At 16.3% CAGR, the Asia Pacific USB Camera Controller Market is Projected to be Worth US$ 2,173.71 million by 2030, says The Business Market Insights

According to the Business Market Insights’ research, the Asia Pacific USB camera controller market was valued at US$ 756.50 million in 2023 and is expected to reach US$ 2,173.71 million by 2030, registering a CAGR of 16.3% from 2023 to 2030. Rising construction projects worldwide and growing mining activities are the critical factors attributed to the Asia Pacific USB camera controller market expansion.

The rising demand for different metals and minerals is increasing mining activities worldwide. Various countries are increasing their investment to expand their mining site to fulfill this rising demand. Similarly, according to the government of Western Australia, in 2022, ~US$ 26 billion was invested in Western Australia’s mining and petroleum sectors. Such growing investment in the mining industry will further raise mining production worldwide. According to the Statistics of the Swedish Mining Industry 2021 report, in 2021, Swedish ore production reached 88.6 million metric tons, a rise of 22% since 2015. Also, as per the Australian Bureau of Statistics, mining production in Australia increased by 5.7% in the first quarter of 2023. Thus, such growing mining production worldwide is expected to raise the demand for security and monitoring to ensure the safety of employees, equipment, or materials. This increasing need for real-time monitoring is raising the demand for USB cameras with controllers at the mining site, as the authorities can check every movement at the mining site by moving the camera through its controller and focusing on any particular area when needed. Through this, the authorities can detect any suspicious activities at the site and provide an alert in case of any danger. Hence, the growing mining activities worldwide are boosting the growth of the USB camera controller market.  

On the contrary, rise in preference for software controllers for USB cameras hurdles the growth of Asia Pacific USB camera controller market.

Based on type, the Asia Pacific USB camera controller market is segmented into USB 2.0 and USB 3.0. The USB 2.0 segment held 56.4% share of Asia Pacific USB camera controller market in 2023, amassing US$ 426.58 million. It is projected to garner US$ 1,140.30 million by 2030 to expand at 15.1% CAGR during 2023–2030.

Based on device type, the Asia Pacific USB camera controller market is segmented into joystick and remote. The joystick segment held 64.4% share of Asia Pacific USB camera controller market in 2023, amassing US$ 487.03 million. It is projected to garner US$ 13,18.71 million by 2030 to expand at 15.3% CAGR during 2023–2030.  

Based on connectivity, the Asia Pacific USB camera controller market is segmented into wired and wireless. The wired segment held 52.6% share of Asia Pacific USB camera controller market in 2023, amassing US$ 397.56 million. It is projected to garner US$ 1,043.30 million by 2030 to expand at 14.8% CAGR during 2023–2030.

Based on application, the Asia Pacific USB camera controller market is segmented into residential and non-residential. The non-residential segment held 53.2% share of Asia Pacific USB camera controller market in 2023, amassing US$ 402.67 million. It is projected to garner US$ 1,209.97 million by 2030 to expand at 17.0% CAGR during 2023–2030.

Based on country, the Asia Pacific USB camera controller market has been categorized into Taiwan, China, Japan, India, South Korea, and the Rest of Asia Pacific. Our regional analysis states that China captured 36.5% share of Asia Pacific USB camera controller market in 2023. It was assessed at US$ 276.12 million in 2023 and is likely to hit US$ 919.48 million by 2030, exhibiting a CAGR of 18.8% during the forecast period.      

Key players operating the Asia Pacific USB camera controller market are Aver Information Inc, Genesys Logic Inc, Infineon Technologies AG, Realtek Semiconductor Corp, Shenzhen Minrray Industry Co Ltd, Sonix Technology Co Ltd, Sony Group Corp, and SZ Tenveo, among others.   

• In 2021, Infineon Technologies AG created a turnkey solution with its Time-of-Flight (ToF) partner pmdtechnologies and the premier vision-based imaging specialist ArcSoft that allows a ToF camera to work under the display of commercial smartphones. It will deliver consistent, high-quality infrared pictures and 3D data for security applications such as facial authentication and mobile payment.
• In 2023, Sony Electronics has released a new version (Version 1.08) of the Camera Remote Software Development Kit (SDK), which enables remote camera operation and setting adjustments. Version 1.08 expands the compatible models and broadens the variety of potential applications with additional capabilities. The SDK can now be utilized with the ZV-E1 full-frame interchangeable lens camera, thanks to version 1.08.

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