BANGALORE, India, July 11, 2024 /PRNewswire/
-- Camera SOC Market is Segmented by Type (1080P,
2K, 4K,
8K), by Application (Automotive
Camera, Action Camera, Panoramic Camera, IP Camera): Global
Opportunity Analysis and Industry Forecast, 2023-2029.
Global Camera SOC market is projected to reach USD 3016.6 Million in 2029, increasing from
USD 1733 Million in 2022, with a CAGR
of 8.5% during the period of 2023 to 2029.
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Major Factors Driving the Growth of Camera SOC
Market:
The market for camera System-on-Chip (SoC) is expanding
significantly as a result of the growing integration of cameras in
a variety of consumer electronics, including as tablets,
smartphones, and smart home appliances. Camera SoCs improve speed
and save power by combining many functions, including image
processing, on a single chip. The need for improved camera SoCs is
being driven by the emergence of social media and the rising
popularity of high-resolution photography and video recording. The
expansion of surveillance cameras in security applications and the
automotive industry's embrace of camera-based driver assistance
systems are also driving market growth.
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TRENDS INFLUENCING THE GROWTH OF THE CAMERA SOC
MARKET:
The market for Camera SoCs is expanding as a result of IP
cameras adopting 1080p resolution, which improves picture quality
and detail—a critical component for surveillance and security
applications. Better identification and monitoring are made
possible by the sharper footage produced by high-definition 1080p
cameras. Because home and business security systems depend on this
enhanced picture quality, there is a growing need for sophisticated
Camera SoCs that can handle these kinds of high resolutions. The
need for higher-end surveillance capabilities is driving growth in
the market for Camera SoCs that support 1080p resolution.
The market for Camera SoCs is expanding due to the emergence of
2K and 4K resolutions, which are raising the bar for
picture quality in a number of applications such as consumer
electronics, security, and professional video production. These
higher resolutions are very desirable for capturing tiny details
and enhancing overall visual experiences since they provide
noticeably improved image clarity and detail when compared to
normal HD. Advanced SoCs with effective data processing and
transmission capabilities are required due to the growing
popularity of 2K and 4K cameras. The market is growing because of this
need, which drives the creation and commercialization of advanced
Camera SoCs.
The growth of the Camera SoC market is primarily driven by
automotive cameras, which play a crucial role in advanced driver
assistance systems (ADAS) and autonomous driving technologies. To
interpret real-time video data for applications like lane departure
alerts, accident avoidance, and parking assistance, these cameras
need high-performance SoCs. The need for strong Camera SoCs is
rising as cameras are being integrated into cars more and more to
improve safety and allow for autonomous functions. The market for
Camera SoCs in automotive applications is growing significantly as
the sector prioritizes safety features and keeps innovating.
Any further significant element propelling the growth of the
Camera SoC market is the proliferation of security and surveillance
systems. The installation of surveillance cameras has increased
dramatically as a result of the growing need for reliable security
solutions in the public, commercial, and residential domains. For
monitoring and security applications, these systems need to provide
crisp, dependable footage, which can only be provided by
high-quality Camera SoCs. The market for Camera SoC is being driven
ahead by the increased emphasis on property security, criminal
prevention, and public safety, which is driving up demand for
sophisticated surveillance cameras.
The market for Camera SoC is expanding at a substantial rate
thanks in part to the proliferation of smart home appliances. The
increased customer interest in home automation and security is
driving the popularity of smart home security systems, baby
monitors, and doorbell cameras. For these devices to provide
flawless connection and high-quality video streaming, Camera SoCs
must be dependable and effective. Sophisticated Camera SoCs are
being developed and used at a faster rate due to the growing need
for superior camera technology incorporated into smart home
devices.
The market for Camera SoC is expanding as a result of the
widespread use of drones for delivery services, photography,
videography, and surveillance. Drones need small, light, and
powerful camera systems that can record and take excellent
pictures. For drones to handle visual data effectively, advanced
camera SoCs are necessary. The market is growing as a result of the
increasing usage of drones in many sectors and the resulting demand
for high-performance Camera SoCs to improve imaging
capabilities.
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CAMERA SOC MARKET SHARE:
The camera SoC market is comparatively concentrated worldwide,
with the top 5 global firms holding a market share of more than
50%.
From a production standpoint, mainland China, Taiwan, and the
United States account for the majority of the world's camera
SoC firms, with a combined market share of over 75%.
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Key Companies:
- ISP Co
- Qualcomm Inc
- Ambarella
- Hisilicon
- TI
- NXP
- Ingenic Semiconductor
- SigmaStar
- AllwinnerTechnology
- Novatek
- Rockchip
- Axera Technology
- Shanghai Fullhan Microelectronics
- ASR Microelectronics
- VATICS
- Vimicro Corporation
- Nextchip
- Axis Communications
- FATRI (Xiamen)
Technologies
- Shenzhen Grandhan
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DISCOVER MORE INSIGHTS: EXPLORE SIMILAR REPORTS!
- IP
Camera SoC Market
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global video surveillance market size was valued at
USD 42.94 Billion in 2019, and is
projected to reach USD 144.85 Billion
by 2027, registering a CAGR of 14.6% from 2020 to 2027.
-
On-camera Monitor market is projected to reach USD 113.5 Million in 2029, increasing from
USD 86 Million in 2022, with a CAGR
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Camera Drones market was valued at USD
5474.7 Million in 2023 and is anticipated to reach
USD 19520 Million by 2030, witnessing
a CAGR of 20.6% during the forecast period 2024-2030.
- Network
Video Surveillance SoC Chip Market
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Network Video Surveillance SoC Chip Market
- IPC SoC
Front-End Chip Market
-
Multispectral Imager market is projected to reach USD 56970 Million in 2029, increasing from
USD 14530 Million in 2022, with a
CAGR of 20.9% during the period of 2023 to 2029.
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Trailer and Camper Market
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Monitoring Chip Market
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4K Video Decoding Chip Market
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Flat-Field Scanning Lens market was valued at USD 276 Million in 2023 and is anticipated to
reach USD 366.5 Million by 2030,
witnessing a CAGR of 4.1% during the forecast period 2024-2030.
-
Consumer-Grade Aerial Photography Drone market was valued at
USD 2868 Million in 2023 and is
anticipated to reach USD 25440
Million by 2030, witnessing a CAGR of 36.6% during the
forecast period 2024-2030.
-
Multispectral Imaging System Market
- Portable
Multispectral Imagers Market
- Laser
Scanning Lenses Market
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Panoramic Camera Market
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