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GigE Camera Market

Market Insights on GigE Camera covering sales outlook, demand forecast & up-to-date key trends

GigE Camera Market By Technology (Charge Coupled Device (CCD), Complementary Metal Oxide Semiconductor (CMOS)), Type (Line Scan, Area Scan), Color Sensor Type (Color, Monochrome), End User (Military and Defense, Industrial, Pharmaceutical, Traffic, Security & Surveillance, Medical/Life Sciences) & Region - Forecast 2022 - 2032

GigE Camera Market Overview

The global GigE camera is expected to exhibit growth at a CAGR of 9.1% and reach US$ 5.8 Billion from 2022 to 2031. It is anticipated to be valued at US$ 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 Attribute

Details

Estimated Base Year Value (2021)

US$ 2.1 Billion

Expected Market Value (2022)

US$ 3.5 Billion

Anticipated Forecast Value (2032)

US$ 5.8 Billion

Projected Growth Rate (2022-2032)

9.1% CAGR

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.

Which are Some Prominent Drivers Spearheading GigE Camera Market Growth?

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.

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What are the Challenges Faced by the GigE Camera Industry?

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.

Why is North America Emerging as an Opportunistic GigE Camera Market?

The increasing usage of GigE cameras in the military and defense industry and the high demand for machine vision cameras in the U.S. 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 U.S. 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.

Nikhil Kaitwade
Principal Consultant
LinkedIn
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How is Asia Pacific Contributing to Growth of the GigE Camera 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.

Market Competition

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.

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Report Of Scope

Report Attribute

Details

Growth Rate

CAGR of 9.1% from 2022 to 2032

Base Year for Estimation

2021

Historical Data

2015-2020

Forecast Period

2022-2032

Quantitative Units

Revenue in USD Billion, Volume in Kilotons and CAGR from 2022-2032

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

  • U.S
  • Canada
  • Brazil
  • Argentina
  • Germany
  • U.K
  • 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

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Key Segments Profiled in the GigE Camera Industry Survey

By Technology:

  • Complementary Metal- Oxide - Semiconductor (CMOS)
  • Charge Coupled Device (CCD)

By Type:

  • Line Scan
  • Area Scan

By Color Sensor Type:

  • Color
  • Monochrome

By End User:

  • Military and Defense
  • Industrial
  • Pharmaceutical
  • Traffic, Security & Surveillance
  • Medical/Life Sciences
  • Others

By Region:

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • APEJ
  • Japan
  • Middle East and Africa

Frequently Asked Questions

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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Nikhil Kaitwade
Principal Consultant
LinkedIn
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