According to the latest market research study released by Technavio, the global GigE camera market is expected to grow at a CAGR of more than 11% during the forecast period 2016-2020.
This market research report by Technavio provides an in-depth analysis of the market in terms of revenue and emerging market trends. The report also includes an up-to-date analysis and forecasts for various market segments and all geographical regions.
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Technavio research analysts categorize the global GigE camera market based on application:
Global GigE camera market share by application 2015
|
Military and defense |
47.37% |
|
Industrial |
28.07% |
|
Commercial |
24.56% |
Source: Technavio
The top three revenue contributing application segments are discussed below:
Military and defense
The military and defense segment accounted for around 47% share of the global GigE camera market in 2015 and is expected to witness moderate growth during the forecast period. The military and defense segment is one of the oldest application segments of the global GigE camera market. It mostly uses heavy-duty GigE cameras as virtual electronic eyes to keep a check on enemy lines without human supervision. The military vision of GigE cameras requires a sophisticated network of sensors, computers, cameras, and software. They are used for quick and accurate decision-making without compromising on the sophistication of the analysis. Moreover, the nature of purchase in the segment is B2B, which presents budgeting constraints.
“The military and defense segment requires small-sized and lightweight cameras with good-quality military-grade performance. This is the major growth factor for CMOS sensor GigE cameras, which are being mostly used in the segment. A GigE camera can act as a vision-compliant video interface, where upgrading vision systems on military ground vehicles is easy. This is beneficial to integrate various cameras, computers, and displays into a single digital, real-time video network,” says Ujjwal Doshi, a senior analyst at Technavio for research on consumer electronics.
Industrial
GigE cameras have numerous industrial applications, such as factory automation, food and packaging inspection, electronics manufacturing, and other machine vision applications. For such varied applications, these cameras should have a flexible mechanical design, support industry standard protocol, and be compatible with third-party peripherals. The application for GigE cameras is increasing in the industrial sector and is expected to grow at a CAGR of around 11% during the forecast period. The industries where GigE cameras are used include pharmaceuticals, mining, robotics, automotive, and design and integration. In these application areas, cameras are required to face extreme temperatures, shocks and vibrations, and long-time operational durability. GigE cameras’ resistance to high industrial environments makes them ideal for varied industrial applications. GigE cameras are considered ideal for high-performance synchronized multi-angle systems and can be used for inspection as well as design.
As productivity is considered as the pinnacle in an industrial environment, high camera frame rates and high-speed interfaces are anticipated to ensure that quality control does not slow down the productivity.
Commercial
The commercial segment is the fastest-growing segment of the market due to the increased adoption of GigE cameras for security and surveillance and is expected to grow at a CAGR of around 14% during the forecast period. An increasing number of commercial stores in the developed countries such as the UK, the US, Japan, and Germany, are deploying GigE cameras for security applications. Another major application of GigE cameras in the segment is in traffic surveillance and process monitoring installation, which require real-time viewing. These cameras are also used for image storage and post-processing analysis such as automatic license plate recognition (ALPR) and automatic number plate recognition (ANPR). These high alert assignments require a high-speed camera that can transfer uncompressed video and MPEG images over the high-definition serial digital interface (HD-SDI). The commercial segment is progressively implementing these cameras in the broadcasting business due to their high data transfer speed.
The top leading vendors operating in the global GigE camera market are:
- Teledyne DALSA
- Allied Vision
- JAI
- Point Grey Research
Other prominent vendors in the market include Adimec Electronic Imaging, Alrad Instruments, Basler, Baumer Optronic, Bytronic Automation, IMPERX, GEViCAM, MATRIX VISION, Matrox Electronic Systems, Multipix Imaging, Qualitas Technologies, PixeLINK, Sony, and Toshiba Teli.
A more detailed analysis is available in the Technavio report titled, ‘Global GigE camera Market 2016-2020’. Technavio also customizes reports by other regions and specific segments upon request.
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