about citizens’ safety is also boosting this camera market growth throughout the world. Technological advancement is also forecasted to drive the weatherproof camera market.
Global Market Segmentation Analysis
The global market for the weatherproof camera is segmented based on product type, range, application conditions, or end-use and regions. Based on product type, it is split into high-speed cameras, dome, IR bullet, and others. Among these, the high-speed cameras segment is expected to dominate this market segment in the coming years owing to the increasing demand for such cameras. Now coming to the camera-range based segment, it is divided into 50 feet, 100 feet, and 100 feet above. Well, the dominating segment is the 100-feet above range cameras. Considering the application, it is split into residential, commercial, industrial and others. The residential segment is expected to witness maximum market share.
Regional Analysis
The worldwide market for weatherproof camera, based on geography, is divided into Middle East and Africa, Europe, North America, South America, and Asia Pacific. Moreover, this market report also consists of various country-level market analysis of different countries who are currently dominating the market. The countries are France, the United Kingdom, Russia, the United States, China, Canada, France, Korea, Saudi Arabia, Mexico, South Africa, Italy, Germany, India, Japan, Brazil, Argentina, GCC Countries, and others. As per the statistical data given in the report, the Asia Pacific region is expected to emerge as the fastest-growing regional market across the world. The reason is it houses some key manufacturers.
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