As per the report “ WiFi Camera Market By Type (Security & Surveillance Camera, Digital Camera with WiFi, Car Camera, Sports Camera), By Application (Home Security, Consumer Electronics, Sports Enthusiasts, Car Security), Industry Trends, Estimation & Forecast , 2017 – 2025 „ In 2017, the Security & Surveillance Wi-Fi Camera segment generated the highest revenue share in the global Wi-Fi camera market. Among major regions, United States was the highest revenue generating market, holding nearly 20% of the market share, in 2017.
„Wi-Fi camera market has gained access to social platforms. These cameras have gained importance in various areas such as sports, transportation, surveillance, and networking among others. Owing to the lucrative industry growth the market is attracting more of players. However, the new entrants are facing pressure in the process of matching up the quality and product variations offered by the existing players. „
Security & Surveillance Camera segment expected to show an impressive growth rate during the forecast period, owing to the surge in security needs
Wi-Fi security cameras are emerging as the most adopted security and surveillance appliance in the modern world. IP security cameras are a part of a security system in many homes, businesses and work places. Their ability to access and stream live footage on a cell phone or laptop, renders them a high market share and lucrative opportunities.
Millennial’s desire to stay connected to their product portfolio
The desire of millennial to stay connected with their social circle. Moreover, the IoT, which is expected to offer futuristic opportunities to the market players. In addition to this, the camera and picture recording technology has also been searched for in various applications such as home security, sports, media and many others.
United States emerged as a market leader and is expected to grow
United States nearly 20% market share in terms of revenue, of the global market. It is anticipated to maintain its dominance in the long run and exhibit on impressive growth during the forecast period. The increasing demand for smart homes in the region is filling the growth of Wi-Fi camera market. However, with increasing competition and declining profit margins, players have focused on technological innovation and acquiring / partnering with other players in order to complete their skill sets and strengthen their footholds.
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CHINA WI-FI CAMERA MARKET SHARE BY TYPE, 2017
KEY FINDINGS OF GLOBAL WI-FI CAMERA MARKET, 2017-2025
• United States led the global Wi-Fi camera market in 2017, in terms of revenue, by holding nearly 20% of the total share.
• Germany is witnessing a surging trend in the availability of built-in Wi-Fi cameras in its retail sector.
• Market players are focusing on joint ventures, mergers and acquisitions, technology innovations in order to gain competitive advantage.
• The price of Wi-Fi cameras have declined in past few years and the trend is expected to continue in coming future.
GLOBAL WI-FI CAMERA SALES (UNITS) OF KEY MARKET PLAYERS (2017)
Some key market players are Canon, Sony, Samsung, Panasonic, Nikon, Gopro, Kodak, Fujifilm, Olympus, Ricoh, Garmin, TP-Link, HIKVISION, Netgear, D-Link, JADO, Philips, LG, Uniden, Motorola, Summer Infant, Dahua, iON Cameras, and TASER International.