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The global GigE camera market is anticipated to grow at a steady rate and will post a CAGR of more than 11% during the forecast period. The technological advantages offered by GigE cameras over traditional cameras will drive the growth prospects for the global GigE camera market until the end of 2020. The use of GigE cameras eliminates the need for frame grabbers, which is a necessary component when used with analog technology or regular cameras. Also, the installation cost of GigE camera setup is relatively low, which increases its adoption among the end users. Moreover, the hubs used in conventional camera devices have a limited cable length because of which multiple hubs are deployed between the camera and the receiver. The installation of multiple hubs results in high power consumption and an increased overhead cost. In addition, the excessive use of separate cables also increases the risk of high electromagnetic interference. However, the use of GigE camera overcomes the shortcomings of conventional cameras and as a result, the adoption rate of these devices is rising in the market.
In terms of geography, the Americas accounted for the maximum market share during 2015 due to the presence of a large number of GigE camera vendors. However, the global GigE camera market is expected to decline by 2020 because of the rising price of camera devices.
The global GigE camera market is one of the fastest-growing markets and is highly competitive due to the presence of several vendors. Also, the market is highly dynamic due to rapid technological advancements and numerous business innovations. To survive and succeed in this environment, vendors need to distinguish their product and service offerings through clear and unique value propositions. Also, they are focusing on offering product features that can deliver high-quality images at low costs.
Key vendors in this market are -
Other prominent vendors in the market include Adimec Electronic Imaging, Alrad Instruments, Basler, Baumer Optronic, Bytronic Automation, IMPERX, GEViCAM, MATRIX VISION, Matrox Electronic Systems, Multipix Imaging, Qualitas Technologies, PixeLINK, Sony, and Toshiba Teli.
Complementary metal-oxide-semiconductor sensors (CMOS) accounted for the maximum market share during 2015 and will continue to dominate the market during the next four years. Generally, in an industrial environment, GigE cameras are required to capture and transfer data at a very high rate. This is achieved by the application of CMOS sensors in cameras that increase the speed of capturing multiple photos. Another major factor that is driving the adoption of CMOS sensors includes low cost and the easy integration of these sensors with the camera.
During 2015, monochrome cameras accounted for the maximum market share due to its high adoption rate and low price. Applications such as food processing, product inspection, traffic surveillance, industrial design, and manufacturing predominantly use monochrome cameras. However, with the increasing focus of businesses on the quality of images, the adoption of monochrome cameras is expected to decline during the forecast period.
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Gigabit Ethernet or GigE cameras operate on the GigE vision interface standard which transmits images over gigabit Ethernet. The development expenses of these cameras are quite less, and they facilitate efficient video transmission with easy configuration options and fast transfer speed. Some of the major application areas of GigE camera include industrial, security and surveillance, machine vision, research and development, robots, night vision, electronics manufacturing, and factory automation. The convenient integration of the GigE camera interface in all principal image processing, long cable length, and high data transfer rates up to 100 MB/s have increased the adoption rate of these cameras among the end-user segments.
The report, global GigE camera market, is part of Technavio’s media & entertainment research portfolio. This portfolio provides a comprehensive market analysis along with the market share, market sizing, and market segmentations covering areas such as consumer electronics, gaming, internet and e-commerce, media and entertainment services, and publishing and advertising. These market research reports provide a perspective on the various market opportunities and market threats along with the key trends that would influence the market growth during the forecast period. It presents insights into the changing competitive landscape and a detailed profiling and market analysis of the vendors. Also covered in the research are the key regions or countries that would have an impact on the market during the assessment years.
PART 01: Executive summary
PART 02: Scope of the report
PART 03: Market research methodology
PART 04: Introduction
PART 05: Market landscape
PART 06: Five forces analysis
PART 07: Market segmentation by image sensor
PART 08: Market segmentation by application
PART 09: Market segmentation by type
PART 10: Buying criterion
PART 11: Geographical segmentation
PART 12: Key leading countries
PART 13: Market drivers
PART 14: Impact of drivers
PART 15: Market challenges
PART 16: Impact of drivers and challenges
PART 17: Market trends
PART 18: Vendor landscape
PART 19: Appendix
PART 20: Explore Technavio
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