The global GigE Camera is expected to exhibit growth at a CAGR of 9.1% and reach USD 5.8 Billion from 2022 to 2032. It is anticipated to be valued at USD 3.5 Billion in 2022. The ability of these cameras to quickly transfer data during specific tasks that require the usage of multiple cameras is set to boost the sales of GigE cameras in the upcoming years.
| Report Attributes | Details |
|---|---|
| Estimated Base Year Value (2021) | USD 2.1 Billion |
| Expected Market Value (2022) | USD 3.5 Billion |
| Anticipated Forecast Value (2032) | USD 5.8 Billion |
| Projected Growth Rate (2022 to 2032) | 9.1% CAGR |
The increasing population, along with the improving lifestyles of the people across the world, is bringing challenges to the respective governments to deal with the development of transportation infrastructure and security across the globe. It is impossible to resolve this issue effectively with additional staffing as this would exceed the budget of the company.
The trend toward the adoption of Intelligent Transport Systems (ITS) in the transportation sector offers one of the most promising prospects for the future, offering safer, greener, and more connected roads. Consequently, industrial cameras such as GigE are in high demand so that speed, toll, and red-light enforcement can be carried out effectively as a result of this. In addition, Power Over Ethernet (PoE) facilitates easy installation because it enables multiple cameras to be installed within a system that is easily accessible to the transportation system as a whole.
There are very challenging requirements for traffic monitoring and red-light enforcement, whereas traffic monitoring only requires capturing usable images in situations ranging from full daylight to night-time, with a corner lamppost providing the only illumination needed. As well as color operation, the camera must have a wide enough field of view to capture the entire vehicle's image and must have a high enough resolution to be able to recognize license plates automatically. The development of connected transport infrastructure is a major priority for many countries, including China.
Europe GigE Camera Market:
As a result of Europe's successful track record in terms of adopting new technology in addition to its focus on developing public transport infrastructure, the GigE camera market is also expected to occupy a significant share in the future. Due to well-established transport infrastructure throughout the world, there is invariably an increase in the maintenance of the infrastructure to meet the needs of the increasing population, and as a result, the GigE camera market is expected to witness significant growth in the forecasted period.
The demand for GigE cameras in the Asia Pacific region is expected to continue to grow owing to the growing end-user industries in the region. As the GigE camera market is expected to grow in the automotive sector, the increasing investment in the region coupled with the increase in investment in e-vehicles may further increase the market's growth rate.
For instance, General Motors invested USD 2.8 billion in South Korea in 2018 as a significant investment.
Further, the region is investing in connected infrastructure projects, which represent 10% of the total global projects currently under construction for energy, transportation, water, and rail that will be completed over the next ten years as part of the restructuring of its embattled unit in the country. As a result of these developments in the region, the demand for GigE cameras is increasing in the region.
GigE cameras are specially designed imaging cameras that can interface with computer systems with the utilization of GigE ports. The increasing demand for Gigabit Ethernet cameras for various imaging applications owing to their ability to transfer data at rates of up to 1000Mb/s is estimated to boost the growth in this market.
These cameras also enable a seamless integration between machine vision software and hardware products. These help in reducing the time-consuming and tedious multi-vendor integration issues that often slow down the machine vision sector.
The requirement of frame grabbers, which are otherwise considered to be a crucial component when used with conventional cameras or analogue technology, is eliminated in GigE cameras. Thus, the installation cost of these camera setups is relatively low, which is a major factor that is projected to fuel the demand for GigE cameras in the near future.
The ongoing integration of GigE Vision technology in multiple applications, such as medical care, Printed Circuit Board (PCB) inspection, and traffic control is a significant factor that is expected to propel the GigE camera market share in the forthcoming years. This technology provides high reliability, enhanced transmission mechanism, long cable length, and improved bandwidth.
GigE Vision is mainly based on the topology of Gigabit Ethernet technology, which is set to gain immense popularity in future. Gigabit Ethernet delivers several advantages with the increasing usage in both the consumer and industrial markets. As it is a low-cost and an easy-to-use interface, it is expected to be extensively used in a wide range of applications.
Even though GigE Vision has various advantages, such as lower cost, faster transfer rate, simple cabling, and elimination of camera files, as compared to Camera Link and parallel standards, it has certain disadvantages as well.
At times, it is very difficult to synchronize with other devices and provides less triggering support. The transfer of high data volumes over long distances requires the usage of many electrons that are pushed through the cable. It needs robust line drivers, which surges the heat generation and power consumption of industrial GigE cameras. Spurred by the above-mentioned factors, the sales of GigE cameras may get hampered in the assessment period.
The increasing usage of GigE cameras in the military and defense industry and the high demand for machine vision cameras in the USA. and Canada are likely to bode well for the North America market. The urgent need for high-quality cameras for security and surveillance applications is another significant factor that is expected to drive the demand for GigE cameras in North America.
The growing usage of GigE interface in machine vision cameras in the USA. owing to its superior networking infrastructure is likely to augment the market. It is set to be extensively used in industrial image processing in a wide range of sectors, including pharmaceuticals, automotive, electronics and semiconductor, packaging and printing, food and beverage, and healthcare in North America, which is likely to augur well for the market.
Asia Pacific is anticipated to exhibit lucrative GigE camera market share in the near future backed by the ongoing development of various end-use industries. Rising investments by governments of India and China in the automotive sector to create new e-vehicles is a vital factor that is likely to accelerate the market.
As per the International Trade Administration, China is considered to be the world’s largest vehicle market by both manufacturing and sales output. By 2025, the domestic production in this country is expected to reach 35 million vehicles. In 2020, more than 25 million vehicles were sold in China and this trend is likely to continue throughout the forthcoming years and boost the market.
On the other hand, the increasing preference for GigE camera interface, especially in machine vision cameras owing to the presence of a well-established networking infrastructure is estimated to drive the market in Asia Pacific. These are set to be extensively used in pharmaceutical application for flow control processes and barcode reading.
Some of the key players operating in the global GigE camera are Toshiba Corporation, Allied Vision Technologies GmbH, Sony Corporation, Basler AG, Teledyne DALSA Inc., Baumer, Qualitas Technologies, IMPERX, Inc., Omron Corporation, and Matrox Imaging.
The global market is highly fragmented with the presence of several renowned companies providing their in-house products. Many vendors are focusing on the rapid adoption of the new product launch strategy with less product differentiation in terms of offerings. A few other key players are aiming to engage in mergers and acquisitions with start-up companies and local firms to strengthen their footprint in the global market.
| Report Attributes | Details |
|---|---|
| Growth Rate | CAGR of 9.1% from 2022 to 2032 |
| Base Year for Estimation | 2021 |
| Historical Data | 2015 to 2020 |
| Forecast Period | 2022 to 2032 |
| Quantitative Units | Revenue in USD Million and CAGR from 2022 to 2032 |
| Report Coverage | Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends and Pricing Analysis |
| Segments Covered | End User, Technology, Color Sensor Type, Type, Region |
| Regions Covered | North America; Latin America; Western Europe; Eastern Europe; APEJ; Japan; Middle East and Africa |
| Key Countries Profiled | USA, Canada, Brazil, Argentina, Germany, UK, France, Spain, Italy, Nordics, BENELUX, Australia & New Zealand, China, India, ASEAN, GCC, South Africa |
| Key Companies Profiled | Toshiba Corporation; Allied Vision Technologies GmbH; Sony Corporation; Basler AG; Teledyne DALSA Inc.; Baumer; Qualitas Technologies; IMPERX, Inc.; Omron Corporation; Matrox Imaging |
| Customization | Available Upon Request |
Table 1: Global Market Value (US$ Mn) Forecast by Region, 2017-2032
Table 2: Global Market Value (US$ Mn) Forecast by Type, 2017-2032
Table 3: Global Market Value (US$ Mn) Forecast by End-use Industry, 2017-2032
Table 4: North America Market Value (US$ Mn) Forecast by Country, 2017-2032
Table 5: North America Market Value (US$ Mn) Forecast by Type, 2017-2032
Table 6: North America Market Value (US$ Mn) Forecast by End-use Industry, 2017-2032
Table 7: Latin America Market Value (US$ Mn) Forecast by Country, 2017-2032
Table 8: Latin America Market Value (US$ Mn) Forecast by Type, 2017-2032
Table 9: Latin America Market Value (US$ Mn) Forecast by End-use Industry, 2017-2032
Table 10: Europe Market Value (US$ Mn) Forecast by Country, 2017-2032
Table 11: Europe Market Value (US$ Mn) Forecast by Type, 2017-2032
Table 12: Europe Market Value (US$ Mn) Forecast by End-use Industry, 2017-2032
Table 13: East Asia Market Value (US$ Mn) Forecast by Country, 2017-2032
Table 14: East Asia Market Value (US$ Mn) Forecast by Type, 2017-2032
Table 15: East Asia Market Value (US$ Mn) Forecast by End-use Industry, 2017-2032
Table 16: South Asia & Pacific Market Value (US$ Mn) Forecast by Country, 2017-2032
Table 17: South Asia & Pacific Market Value (US$ Mn) Forecast by Type, 2017-2032
Table 18: South Asia & Pacific Market Value (US$ Mn) Forecast by End-use Industry, 2017-2032
Table 19: MEA Market Value (US$ Mn) Forecast by Country, 2017-2032
Table 20: MEA Market Value (US$ Mn) Forecast by Type, 2017-2032
Table 21: MEA Market Value (US$ Mn) Forecast by End-use Industry, 2017-2032
Figure 1: Global Market Value (US$ Mn) by Type, 2022-2032
Figure 2: Global Market Value (US$ Mn) by End-use Industry, 2022-2032
Figure 3: Global Market Value (US$ Mn) by Region, 2022-2032
Figure 4: Global Market Value (US$ Mn) Analysis by Region, 2017-2032
Figure 5: Global Market Value Share (%) and BPS Analysis by Region, 2022-2032
Figure 6: Global Market Y-o-Y Growth (%) Projections by Region, 2022-2032
Figure 7: Global Market Value (US$ Mn) Analysis by Type, 2017-2032
Figure 8: Global Market Value Share (%) and BPS Analysis by Type, 2022-2032
Figure 9: Global Market Y-o-Y Growth (%) Projections by Type, 2022-2032
Figure 10: Global Market Value (US$ Mn) Analysis by End-use Industry, 2017-2032
Figure 11: Global Market Value Share (%) and BPS Analysis by End-use Industry, 2022-2032
Figure 12: Global Market Y-o-Y Growth (%) Projections by End-use Industry, 2022-2032
Figure 13: Global Market Attractiveness by Type, 2022-2032
Figure 14: Global Market Attractiveness by End-use Industry, 2022-2032
Figure 15: Global Market Attractiveness by Region, 2022-2032
Figure 16: North America Market Value (US$ Mn) by Type, 2022-2032
Figure 17: North America Market Value (US$ Mn) by End-use Industry, 2022-2032
Figure 18: North America Market Value (US$ Mn) by Country, 2022-2032
Figure 19: North America Market Value (US$ Mn) Analysis by Country, 2017-2032
Figure 20: North America Market Value Share (%) and BPS Analysis by Country, 2022-2032
Figure 21: North America Market Y-o-Y Growth (%) Projections by Country, 2022-2032
Figure 22: North America Market Value (US$ Mn) Analysis by Type, 2017-2032
Figure 23: North America Market Value Share (%) and BPS Analysis by Type, 2022-2032
Figure 24: North America Market Y-o-Y Growth (%) Projections by Type, 2022-2032
Figure 25: North America Market Value (US$ Mn) Analysis by End-use Industry, 2017-2032
Figure 26: North America Market Value Share (%) and BPS Analysis by End-use Industry, 2022-2032
Figure 27: North America Market Y-o-Y Growth (%) Projections by End-use Industry, 2022-2032
Figure 28: North America Market Attractiveness by Type, 2022-2032
Figure 29: North America Market Attractiveness by End-use Industry, 2022-2032
Figure 30: North America Market Attractiveness by Country, 2022-2032
Figure 31: Latin America Market Value (US$ Mn) by Type, 2022-2032
Figure 32: Latin America Market Value (US$ Mn) by End-use Industry, 2022-2032
Figure 33: Latin America Market Value (US$ Mn) by Country, 2022-2032
Figure 34: Latin America Market Value (US$ Mn) Analysis by Country, 2017-2032
Figure 35: Latin America Market Value Share (%) and BPS Analysis by Country, 2022-2032
Figure 36: Latin America Market Y-o-Y Growth (%) Projections by Country, 2022-2032
Figure 37: Latin America Market Value (US$ Mn) Analysis by Type, 2017-2032
Figure 38: Latin America Market Value Share (%) and BPS Analysis by Type, 2022-2032
Figure 39: Latin America Market Y-o-Y Growth (%) Projections by Type, 2022-2032
Figure 40: Latin America Market Value (US$ Mn) Analysis by End-use Industry, 2017-2032
Figure 41: Latin America Market Value Share (%) and BPS Analysis by End-use Industry, 2022-2032
Figure 42: Latin America Market Y-o-Y Growth (%) Projections by End-use Industry, 2022-2032
Figure 43: Latin America Market Attractiveness by Type, 2022-2032
Figure 44: Latin America Market Attractiveness by End-use Industry, 2022-2032
Figure 45: Latin America Market Attractiveness by Country, 2022-2032
Figure 46: Europe Market Value (US$ Mn) by Type, 2022-2032
Figure 47: Europe Market Value (US$ Mn) by End-use Industry, 2022-2032
Figure 48: Europe Market Value (US$ Mn) by Country, 2022-2032
Figure 49: Europe Market Value (US$ Mn) Analysis by Country, 2017-2032
Figure 50: Europe Market Value Share (%) and BPS Analysis by Country, 2022-2032
Figure 51: Europe Market Y-o-Y Growth (%) Projections by Country, 2022-2032
Figure 52: Europe Market Value (US$ Mn) Analysis by Type, 2017-2032
Figure 53: Europe Market Value Share (%) and BPS Analysis by Type, 2022-2032
Figure 54: Europe Market Y-o-Y Growth (%) Projections by Type, 2022-2032
Figure 55: Europe Market Value (US$ Mn) Analysis by End-use Industry, 2017-2032
Figure 56: Europe Market Value Share (%) and BPS Analysis by End-use Industry, 2022-2032
Figure 57: Europe Market Y-o-Y Growth (%) Projections by End-use Industry, 2022-2032
Figure 58: Europe Market Attractiveness by Type, 2022-2032
Figure 59: Europe Market Attractiveness by End-use Industry, 2022-2032
Figure 60: Europe Market Attractiveness by Country, 2022-2032
Figure 61: East Asia Market Value (US$ Mn) by Type, 2022-2032
Figure 62: East Asia Market Value (US$ Mn) by End-use Industry, 2022-2032
Figure 63: East Asia Market Value (US$ Mn) by Country, 2022-2032
Figure 64: East Asia Market Value (US$ Mn) Analysis by Country, 2017-2032
Figure 65: East Asia Market Value Share (%) and BPS Analysis by Country, 2022-2032
Figure 66: East Asia Market Y-o-Y Growth (%) Projections by Country, 2022-2032
Figure 67: East Asia Market Value (US$ Mn) Analysis by Type, 2017-2032
Figure 68: East Asia Market Value Share (%) and BPS Analysis by Type, 2022-2032
Figure 69: East Asia Market Y-o-Y Growth (%) Projections by Type, 2022-2032
Figure 70: East Asia Market Value (US$ Mn) Analysis by End-use Industry, 2017-2032
Figure 71: East Asia Market Value Share (%) and BPS Analysis by End-use Industry, 2022-2032
Figure 72: East Asia Market Y-o-Y Growth (%) Projections by End-use Industry, 2022-2032
Figure 73: East Asia Market Attractiveness by Type, 2022-2032
Figure 74: East Asia Market Attractiveness by End-use Industry, 2022-2032
Figure 75: East Asia Market Attractiveness by Country, 2022-2032
Figure 76: South Asia & Pacific Market Value (US$ Mn) by Type, 2022-2032
Figure 77: South Asia & Pacific Market Value (US$ Mn) by End-use Industry, 2022-2032
Figure 78: South Asia & Pacific Market Value (US$ Mn) by Country, 2022-2032
Figure 79: South Asia & Pacific Market Value (US$ Mn) Analysis by Country, 2017-2032
Figure 80: South Asia & Pacific Market Value Share (%) and BPS Analysis by Country, 2022-2032
Figure 81: South Asia & Pacific Market Y-o-Y Growth (%) Projections by Country, 2022-2032
Figure 82: South Asia & Pacific Market Value (US$ Mn) Analysis by Type, 2017-2032
Figure 83: South Asia & Pacific Market Value Share (%) and BPS Analysis by Type, 2022-2032
Figure 84: South Asia & Pacific Market Y-o-Y Growth (%) Projections by Type, 2022-2032
Figure 85: South Asia & Pacific Market Value (US$ Mn) Analysis by End-use Industry, 2017-2032
Figure 86: South Asia & Pacific Market Value Share (%) and BPS Analysis by End-use Industry, 2022-2032
Figure 87: South Asia & Pacific Market Y-o-Y Growth (%) Projections by End-use Industry, 2022-2032
Figure 88: South Asia & Pacific Market Attractiveness by Type, 2022-2032
Figure 89: South Asia & Pacific Market Attractiveness by End-use Industry, 2022-2032
Figure 90: South Asia & Pacific Market Attractiveness by Country, 2022-2032
Figure 91: MEA Market Value (US$ Mn) by Type, 2022-2032
Figure 92: MEA Market Value (US$ Mn) by End-use Industry, 2022-2032
Figure 93: MEA Market Value (US$ Mn) by Country, 2022-2032
Figure 94: MEA Market Value (US$ Mn) Analysis by Country, 2017-2032
Figure 95: MEA Market Value Share (%) and BPS Analysis by Country, 2022-2032
Figure 96: MEA Market Y-o-Y Growth (%) Projections by Country, 2022-2032
Figure 97: MEA Market Value (US$ Mn) Analysis by Type, 2017-2032
Figure 98: MEA Market Value Share (%) and BPS Analysis by Type, 2022-2032
Figure 99: MEA Market Y-o-Y Growth (%) Projections by Type, 2022-2032
Figure 100: MEA Market Value (US$ Mn) Analysis by End-use Industry, 2017-2032
Figure 101: MEA Market Value Share (%) and BPS Analysis by End-use Industry, 2022-2032
Figure 102: MEA Market Y-o-Y Growth (%) Projections by End-use Industry, 2022-2032
Figure 103: MEA Market Attractiveness by Type, 2022-2032
Figure 104: MEA Market Attractiveness by End-use Industry, 2022-2032
Figure 105: MEA Market Attractiveness by Country, 2022-2032
FMI projects the global GigE camera market to expand at a 9.1% value CAGR by 2032.
North America is expected to be the most opportunistic GigE camera market.
Toshiba Corporation, Allied Vision Technologies GmbH, Sony Corporation, Basler AG, Teledyne DALSA Inc., Baumer, Qualitas Technologies, IMPERX, Inc., Omron Corporation, and Matrox Imaging are some of the prominent GigE camera manufacturers.
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