PUBLISHER: The Business Research Company | PRODUCT CODE: 1428361
PUBLISHER: The Business Research Company | PRODUCT CODE: 1428361
An artificial intelligence-based fever detection camera is a system that employs artificial intelligence (AI) technology to identify and measure body temperature, with a particular focus on identifying individuals displaying potential fever symptoms. These cameras utilize AI algorithms to analyze thermal data and recognize faces, even when individuals are wearing masks.
The main components of an AI-based fever detection camera include hardware, software, and services. Hardware encompasses the physical components and devices of a computer system or electronic device that are essential for the functioning of the AI-based fever detection camera. Various types of hardware include turret or bullet cameras, as well as handheld cameras with different resolutions such as high-resolution, medium-resolution, and low-resolution cameras. These systems find application in various settings, including airports, hospitals, public places, enterprises or factories, banks, and other locations.
The artificial intelligence-based fever detection camera market research report is one of a series of new reports from The Business Research Company that provides artificial intelligence-based fever detection camera market statistics, including artificial intelligence-based fever detection camera industry global market size, regional shares, competitors with an artificial intelligence-based fever detection camera market share, detailed artificial intelligence-based fever detection camera market segments, market trends, and opportunities, and any further data you may need to thrive in the artificial intelligence-based fever detection camera industry. This artificial intelligence-based fever detection camera market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The artificial intelligence-based fever detection camera market size has grown strongly in recent years. It will grow from $2.15 billion in 2023 to $2.33 billion in 2024 at a compound annual growth rate (CAGR) of 8.6%. The growth observed in the historical period can be attributed to an increased focus on public health and safety, global pandemics and disease outbreaks, the adoption of infrared imaging technology, the growth in non-contact temperature measurement, and a surge in demand for remote health monitoring.
The artificial intelligence-based fever detection camera market size is expected to see strong growth in the next few years. It will grow to $3.26 billion in 2028 at a compound annual growth rate (CAGR) of 8.8%. The anticipated growth in the forecast period can be attributed to the integration of fever detection in access control systems, the expansion of the healthcare and hospitality industries, regulatory mandates for temperature screening, the adoption of fever detection cameras in transportation hubs, and the increased deployment in educational institutions. Major trends expected in the forecast period include new innovations in portable and wearable detection devices, advances in artificial intelligence and machine learning, the integration of AI for enhanced accuracy in temperature screening, technological advancements in thermal imaging cameras, and the development of multi-modal biometric solutions.
The AI-based fever detection camera market is poised for growth, driven by the rapid spread of COVID-19es, a family of RNA viruses causing various illnesses. These cameras, employing artificial intelligence, offer quick and non-invasive screening for elevated body temperatures, potentially indicating fever. In December 2021, the World Health Organization reported a global increase in confirmed COVID-19 cases to 44,240,881 million from 10,448,410 million in December 2020, underscoring the market's growth propelled by the pandemic.
The market is further fueled by the increasing demand for remote monitoring, where AI-based fever detection cameras automate and enhance the identification of individuals with elevated temperatures. According to Medicon Publications in May 2023, 80% of Americans favored remote patient monitoring in 2021, and an anticipated 30 million patients in the US are expected to use remote patient monitoring technologies and services by 2024, emphasizing the growing need for such solutions.
Technological advancements stand out as a key trend in the AI-based fever detection camera market, with major companies introducing innovative solutions. Konica Minolta, in December 2021, launched the FORXAI Temperature Monitoring App (TMA), integrating AI through the FORXAI imaging IoT platform for continuous temperature data storage and management from an edge thermal camera.
Companies in the market are also focusing on product innovation, exemplified by the introduction of medical-grade infrared sensor devices. These devices, designed for precise body temperature measurement in clinical settings, enhance accuracy and reliability. Nine Technology Korea, in January 2023, introduced a facial recognition and temperature measurement device for access control, targeting applications in schools, hospitals, and businesses.
In May 2021, Teledyne Technologies acquired FLIR Systems Inc. for $8 billion, aiming to expand its sensor and sensor systems portfolio. FLIR Systems specializes in designing and manufacturing AI thermal imaging systems, infrared cameras, and sensor technologies, aligning with Teledyne's growth objectives in the AI-based fever detection camera market.
Major companies operating in the ai-based fever detection camera market report are Panasonic Corporation, Toshiba Corporation, NEC Corporation, Baidu Inc., Hangzhou Hikvision Digital Technology Co. Ltd., Zhejiang Dahua Technology Co. Ltd., VVDN Technologies, Axis Communications AB, Altoros Systems, Wuhan Guide Infrared Co. Ltd., Nippon Avionics Co. Ltd., Thermoteknix Systems Ltd., Mantra Softech (India) Pvt. Ltd., Vantage Integrated Security Solutions Pvt. Ltd., Vehant Technologies Pvt. Ltd., Scylla Technologies Inc., Opgal, Kogniz Inc., AnyConnect Private Limited, Megvii Technology Limited, Seek Thermal Inc., Miso Robotics Inc., Viper Imaging LLC, Athena Security Inc., KroniKare Pte. Ltd., IP Video Market Info Inc.
North America was the largest region in the artificial intelligence-based fever detection camera market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the ai-based fever detection camera market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
The countries covered in the ai-based fever detection camera market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Spain, Canada.
The artificial intelligence-based fever detection camera market consists of revenues earned by entities by providing cloud-based solutions, infrared thermal scanning, and AI algorithms. The market value includes the value of related goods sold by the service provider or included within the service offering. The artificial intelligence-based fever detection camera market also consists of sales of infrared thermal cameras, fixed-mount cameras, networked camera systems, and pan-tilt-zoom cameras. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
AI-Based Fever Detection Camera Global Market Report 2024 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on ai-based fever detection camera market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for ai-based fever detection camera ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The ai-based fever detection camera market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
The impact of higher inflation in many countries and the resulting spike in interest rates.
The continued but declining impact of covid 19 on supply chains and consumption patterns.