Research Nester released a report titled “GigE Camera Market: Global Demand Analysis & Opportunity Outlook 2030” which delivers detailed overview of the global GigE camera market in terms of market segmentation by type, end-user, and by region.
Further, for the in-depth analysis, the report encompasses the industry growth indicators, restraints, supply and demand risk, along with detailed discussion on current and future market trends that are associated with the growth of the market.
The global GigE camera market is projected to grow with a moderate CAGR during the forecast period, i.e., 2022-2030, on account of the high video transmission efficiency of the GigE cameras, along with their ability to connect with several devices. GigE cameras can transfer data at high speeds while maintaining video efficiency. These benefits allow the GigE camera to become one of the most used camera interfaces for industrial image processing, which is estimated to boost the market growth. The increasing need to upgrade transport infrastructure globally requires the deployment of GigE cameras to ensure optimum regulation of speed, toll, and red lights, which is projected to contribute majorly to the market growth.
The global GigE camera market is segmented by type into line scan camera and area scan camera. Among these segments, the area scan camera segment is anticipated to hold the largest share by the end of 2030, in the GigE camera market owing to its ease of installation, along with various benefits provided by this camera as compared to its counterpart. Area scan camera provides a fixed resolution and increased flexibility as compared to the line scan camera, which is expected to boost the segment growth. On the basis of end-user, the market is segmented into automotive, security & surveillance, pharmaceutical, medical diagnostics, logistics, semiconductor & electrical, and others. The security & surveillance segment is expected to grow significantly throughout the forecast period, on the back of the growing adoption of GigE cameras to overlook various aspects of public security, including the transport & security infrastructure globally.
On the basis of region, the market is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa, out of which the GigE camera market in the Asia Pacific is projected to grow at the highest CAGR throughout the forecast period owing to the rising awareness about the technology and increase in research expenditure associated with the electric vehicles manufacturing in the region. Currently, the market in North America holds the largest share. This can be attributed to the amplified use of GigE cameras in various sectors in the region, such as security & surveillance, transportation, and medical imaging, especially in the United States, accompanied by the presence of leading manufacturers of highly advanced cameras.
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High Video Transmission Efficiency of GigE Cameras to Drive Market Growth
The total expenditure for public surveillance in the United States in 2019, stood at USD 23.6 billion.
Public security is one of the major concerns for governments worldwide, especially regarding road safety, crime in public areas, and violence. GigE cameras are being extensively used for surveillance, which is anticipated to boost the market growth. Advantages, such as, high resolution imaging, high video transmission efficiency and the ability of the GigE camera to connect with several devices are also expected to boost the market growth in upcoming years.
However, the high load on CPU due to faster speed & resolution and the need for universal drivers to use the data are some of the factors that are estimated to restrain market growth in the near future.
This report also provides the existing competitive scenario of some of the key players of the global GigE camera market, which includes company profiling of Rockwell Automation, Inc., Basler AG, Allied Vision Technologies GmbH, Teledyne DALSA, Toshiba Teli Corporation, Multipix Imaging Ltd, Matrox Imaging Ltd, JAI A/S, Baumer Holding AG, and Qualitas Technologies Pvt Ltd. The profiling enfolds key information of the companies, which encompasses business overview, products and services, key financials, and recent news and developments. On the whole, the report depicts detailed overview of the global GigE camera market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities, and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
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Research Nester is a one-stop service provider with a client base in more than 50 countries, leading in strategic market research and consulting with an unbiased and unparalleled approach towards helping global industrial players, conglomerates and executives for their future investment while avoiding forthcoming uncertainties. With an out-of-the-box mindset to produce statistical and analytical market research reports, we provide strategic consulting so that our clients can make wise business decisions with clarity while strategizing and planning for their forthcoming needs and succeed in achieving their future endeavors. We believe every business can expand to its new horizon, provided a right guidance at a right time is available through strategic minds.
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