Webcam Market Size Is Estimated To Reach $11.60 Billion By 2027

The global webcams market size is expected to reach USD 11.60 billion by 2027, expanding at a CAGR of 8.2% from 2020 to 2027, according to a new report by Grand View Research, Inc. 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.

Full Research Report On Webcams Market Visit Here: https://www.grandviewresearch.com/industry-analysis/webcams-market

Webcam Market Report Highlights

• By technology, analog webcams accounted for over 60.0% share of the total revenue in 2019
• Based on distribution channel, e-commerce is expected to expand at the highest CAGR of 11.9% in terms of revenue from 2020 to 2027
• In 2019, North America accounted for the largest revenue share of over 35.0%
• Asia Pacific is expected to witness a significant increase in the product demand during the forecast period.

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Webcam Market Segmentation

Grand View Research has segmented the global webcam market on the basis of product, technology, distribution channel, end use, and region:

Webcams Product Outlook (Volume, Million Units; Revenue, USD Million, 2016 - 2027)

• USB
• Wireless

Webcams Technology Outlook (Volume, Million Units; Revenue, USD Million, 2016 - 2027)

• Analog
• Digital

Webcams Distribution Channel Outlook (Volume, Million Units; Revenue, USD Million, 2016 - 2027)

• Brick & Mortar
• E-commerce

Webcams End-Use Outlook (Volume, Million Units; Revenue, USD Million, 2016 - 2027)

• Security & Surveillance
• Entertainment
• Videoconference
• Live Events
• Visual Marketing
• Others

Webcams Regional Outlook (Volume, Million Units; Revenue, USD Million, 2016 - 2027)

• North America
• U.S.
• Canada
• Europe
• Germany
• U.K.
• Asia Pacific
• China
• India
• Japan
• Latin America
• Brazil
• Mexico
• Middle East & Africa

List of Key Players of Webcams Market:

• Canon, Inc.
• Cisco Systems, Inc.
• D-Link Systems, Inc.
• Koninklijke Philips N.V.
• Lenovo
• Logitech
• Microsoft
• Razer Inc.
• Sony Corporation
• Xiaomi

About Grand View Research        

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

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