Web Camera Market Insights Video

According to Cognitive Market Research, the global web camera market size is USD 7915.2 million in 2023 and will expand at a compound annual growth rate (CAGR) of 7.80% from 2023 to 2030.

• North America held the major market of more than 40% of the global revenue with market size of USD 3166.08 million in 2023 and will grow at a compound annual growth rate (CAGR) of 6% from 2023 to 2030
• Europe Web Camera is projected to expand at a compound annual growth rate (CAGR) of 6.7% from 2023 to 2030, Europe accounted for a share of over 30% of the global market size of USD 2374.56 million
• Asia Pacific held the market of more than 23% of the global revenue with a market size of USD 1820.50 million in 2023 and will grow at a compound annual growth rate (CAGR) of 9.8% from 2023 to 2030
• Latin America market has more than 5% of the global revenue with market size of USD 395.76 million in 2023 and will grow at a compound annual growth rate (CAGR) of 7.2% from 2023 to 2030
• Middle East and Africa held the major market of more than 2% of the global revenue with market size of USD 158.30 million in 2023 and will grow at a compound annual growth rate (CAGR) of 7.5% from 2023 to 2030
• The demand for web cameras is rising due to the growing use of automated guided vehicles (AGVs) and unmanned aerial vehicles (UAVs) in commercial settings and soaring demand for surveillance systems.
• Demand for wireless types remains higher in the web camera market.
• The commercial category held the highest web camera market revenue share in 2023.