GigE Camera Market by Type and Geography - Forecast and Analysis 2022-2026

The GigE camera market share is expected to increase by USD 1.08 billion from 2021 to 2026, at a CAGR of 12.15%.

This GigE camera market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers GigE camera market segmentation by type (area scan camera and line scan camera) and geography (North America, APAC, Europe, South America, and Middle East and Africa). The GigE camera market report also offers information on several market vendors, including Allied Vision Technologies GmbH, Basler AG, Baumer Holding AG, Emergent Vision Technologies Inc., GEViCAM Inc., Hangzhou Ai Ke Electronics Co. Ltd., Hangzhou Hikvision Digital Technology Co. Ltd., IDS Imaging Development Systems Gmbh, Imperx Inc., JAI AS, LUCID Vision Labs Inc., Matrox Electronic Systems Ltd., OMRON Corp., Photonfocus AG, Pleora Technologies Inc., Sony Corp., Teledyne Technologies Inc., TKH Technology Poland, Toshiba Corp., and INET Electronics and Trade ltd. among others.

What will the GigE Camera Market Size be During the Forecast Period?

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GigE Camera Market: Key Drivers, Trends, and Challenges

The increasing demand for GigE cameras in security and surveillance is notably driving the GigE camera market growth, although factors such as the high cost of research and development may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the GigE camera industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key GigE Camera Market Driver

• One of the key factors driving growth in the GigE camera market is the increasing demand for GigE cameras in security and surveillance.
• Global population growth and rapid urbanization have led to a rise in the number of conflicts or criminal activities reported in recent years. As a result, local governments, communities, and public welfare associations have started installing smart cameras that offer high resolution and better image capture features in less time.
• GigE cameras are considered to be the best among the currently available surveillance cameras as they are designed for aerial imaging and ground surveillance applications. Furthermore, GigE cameras offer the widest technological flexibility with regard to cable length, bandwidth, and multi-camera functionalities.
• The need for products with intelligent video surveillance features is boosting the demand for GigE cameras for security and surveillance. Therefore, the global GigE camera market is expected to witness high growth.

Key GigE Camera Market Trend

• The growing use of GigE cameras in healthcare applications is a GigE camera market trend that is expected to have a positive impact in the coming years.
• The growing number of surgical procedures globally requires high-resolution cameras for higher precision in such operations.
• GigE cameras provide high sensitivity and high dynamic range sensors for medical applications.
• The technological advances in medical imaging modalities act as a key factor in driving the growth of the global GigE camera market in the medical devices industry.
• The increasing need for better and more accurate surgical procedures is compelling manufacturers to incorporate newer and more innovative technologies while developing GigE cameras, which is expected to fuel the growth of the global GigE camera market.

Key GigE Camera Market Challenge

• The high cost of research and development will be a major challenge for the GigE camera market during the forecast period.
• The high development cost of imaging equipment is a major challenge for industries such as food and beverages, military and defense, oil and gas, and banking and finance.
• The demand for the development of GigE cameras for tactical applications in the military, automotive, medical, food and beverage, oil and gas, and agriculture is increasing continuously.
• The increasing number of applications of GigE cameras has led to their customization as per the requirements of different end-user industries.
• To cater to the specific requirements of various industries, such as oil and gas, vendors need to invest substantially in the R and D of GigE cameras. Therefore, the high cost of R and D can impact the profitability of vendors, which, in turn, can restrict the growth of the global GigE camera market.

This GigE camera market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.

Parent Market Analysis

Technavio categorizes the global gigabit Ethernet (GigE) camera market as a part of the global technology hardware, storage, and peripherals market within the overall global information technology market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the GigE camera market during the forecast period.

Who are the Major GigE Camera Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

 

• Allied Vision Technologies GmbH
• Basler AG
• Baumer Holding AG
• Emergent Vision Technologies Inc.
• GEViCAM Inc.
• Hangzhou Ai Ke Electronics Co. Ltd.
• Hangzhou Hikvision Digital Technology Co. Ltd.
• IDS Imaging Development Systems Gmbh
• Imperx Inc.
• JAI AS
• LUCID Vision Labs Inc.
• Matrox Electronic Systems Ltd.
• OMRON Corp.
• Photonfocus AG
• Pleora Technologies Inc.
• Sony Corp.
• Teledyne Technologies Inc.
• TKH Technology Poland
• Toshiba Corp.
• INET Electronics and Trade ltd.

 

This statistical study of the GigE camera market encompasses successful business strategies deployed by the key vendors. The GigE camera market is fragmented and the vendors are deploying growth strategies such as investing heavily in R&D and incorporating a high degree of customization in their GigE camera offerings to compete in the market.

Product Insights and News

• alliedvision.com - The company offers a GigE camera device named Mako for precision time protocol (ptp), trigger over ethernet (toe) action commands, and power over ethernet (PoE).

• alliedvision.com - Under the unified segment, the company manufactures cameras for industrial imaging and machine vision.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The GigE camera market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

GigE Camera Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the GigE camera market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

Which are the Key Regions for the GigE Camera Market?

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33% of the market’s growth will originate from North America during the forecast period. US and Canada are the key markets for GigE cameras in North America. Market growth in this region will be faster than the growth of the market in the European, MEA, and South American regions.

The increasing demand for machine vision cameras and 3D vision technologies in industrial applications will facilitate the GigE camera market growth in North America over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID Impact and Recovery Analysis

The outbreak of COVID-19 negatively impacted the growth of the GigE camera market in North America in 2020. The commercial and military sectors were also negatively impacted by COVID-19. However, the initiation of large-scale COVID-19 vaccination drives in Q4 2020 and the gradual resumption of operations in end-user industries, such as military, automotive camera module, medical, food and beverage, oil and gas, and mining helped the market to regain momentum in 2021.

What are the Revenue-generating Type Segments in the GigE Camera Market?

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The GigE camera market share growth by the area scan camera segment will be significant during the forecast period. Area scan GigE cameras are widely preferred in various industries, including automotive, military and defense, food packaging, pharmaceutical, security and surveillance, and medical devices. They are suitable for machine vision for industrial applications, where the objects are small and have the same size in both two-dimension (2D) and three-dimension (3D). Therefore, the area scan segment of the global GigE camera market will witness potential growth during the forecast period.

This report provides an accurate prediction of the contribution of all the segments to the growth of the GigE camera market size and actionable market insights on post COVID-19 impact on each segment.

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GigE Camera market - The market share is anticipated to grow at a steady rate and will post a CAGR of more than 11% during the 2016-2020 forecast period. 

GigE Camera Market Scope
Report Coverage	Details
Page number	120
Base year	2021
Forecast period	2022-2026
Growth momentum & CAGR	Decelerate at a CAGR of 12.15%
Market growth 2022-2026	$ 1.08 billion
Market structure	Fragmented
YoY growth (%)	15.52
Regional analysis	North America, APAC, Europe, South America, and Middle East and Africa
Performing market contribution	North America at 33%
Key consumer countries	US, Canada, Japan, India, and Germany
Competitive landscape	Leading companies, Competitive strategies, Consumer engagement scope
Key companies profiled	Allied Vision Technologies GmbH, Basler AG, Baumer Holding AG, Emergent Vision Technologies Inc., GEViCAM Inc., Hangzhou Ai Ke Electronics Co. Ltd., Hangzhou Hikvision Digital Technology Co. Ltd., IDS Imaging Development Systems Gmbh, Imperx Inc., JAI AS, LUCID Vision Labs Inc., Matrox Electronic Systems Ltd., OMRON Corp., Photonfocus AG, Pleora Technologies Inc., Sony Corp., Teledyne Technologies Inc., TKH Technology Poland, Toshiba Corp., and INET Electronics and Trade ltd.
Market dynamics	Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period
Customization purview	If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this GigE Camera Market Report?

• CAGR of the market during the forecast period 2022-2026
• Detailed information on factors that will drive GigE camera market growth during the next five years
• Precise estimation of the GigE camera market size and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behavior
• The growth of the GigE camera industry across North America, APAC, Europe, South America, and Middle East and Africa
• A thorough analysis of the market’s competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of GigE camera market vendors

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