Portland,OR, Dec. 15, 2021 (GLOBE NEWSWIRE) -- According to the report published by Allied Market Research, the global GigE camera market generated $0.87 billion in 2020, and is anticipated to reach $2.32 billion by 2030, manifesting a CAGR of 11.0% from 2021 to 2030. The report offers an in-depth analysis of the market size, emerging and current trends, future estimations, and key players.
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Application of GigE camera in security & surveillance, increase in demand for machine vision cameras, and rise in use of GigE camera in military & defense industry fuel the global GigE camera market. On the other hand, high cost of the product will hamper the progress to an extent. On the contrary, increase in the adoption of 3D vision technologies will create several market opportunities.
COVID-19 Scenario:
- The pandemic caused a decline in infrastructure development and demanded suspension of operations at production sites for both office equipment and cameras.
- Due to supply-chain disruptions, several companies had to face a decline in factory utilization rates in Asia, including Japan, causing limited product supply.
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The report segments the global GigE camera market on the basis of technology, type, application, spectrum, and region.
Based on technology, the complementary metal-oxide-semiconductor (CMOS) segment contributed to the highest market share in 2020, attributing to nearly two-thirds of the total market share, and is anticipated to dominate the market during the forecast period. The segment is expected to manifest the fastest CAGR of 12.3% from 2021-2030. The report also studies charge-coupled devices (CCD) segment.
Based on type, the area scan cameras segment contributed to the highest market share in 2020, attributing to more than half of the total market share, and is anticipated to lead during the forecast period. On the other hand, the line scan cameras segment is expected to manifest the fastest CAGR of 12.3% from 2021-2030.
Based on region, Asia-Pacific, followed by North America, contributed to the highest share in 2020, holding nearly two-fifths of the total share, and is expected to lead during the forecast period. The global GigE camera market across the Asia-Pacific region is anticipated to exhibit the fastest CAGR of 11.9% during the forecast period.
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Key players of the global GigE camera market analyzed in the research include Basler AG, Allied Vision Technologies GmbH, Baumer Electric AG, IMPERX, Inc., Teledyne DALSA Inc., Sony Corporation, Toshiba Corporation, Matrox imaging, Qualitas Technologies, and Omron Corporation.
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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
