Micro cameras are nothing but spy, hidden, or security camera. These can capture still photos or record videos without anyone’s knowledge. These hidden cameras are fitted with long-focus lens and are located beyond the view of the subject. The cameras can be used for household surveillance and commercial and industrial security purposes. These cameras support digital technology and offers safety to business and consumers, as they are able to capture images and videos in real-time. Modern micro cameras are lightweight and small in size. These cameras can record videos in HD-quality. Micro cameras can be used by everybody; however, there are some legal restrictions which forbid people from record others without their consent. Currently, there are a number of micro cameras available in the market.
Rise in demand for spy cameras is expected to drive the global micro cameras market during the forecast period. These cameras help users to protect their family, offices, and workplaces safeguarding them from unwanted activities. Additionally, these cameras also help parents to record activities of baby sitters and domestic help to prevent robbery, neglect, or harassment of kids or employees. Rigid rules about invasion of privacy and high installation and maintenance cost of micro cameras are likely to hinder the market during the forecast period. Advancement in technological is anticipated to create offer opportunities in the near future.
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The global micro cameras market can be segmented based on product, end-user, distribution channel, and region. In terms of product, the micro cameras market can be categorized into NIR Camera and SWIR Camera. Based on end-user, the micro cameras market can be divided into home security, industrial, military, and commercial. The home security segment is anticipated to dominate the micro cameras market during the forecast period, followed by commercial segment. Based on distribution channel, the micro cameras market can be bifurcated into offline channels and online channels. The online channel segment is anticipated to expand at a rapid pace, as this channel provides a wide range of options for consumers to choose from.
Based on region, the global micro cameras market can be divided into North America, Europe, Asia Pacific, Middle East & Africa, and South America. North America is anticipated to dominate the global micro cameras market, followed by Europe and Asia Pacific. The U.S. is anticipated to hold a major share of the micro cameras market in North America. Rise in occurrences of people opting for baby sitters is increasing in the U.S. This, in turn, is boosting the demand for micro cameras for children’s security. The micro cameras market in Asia Pacific is estimated to expand at a rapid pace due to economic development, rise in population, and increase in disposable income. With the advancements in technology including CMOS sensors, embedded image processing, micro cameras have growth opportunities in future. Moreover, these cameras are inexpensive and easily available in Asia Pacific.
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Key players operating in the global micro cameras market include Panasonic Corporation, Nikon Inc., Canon Inc., Blackmagic Design, Avigilon Corporation, Sensors Unlimited Inc., BrickHouse Security, Tetracam Inc., Cognex Corporation, SeaLife Cameras, Bosch Security Systems, Honeywell Internal Inc., and Mobotix. Manufacturers are increasing R&D capabilities to diversify their product range and are adopting manufacturing practices which ensure improved products that conform to the regulatory standards implemented by government bodies. Presence of local manufacturers is anticipated to increase competition due to the rise in demand for micro cameras for home security. This, in turn, is projected to increase the development and launch of several technologically advanced products in the micro cameras market during the forecast period.
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