4K UHD Camera Market Size, Share, Growth, And Industry Analysis By Type (Portable Type, Fixed Type) By Application (Sports Events, Parking Structures, Airports, Casinos, Train Stations), Regional Forecast To 2031

Updated On: 15 April 2024

4K UHD Camera Market Report Overview

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The global 4K UHD Camera market size is expanded rapidly in 2021 and market is expected to generate substantial revenue by 2031, exhibiting a high compound annual growth rate (CAGR) from 2021 to 2031.

 A 4K UHD camera has a resolution of 3840 x 2160 pixels, which is four times higher than that of a 1080p HDTV. Professional and consumer applications that call for the finest quality video employ 4K UHD cameras.

The rising demand for 4K UHD cameras across a range of applications, including sporting events, parking garages, airports, casinos, and railway stations, is responsible for the market's expansion. The market is expanding in part due to the increasing use of 4K UHD cameras by small and medium-sized organisations. The expensive price of 4K UHD cameras, however, may impede this market's expansion throughout the anticipated term.

COVID-19 Impact: COVID-19 Pandemic Causes Significant Degradation In Market Growth

The COVID-19 pandemic seriously harmed the functioning of nearly every sector. When the COVID-19 pandemic worsens, regulatory agencies throughout the world are driven to impose strict lockdowns and travel restrictions. Also, this had a big influence on the expansion of the market for inspection camera systems. Since many necessary pieces of equipment and supplies are heavily dependent on imports from other countries, the COVID-19 pandemic had an impact on supply chain systems. Additionally, because of the regulatory authorities' strict instructions to adhere to social distance norms, the industries were forced to operate with a small workforce, which reduced their output rates. Hence, each of these factors had a big impact on the market for inspection camera systems.

Latest Trends

"Market Expansion Is Anticipated To Be Aided By Adventure Enthusiasts Using Action Cameras More Frequently"

The rising number of sports fans and adventurers, as well as the rising popularity of sporting events, outdoor adventures, and active lifestyle pursuits like hiking, mountain racing, and ice skating, are all contributing to the market's expansion on a national and regional basis. The first-person perspective offered to viewers by action camera footage is a feature of the gadgets' design.

Due to the recent growth in sales of Ultra HD models, demand for action cameras with 4K resolution is increasing. In the upcoming years, it is also expected that the adoption of 4K display technology would surpass the need for Ultra HD technology.

4K UHD Camera Market Segmentation

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• By Type Analysis

According to type, the market can be segmented into Portable Type, Fixed Type. Portable Type is anticipated to be the leading segment.

• By Application Analysis

Based on application, the market can be divided into Sports Events, Parking Structures, Airports, Casinos, and Train Stations. Sports Events will be the dominated segment.

Driving Factors

"An Increase In Camera Demand In The Healthcare Sector Fuel The Market"

The population's socioeconomic circumstances have changed throughout time. The number of people 65 and older is rising steadily around the world. Today, there are more Americans than ever who are 65 years old or older and more established. Numerous chronic illnesses have negative effects on the elderly population around the world. Three out of every four People 65 and older now need to treat health conditions including cardiovascular disease, diabetes, malignant growth, or recurrent respiratory infections.

"Manual labour can be automated "

An IoT-based condition monitoring network eliminates manual data logging and reduces the need for routine field inspections. In addition to lowering human error rates, this lowers costs and boosts worker productivity because it allows them to concentrate on other crucial tasks. Reduced site visits, particularly in rural areas, lead to fewer truck trips overall, which reduces CO2 emissions and saves fuel.

Restraining Factors

"Operators' Lack of Interest in Implementing The Monitoring System leading decline The Market growth"

Pipeline firms have traditionally shunned employing cyber and network security solutions due to a lack of understanding and experience. Moreover, the network security solutions offered by IT companies lacked scalability and were sometimes only offered singly. This makes it difficult for pipeline operators to choose specialized pipeline network monitoring technology. Also, operators need to be convinced of the value of network and physical monitoring systems by IT security businesses. The lack of understanding and concern among operators over the implementation of monitoring systems is a key hurdle for providers of monitoring solutions in the oil and gas industry.

4K UHD Camera Market Regional Insights

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"North America Is Anticipated To Be the Largest Segment during Forecast Period"

In 2021, North America was the greatest area, contributing the highest percentage of revenue—more than 33.70%—to the total. The development of the industrial core contributes to the growth of the area. The requirement for sophisticated video inspection equipment to support local industry and governmental growth drives up the demand for inspection camera systems. The Pipeline and Hazardous Materials Safety Administration of the U.S. Department of Transportation has a number of rules in place for pipeline operators, covering anything from safety requirements to equipment repair and leak prevention.

On the other hand, from 2022 to 2032, the Asia Pacific area is anticipated to see the fastest rate of growth. Throughout the projection period, Europe is anticipated to have considerable growth. The need for inspection in natural gas pipeline developments throughout European nations is responsible for this rise. This camera system inspects underwater pipes for maintenance and repair because people are unable to reach them owing to increased water pressure and other dangerous conditions.

Key Industry Players

"Key Players Focus on Partnerships to Gain a Competitive Advantage "

Prominent market players are making collaborative efforts by partnering with other companies to stay ahead of the competition. Many companies are also investing in new product launches to expand their product portfolio. Mergers and acquisitions are also among the key strategies used by players to expand their product portfolios.

List of Market Players Profiled

• Canon (Japan)
• Nikon (Japan)
• Panasonic Corporation (Japan)
• Infineon Technologies (Germany)
• Blackmagic Design (Australia)
• Schneider Electric (France)
• Occipital (U.S.)
• Sony Corporation (Japan)
• Axis Communications (Sweden)
• Sharp Corp (Japan)
• Primesense (Israel)
• Softkinetic (Belgium)
• Bosch Security Systems (U.S.)
• FLIR Systems (U.S.)
• Hong Kong Skyworth Digital Holdings (China)
• LUMAX (India)
• Pentax (Japan)
• Red Digital Cinema Camera Company (U.S.)
• Samsung Electronics (South Korea)
• L.G Electronics (South Korea)

Report Coverage

This research profiles a report with extensive studies that take into description the firms that exist in the market affecting the forecasting period. With detailed studies done, it also offers a comprehensive analysis by inspecting the factors like segmentation, opportunities, industrial developments, trends, growth, size, share, and restraints. This analysis is subject to alteration if the key players and probable analysis of market dynamics change.