Webcam Global Market Report 2024

The webcam market size has grown rapidly in recent years. It will grow from $9.19 billion in 2023 to $10.25 billion in 2024 at a compound annual growth rate (CAGR) of 11.5%. The growth in the historic period can be attributed to the rise in remote work and virtual meetings, the growing online education sector, an increase in video content creation, the rise of social media and live streaming, as well as the expansion of telehealth and virtual healthcare services.

The webcam market size is expected to see rapid growth in the next few years. It will grow to $16.34 billion in 2028 at a compound annual growth rate (CAGR) of 12.4%. The anticipated growth in the forecast period is driven by the adoption of hybrid work models, changes in the education landscape, the influence of content creation and influencer culture, advancements in telemedicine, and the increasing integration of video conferencing solutions. Major trends expected in this period include the incorporation of high resolution and 4K capabilities, the development of compact and portable designs, deeper integration with collaboration platforms, applications for gaming and content creation, and a focus on sustainability and eco-friendly design.

The webcam market is experiencing substantial growth due to the heightened demand for security and surveillance. Security and surveillance activities involve monitoring to prevent crime, gather intelligence, and investigate criminal activities. The increasing emphasis on home security and surveillance is driving the adoption of webcams for these purposes, consequently boosting the growth of the webcam market. For example, according to reports from Times Now, a news channel in India, the Delhi Police recorded a 30-40% increase in street crimes such as theft, robbery, snatching, and rape in 2021. These trends underscore the growing need for security and surveillance, which is fueling the expansion of the webcam market.

The rising trend of remote work is indeed expected to fuel the growth of the webcam market. As remote work becomes more prevalent, webcams have become essential tools for enabling communication, collaboration, and virtual meetings. The data from the United States Census Bureau, highlighting the significant percentage of the workforce engaged in remote work in various regions, underscores the increasing reliance on remote work arrangements. As more individuals and businesses adopt remote work practices, the demand for webcams to support these activities is expected to rise, driving the growth of the webcam market.

Technological advancements play a significant role in shaping the webcam market. These advancements involve the discovery and application of knowledge to further improve technological capabilities. Major players within the webcam industry are actively developing smart webcams integrated with advanced technologies, including artificial intelligence, to expand their consumer base. For instance, in June 2021, Hikvision, a China-based manufacturer and supplier specializing in video surveillance equipment and IoT solutions, unveiled four new webcam products: Ultra, Pro, Live, and Value models. These Hikvision cameras are designed for seamless installation via a standard USB interface without the need for drivers, allowing users to initiate conferencing or streaming within seconds. These webcams feature HIKIN, a PC-based client software that enables users to preview videos and adjust visual and sound parameters, enhancing the overall user experience and functionality. This exemplifies the industry's focus on incorporating advanced technologies into webcam solutions to provide convenient, high-quality, and user-friendly experiences for consumers.

Major players in the webcam market are innovating by introducing cutting-edge products such as 4K ultra-HD webcams to cater to broader customer bases, drive sales, and boost revenue. A 4K ultra-HD webcam is a high-resolution camera engineered to capture videos and images with exceptional clarity and intricate detail. For instance, in May 2022, AVerMedia Technologies, a leading company from Taiwan specializing in audio and video peripherals, streaming, and embedded vision solutions, unveiled the PW515. This webcam stands out as a top-tier 4K device, guaranteeing unparalleled video quality for users engaging across various conferencing platforms such as Zoom, Microsoft Teams, and Google Meet, regardless of lighting conditions. Its standout feature lies in the integration of a large Sony 4K sensor, enabling it to capture more light compared to standard webcams. Furthermore, the inclusion of HDR and 3DNR technology enhances color vibrancy, while intelligent features ensure optimal performance in challenging lighting scenarios, including bright backlights or dimly lit rooms. With a wide 100-degree ultra-wide field of view, the PW515 ensures all participants remain within the frame. Notably, its AI gesture recognition capability allows users to effortlessly activate AI framing, keeping everyone in focus without requiring a remote control, thereby minimizing disruptions during video conferences. This advanced technology represents a significant leap forward in webcam innovation, catering to the evolving needs of a diverse user base.

In April 2021, Cisco, a US-based networking hardware manufacturer known for producing webcams, and NEC Corporation, a Japan-based company specializing in information technology and electronics, expanded their collaboration by forging a Global System Integrator Agreement. This agreement aims to expedite the implementation of cutting-edge 5G IP transport network solutions on a global scale. This partnership within the network solution ecosystem is set to fortify and build upon the companies' achievements, enabling them to effectively address diverse customer needs in the market.

Major companies operating in the webcam market report are Apple Inc., Samsung Electronics Co. Ltd., Microsoft Corporation, Huawei Technologies Co. Ltd., Hitachi Ltd., Sony Corporation, Lenovo Group Limited, LG Electronics Inc., Panasonic Corporation, Intel Corporation, HP Inc., Cisco Systems Inc., Xiaomi Corp., Mitsubishi Electric Corporation, Canon Inc., Fujitsu Limited, NEC Corporation, Toshiba Corporation, Sharp Corporation, Koninklijke Philips N.V., ASUSTeK Computer Inc., Acer Inc., Logitech International SA, Razer Inc., D-Link Systems Inc., Quantum Corporation, Creative Technology Ltd., Vivitar Corporation, KYE Systems Corp., Ausdom Global Inc., A4TECH Co. Ltd., Shenzhen Teng Wei Video Technology Co. Ltd., Seiko Epson Corporation, Brother Industries Ltd., Casio Computer Co. Ltd., Seiko Holdings Corporation, Ricoh Company Ltd., Olympus Corporation, Nikon Corporation, GoPro Inc.

North America was the largest region in the webcam market in 2023. Asia-Pacific is expected to be the fastest-growing region in the webcam market report during the forecast period. The regions covered in the webcam market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the webcam market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The primary products in webcams are USB and wireless webcams. USB cameras, which are directly plugged into a computer's USB port, fall under this category. Software applications within the computer allow users to view images captured by USB cameras. Webcams are available with both analog and digital technology and serve various purposes such as video conferencing, security and surveillance, visual marketing, entertainment, live events, and more. These webcams are utilized by a range of end-users including healthcare providers, tourism services, retail shopping centers, enterprises, and others.

The webcam market research report is one of a series of new reports that provides webcam market statistics, including webcam industry global market size, regional shares, competitors with a webcam market share, detailed webcam market segments, market trends and opportunities, and any further data you may need to thrive in the webcam industry. This webcam 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 webcam market consists of sales of integrated webcam, external webcam, and network 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.