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Camera SOC Market Size to Grow USD 3016.6 Million by 2029 at a CAGR of 8.5% | Valuates Reports

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BANGALORE, India, July 11, 2024 /PRNewswire/ — Camera SOC Market is Segmented by Type (1080P, 2K, 4K, 8K), by Application (Automotive Camera, Action Camera, Panoramic Camera, IP Camera): Global Opportunity Analysis and Industry Forecast, 2023-2029.

Global Camera SOC market is projected to reach USD 3016.6 Million in 2029, increasing from USD 1733 Million in 2022, with a CAGR of 8.5% during the period of 2023 to 2029.

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Major Factors Driving the Growth of Camera SOC Market:

The market for camera System-on-Chip (SoC) is expanding significantly as a result of the growing integration of cameras in a variety of consumer electronics, including as tablets, smartphones, and smart home appliances. Camera SoCs improve speed and save power by combining many functions, including image processing, on a single chip. The need for improved camera SoCs is being driven by the emergence of social media and the rising popularity of high-resolution photography and video recording. The expansion of surveillance cameras in security applications and the automotive industry’s embrace of camera-based driver assistance systems are also driving market growth.

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TRENDS INFLUENCING THE GROWTH OF THE CAMERA SOC MARKET:

The market for Camera SoCs is expanding as a result of IP cameras adopting 1080p resolution, which improves picture quality and detail—a critical component for surveillance and security applications. Better identification and monitoring are made possible by the sharper footage produced by high-definition 1080p cameras. Because home and business security systems depend on this enhanced picture quality, there is a growing need for sophisticated Camera SoCs that can handle these kinds of high resolutions. The need for higher-end surveillance capabilities is driving growth in the market for Camera SoCs that support 1080p resolution.

The market for Camera SoCs is expanding due to the emergence of 2K and 4K resolutions, which are raising the bar for picture quality in a number of applications such as consumer electronics, security, and professional video production. These higher resolutions are very desirable for capturing tiny details and enhancing overall visual experiences since they provide noticeably improved image clarity and detail when compared to normal HD. Advanced SoCs with effective data processing and transmission capabilities are required due to the growing popularity of 2K and 4K cameras. The market is growing because of this need, which drives the creation and commercialization of advanced Camera SoCs.

The growth of the Camera SoC market is primarily driven by automotive cameras, which play a crucial role in advanced driver assistance systems (ADAS) and autonomous driving technologies. To interpret real-time video data for applications like lane departure alerts, accident avoidance, and parking assistance, these cameras need high-performance SoCs. The need for strong Camera SoCs is rising as cameras are being integrated into cars more and more to improve safety and allow for autonomous functions. The market for Camera SoCs in automotive applications is growing significantly as the sector prioritizes safety features and keeps innovating.

Any further significant element propelling the growth of the Camera SoC market is the proliferation of security and surveillance systems. The installation of surveillance cameras has increased dramatically as a result of the growing need for reliable security solutions in the public, commercial, and residential domains. For monitoring and security applications, these systems need to provide crisp, dependable footage, which can only be provided by high-quality Camera SoCs. The market for Camera SoC is being driven ahead by the increased emphasis on property security, criminal prevention, and public safety, which is driving up demand for sophisticated surveillance cameras.

The market for Camera SoC is expanding at a substantial rate thanks in part to the proliferation of smart home appliances. The increased customer interest in home automation and security is driving the popularity of smart home security systems, baby monitors, and doorbell cameras. For these devices to provide flawless connection and high-quality video streaming, Camera SoCs must be dependable and effective. Sophisticated Camera SoCs are being developed and used at a faster rate due to the growing need for superior camera technology incorporated into smart home devices.

The market for Camera SoC is expanding as a result of the widespread use of drones for delivery services, photography, videography, and surveillance. Drones need small, light, and powerful camera systems that can record and take excellent pictures. For drones to handle visual data effectively, advanced camera SoCs are necessary. The market is growing as a result of the increasing usage of drones in many sectors and the resulting demand for high-performance Camera SoCs to improve imaging capabilities.

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CAMERA SOC MARKET SHARE:

The camera SoC market is comparatively concentrated worldwide, with the top 5 global firms holding a market share of more than 50%.

From a production standpoint, mainland China, Taiwan, and the United States account for the majority of the world’s camera SoC firms, with a combined market share of over 75%.

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Key Companies:

ISP CoQualcomm IncAmbarellaHisiliconTINXPIngenic SemiconductorSigmaStarAllwinnerTechnologyNovatekRockchipAxera TechnologyShanghai Fullhan MicroelectronicsASR MicroelectronicsVATICSVimicro CorporationNextchipAxis CommunicationsFATRI (Xiamen) TechnologiesShenzhen Grandhan

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DISCOVER MORE INSIGHTS: EXPLORE SIMILAR REPORTS!

–          IP Camera SoC Market

–          The global video surveillance market size was valued at USD 42.94 Billion in 2019, and is projected to reach USD 144.85 Billion by 2027, registering a CAGR of 14.6% from 2020 to 2027.

–          On-camera Monitor market is projected to reach USD 113.5 Million in 2029, increasing from USD 86 Million in 2022, with a CAGR of 4.2% during the period of 2023 to 2029.

–          Conference Camera Market

–          IoT Camera SoC Chips Market

–          SoC for HD IP Camera Market

–          HD IP Camera IPC SoC Front-end Chip Market

–          Smart Security SoC Market

–          Consumer Camera Drones market was valued at USD 5474.7 Million in 2023 and is anticipated to reach USD 19520 Million by 2030, witnessing a CAGR of 20.6% during the forecast period 2024-2030.

–          Network Video Surveillance SoC Chip Market

–          Security Network Video Surveillance SoC Chip Market

–          IPC SoC Front-End Chip Market 

–          Multispectral Imager market is projected to reach USD 56970 Million in 2029, increasing from USD 14530 Million in 2022, with a CAGR of 20.9% during the period of 2023 to 2029.

–          Travel Trailer and Camper Market

–          Mobile Phone Application Processor Market

–          Security Monitoring Chip Market

–          4K Video Decoding Chip Market

–          Flat-Field Scanning Lens market was valued at USD 276 Million in 2023 and is anticipated to reach USD 366.5 Million by 2030, witnessing a CAGR of 4.1% during the forecast period 2024-2030.

–          Consumer-Grade Aerial Photography Drone market was valued at USD 2868 Million in 2023 and is anticipated to reach USD 25440 Million by 2030, witnessing a CAGR of 36.6% during the forecast period 2024-2030.

–          Multispectral Imaging System Market

–          Portable Multispectral Imagers Market

–          Laser Scanning Lenses Market

–          VR Panoramic Camera Market

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Our team of market analysts can help you select the best report covering your industry. We understand your niche region-specific requirements and that’s why we offer customization of reports. With our customization in place, you can request for any particular information from a report that meets your market analysis needs.

To achieve a consistent view of the market, data is gathered from various primary and secondary sources, at each step, data triangulation methodologies are applied to reduce deviance and find a consistent view of the market. Each sample we share contains a detailed research methodology employed to generate the report. Please also reach our sales team to get the complete list of our data sources.

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KNEX Technology CTO Gustavo Gonzalez Elected 2025 President-Elect of OATUG

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Gustavo Gonzalez, KNEX Technology’s CTO, has been elected 2025 President-Elect of OATUG, emphasizing his dedication to Oracle innovation, collaboration, and leadership, including Ascend 2025’s strategic initiatives.

IRVINE, Calif., Jan. 10, 2025 /PRNewswire-PRWeb/ — KNEX Technology, a leading Oracle Cloud solutions provider, is proud to announce that its Chief Technology Officer, Gustavo Gonzalez, has been elected as the 2025 President-Elect of the Oracle Applications & Technology Users Group (OATUG). This esteemed appointment highlights Gonzalez’s longstanding commitment to advancing innovation and collaboration within the Oracle community.

OATUG has played a pivotal role in my professional growth, and it is a privilege to contribute to this community which has enriched my career. As President-Elect, I look forward to collaborating with my peers to strengthen the Oracle user community and further its impact on businesses worldwide.

In his new role, Gonzalez will work closely with the OATUG leadership team throughout 2025, preparing to serve as OATUG President in 2026. He will focus on empowering Oracle professionals worldwide by fostering knowledge-sharing, community engagement, and professional development. OATUG, a globally recognized organization, supports its members in overcoming challenges, enhancing the value of Oracle solutions, and driving organizational success.

“OATUG has played a pivotal role in my professional growth, and it is a privilege to contribute to this community which has enriched my career,” said Gustavo Gonzalez. “As President-Elect, I look forward to collaborating with my peers to strengthen the Oracle user community and further its impact on businesses worldwide.”

Gonzalez’s election underscores his dedication to giving back to the Oracle ecosystem. A key focus of his role will include shaping OATUG’s strategic initiatives, such as the annual Ascend Conference, which unites Oracle users, thought leaders, and technology innovators for unparalleled learning and networking opportunities.

The upcoming Ascend 2025 Conference, scheduled for June 8–11 in Orlando, Florida, promises to build on the success of the 2024 event, which attracted more than 1,800 attendees. With early bird registration now open, Gonzalez aims to ensure the conference continues to deliver transformative insights and experiences for the Oracle community.

About OATUG

The Oracle Applications & Technology Users Group (OATUG) is the premier global organization for Oracle users, providing year-round education, networking, and advocacy. OATUG empowers its members to unlock the full potential of Oracle solutions, fostering innovation and collaboration across industries.

About KNEX Technology

KNEX Technology is a trusted leader in Oracle Cloud solutions, delivering cutting-edge products and services to help businesses achieve their objectives. Through its innovative approach and customer-focused strategies, KNEX enables organizations to navigate the complexities of today’s technology landscape. For more information, visit www.knextech.com.

Media Contact

Husna Gyasi, KNEX Technology, 1 (949) 232-0786, husna.ghayaisi@knextech.com, https://knextech.com/

Twitter, LinkedIn

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SOURCE KNEX Technology

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Dr. Gerard van Belle Appointed Director of Science at Lowell Observatory, Charting a Bold Future for Research

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Dr. van Belle to guide scientific exploration and foster innovation in the next era of astronomical research

FLAGSTAFF, Ariz., Jan. 10, 2025 /PRNewswire/ — Lowell Observatory is pleased to announce the appointment of Dr. Gerard van Belle as the new Director of Science. Van Belle, who has been an astronomer at the observatory since 2011, has been serving as the interim Director of Science.

In his new role, van Belle will lead a diverse team of astronomers and planetary scientists. He will spearhead the observatory’s new Science Vision, which focuses on advancing research capabilities and implementing cutting-edge technological improvements supporting Lowell’s leadership in astronomical research.

Under his leadership, the science department will continue to advance Lowell Observatory’s mission to pursue the study of astronomy, including the study of our solar system and its evolution, and to conduct pure research in astrophysical phenomena.

Van Belle’s own research focuses on fundamental stellar parameters, including the sizes, shapes, masses, distances, and temperatures of various types of stars. He is also renowned for his expertise in optical and near-infrared astronomical interferometry.

He earned his bachelor’s degree in physics from Whitman College in 1990, followed by a master’s degree from The Johns Hopkins University in 1993, and a Ph.D. in physics from the University of Wyoming in 1996.

Throughout his career, van Belle has been instrumental in the development and commissioning of major optical interferometers worldwide, including the Palomar Testbed Interferometer, the Keck Interferometer, and the Very Large Telescope Interferometer. His pioneering work in stellar surface imaging earned him the inaugural Edward Stone Award for Outstanding Research Publication at NASA’s Jet Propulsion Laboratory in 2002.

In 2011, van Belle joined Lowell Observatory’s science staff, where he applied high-resolution astronomical techniques to detect nearby exoplanets and map stellar surfaces. He served as the Director of the Navy Precision Optical Interferometer (NPOI) in Flagstaff, Arizona, from 2017 to 2018, and subsequently as its Chief Scientist until 2022.

Notably, van Belle was among the astronomers who voted against the definition of ‘planet’ advanced during the 2006 International Astronomical Union (IAU) conference in Prague, which relegated Pluto to being a ‘dwarf planet’ (which according to the IAU resolution is not a planet).

His extensive experience and dedication to advancing astronomical research make him a valuable leader for Lowell Observatory’s scientific endeavors.

“I am honored to take on this role at such a pivotal time for Lowell Observatory,” said van Belle. “Our Science Vision will guide us in exploring new frontiers in astronomy while strengthening our commitment to public engagement and education.”

Executive Director Dr. Amanda Bosh expressed her confidence in van Belle’s leadership: “Gerard’s extensive experience and dedication to our mission make him the ideal person to lead our scientific endeavors. I look forward to working closely with him as we embark on this exciting new chapter for Lowell Observatory.”

For more information about Lowell Observatory’s research and public programs, visit lowell.edu.

About Lowell Observatory
Founded in 1894, Lowell Observatory in Flagstaff, Arizona, is a renowned nonprofit research institution. It is the site of historic and groundbreaking discoveries, including the first evidence of the expanding universe and the discovery of Pluto. Today, Lowell’s astronomers utilize global ground-based and space telescopes, along with NASA spacecraft, for diverse astronomical and planetary science research. The observatory hosts more than 100,000 visitors annually for educational tours, presentations, and telescope viewing through a suite of world-class public telescopes.

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SOURCE Lowell Observatory

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ALTICE USA IS ABANDONING LOCAL SPORTS FANS AND IS KEEPING MSG NETWORKS AND ITS KNICKS, RANGERS, ISLANDERS AND DEVILS COVERAGE OFF THE AIR

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NEW YORK, Jan. 10, 2025 /PRNewswire/ — MSG Networks released the following statement about their dispute with Altice USA:

“Altice USA has pulled their last proposal and walked away from negotiations to bring MSG Networks back to its Optimum subscribers. They also just dropped WPIX Channel 11 in New York and other local stations around the country. If you have been waiting, like we have, for them to do right by their customers – don’t wait any longer. Now is the time to switch to Verizon Fios who has a special offer for Optimum subscribers. Meanwhile, Optimum has been charging their over 1 million customers for local sports programming they have not been receiving and EVERY subscriber should be credited at least $10 a month.

Verizon Fios is ready to take your business. If you are not in Verizon Fios area, you can get games through these other providers DirecTV, DirecTV Stream, Fubo and The Gotham Sports App. For more options on how to switch providers, visit www.keepMSG.com.”

About MSG Networks

MSG Networks, a pioneer in sports media, owns and operates two award-winning regional sports and entertainment networks (MSG and MSG Sportsnet) and MSG+, a direct-to-consumer and authenticated streaming offering (included in the Gotham Sports App), that serve the nation’s number one media market, the New York DMA, as well as other portions of New York, New Jersey, Connecticut and Pennsylvania. The networks feature a wide range of compelling sports content, including exclusive live local games and other programming of the New York Knicks, New York Rangers, New York Islanders, New Jersey Devils and Buffalo Sabres, as well as significant coverage of the New York Giants and Buffalo Bills. This content, in addition to a diverse array of other sporting events and critically acclaimed original programming, has established MSG Networks as the gold standard in regional sports. MSG Networks is part of the Sphere Entertainment Co. (NYSE: SPHR).

Contact:

Dan Schoenberg (dan.schoenberg@msg.com)

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SOURCE Sphere Entertainment Co.

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