Global GigE Camera Market Status, Trends and COVID-19 Impact Report 2021, Covid 19 Outbreak Impact research report added by Report Ocean, is an in-depth analysis of market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends, and strategies for this market. It traces the market’s historic and forecast market growth by geography. It places the market within the context of the wider GigE Camera market, and compares it with other markets., market definition, regional market opportunity, sales and revenue by region, manufacturing cost analysis, Industrial Chain, market effect factors analysis, Digital Evidence Management market size forecast, market data & Graphs and Statistics, Tables, Bar &Pie Charts, and many more for business intelligence. Get complete Report (Including Full TOC, 100+ Tables & Figures, and Chart). – In-depth Analysis Pre & Post COVID-19 Market Outbreak Impact Analysis & Situation by Region.
The global GigE camera market revenue was US$ 0.85 billion in 2020. The global GigE camera market revenue is forecast to reach US$ 2.30 billion by 2030, growing at a compound annual growth rate (CAGR) of 10.8% during the forecast period from 2021-2030.
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A GigE Camera is an imaging camera that uses GigE ports to interface with computer systems. Data transfer rates of up to 1000Mb/s are characteristic of Gigabit Ethernet Cameras, ideal for a wide range of demanding imaging applications. GigE Vision relies on the Gigabit Ethernet technology and has a standardized control register for camera control, along with a hardware interface. Data rates and cable lengths are high with GigE cameras.
Factors Influencing Market Growth
- Several factors impact the growth of the global GigE camera market, including the high use of GigE cameras in security & surveillance applications, the rise in machine vision camera demand, and the increased use of GigE cameras in the military & defense industry.
- Due to high speeds and resolution capabilities, the excessive load on the CPU inhibits the global GigE camera market growth.
- The global GigE camera market is ripe for lucrative opportunities due to the increase in the adoption of 3D vision technologies in the industry.
Impact Analysis of COVID-19
COVID-19 had negatively impacted the global GigE camera market. Due to disruptions in supply chains, several companies in Asia, including Japan, failed to maintain factory utilization rates. It led to a shortage of products. Further, due to a slowdown in OEM production and a drop-in demand for GigE cameras, the market has slightly slowed. There have been significant shortages of components and materials globally. The global market has also suffered from a reduction in capital budgets and delays in planned projects.
Post-COVID-19, as vaccines have become available in more countries and pandemic activity is better controlled, the global GigE camera market is forecast to grow.
Regional Insights
The Asia-Pacific region dominates the GigE camera market and is forecast to dominate the market during the forecast period. In addition, there are many major industry players spread out across countries in this region. Another factor driving the growth of the GigE camera market here is the increasing use of GigE cameras by these end-user verticals. In addition, this region will have the highest CAGR in the forecast period. China, Japan, and India account for the majority of this region’s contribution.
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Leading Competitors
The leading prominent companies profiled in the global GigE camera market are:
- Allied Vision Technologies GmbH
- Basler AG
- Baumer Holding AG
- IMPERX, Incorporated
- Matrox imaging
- Omron Corporation
- Qualitas Technologies
- Sony Corporation
- Teledyne DALSA Incorporated
- Toshiba Corporation
- Other Prominent Players
Scope of the Report
The global GigE camera market segmentation focuses on Type, Technology, Spectrum, Application, and Region.
Segmentation based on Type
- Area Scan Cameras
- Line Scan Cameras
Segmentation based on Technology
- Charge-Coupled Device (CCD)
- Color Camera
- Complementary Metal Oxide Semiconductor (CMOS)
- Monochrome Camera
- Near Infrared ( NIR) Cameras
- Segmentation based on Spectrum
- Ultraviolet (UV) Camera
Segmentation based on Application
- Automotive
- Food & Packaging
- Industrial
- Medical
- Military & Defense
- Pharmaceutical
- Security & Surveillance
- Others
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Segmentation based on Region
- North America
- The U.S.
- Canada
- Mexico
- Europe
- Western Europe
- The UK
- Germany
- France
- Italy
- Spain
- Rest of Western Europe
- Eastern Europe
- Poland
- Russia
- Rest of Eastern Europe
- Asia Pacific
- China
- India
- Japan
- Australia & New Zealand
- ASEAN
- Rest of Asia Pacific
- Middle East & Africa (MEA)
- UAE
- Saudi Arabia
- South Africa
- Rest of MEA
- South America
- Brazil
- Argentina
- Rest of South America
Key questions answered in the global GigE Camera market report are:
- How does a global company acquire markets?
- What are its core strategies and policies?
- What factors will influence the GigE Camera market over the forecast period?
- What are the factors driving and restraining the market for GigE Camera?
- What are the leading competitors in the global market?
- Which region is growing at a higher pace in the global market?
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