Construction Camera Market: Global opportunity analysis and industry forecast, 2022-2029 Market

Construction camera is an important instrument in the construction industry. Construction camera is also known as the time lapse camera. Time lapse is a technique in which the pictures are captured at a different time and merged. When the captured images are played by using a time lapse technique, the playback speed of these images increases. By using time lapse or construction camera at the construction project site, important and crucial data can be extracted. Time lapse camera helps the site manager to monitor the important factors such as the progress of the work and to detect any problem which was neglected unintentionally.

Market scope and structure

COVID-19 scenario analysis:

• The demand for construction camera is expected to decrease in the year 2020 due to low demand from different industries such as construction industry due to the lockdown imposed by government of many countries.
• COVID-19 pandemic has shut-down the production of various products in the construction camera industry, mainly owing to the prolonged lockdown in major global countries. This has hampered the growth of construction camera market significantly from last few months, as is likely to continue during 2020.
• COVID-19 has already affected the sales of equipment and machinery in the first quarter of 2020 and is likely to cause a negative impact on the market growth throughout the year. 
• The major demand for equipment and machinery was previously noticed from giant manufacturing countries including the U.S., Germany, Italy, the UK, and China, which is badly affected by the spread of corona virus, thereby halting the demand for equipment and machinery.
• Further, potential impact of the lockdown is currently vague and financial recovery of companies is totally based on its cash reserves. Equipment and machinery companies can afford a full lockdown only for a few months, after which the players would have to modify their investment plans.
• Equipment and machinery manufacturers must focus on protecting their workforce, operations, and supply chains to respond toward immediate crises and find new ways of working after COVID-19 infection cases start to decrease.

Top impacting factors:

Construction camera or time lapse camera is considered as the perfect tool for the marketing and monitoring of the construction site. Whole construction process can be captured with the help of time lapse camera and by looking at the footage captured by the camera, defects can be identified and then further process is carried out to remove those defects. Time lapse camera proves to be a very effective tool for marketing of the construction projects. The images in the time lapse camera are captured with low frequency frame rate as compare to the actual or normal frequency frame rate. This gives the impression that, very less time has been taken to complete the construction of the building or a project. 

The new technologies such as artificial intelligence (AI) and machine learning (ML) have been implemented in the time lapse camera. Because of this, real-time progress of the construction project can be observed and necessary actions could be taken in case of lower efficiency. This helps the construction project to complete in predefined time and also, good quality of the work can be maintained. Lots of information regarding the project has to be maintained by the construction project manager and it becomes a difficult task to maintain and record the information. Hence, with the help of machine learning software, the information can be stored in the time lapse camera. Time lapse cameras are equipped with the ultra-high definition camera. Sometimes robotically controlled time lapse cameras are also used to get better results. All these factors are important factors for the growth of construction camera market.

New product launch to flourish the market:

Many companies in construction camera market are developing and introducing new products to the market. These new products are technologically more advanced than the previous range of their products. These new products are more efficient and effective in their performance and are widely used in the industry.

In November 2018, EarthCam, one of the leaders in construction camera technology has launched newly developed software named as Control center 8 software-as- a-service (SaaS) version 8.5. This software is based on the AI and ML technology. By using this software, the construction camera can capture the high quality images and also the streaming of the high quality videos can be done with the help of 4G LTE network. 

Key driving factors for the growth of construction camera market:

The number of construction projects are increasing in different countries across the globe. For the smooth working of the construction project, the project head needs to keep an eye on all the processes involved in the project. By using construction camera, the processes can be analyzed and necessary actions can be taken in case of any faults. Hence, the demand for construction camera is expected to rise during the forecast period.  

Key segments covered:

Key benefits of the report:

• This study presents the analytical depiction of the construction camera market along with the current trends and future estimations to determine the imminent investment pockets.
• The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the market share.
• The current market is quantitatively analyzed from 2020 to 2027 to highlight the market growth scenario.
• The report provides a detailed construction camera market analysis based on competitive intensity and how the competition will take shape in coming years.

 Construction Camera Market: Global opportunity analysis and industry forecast, 2020-2027 Report Highlights