A smart camera is a standalone, self-contained vision system with built-in actuators, pneumatic valves or relays. Smart cameras have numerous field applications including non-contact measurements, robot guidance, biometric recognition, part sorting and identification, code reading and verification, unattended surveillance, web inspection, detection of position and rotation of parts, etc. Smart cameras include different components including memory, image sensors, communication interface, lenses, processor, display, etc.
The global smart camera market is estimated to account for US$ 8,203.1 Mn in 2019 and is expected to grow at a CAGR of 23.3% % over the forecasted period 2019-27.
Across the globe, food quality and safety regulations have become very strict. The food & beverage industry is bound to follow these regulations in order to maintain safety and quality of food products. For instance, MAF FRANCE, a French multinational designer and manufacturer of bagging, palletization and packing systems for fresh vegetables and fruit, has adopted GLOBAL SCAN, a sophisticated, fully automatic vision system, which allows packers to grade fruit accurately, as per the market requirement. Hence, these factors are expected to boost the market growth in the near future.
Key players in the market are focused on research and development activities, in order to innovate novel products. These players are constantly adding new features and technologies in their products, which in turn, is expected to drive the global smart camera market growth over the forecast period. For instance, in March 2015, Nikon Corporation introduced a DSLR camera ‘D7200’, which is equipped with the latest autofocusing system.