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Assumptions: Webcams used by households not for security, does not include devices like Facebook portal, Google Nest hub etc.
Also exlude devices sold with integrated webcams.
Who typically buys webcams:
1. households for personal use (need to account for uplift due to covid)
2. schools and classrooms for educational purposes
3. video bloggers and gamers
Avg webcam refresh cycle 2-3 years. Let's use 3.
1.
100M households in US.
90% internet penetration = 90M HH
80% have PC/laptop at home = 70M devices
Assume 3/4 of these are laptops and 1/4 are PCs
50M laptop and 20M PCs
say on avg 10% of laptops buy an external webcam, and 50% of PCs buy external webcam
5M/3yr = 1.5 webcams. Covid uplift would likely either shorten refresh cycle or more people would buy it so I'm going to double it to 3M webcams.
50% of PCs buying a webcam every 3 years =
(20M * 0.5) / 3 = 3M
Total is 3M+ 3M = 6M for household use.
2. Students in classrooms buying webcams (I followed the same reasoning as below)
students needing this 10-18yrs, assuming normal distribution of age with lifespan of 80yrs = 8/80 * 330M = 33M students.
one webcam for every 30 students = 1M
refresh cycle of 3 years = 300K
3. Gamers, video bloggers.
Gamers = likely male heavy so lets say out of 150M male population 5% are avid gamers = 8M gamers
Refresh cycle for gamers would be less so say 2 years
4M gaming webcams
Video bloggers - 1 video blogger for every 500K (assume each blogger has about 500K viewers/subscribers) so
1/500K * 300M = 600 bloggers (seems low)
avg refresh would be lower of 2 years = 300 webcams.
Total of 1 + 2 + 3
6M + 300K + 300 = 6,300,300 webcams sold.
Assumption: We are talking about webcams for video calls (not for security\tracking purposes)
The Equation: Webcams sold for households + webcams sold for schools + webcams sold for workplaces
Households
Population 330M
Average household 3
100M households
Assumptions
if a house has a webcam, it will only have a single cam
most of the new laptops bought include a webcam
90% of the US population have internet access -> 90M households with internet
95%+ of the webcams that are bought, bought for stationary computers
(a big assumption) 30% of the households have a stationary computer -> 33M
(another big assumption) out of those, 25% has webcam -> 8M
People buy a webcam on average every 3 years -> during 2020, 2.6M webcams were bought by households
Schools
Assumptions:
Schools own a neglected amount of webcams (why should a student have a webcam?)
For things that I currently can’t think of, I would like to assume that for students at the age of 10-18, schools own a webcam for every 30 students.
How many students we have at the age 10-18 => [8/80] X [330M] = 33M students
A web cam for every 30 students -> 1M webcams
If buying a webcam every 3 year -> during 2020 -> 350K cams were bought by schools.
Work \ Professional
Independent professional gamers + professional video content creator =>
0.1% of population => 300k -> buy cam every 3 years (they buy more expensive ones) -> during 2020 -> 100k cams were bought by independent professionalsWorkplaces -> most of the workplaces that need cams are using laptops.
How many people may need cams in their workplace?
I would assume 10% of the people at the age of 25-55 =>10% X [⅜] X 330M = ~12M
I assume that 60% of them user laptops
60% X [How many people with laptops would like to have a standalone cam = 10% ] => 720k
40% x 12M = 4.8M
In total 5.5M, dividing in 3 year => 1.8M cams
Summarizing = 1.8M + 350k + 2.6M = 4.75M computer cams were bought during 2020 in US
I didn’t take into account: Covid19 -> more people moving to work from home and to study from home, and usually, they try to make the work station comfortable.
I assume that during Covid19, there was an increase in purchases of webcams by households while there was a decrease in purchases for workplaces.
Clarifying:
+ I'm only considering the use of webcam for a personal use, whom because of covid, they needed to either use a webcam for home, school, or seeing family. So anyone setting up webcams to keep an eye on kids or property is not accounted for.
+ I'm including in webcam sales, the integrated webcams in new sales of tablets or laptops. Or is this meant to only capture usb devices?
Plan:
I'm taking the total # of people, and removing people for various reasons.
Estimations:
Considering 300M people in the US (to round for easy math)
- 20% are illegible. Because too young (not school age), too old, or other.
- 50% already had a laptop or tablet with a webcam. This is a huge assumption about pre-covid market. Double checking my reasoning: The % of population in workforce is around 60%, whitecollar (is there a better term), but about 20% of highschool/college age .
Math:
This leaves 20% of 300M = 60M standalone and integrated webcams sold.
If not taking into account integrated webcams, this comes down dramatically. Say, by a factor of 10, so, I would end up with 6M. Here we're assuming laptop/tablet sales are 10x the sales of desktops.
Adding 6M or .6M to totals to remove rounding error
Result:
Standalone + integrated = 66M
Stanalone only = 6.6M
Sources of error:
People who have both integrated and standalone devices. Assuming devices are only connected to desktops.
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