At 15.5% CAGR, the North America USB Camera Controller Market is Projected to be Worth US$ 1,382.03 million by 2030, says The Business Market Insights

According to the Business Market Insights’ research, the North America USB camera controller market was valued at US$ 503.49 million in 2023 and is expected to reach US$ 1,382.03 million by 2030, registering a CAGR of 15.5% from 2023 to 2030. Rising construction projects worldwide and growing mining activities are the critical factors attributed to the North America USB camera controller market expansion.                     

The construction of commercial and residential buildings is growing worldwide, majorly in developing countries. Several government initiatives are supporting the growth of the housing industry.

The market growth in North America is attributed to the growing number of commercial construction projects. For instance, in Q2 of 2022, the construction of the Eight Office Tower project started, which is expected to be completed in Q1 of 2024. It will be a 25-story office tower in Washington, the US. Post construction of such projects, the need for high-end security and surveillance is expected to raise the demand for USB cameras as users can control them through their remote or joystick and move or focus them at different places in the camera range.

Thus, the rise in residential and commercial construction projects globally is raising the demand for USB cameras with controllers to provide security and surveillance in the building or area, further fueling the growth of the USB camera controller market.  

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

Based on type, the North America USB camera controller market is segmented into USB 2.0 and USB 3.0. The USB 2.0 segment held 58.3% share of North America USB camera controller market in 2023, amassing US$ 293.77 million. It is projected to garner US$ 764.81 million by 2030 to expand at 14.6% CAGR during 2023–2030.

Based on device type, the North America USB camera controller market is segmented into joystick and remote. The joystick segment held 60.2% share of North America USB camera controller market in 2023, amassing US$ 302.95 million. It is projected to garner US$ 748.00 million by 2030 to expand at 13.8% CAGR during 2023–2030.  

Based on connectivity, the North America USB camera controller market is segmented into wired and wireless. The wireless segment held 51.7% share of North America USB camera controller market in 2023, amassing US$ 260.50 million. It is projected to garner US$ 789.31 million by 2030 to expand at 17.2% CAGR during 2023–2030.

Based on application, the North America USB camera controller market is segmented into residential and non-residential. The non-residential segment held 55.2% share of North America USB camera controller market in 2023, amassing US$ 277.90 million. It is projected to garner US$ 793.02 million by 2030 to expand at 16.2% CAGR during 2023–2030.

Based on country, the North America USB camera controller market has been categorized into the US, Canada, and Mexico.  Our regional analysis states that the US captured 59.1% share of North America USB camera controller market in 2023. It was assessed at US$ 297.61 million in 2023 and is likely to hit US$ 863.49 million by 2030, exhibiting a CAGR of 16.4% during 2023–2030.      

Key players operating in the North America USB camera controller market are Infineon Technologies AG, 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., 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 2021, The VC520 Pro2 Conferencing System and CAM520 Pro2 Conferencing Camera from Aver Information Inc. provided superior camera technology and updated smart AI functions for futuristic meetings. It has a wireless USB controller that allows it to handle many cameras at the same time.

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