Growing Demand for Efficient Security Surveillance to Drive HDR Video Camera Market
The global High Dynamic Range Video Camera Market Demand is expected to exhibit a strong 9% CAGR over the forecast period from 2017 to 2023, according to the latest research report from Market Research Future (MRFR). The global HDR video camera market is expected to reach a valuation of USD 3 billion by 2023, according to the report.
The major factors and trends observed in the global HDR Video Camera Market Growth are profiled in detail in the report. Major drivers and restraints affecting the global HDR video camera market are examined in close detail in the report. The report also profiles major players operating in the global HDR video camera market in order to give readers a complete overview of the competitive landscape of the global HDR video camera market. The report also examines the impact of the COVID-19 pandemic on the global HDR video camera market and makes short-term and long-term projections for the market’s likely movement over the forecast period.
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High dynamic range, or HDR, is a photography technique that allows for photographs and videos to carry a higher dynamic range of brightness. In short, HDR technique allows photos to incorporate both bright and shadowy areas in photos and videos without overcompensating for either. This allows for the generation of balanced photographs that show more detail due to the incorporation of the high and lows in terms of the light. The increasing demand for video and still cameras from casual consumers is likely to be a major driver for the global HDR video camera market over the forecast period. The popularity of photography among the general masses is increasing, as high-grade photography devices have become accessible for casual consumers. This has driven the demand for high-grade cameras that incorporate HDR technology. Increasing popularity of recreational travelling among urban consumers has also been a major driver for the demand for cameras of various kinds. This is likely to remain a major driver for the global HDR video camera market over the forecast period.
Another major driver for the global High Dynamic Range Video Camera Market Demand is the growing demand for security cameras that provide high levels of detail, allowing monitors to identify individuals from the footage. Security surveillance by cameras has been a major consumer of HDR video cameras in recent years, as government as well as private bodies have spent increasing amounts on security tech. The increasing demand for effective video surveillance in industrial and commercial avenues is likely to remain a major driver for the global HDR video camera market over the forecast period.
The global High Dynamic Range Video Camera Market Demand is segmented on the basis of type, pixel, application, and region.
By type, the global HDR video camera market is segmented into 21 stops, 17 stops, 14 stops, and others.
By pixels, the global High Dynamic Range Video Camera Market Demand is segmented into 1080p and 50p. The 1080p segment is likely to dominate the global HDR video camera market over the forecast period, as 1080p cameras provide a higher resolution and thus a greater level of detail.
By application, the global HDR video camera market is segmented into security surveillance, photography, entertainment, and others.
North America is the dominant regional market for HDR video cameras and is likely to retain the position over the forecast period. Asia Pacific is also likely to be an important regional market for the HDR video camera industry over the forecast period due to the growing consumer electronics industry in the region.
Leading players in the global High Dynamic Range Video Camera Market Demand include Olympus Corporation, Nikon Corporation, Apex Systems LLC, Zosi Technology Co. Ltd., Amcrest Technologies, Nest Cam, Canon Inc., Sony Corporation, Robert Bosch GmbH, and Panasonic Corporation. Many leading players in the HDR video camera market have made moves to carve out a significant share in emerging regional markets such as China and India. This is likely to remain a popular tactic for players in the High Dynamic Range Video Camera Market Demand over the forecast period, as the number of middle-class and upper-class consumers of camera devices is likely to increase over the coming years.
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