Electric webcam is an electric video camera, which is attached to the laptops, desktops or in-built in hardware. It is generally made up of lens and image sensor. It also includes one or two microphones for superior sound quality. It is used to stream an image or video in the real time through a computer network like internet. It is deployed with the high-resolution quality, which is used to provide the high-quality audios & videos. Its main feature is to enable the users to record audio & video for future purposes. It is mostly used at workstations to connect with employees or colleagues who are working in different locations. It is also utilized for video conferencing between two or more individuals, which reduces the business travel across various countries. In addition, electric webcams are also used for numerous applications such as healthcare, security cameras, laser beam profiling, augmented reality (AR), input control devices, astro photography, and others. Therefore, increase in application of electric webcams has accelerated the demand for electric webcams in the market.
As per analysis, “Global Electric Webcams Market Status (2015-2019) and Forecast (2020-2024) by Region, Product Type & End-Use” the key companies operating in the global electric webcams market include Kinobo, Microsoft, Teng Wei Video Technology Co., Logitech, Philips, NEXIA, HP, A4Tech, D-Link, Ausdom, KYE Systems Corp(Genius), TeckNet and among others.
Based on type, electric webcams market is bifurcated as complementary metal oxide semiconductor (CMOS) and charge coupled device (CCD). In addition, based on application, market is bifurcated as automobile, video conference, remote medical and others. The electric webcams market is driven by growth in security concerns & awareness about security devices, followed by rise in demand from government agencies & individual consumers, steep decline in average selling price of webcams and growth in penetration of teleconferencing & virtual meetings. However, increase in cases of webcam hacking (privacy concerns) and poor internet penetration in developing countries may impact the market.
COVID-19 or Corona Virus pandemic is projected to drive the growth of electric webcam market throughout the forecast period. This is due to rise in demand for electric webcams from government or corporate sector for surveillance & security purposes. These corporate or government sectors are enforcing employees to follow the social distancing and are likely to use the electric webcams to ensure the safety of premises & employees. Further, increasing webinars & meetings while working from home have positively impacted the sales of electric webcams. The governments of affected countries announced nationwide lockdown and mandated individual to maintain the social distancing. Governments are also using these webcams to monitor the individual’s activities during lockdown to ensure that rules are being followed.
Based on geography, the North-America, followed by Europe region holds major share in global electric webcams market owing to rise in need for security coupled with rapid developments under smart city initiatives across the region. The Asia-Pacific region is expected to witness higher growth rate caused by government-led installations of webcams coupled with presence of several local vendors over the forecast period. It is predicted that future of the global market will be bright as a result of increase in connectivity & higher adoption of internet services during the forecast period.
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Ankur Gupta, Head Marketing & Communications