The USB camera controller market size is projected to reach US$ 4.87 billion by 2030 from US$ 1.82 billion in 2023. The market is expected to register a CAGR of 15.1% during 2023–2030. Increasing demand for high-resolution and high-image quality USB cameras with controllers is likely to remain a key trend in the market.
A growing number of construction activities across the globe and rising mining activities are driving the market. The market is anticipated to grow during the forecast period due to the growing machine vision application. Moreover, expanding the esports market is creating lucrative opportunities for the market.
A USB camera controller allows the operator to control and communicate with the camera. It connects via a USB interface and enables operators or users to remotely operate a camera's many functions and settings.
The market for USB camera controllers has grown and evolved significantly in recent years. The increasing demand for camera controllers in industrial and scientific applications drives the USB camera controller market. USB camera-controlling equipment is used in a variety of fields, including scientific research, industrial imaging, and machine vision. The need for precise and accurate control over camera functionalities fuels the demand for USB camera controllers in these domains. Furthermore, rising demand for professional photography and videography could open up new growth prospects for the industry in the future years.
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USB Camera Controller Market: Strategic Insights
The construction industry of the country has seen huge growth due to the increasing number of residential and non-residential construction activities. For instance, The U.S. Census Bureau and the U.S. Department of Housing and Urban Development announced the new residential construction statistics for May 2023, under which 1,491,000 new building construction is permitted and construction of 1,518,000 houses completed. Also, in May 2023, the construction of 1,631,000 new houses started, which is an increase of 5.7% compared to the May 2022 rate of 1,543,000. With the growing residential construction, the need for USB cameras with controllers for the security and monitoring of the area is increasing, further fueling the market growth. Furthermore, the growing esports industry in the country is expected to fuel the market growth. According to the Federal Reserve Bank of St. Louis, in 2021, esports generated ~US$ 243 million in revenue in the US. The growing esports industry requires live streaming, which is raising the need for USB cameras with controllers as it is easier to move and focus these cameras according to the needs. Hence, the growing construction and esports industry is boosting the growth of the USB camera controller market in the US.
The esports market is witnessing tremendous growth. According to the forecasting by the ITA, the esports market of the country is expected to reach US$ 71 million in 2022 and more than US$ 129 million by 2025. This growth is particularly due to the presence of several major video game companies, including Sony and Nintendo. Also, the market's growth can be attributed to the rising demand for online competitions and esports events, leading to an increase in streaming and viewing hours, further resulting in a rise in the value of broadcast rights. The growing esports streaming in the country is expected to raise the need for USB cameras with controllers to film the event, boosting the growth of the USB camera controller market in Japan.
Furthermore, the country is witnessing an increase in housing construction. According to the Ministry of Land, Infrastructure, Transport, and Tourism (MLIT) statistical survey, construction of ~865,909 new houses started in 2021, a rise of 6.6% from 2020. The growing construction of residential projects will raise the demand for USB cameras with controllers for security, boosting the market growth during the forecast period.
Key segments that contributed to the derivation of the USB camera controller market analysis are type, device type, connectivity, and application.
The geographic scope of the USB camera controller market report is mainly divided into five regions: North America, Asia Pacific, Europe, Middle East & Africa, and South & Central America.
The market in Europe is projected to expand during the forecast period growing number of construction activities. Germany is one of Europe's largest construction markets, accounting for over 10% of its GDP annually. As a result, the construction industry plays a significant role in Germany's economic growth. The German construction sector is experiencing a surge in construction projects as a result of rapid urbanization and the demand for housing. Some of the largest construction projects initiated in Germany in 2022 are listed below:
The regional trends and factors influencing the USB Camera Controller Market throughout the forecast period have been thoroughly explained by the analysts at Insight Partners. This section also discusses USB Camera Controller Market segments and geography across North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America.
| Report Attribute | Details |
|---|---|
| Market size in 2023 | US$ 1.82 Billion |
| Market Size by 2030 | US$ 4.87 Billion |
| Global CAGR (2023 - 2030) | 15.1% |
| Historical Data | 2021-2022 |
| Forecast period | 2024-2030 |
| Segments Covered |
By Type
|
| Regions and Countries Covered | North America
|
| Market leaders and key company profiles |
The USB Camera Controller Market market is growing rapidly, driven by increasing end-user demand due to factors such as evolving consumer preferences, technological advancements, and greater awareness of the product's benefits. As demand rises, businesses are expanding their offerings, innovating to meet consumer needs, and capitalizing on emerging trends, which further fuels market growth.
Market players density refers to the distribution of firms or companies operating within a particular market or industry. It indicates how many competitors (market players) are present in a given market space relative to its size or total market value.
Major Companies operating in the USB Camera Controller Market are:
Disclaimer: The companies listed above are not ranked in any particular order.
The USB camera controller market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. A few of the developments in the USB camera controller market are listed below:
The “USB Camera Controller Market Size and Forecast (2020–2030)” report provides a detailed analysis of the market covering below areas:
The global USB camera controller market is estimated to register a CAGR of 15.1% during the forecast period 2023–2030.
The key players holding majority shares in the global USB camera controller market are Infineon Technologies AG, Realtek Semiconductor Corp, Sony Group Corp, Aver Information Inc, Genesys Logic Inc, Shenzhen Minrray Industry Co Ltd, TREEHAVEN Technologies Inc, PTZOptics, SZ Tenveo, and Sonix Technology Co Ltd.
The global USB camera controller market is expected to reach US$ 4.87 billion by 2030.
Increasing demand for high resolution and high image quality USB cameras with controllers market in the coming years.
Europe dominated the USB camera controller market in 2023.
The growing number of construction activities across the globe and rising mining activities are the major factors that propel the global USB camera controller market.