Strategy Analytics has made a forecast for the global camera market for the modern smart home for the current and future years.
The published data take into account the supply of devices of various types. These are, in particular, "smart" cameras designed for indoor and outdoor use, doorbells with video communication, etc.
So, it is reported that this year the total volume of this market will amount to $ 7,9 billion in monetary terms. At the same time, the rapidly growing popularity of video door calls will contribute to the fact that in numerical terms the result will exceed 56 million units.
In 2023, the volume of the industry, as Strategy Analytics experts predict, will be about $13 billion in monetary terms. Thus, over the coming years, the CAGR indicator (average annual growth rate in compound percent) will be at the level of 14%.
If we consider the industry in units, then in 2023 its size will exceed 111 million units. In other words, the CAGR will be an impressive 19,8%.
Source: 3dnews.ru