Intelligent Camera Assistant Market Size (2023-2030)

The Global Intelligent Camera Assistant Market was valued at USD 5.16 Billion and is projected to reach a market size of USD 20.76 Billion by the end of 2030. Over the forecast period of 2024-2030, the market is projected to grow at a CAGR of 22%.

Artificial Intelligence is gaining importance in all sectors and its recent use in photography is changing the game of clicking photos. The intelligent camera assistant helps in determining the best shot for the user and enables them to click pictures. The assistant comes with an app that is installed on the smartphone and enables remote controlling the device. These camera assistants use image recognition technology that identifies the object in vision and clicks pictures. Further, it allows users to click professional-like photos by comparing them with other photos using Convolutional Deep Neural Network (CDNN). This network is based on a mathematical algorithm that processes the image into the system, analyzes the pixels in the image, and allows the software to click the best pictures in high resolution. Further, these intelligent assistants are used for DSLR and SLR cameras by connecting them to the smartphone through a USB cable. In addition to that, they are also installed in smartphone applications for clicking photos, and smartphones with these features are usually referred to as AI-powered smartphones. Further technological upgrades such as voice recognition, auto-mode, multiple shooting modes, and AI-based suggestions for clicking photos have bolstered the demand for intelligent camera assistants in the market.

Global Intelligent Camera Assistant Market Drivers:

Growing demand for AI-powered smartphones has boosted the demand for Intelligent Camera Assistants in the market.

Smartphones with AI technology are increasingly demanded by consumers because of the numerous benefits it provides. Further, image enhancement, sound recognition, automatic mode, night photography, and others have increased the demand for intelligent camera assistants in the market. Moreover, easy compatibility with DSLR/SLR cameras such as connection through smart apps that enables users to choose from a variety of smart features such as auto-HDR, auto-softening, portrait mode, telephoto, and others have increased the use of intelligent camera assistant in the market. Further, wireless control through smartphones has enabled photographers to click photos even from a long distance.

Advancements in photography are increasing the demand for Intelligent Camera Assistants in the market.

AI has enabled photographers to click realistic pictures with much ease. With the advent of compact-size cameras, photographers can carry and click pictures even in remote locations such as in jungles, over the top of a mountain, in deserts, and others. Further, the emergence of mirrorless cameras has made it easy to click pictures in the darkest setting using imaging sensors and electronic viewfinders (EVF). Moreover, with the increasing demand to click high-definition and realistic pictures, there is increasing use of intelligent camera assistants by photographers. These assistants are compact and are mounted on the hot shoe of the camera and then plugged in, and connected via an Android/iOS app in a smartphone. With these, users can control shutter speed, aperture, and ISO and enable deep colour features for clicking vibrant and colourful pictures. Additionally, intelligent camera assistants enable image-stacking that allows capturing of details at various exposures and enables merging them at once. Since, photographers spend most of their time in varied climatic conditions, new water-resistant and climate-resistant intelligent camera assistants are in great demand. For example, Arsenal 2 intelligent camera assistant.

Global Intelligent Camera Assistant Market Challenges:

The intelligent camera assistant can witness a decline in growth due to compatibility as only some cameras support specific assistants. Moreover, though AI enables clicking perfect pictures, standardization and uniformity of pictures can deteriorate the creativity in photographs. Further, the rising cost of DSLR and SLR cameras can hinder the growth of intelligent camera assistants. Additionally, the emergence of high-resolution camera smartphones with enhanced AI editing software is likely to decline the market share of intelligent camera assistants.

Global Intelligent Camera Assistant Market Opportunities:

The Global Intelligent Camera Assistant Market is anticipated to deliver lucrative opportunities for businesses, which include acquisitions, partnerships, collaborations, and agreements during the forecasted period. Furthermore, advancements in photography and technological integration in cameras are predicted to develop the market for the Intelligent Camera Assistant and enhance its future growth opportunities.

COVID-19 Impact on Global Intelligent Camera Assistant Market:

The pandemic had a mixed impact on the intelligent camera assistant market. Due to the pandemic, there was a nationwide lockdown, which restricted outings among people. This restricted the demand for intelligent camera assistants in the market. Further, due to a disrupted supply chain, there was a shortage of components required to produce camera assistants. However, intelligent camera assistants were used in the healthcare sector to detect fever and infection in people via thermal scanning. These were monitored remotely through smartphones, tablets, and computer systems. Additionally, the AI in the camera detected and clicked pictures of patients with infection and stored the data using cloud-based data storage.

Global Intelligent Camera Assistant Market Recent Developments:

• In November 2021, AVEVA, a leading company in industry software, launched Vision AI Assistant. It is an image classification-based analytics tool that can be used with a digital camera for ensuring quality control, analyzing images, and optimizing image efficiency. Further, it can be used for thermal or infrared scanning.

• In September 2020, Arsenal launched its intelligent camera assistant Arsenal 2. It is compact and comes with a micro sd card slot. It has features such as night assist, image and focus stacking, automatic crowd control, panorama, deep colouring, long exposure, and many other features. Further, its exterior aluminium part is weather resistant making it suitable to click pictures in any weather.

INTELLIGENT CAMERA ASSISTANT MARKET REPORT COVERAGE:

Global Intelligent Camera Assistant Market Segmentation: By application

• Entertainment

• Health Care

• Industries & Factories

• Household

• Others

Based on segmentation by application, the entertainment market holds the highest share. Intelligent Camera Assistants are widely used to click high-definition pictures and hence their demand from the entertainment sector occupies a big chunk of market share. Due to its benefits of long exposure and wireless control through smartphones, it has witnessed huge demand for outdoor shootings, astrophotography events, destination weddings, and others. Furthermore, the emergence of models such as deep learning models is employed in intelligent camera assistants to better recognize images and suggest perfect shots as per the environment.

The healthcare market witnesses significant growth during the fastest period owing to the use of intelligent camera assistants in thermal scanning, detecting temperature, clicking pictures of potentially infected patients, and storing it in the database.

The industries and factories segment holds a sizable market share owing to the use of intelligent camera systems in clicking pictures, monitoring, and detecting work-site hazards has further boosted the market demand for intelligent camera assistants.

Global Intelligent Camera Assistant Market Segmentation: By Region

• North America

• Europe

• Asia Pacific

• Middle East and Africa

• South America

Based on market segmentation by region, North America holds the highest market share. Technological innovations such as the use of deep learning, computational technology, video and photo analytics, and neural network processing have contributed towards the growth of Intelligent Camera Assistant in the region. Further, increasing trends in vlogging and travel photography have boosted the demand for DSLR cameras and in turn demand for intelligent camera assistants.

Asia-Pacific is the fastest-growing region in the intelligent camera assistant market. The recent increase in the use of AI-supported smartphones, and industry investments in developing AI models to facilitate clicking high-definition photos have boosted the demand for intelligent camera assistants in the region. Further, the use of intelligent camera assistants in industries and factories to remotely monitor, click pictures, and detect work-related accidents or injuries has boosted its demand in the region.

Global Intelligent Camera Assistant Market Key Players:

1. Arsenal

2. Aurga

3. Hailo AI

4. Aveva