The Asia Pacific GigE Camera Market would witness market growth of 9.3% CAGR during the forecast period (2021-2027).
The GigE camera market is growing due to factors such as increased use of GigE cameras in security and surveillance applications, increased demand for machine vision cameras, and increased use of GigE cameras in the military and defence industries. Because of the existing networking infrastructure, GigE is the most popular and requested interface for machine vision cameras.
Multiple cameras, rapid data transfer rates, and extensive cable lengths are all requirements for Gigabit Ethernet Cameras. These cameras are image cameras that use GigE connections to connect to computer systems. Fast data transfer rates of up to 1000Mb/s make Gigabit Ethernet Cameras ideal for a wide range of demanding imaging applications. Because of the lengthy connections provided by Gigabit Ethernet technology, Gigabit Ethernet cameras can be utilised in a variety of places that are remotely working with a dedicated computer.
Furthermore, the area is investing in connected infrastructure projects, which contributes significantly to all worldwide investments, and are primarily focused on energy, transportation, water, and rail. Several smart city projects are being initiated by the government of developing nations in this region, which is motivating them to implement GigE camera across various facilities to create a network for better safety and security.
The China market dominated the Asia Pacific GigE Camera Market by Country 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $139.8 million by 2027. The Japan market is anticipated to grow a CAGR of 8.7% during (2021 - 2027). Additionally, The India market would showcase a CAGR of 9.9% during (2021 - 2027).
Based on Type, the market is segmented into Area Scan Cameras and Line Scan Cameras. Based on Application, the market is segmented into Security & Surveillance, Automotive, Medical, Industrial, Military & Defense, Food & Packaging, Pharmaceutical, and Others. Based on Technology, the market is segmented into Complementary Metal Oxide Semiconductor (CMOS) and Charge Coupled Device (CCD). Based on Spectrum, the market is segmented into Monochrome Camera, Color Camera, Near Infrared (NIR) Cameras, and Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Worldwide GigE Camera Market is Projected to reach USD 1.4 Billion by 2027, at a CAGR of 9.1%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Pleora Technologies, Inc., Matrox Electronic Systems Ltd., Teledyne Technologies, Inc. (Teledyne DALSA, Inc.), Baumer Holding AG, Allied Vision Technologies GmbH, Basler AG, Sony Corporation, Toshiba Corporation, Omron Corporation, and Vision Components GmbH.
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