Webcams Market is Segmented by Product Outlook (Revenue, USD Million, 2020 - 2027) USB ports and Wireless. By Application Outlook (Revenue, USD Million, 2020 - 2027) of Common network chatting, Video conference, Remote medical, Automobile
The global webcams market size was valued at 6.15 billion USD in 2019 and is estimated to grow at a CAGR of 8.2% from 2020 to 2027.
Increased demand for real-time monitoring devices and the growing adoption of unmanned aerial vehicles (UAVs) due to growing surveillance and security concerns is expected to drive the demand for webcams. Furthermore, the adoption of webcams for visual marketing, video conferencing, live events and entertainment is further propelling the industry growth. In the corporate world, webcams have become a valuable business communication device since it helps to transmit audio and video across a communication network enabling the participants to interact and have a real-time discussion despite the geographical barriers. Worldwide, the countries affected with COVID-19 have announced lockdown to avoid further spread of the virus, the companies have adopted the Work From Home (WFH) model of operating to ensure the continuity of the businesses. With these measures, the usage of video conferencing and client meetings have increased and are expected to bring a positive impact on the webcam market in future as well. For eg: Zoom Video Communications, a U.S. based remote conferencing service has announced a rise of 6,00,000 app downloads during this period essentially hinting at the growing video conferencing market. Increased adoption of the webcams in the telehealth service providers for video consultation and remote patient monitoring has further expanded the scope in the healthcare sector. However, certain issues encountered while using webcams, like inadequate bandwidth and network connectivity, which results in distorted video and audio and difficulties in screen sharing, are restraining the industry growth. Minimum internet speed required is of 128 Mbps to avoid video disruption and poor connection in certain remote regions is expected to limit the growth of the market.
Based on the product, the market has been segmented into USB and wireless webcams. In terms of market, share USB dominates the market with 61.03% and the wireless segment is expected to expand at a CAGR of 9.3% in terms of revenue. Based on revenue the live events contribute the maximum share of 26.8% and the fastest-growing segment is security and surveillance at a CAGR of 16.1%. North America, accounts for the largest revenue share of 35.0% and is expected to lead the market in the future as well. Europe and the Asia Pacific are also expected to face increased demand. However, Asia Pacific will have the fastest CAGR of 9.1%.
Snowballing prominence of adapting web-cameras for security and surveillance purpose is expected to escalate the web-cams market globally. North America accounts for holding a substantial market share with growing demands for web-cams for its extensive application in security and surveillance in commercial and residential sections of society.
Meanwhile, Europe is expected to gain an upper hand in the web-cams market owing to advanced technology that is augmented with improvements in security events, video-conferencing, visual marketing, and other more useful applications in the region.
The Asia Pacific region is estimated to drive growth in the regional market owing to rising concerns for national security by the military to track real-time movements and surveillance, while the Middle East and Africa are expected to trudge steadily in the market with the apparent adoption of web cameras.
Webcams Market Competition
Key companies operating in this industry are Logitech, Microsoft, Hp, D-Link, Lenovo, Philips, Ausdom, KYE Systems Corp (Genius), Motorola, NEXIA, Kinobo, Teng, Wei Video Technology Co., A4Tech and TeckNet.
• Webcams Market Revenue Estimation and Forecast (2020 – 2027)
• Production Estimation and Forecast (2020 – 2027)
• Sales/Consumption Volume Estimation and Forecast (2020 – 2027)
• Breakdown of Revenue by Segments (2020 – 2027)
• Breakdown of Production by Segments (2020 – 2027)
• Breakdown of Sales Volume by Segments (2020 – 2027)
• Gross Margin and Profitability Analysis of Companies
• Business Trend and Expansion Analysis
• Import and Export Analysis
Webcams Market Segmentation
Product Outlook (Revenue, USD Million, 2020 - 2027)
• USB ports
Application Outlook (Revenue, USD Million, 2020 - 2027)
• Common network chatting
• Video conference
• Remote medical
Country (Revenue, USD Million, 2020 - 2027)
• United States
• United Kingdom
• South Korea
• Middle East
• Rest of World
Webcams Market Companies
• KYE Systems Corp (Genius)
• Teng Wei Video Technology Co.
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