Promising Potentials in Video Analytics through AI Generate Incremental Opportunities

Construction cameras (time lapse cameras) are being extensively used to extract crucial and actionable data that can benefit project managers, engineers, and contractors to gain an update on progress at jobsites. This is evident since jobsite progress monitoring applications dominate the highest revenue among all applications in the construction camera (time lapse camera) market, with an estimated global volume of ~1,100 units by the end of 2030. As such, companies are capitalizing on incremental opportunities by harnessing the power of AI (Artificial Intelligence) for time lapse videos. For instance, Enterprise Ireland— an Irish state economic development agency, announced research, development & innovation (RD&I) funding for Evercam— a vendor for construction cameras (time lapse cameras) and project management software to apply AI and machine learning (ML) algorithms to its time lapse videos.

Apart from jobsite monitoring, project managers are using construction cameras for marketing purposes as well for avoidance of any disputes. Companies in the construction camera (time lapse camera) market are unlocking potentials in video analytics, which allows cameras to instantly recognize people and objects with the help of AI and ML.

construction camera market infographic

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ML-based Software Leverage Construction Cameras to Manage Diverse Information of Jobsites

Although Asia Pacific and Europe dictate the first and second-highest revenue, respectively, in the construction camera (time lapse camera) market, huge investments are being made by contractors in construction technology startups. This trend is paving the way for digital solutions to solve common construction-related problems. As such, manufacturers are increasing their production capabilities in 360 degree cameras that are capable of capturing images in every space of a jobsite and offers a living digital version of the construction site.

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Companies in the construction camera (time lapse camera) market are gaining efficacy in (ML) systems for faster processing of data. Apart from construction cameras (time lapse cameras), vendors are now tapping value-grab opportunities in software that support these cameras. Since information overload is one of the issues faced by project managers and contractors, companies are developing ML-based software that are capable of managing and assessing big piles of information in simplified ways.

IR Sensors in Cameras Deploy Accurate Skin Temperature Scanning to Contain COVID-19

In the light of the growing COVID-19 (coronavirus) threat, companies in the construction camera (time lapse camera) market are improving their production capabilities in infrared (IR) sensors and thermal cameras to monitor the temperature of workers at construction sites. Companies in the construction camera (time lapse camera) market are increasing efforts to flatten the curve of surging SARS-CoV-2 patients to implement strong and protective measures, while trying to keep the economy going. As such, construction sites in several countries are temporarily shutdown to break the chain of coronavirus.

Construction cameras (time lapse cameras) built with IR spot sensors that store simple temperature values and are fully compliant with privacy policies of contractors. The non-contact infrared thermometry temperature measurement is helping project managers to contain the spread of COVID-19 among workers and employees. There is a growing need for accurate skin temperature scanning for workers and managers alike.

construction camera market segmentation

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Analysts’ Viewpoint

Companies in the construction camera (time lapse camera) market can capitalize on the need for accurate skin temperature scanning via IR sensors in cameras to help contain the spread of COVID-19 among construction workers. Vendors are collaborating with installation companies to tap opportunities in international markets.

Though construction cameras are being extensively used for marketing purposes, the construction industry has a reputation for resistance against technological advances. Hence, companies should strategically position their products to lure contractors on avoidance of disputes with the help of AI and ML-enabled software. These software leverage construction cameras as well as generate actionable data to improve productivity levels at jobsites.

Construction Camera (Time Lapse Camera) Market: Overview

  • A construction camera is a time lapse camera, which is used to capture or record construction projects in an effortless manner. The construction or time lapse camera is primarily used for job site monitoring, and security of building materials, heavy-duty construction equipment, and also as a tool for marketing and promotion of construction projects, etc.

Construction Camera (Time Lapse Camera) Market: Regional Overview

  • Asia Pacific is considered the biggest market for construction cameras. The region accounted for 40.7% share of the global market in the year 2019. Rapid urbanization and rising construction/infrastructure development activities are significant reasons for growth of the construction camera (time lapse camera) market in recent years and the trend is expected to continue during the forecasted timeline. Advancement in terms of technology, and rise in usage of smart devices and cloud-based services is anticipated to create significant opportunities for manufacturers and distributors to expand their businesses in developing countries of the Asia Pacific region. China and India account for around 44% of the construction or time lapse market in the Asia Pacific region.

Construction Camera (Time Lapse Camera) Market: Trends

  • Growth of construction and infrastructure development activities are increasing the demand for construction cameras. Large number of construction companies use construction cameras for different purposes. Solar power driven construction cameras are also becoming very popular among end users, as it is economical and plays a significant role in remote construction of jobsites where alternate power sources are unavailable. End users are utilizing different types of construction cameras for specific purposes. Construction companies are installing fixed cameras at different locations to gain a wider view of the field. They use PTZ cameras to get a 360 degree view of job sites with zooming features.
  • Manufacturers are making effective use of technology to upgrade the features of construction cameras (time lapse cameras) and to expand their product portfolio and introduce new technologically-equipped construction cameras. Several companies are also expanding their businesses in different geographies by selling their exclusive range of construction cameras and accessories through online modes of distribution. Manufacturers also offer customized solutions as per the requirement of construction companies.

Construction Camera (Time Lapse Camera) Market: Drivers and Opportunities

  • The major driving factor for the construction camera (time lapse camera) market is the evolution of the construction industry. Globalization has led to an increase in the number of companies, industries, and commercial spaces. Rise in population globally has led to the expansion of the construction sector. Growth of the business environment generates the need for infrastructure development. Efficient, modern, and reliable infrastructure is important for smooth business operations. Infrastructure powers businesses, enables trade, connects workers to jobs, and makes it easy to commute.
  • Rapid technological advancements and artificial intelligence (AI) are being used to monitor jobsite progress with real-time, actionable data to improve jobsite productivity. Autonomous cameras equipped with ultra-high definition cameras and various other advance features can be controlled robotically.

Construction Camera (Time Lapse Camera) Market: Key Segments

  • The global construction camera (time lapse camera) market has been segmented based on product type, power, application, distribution channel, and region
  • In terms of product type, the global construction camera (time lapse camera) market has been divided into fixed camera, PTZ (Pan-Tilt-Zoom) camera, indoor camera, and mobile camera trailers
  • On the basis of power, the global construction camera (time lapse camera) market has been classified into AC (Alternating Current) Power Driven, DC (Direct Current) Power Driven, and Solar Power Driven
  • In terms of application, the global construction camera (time lapse camera) market has been divided into jobsite progress monitoring, security & surveillance, and marketing & promotion
  • On the basis of distribution channel, the global construction camera (time lapse camera) market has been classified into online and offline mode of distribution
  • Based on region, the global construction camera (time lapse camera) market has been divided into: North America (U.S., Canada, and Rest of North America), Europe (U.K., France, Germany, Italy, and Rest of Europe), Asia Pacific (China, Japan, India, and Rest of Asia Pacific), Middle East & Africa (GCC Countries, South Africa, and Rest of Middle East & Africa), and South America (Brazil and Rest of South America)

Construction Camera (Time Lapse Camera) Market: Competition Landscape

  • The global construction camera (time lapse camera) market is highly competitive with the presence of several global and regional players. Companies are investing in product innovation to expand their product portfolio and to ultimately increase their sales and profitability of business. Furthermore, large number of manufacturers are engaging with local manufacturers and distributors to increase their presence or reach in different parts of the globe.
  • Some of the key players operating in the construction camera (time lapse camera) market are 
    • Brinno Inc.,
    • CamDo Solutions
    • EarthCam, Inc.
    • ECAMSECURE
    • Enlaps (Tikee)
    • iBEAM Systems, Inc.
    • SENSERA SYSTEMS
    • TrueLook Construction Cameras
    • US Relay Corporation
    • Work Zone Cam, LLC
    • OxBlue Corporation
    • Digilant (Moreton Bay Systems), etc.

Construction Camera (Time Lapse Camera) Market – Scope of the Report

Transparency Market Research’s recent report on the construction camera (time lapse camera) market, with the help of a comprehensive outlook, provides readers with an assessment of the global market landscape. This study on the construction camera (time lapse camera) market analyzes the scenario for the period 2018 - 2030, wherein 2019 is the base year and 2018 and earlier is historical data. The report enables readers to make important decisions with regard to their business, through a wealth of information enclosed in the study.

TMR’s study on the construction camera (time lapse camera) market provides data on the developments undertaken by important players and stakeholders in the market, along with a competitive analysis. The report also provides an understanding of strengths, weaknesses, threats, and opportunities, along with trends and restraints in the landscape. Presented in a clear sanctioned manner, this report on the global construction camera (time lapse camera) market gives readers an individual understanding of the market.

The study discusses the underlying trends and impact of various factors that drive the global construction camera (time lapse camera) market, along with their influence on the evolution of the market.

The study also offers Porter’s Five Force Analysis, value chain analysis, key trends analysis, and SWOT analysis of the global construction camera (time lapse camera) market in order to highlight the crucial growth tactics and opportunities for market players.

Key Questions Answered in This Report on Construction Camera (Time Lapse Camera) Market

  • How much revenue will the construction camera (time lapse camera) market generate by the end of the forecast period?
  • What type of construction camera (time lapse camera) is likely to gain the maximum market share by 2030?
  • What regions currently contribute the maximum share to the overall construction camera (time lapse camera) market?
  • What are the indicators expected to drive the global construction camera (time lapse camera) market?
  • Which region is likely to be a lucrative market during the forecast period?
  • What are the essential strategies incorporated by key stakeholders in the global construction camera (time lapse camera) market to expand their geographical presence?
  • What are the major advancements in terms of technology witnessed in the global construction camera (time lapse camera) market?

The report answers these questions and more about the global construction camera (time lapse camera) market, aiding major stakeholders and key players in making the right decisions and strategizing for the advancement of their business.

Construction Camera (Time Lapse Camera) Market – Research Methodology

The TMR report on the global construction camera (time lapse camera) market is based on a complete and comprehensive evaluation of the market backed by secondary and primary sources. The competitive scenario of the global construction camera (time lapse camera) market is supported by an assessment of different factors that influence the market on a minute and granular level. By thoroughly analyzing the historical data and current trends, researchers of the global construction camera (time lapse camera) market arrive at predictions and estimations, and calculate the forecast for the market.

The report uses an analytical triangulation method to estimate the numbers and figures of the global construction camera (time lapse camera) market with both bottom-up and top-down approaches.

The detailed assessment of the global construction camera (time lapse camera) market, along with an overview of the landscape is provided based on a careful examination of the avenues related to this market. Analysts’ conclusions on how the global construction camera (time lapse camera) market is set to grow are based on carefully vetted primary and secondary sources.

Construction Camera (Time Lapse Camera) Market – Segmentation

The report on the global construction camera (time lapse camera) market provides information on the basis of product type, power, application, distribution channel, and region.

Product Type

Fixed Camera

PTZ (Pan–Tilt–Zoom) Camera

Indoor Camera

Mobile Camera Trailers

Power

AC Power Driven

DC Power Driven

Solar Power Driven

Application

Jobsite Progress Monitoring

Security & Surveillance

Marketing & Promotion

Distribution Channel

Online

Company-owned

Websites

e-Commerce Websites

Offline

Specialty Stores

Multi-brand Stores

Other Retail Stores

Region

North America

Europe

Asia Pacific

Middle East & Africa

South America

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Construction Camera Time Lapse Camera Market

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