GigE Camera Market Expected to Grow at USD 1.08 Billion – Driven by Growing Demand from Security and Surveillance

GigE Camera Market Expected to Grow at USD 1.08 Billion – Driven by Growing Demand from Security and Surveillance

NEW YORK, August 5, 2022 /PRNewswire/ — The “GigE Cameras Market by Type and Geography – Forecast and Analysis 2022-2026” report added to Technavio’s offering. According to the report, the market will see incremental growth from $1.08 billion between 2021 and 2026. However, the growth momentum is expected to decelerate at a CAGR of 12.15% during the forecast period. The report provides comprehensive analysis of recent developments, new product launches, major revenue generating segments, and market behavior across geographies. Download a sample PDF report here

Technavio has announced its latest market research report titled GigE Camera Market by Type and Geography - Forecast and Analysis 2022-2026

Technavio has announced its latest market research report titled GigE Camera Market by Type and Geography – Forecast and Analysis 2022-2026

The market is mainly driven by the growing demand for GigE cameras in the security and surveillance field. Rapid population growth and urbanization around the world has led to a steady increase in the number of conflicts and criminal activities. This has increased the installation of smart cameras by local governments, communities and public welfare associations. GigE cameras are considered to be the best security cameras available in the market. These cameras offer the most technological flexibility and are therefore widely used in aerial imaging and ground surveillance applications. All these factors are driving the growth of the focus market.

In addition, the growing demand for industrial image processing and the technological flexibility of GigE cameras will further accelerate the growth of the market. However, high R&D costs associated with GigE cameras will reduce vendor growth opportunities.

The global GigE camera market is competitive, with vendors competing based on four primary factors, namely price, quality, innovation, and performance. Vendors are focusing on improving their product and service delivery by investing heavily in R&D and incorporating a high degree of customization into their GigE camera offerings. To expand their market share and increase their customer base, suppliers are likely to choose strategic partnerships with other suppliers. As a result, mergers and acquisitions will be a key development during the forecast period. The market currently promises high revenue potential for providers.

The GigE Camera market report includes information on the product launch, sustainability and outlook of leading 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.

The report includes a competitive analysis that analyzes and evaluates the position of companies based on their industry position and an assessment of market performance. Some of the factors considered for analysis are financial performance in the last three years, growth strategies, innovation score, new product launches, investments, market share growth, etc. See a sample report here

Market Segmentation by Type

  • By type, the market is classified into area scan cameras and line scan cameras.

  • The area scan segment of the global GigE camera market witnessed high growth in 2021.

  • The growth of the segment can be attributed to the high resolution and high performance features offered in the area scan cameras.

  • The market will witness the maximum potential growth in the area scanning segment during the forecast period.

Market segmentation by regions

  • By geography, the market is classified as North AmericaAPAC, Europe, South Americaand Middle Eastand Africa.

  • North America will have the largest share of the market.

  • The region is an early adopter of new technologies and has a strong population of users looking for a more immersive experience. In addition, strong growth in various industries such as defense, automotive, medical, food & beverage, oil & gas, and pharmaceuticals is driving the growth of the regional market.

Related reports:

Market scope of GigE cameras

Report coverage

Details

Page number

120

Base year

2021

Estimated period

2022-2026

Growth momentum and CAGR

Slowing down at a CAGR of 12.15%

Market Growth 2022-2026

$1.08 billion

Market structure

Torn apart

Year-on-year growth (%)

15.52

Regional analysis

North America, APAC, Europe, South America, and the Middle East and Africa

Effective market contribution

North America with 33%

Key user countries

USA, Canada, Japan, India and Germany

The competitive environment

Leading companies, competitive strategies, scope of consumer engagement

Profiled companies

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

Major market analysis, drivers and barriers to market growth, analysis of fast-growing and slow-growing segments, impact of COVID 19 and future consumer dynamics, and analysis of market status for the forecast period.

Range of customization

If our report doesn’t include the data you’re looking for, you can contact our analysts and get custom segments.

Contents:

1 Summary

2 Market landscape

3 Sizing the market

4 Five Forces Analysis

5 Market Segmentation by Type

6 Customer landscape

7 Geographical landscape

8 Drivers, challenges and trends

9 Supplier landscape

10 Supplier Analysis

11 Appendix

About us

Technavio is a leading global technology research and consulting company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 dedicated analysts, Technavio’s report library consists of more than 17,000 reports and growing, covering 800 technologies spanning 50 countries. Their client base consists of businesses of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, in-depth research and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contact

Technavio Research
Jesse Maida
Media and Marketing Executive
USA: +1 844 364 1100
UK: +44 203 893 3200
Email: [email protected]
website: www.technavio.com/

Technavio (PRNewsfoto/Technavio)

Technavio (PRNewsfoto/Technavio)

Sission

Sission

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