The global Webcams market size is expected to be worth around US$ 11.59 billion by 2027, according to a new report by Vision Research Reports.
The global Webcams market size was valued at US$ 6.14 billion in 2019 and is anticipated to grow at a CAGR of 8.1% during forecast period 2020 to 2027.
Webcams can be connected to laptops and desktops for real-time recording at any given location. Growing need for security and surveillance systems to capture intruders, trespassers, and miscreants in commercial as well as residential premises is expected to drive the product demand over the forecast period.
These devices are widely being deployed in the corporate sector for video conferencing and telecommutingfor more accessible communication with counterparts at distant locations. Hence, key market participants are emphasizing on new model launches and technological advancements to cater to the demand for devices with higher recording, streaming, microphone, and zoom quality.
For instance, in December 2019, Logitech launched a 4K Ultra HD webcam for Mac Pro with RightLight 3 technology, enabling automatic adjustment of lightening conditions for better video quality. Moreover, emergence of advanced video cameras with the capability of connecting the entire conference of people to a single user is propelling market growth.
Furthermore, multiple attributes of webcam technology have extended its scope in the healthcare sector to assist the patients suffering from chronic diseases and emergency situations. These devices are highly being utilized for the telehealth consulting services as they provide simplified connectivity between patients and healthcare professionals through video conferencing on mobile devices or laptops.
Owing to the COVID-19 pandemic, governments of the profoundly affected countries have already announced national lockdowns and are mandating the public to maintain social distancing. Webcams are being used for communication and live virtual events due to in-home isolation worldwide for minimizing the social and economic impact of the outbreak. For instance, leaders of the G20 countries held a video conference summit for a discussion on preventive measures to be undertaken to reduce the impact of the current global pandemic.
Furthermore, governments are using Unmanned Aerial Vehicles (UAVs) for surveillance purposes as mobility restrictions are tightening worldwide owing to the COVID-19 pandemic. For instance, the State Police of Western Australia announced the deployment of drones for remotely monitoring recreational sites to ensure if people are following social distancing guidelines. In the light of the current scenario, market demand is expected to boost over the forecast period.
Based on product, the market has been bifurcated into USB and wireless webcams. In terms of volume, USB webcams dominated the market with a share of 61% in 2019. This is attributed to its compatibility with computers using multiple platforms, such as Mac, Linux, and Windows. Moreover, these devices are less prone to overheating as they comprise larger casings that allow heat to disband rapidly. With the increase in broadband and internet connectivity worldwide, the wireless segment is expected to witness significant growth during the forecast period.
The wireless segment is anticipated to expand at the highest CAGR of 9.1% in terms of revenue during the forecast period. Wireless devices are versatile in their application, compatible with various computer systems, and have high resolution. They are incorporated with electronic chip sensors that convert light into pixels and the camera transmits this data via Ethernet, Wi-Fi or Bluetooth.
In terms of revenue, live events dominated the industry with a share of 26.6% in 2019. This substantial share is attributed to the increasing demand for webcams in live events for real time streaming and security purpose.
The security and surveillance segment is expected to expand at the highest CAGR of 16% in terms of volume during the forecast period. The growth of this segment is attributed to increasing use of cameras in household and commercial spaces, such as retail stores and malls, enterprise, and hospitality centers. Commercial areas are more prone to security risks, such as theft, vandalism, and inventory loss, which can be controlled by real-time monitoring and surveillance. Thus, the segment holds significant sales opportunities for the market during the forecast period.
Analog webcams are projected to account for over 60.2% share of the total volume by 2027. Analog devices are differentiated from their digital counterparts based on the procedure for recording and processing images. The maximum resolution limit of these cameras is 640×480 pixels. The image is recorded by the camera and the signal is sent to the Digital Video Recorder (DVR). The DVR then converts the analog signal into digital and stores in the memory drive or forwards it on the internet as per the user’s requirement. Moreover, videos or images recorded through analog cameras are comparatively smaller in size and consume less bandwidth as they are transmitted to DVR through coaxial cable and not through LAN.
Digital webcams are expected to expand at the fastest CAGR of 9.7% based on revenue over the forecast period. Digital models are highly preferred owing to the better image quality, more coverage area, and fewer cables required for system setup. Moreover, the digital cameras have an edge over the analog model in terms of data security as the digital model can provide encryption for the data, which makes transmission safe.
Based on distribution channel, the global market has been categorized into brick & mortar and e-commerce. The brick and mortar sales channel dominated the market with revenue size of USD 5.40 billion in 2019 and is expected to maintain its lead over the forecast period.
E-commerce is expected to expand at the highest CAGR of 11.8% in terms of revenue during the forecast period. Over recent years, e-commerce has witnessed sporadic growth worldwide owing to the hassle-free exchange and replacement policies and a much wider product range to choose from in case of online shopping.
In 2019, North America accounted for the largest revenue share of over 35.1%, and the region is expected to maintain its lead over the forecast period. Increasing awareness about security measures in public and private places acts as a major factor driving the market in North America. Furthermore, increasing demand for real-time monitoring and streaming of live events is expected to fuel industry growth in the region.
Europe is expected to witness significant growth over the forecast period owing to growing focus on security, especially in case of Internet of Things (IoT) devices. For instance, in 2019, the U.K. government-imposed regulations on the manufacturing of IoT devices, such as webcams, smart thermostats, and other appliances, to embed a unique password for each device rather than a default password as hackers could easily tamper and misuse the connected devices using default passwords. Similar provisions were also passed in California, U.S., in October 2018.
Asia Pacific is expected to exhibit the fastest CAGR of 9% in terms of revenue over the forecast period due to growing need for these devices for video conferencing, online education, and the healthcare sector. Besides, countries such as India and China are working towards improving infrastructure and city surveillance, which is expected to provide lucrative opportunities for this industry during the forecast period.
Cisco Systems, Inc.
D-Link Systems, Inc.
Koninklijke Philips N.V.
Webcams Product Outlook
Webcams Technology Outlook
Webcams Distribution Channel Outlook
Brick & Mortar
Webcams End-Use Outlook
Security & Surveillance
Webcams Regional Outlook
Middle East & Africa
The Webcams market research report covers definition, classification, product classification, product application, development trend, product technology, competitive landscape, industrial chain structure, industry overview, national policy and planning analysis of the industry, the latest dynamic analysis, etc., and also includes major. The study includes drivers and restraints of the global market. It covers the impact of these drivers and restraints on the demand during the forecast period. The report also highlights opportunities in the market at the global level.
The report provides size (in terms of volume and value) of Webcams market for the base year 2019 and the forecast between 2020 and 2027. Market numbers have been estimated based on form and application. Market size and forecast for each application segment have been provided for the global and regional market.
This report focuses on the global Webcams market status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Webcams market development in United States, Europe and China.
It is pertinent to consider that in a volatile global economy, we haven’t just conducted Webcams market forecasts in terms of CAGR, but also studied the market based on key parameters, including Year-on-Year (Y-o-Y) growth, to comprehend the certainty of the market and to find and present the lucrative opportunities in market.
In terms of production side, this report researches the Webcams capacity, production, value, ex-factory price, growth rate, market share for major manufacturers, regions (or countries) and type.
In terms of consumption side, this report focuses on the consumption of Webcams by regions (countries) and application.
Buyers of the report will have access to verified market figures, including global market size in terms of revenue and volume. As part of production analysis, the authors of the report have provided reliable estimations and calculations for global revenue and volume by Type segment of the global Webcams market. These figures have been provided in terms of both revenue and volume for the period 2016 to 2027. Additionally, the report provides accurate figures for production by region in terms of revenue as well as volume for the same period. The report also includes production capacity statistics for the same period.
With regard to production bases and technologies, the research in this report covers the production time, base distribution, technical parameters, research and development trends, technology sources, and sources of raw materials of major Webcams market companies.
Regarding the analysis of the industry chain, the research of this report covers the raw materials and equipment of Webcams market upstream, downstream customers, marketing channels, industry development trends and investment strategy recommendations. The more specific analysis also includes the main application areas of market and consumption, major regions and Consumption, major Chinese producers, distributors, raw material suppliers, equipment providers and their contact information, industry chain relationship analysis.
The research in this report also includes product parameters, production process, cost structure, and data information classified by region, technology and application. Finally, the paper model new project SWOT analysis and investment feasibility study of the case model.
Overall, this is an in-depth research report specifically for the Webcams industry. The research center uses an objective and fair way to conduct an in-depth analysis of the development trend of the industry, providing support and evidence for customer competition analysis, development planning, and investment decision-making. In the course of operation, the project has received support and assistance from technicians and marketing personnel in various links of the industry chain.
The Webcams market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to Webcams market.
Prominent players in the market are predicted to face tough competition from the new entrants. However, some of the key players are targeting to acquire the startup companies in order to maintain their dominance in the global market. For a detailed analysis of key companies, their strengths, weaknesses, threats, and opportunities are measured in the report by using industry-standard tools such as the SWOT analysis. Regional coverage of key companies is covered in the report to measure their dominance. Key manufacturers of Webcams market are focusing on introducing new products to meet the needs of the patrons. The feasibility of new products is also measured by using industry-standard tools.
Key companies are increasing their investments in research and development activities for the discovery of new products. There has also been a rise in the government funding for the introduction of new Webcams market. These factors have benefited the growth of the global market for Webcams. Going forward, key companies are predicted to benefit from the new product launches and the adoption of technological advancements. Technical advancements have benefited many industries and the global industry is not an exception.
New product launches and the expansion of already existing business are predicted to benefit the key players in maintaining their dominance in the global market for Webcams. The global market is segmented on the basis of region, application, en-users and product type. Based on region, the market is divided into North America, Europe, Asia-Pacific, Latin America and Middle East and Africa (MEA).
In this study, the years considered to estimate the market size of Webcams are as follows:
Reasons to Purchase this Report:
- Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
- Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
- Market value USD Million and volume Units Million data for each segment and sub-segment
- Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
- Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
In-depth interviews and discussions were conducted with several key market participants and opinion leaders to compile the research report.
This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.
Market Size Estimation
Top-down and bottom-up approaches are used to estimate and validate the global market size for company, regional division, product type and application (end users).
The market estimations in this report are based on the selling price (excluding any discounts provided by the manufacturer, distributor, wholesaler or traders). Market share analysis, assigned to each of the segments and regions are achieved through product utilization rate and average selling price.
Major manufacturers & their revenues, percentage splits, market shares, growth rates and breakdowns of the product markets are determined through secondary sources and verified through the primary sources.
All possible factors that influence the markets included in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data. The market size for top-level markets and sub-segments is normalized, and the effect of inflation, economic downturns, and regulatory & policy changes or others factors are accounted for in the market forecast. This data is combined and added with detailed inputs and analysis from Vision Research Reports and presented in this report.
Market Breakdown and Data Triangulation
After complete market engineering with calculations for market statistics; market size estimations; market forecasting; market breakdown; and data triangulation. Extensive primary research was conducted to gather information and verify and validate the critical numbers arrived at. In the complete market engineering process, both top-down and bottom-up approaches were extensively used, along with several data triangulation methods, to perform market estimation and market forecasting for the overall market segments and sub-segments listed in this report.
Secondary Sources occupies approximately 25% of data sources, such as press releases, annual reports, Non-Profit organizations, industry associations, governmental agencies and customs data, and so on. This research study includes secondary sources; directories; databases such as Bloomberg Business, Wind Info, Hoovers, Factiva (Dow Jones & Company), TRADING ECONOMICS, and avention; Investing News Network; statista; Federal Reserve Economic Data; annual reports; investor presentations; and SEC filings of companies.
In the primary research process, various sources from both the supply and demand sides were interviewed to obtain qualitative and quantitative information for this report. The primary sources from the supply side include product manufacturers (and their competitors), opinion leaders, industry experts, research institutions, distributors, dealer and traders, as well as the raw materials suppliers and producers, etc.
The primary sources from the demand side include industry experts such as business leaders, marketing and sales directors, technology and innovation directors, supply chain executive, end users (product buyers), and related key executives from various key companies and organizations operating in the global market.
The study objectives of this report are:
Ultrasonic Sensors Market Size, Share, Trends, Growth, Production, Consumption, Revenue, Company Analysis and Forecast 2021-2028Read more...
Fire Protection Systems Market Size, Share, Trends, Growth, Production, Consumption, Revenue, Company Analysis and Forecast 2021-2028Read more...
Switch Mode Power Supply Transformers Market Size, Share, Trends, Growth, Production, Consumption, Revenue, Company Analysis and Forecast 2021-2028Read more...
Machine Tools Market Size, Share, Trends, Growth, Production, Consumption, Revenue, Company Analysis and Forecast 2021-2028Read more...
Industrial Refrigeration Systems Market Size, Share, Trends, Growth, Production, Consumption, Revenue, Company Analysis and Forecast 2021-2028Read more...