Artificial Intelligence (AI) Camera Global Market Report 2024

The artificial intelligence (AI) camera market size has grown exponentially in recent years. It will grow from $14.43 billion in 2023 to $18.01 billion in 2024 at a compound annual growth rate (CAGR) of 24.9%. The growth observed in the historical period can be attributed to the evolution of computer vision technology, an increased demand for video analytics, growth in surveillance and security applications, the expansion of smart home devices, and a rise in industrial automation.

The artificial intelligence (AI) camera market size is expected to see exponential growth in the next few years. It will grow to $43.89 billion in 2028 at a compound annual growth rate (CAGR) of 24.9%. The anticipated growth in the forecast period can be attributed to the adoption of AI-powered facial recognition, advancements in processing power and speed, the integration of AI cameras in automotive systems, customization and personalization of AI camera features, and a heightened emphasis on privacy and ethical use of AI cameras. Major trends expected in the forecast period include advancements in deep learning algorithms, the development of edge computing capabilities, collaborations with 5G technology for enhanced connectivity, the integration of multimodal sensing in AI cameras, and the incorporation of edge AI for real-time processing.

The artificial intelligence (AI) camera market is poised for growth, driven by the increasing demand for monitoring and surveillance in commercial stores, coupled with a rise in occurrences of organized retail crime (ORC). Monitoring involves the continuous observation of individuals, locations, objects, or processes, while surveillance is focused monitoring by security authorities to gather evidence of criminal activities. AI cameras in commercial businesses play a crucial role in real-time monitoring of consumer movements, analyzing shopping trends, and enhancing store security to combat retail crime. In 2022, a survey by the National Retail Federation reported a 26.5% increase in organized retail crime occurrences in the US in 2021 compared to the previous year. The prevalence of violence and aggression associated with ORC incidents underscores the need for advanced surveillance solutions, driving the growth of the AI camera market.

The growth of the artificial intelligence (AI) camera market is further propelled by the increasing number of Internet of Things (IoT)-linked devices. IoT-linked devices are physical objects or systems embedded with sensors, software, and connectivity features, facilitating communication and data exchange. AI cameras integrated into IoT devices contribute to improved security, efficiency, and user experiences. A report by Ericsson highlighted that broadband IoT connections, linking cellular IoT devices, reached 1.3 billion in 2022, with a projected increase in broadband IoT connections to nearly 60% by 2028. The proliferation of IoT-linked devices, especially in North East Asia, is a key driver for the AI camera market's growth.

Technological innovations stand out as a prominent trend in the artificial intelligence (AI) camera market, with major companies focused on developing cutting-edge products. For example, D3, a US-based embedded design services and original design manufacturing company, launched the Design Core Velocity Series and Design Core Discovery Series in April 2023. These next-generation cameras cater to autonomous and industrial applications, featuring AI tuning optimized out-of-the-box and lenses for enhanced image quality. The off-the-shelf cameras are designed to boost signal resolution and accommodate various field-of-view lens choices, making them suitable for applications in autonomous machines, robotics, and industrial sensors.

Major companies in the artificial intelligence (AI) camera market are also investing in innovative products such as bi-spectrum AI cameras to expand their customer base, increase sales, and boost revenue. Hanwha Vision, a South Korea-based video surveillance company, introduced the TNM-C4940TD, TNM-C4950TD, and TNM-C4960TD AI cameras in June 2023. These cameras feature a dual-lens system capable of capturing both VGA thermal images and 4K visual images simultaneously. The thermal lens excels in perimeter detection under challenging conditions, providing clarity in low light or adverse weather. The incorporation of deep learning-based object detection and classification minimizes false alarms, ensuring reliable event monitoring.

In June 2023, Q-SYS LLC, a US-based manufacturer of professional audio and video system solutions, acquired Seervision AG. Seervision AG, based in Switzerland, specializes in AI-powered autonomous camera systems and intelligent software solutions. This strategic acquisition strengthens Q-SYS LLC's position in developing a scalable and flexible software platform with intelligent audio, video, and control technology, aligning with the demands of the post-pandemic hybrid work era. The acquisition reflects the market's focus on intelligent solutions and integrated technologies.

Major companies operating in the artificial intelligence (AI) camera market report are Amazon.com Inc., Google LLC, Sony Corporation, Panasonic Holdings Corporation, Cisco Systems Inc., Honeywell International Inc., Canon Inc., Johnson Controls Inc., Hangzhou Hikvision Digital Technology Co. Ltd., Zhejiang Dahua Technology Co. Ltd., Hanwha Vision, Teledyne Technologies Incorporated, Nikon Corporation, Avigilon Corporation, Bosch Security Systems Inc., Arlo Technologies Inc., Basler AG, Pelco Incorporated, Canary Connect Inc., Deep Sentinel Corp., Eagle Eye Networks Inc., Netatmo SAS, Arecont Vision Costar LLC, Huddly Group, Amcrest Industries LLC.

Asia-Pacific was the dominate region in the artificial intelligence market in 2023. The regions covered in the artificial intelligence (AI) camera market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the artificial intelligence (AI) camera market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Spain, Canada.

The main types of artificial intelligence (AI) cameras include smartphone cameras, surveillance cameras, digital single-lens reflex (DSLR) cameras, and others. Smartphone cameras refer to the cameras embedded in smartphones used for capturing images and recording video clips. The integration of artificial intelligence in smartphone cameras enhances the quality of photographs by recognizing subjects and locations, automatically adjusting camera settings to improve image quality. Technologies applied in these cameras include image or face recognition, voice or speech recognition, computer vision, and others. These technologies find application in various sectors, including banking, financial services, insurance (BFSI), healthcare, automotive, retail, government, logistics and transportation, military and defense, commercial spaces, media and entertainment, among others.

The artificial intelligence (AI) camera market research report is one of a series of new reports that provides artificial intelligence (AI) camera market statistics, including artificial intelligence (AI) camera industry global market size, regional shares, competitors with artificial intelligence (AI) camera market share, detailed artificial intelligence (AI) camera market segments, market trends and opportunities, and any further data you may need to thrive in the artificial intelligence (AI) camera industry. This artificial intelligence (AI) camera market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.


The artificial intelligence (AI) camera market consists of revenues earned by entities by providing access control, crime prevention, and capacity measurement. The market value includes the value of related goods sold by the service provider or included within the service offering. The artificial intelligence (AI) cameras market also includes sales of thermal cameras, digital cameras, infrared cameras, and outdoor cameras. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).


The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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