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  According to  Future Market Insights  new market research report, “ Smart Camera Market: Global Industry Analysis and Opportunity Assessment 2015 – 2020 “, the global smart camera market is anticipated to witness a stellar compound annual growth rate (CAGR) of 23.84% through 2020, and reach a valuation of  US$ 9,829.1 Mn ; the global smart camera market was valued at  US$ 2,469 Mn  in 2014. In terms of volume, the smart camera market is anticipated to expand at a CAGR of 23.84% through 2020 and reach 85.47 Mn units by 2020. Advancement in home- and industrial- automation has augured well for the prospects of the smart camera market. Smart cameras are used for surveillance and monitoring purposes in home automation, whereas in industrial automation, these are used for a host of applications, depending upon the specific industry. It is anticipated that increased demand from these sectors will fuel the smart camera market during the forecast period, 2015-202...

  The Global smart camera market is estimated to be worth US$ 2469.0 Mn in 2014 and expected to reach US$ 9829.1 Mn by 2020, reflecting a CAGR of 23.84% during the forecast period.  Market Segmentation The global smart camera market is also segmented on the basis of application which includes transportation & automotive, healthcare & pharmaceutical, food & beverages, military & defence, commercial area, consumer and other segments. Consumer segment is the largest application which accounts for 26.3% market share in 2014 but it is likely to lose its market share by 590 BPS in 2020. Food & beverages application segment is expected to witness highest CAGR of 29.0% during forecasted period. Commercial area applications are second largest in terms of growth during forecasted period with CAGR of 27.0%. Key Players Some of the market leaders in the global smart camera market are Samsung Electronics Co., Ltd., Canon Inc., Nikon Corporation, Sony Corporation and Pan...