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The gige camera market size is forecast to increase by USD 1.89 billion at a CAGR of 18.55% between 2023 and 2028.
The gige camera industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD million" for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.
The market experienced significant growth In the area scan camera segment in 2021. Area scan GigE cameras offer high-resolution and high-performance features, resulting in superior image quality and various sensor options. These cameras are popular in industries such as automotive, military and defense, food packaging, pharmaceutical, security and surveillance, and medical devices. Area scan GigE cameras are ideal for machine vision applications in industrial settings, where objects are uniform in size in both two-dimensions and three-dimensions. Their rectangular or square sensors capture images in a single frame, providing efficiency and accuracy. Gigabit ethernet technology, onboard memory, firmware, and power supply are essential components of these cameras.
Area scan GigE cameras are integral to various applications, including inspection, robotics, medical imaging, surveillance, scientific research, and traffic monitoring. Industry-specific standards, device miniaturization trends, and environmental protection features further enhance their utility.
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The Area scan camera segment was valued at USD 625.50 billion in 2018 and showed a gradual increase during the forecast period.
Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.
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The market in North America holds a significant share due to the region's early adoption of technology and the presence of various industries, including defense, automotive, medical, food and beverage, oil and gas, and pharmaceutical. These industries require advanced machine vision solutions, driving the demand for high-performance GigE cameras. The defense sector, in particular, utilizes GigE cameras for aerial imaging and surveillance applications. Furthermore, the increasing investment in machine vision technologies, such as 3D vision and depth mapping, fuels market growth. Gigabit ethernet technology's ability to deliver high-quality RAW images, high frame rates, and onboard memory makes it an ideal choice for various industries, including industrial automation, inspection, robotics, and scientific research.
Key applications include yield estimation, process monitoring, and anomaly detection. The market is expected to grow further due to emerging trends like industry-specific standards, device miniaturization, and the increasing use of GigE cameras in UAVs and portable inspection systems.
Our researchers analyzed the data with 2023 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
Increasing demand for GigE cameras in security and surveillance is the key driver of the market.
Growing use of GigE cameras in healthcare applications is the upcoming market trend.
What challenges does the Gige Camera Industry face during its growth?
High cost of R and D is a key challenge affecting the industry growth.
Exclusive Customer Landscape
The gige camera market forecasting report includes the adoption lifecycle of the market, covering from the innovator's stage to the laggard's stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the gige camera market report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth analysis strategies.
Customer Landscape
Companies are implementing various strategies, such as strategic alliances, gige camera market forecast, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence In the industry.
Allied Vision Technologies GmbH - The Mako GigE camera device from the company caters to applications requiring Precision Time Protocol (PTP), Trigger over Ethernet (ToE), and Power over Ethernet (PoE) functionalities. This camera device adheres to industry standards, offering reliable synchronization, remote triggering, and power delivery via Ethernet connection. With its advanced features, the Mako camera device is an ideal solution for various industrial imaging applications.
The industry research and growth report includes detailed analyses of the competitive landscape of the market and information about key companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key industry players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
The market encompasses a range of machine vision hardware designed for capturing and transferring raw images from industrial cameras to computer systems. These cameras employ Gigabit Ethernet technology, which facilitates high-speed data transfer, making them suitable for various industries and applications. Machine vision cameras are integral components of computer systems used in numerous sectors, including industrial automation, inspection, robotics, medical imaging, surveillance, scientific research, and more. The raw images produced by these cameras are processed and analyzed to extract valuable insights and information. Frame grabbers serve as intermediaries between the camera and the computer system, ensuring seamless communication and data transfer.
GigE cameras are increasingly replacing traditional frame grabbers due to their advanced capabilities and ease of integration with Ethernet networks. Industrial cameras are available in various formats and configurations, catering to diverse application requirements. They come with onboard memory, firmware, and power supply systems that enable them to function independently. The cameras' processors and image sensors are optimized for high-speed data processing and image quality. GigE cameras are utilized in various industries, including manufacturing, lab automation, traffic monitoring, food processing, sports activities, and more. They are employed for tasks such as quality control, product inspection, defect detection, measurement, process monitoring, plant monitoring, crop inspection, yield estimation, and more.
High-quality video footage is another application area for GigE cameras. They are used in aerial surveillance, target tracking, missile guidance, autonomous vehicles, driver monitoring systems, surgical imaging systems, endoscopic procedures, and robotic-assisted surgeries. The machine vision industry is witnessing several trends, including the miniaturization of devices, the adoption of industry-specific standards, and the development of multi-sensor GigE cameras. Lightweight and compact GigE cameras are increasingly popular in applications where size and weight are critical factors. UAVs (drones) and portable inspection systems are prime examples of such applications. Environmental protection features, robust housings, and sealed connectors are essential considerations for GigE cameras used in harsh environments.
The cameras must be able to withstand extreme temperatures, humidity, and other challenging conditions. GigE cameras are also being developed to cater to specific application needs. For instance, 3D vision, depth mapping, object recognition, image classification, anomaly detection, and other advanced features are being integrated into these cameras to enhance their capabilities. In conclusion, the market is a dynamic and evolving landscape, driven by the growing demand for high-speed data transfer and advanced image processing capabilities. These cameras are transforming various industries by enabling real-time data analysis and decision-making, ultimately leading to increased efficiency and productivity.
Market Scope |
|
Report Coverage |
Details |
Page number |
137 |
Base year |
2023 |
Historic period |
2018-2022 |
Forecast period |
2024-2028 |
Growth momentum & CAGR |
Accelerate at a CAGR of 18.55% |
Market growth 2024-2028 |
USD 1885.9 million |
Market structure |
Fragmented |
YoY growth 2023-2024(%) |
15.19 |
Key countries |
US, Germany, Japan, Canada, and India |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Type
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Opportunity/Restraints
10 Competitive Landscape
11 Competitive Analysis
12 Appendix
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
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