Transparency Market Research delivers key insights on the global construction camera (time lapse camera) market. In terms of revenue, the global construction camera (time lapse camera) market is estimated to expand at a growth rate of 8% during the forecast timeline, owing to numerous factors regarding which TMR offers thorough insights and forecasts in the global construction camera (time lapse camera) market report.
In the report, TMR predicts that the global construction camera (time lapse camera) market would be largely driven by factors such as rise in construction or infrastructure development activities. Increasing trend of using advance intelligent security solutions is projected to create new opportunities for construction cameras (time lapse cameras) in the near future.
According to the construction camera (time lapse camera) market research report, based on product type, the market includes fixed camera, PTZ (Pan-Tilt-Zoom) camera, indoor camera, and mobile camera trailers. Fixed cameras are anticipated to dominate the global construction camera (time lapse camera) market. In terms of power, AC and DC power driven cameras accounted for around 76% market share in the year 2019. In remote locations and job sites, where supply of electricity is inconsistent, installation of solar-operated time-lapse cameras are considered the preferred option for end users.
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Based on application, jobsite progress monitoring is considered the preferred choice of end users in recent years. This segment dominated the market in the year 2019. In terms of distribution channel, the offline mode of distribution held over 67.5% of the market share in terms of value in the year 2019. However, the online mode of distribution is projected to expand rapidly during the forecast period.
Construction Camera (Time Lapse Camera) Market: Drivers, Opportunities, and Restraints
The major driving factor for the construction camera (time lapse camera) market is the evolution in the construction industry and rapid increase in number of infrastructure development projects in emerging economies of the globe. Advancement in terms of technology and launch of construction cameras (time lapse cameras) with innovative features is anticipated to create new business opportunities for manufacturers and distributors of construction cameras (time lapse cameras) in the near future. Live jobsite monitoring, customized time lapsing, and 24/7 intelligent security with motion alerts has made things simple for project managers, owners, and other prominent stakeholders of the business.
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.
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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.
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.