The global GigE camera market is expected to grow at a CAGR of 9.1% from 2022 to 2032, reaching US$ 5.8 billion. It is expected to be worth US$ 3.5 billion in 2022. Sales of GigE cameras are projected to expand in the coming years as a result of their ability to convey data quickly during particular jobs that require the usage of several cameras.
GigE Camera or Gigabit Ethernet Camera is the image camera which has an ability to interface with computer system using GigE port. GigE cameras are based on GigE vision standards developed specifically for cameras which transmit images over gigabit Ethernet.
GigE cameras have ability to transfer data up to 1000MB/s which makes it favourable for many demanding applications. GigE cameras are predominantly used for applications which requires high rate of data transfer through long cable distances.
The GigE camera is a very affordable solution with simple configuration possibilities because it does not require a frame grabber, unlike many previous interface technologies. Over the course of the forecast period, all of these benefits are anticipated to contribute to the GigE camera market’s swift expansion.
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GigE Camera Market: Drivers & Restraints
GigE camera market is expected to show significant growth during the period of forecast. Factors which are driving the growth of global GigE camera market are fast data transfer speed, decreasing development cost and efficient video transmission with easier configuration options.
On the other hand, increased CPU load and necessity of universal driver for interoperability are the restraints for the growth of global GigE camera market. However, adoption of 3D vision technologies and move towards smart camera based system creates great opportunity for global GigE camera market
GigE Camera Market: Region wise outlook
By region, the global GigE camera market can be segmented into seven regions namely, North America , Latin America, Asia-Pacific excluding Japan, Western Europe, Japan as a separate region, Eastern Europe and Middle East & Africa. Out of all this regions, present global GigE camera market is dominated by North America region in terms of value.
In North America region, non-manufacturing applications of GigE cameras such as security & surveillance, intelligent transportation and medical imaging are dominating. It is mainly because of high infrastructural development and high adoption of advanced technology. On the other hand Asia Pacific region is estimated to grow rapidly during the period of forecast.
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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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
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