The Europe GigE Camera Market would witness market growth of 8.6% CAGR during the forecast period (2021-2027).
Machine vision devices and software can be seamlessly integrated with the GigE camera. As a result, GigE eliminates the time-consuming and multi-vendor integration difficulties that stymie the machine vision business. The GigE cameras' applications are driven by its high-speed data transfer rate of up to 1000 Mb/s and the ability to capture RAW images. The number of interfaced devices is not limited in this technique. As a result, a large number of networked image cameras may be used efficiently in any scenario.
GigE cameras also provide fast data speeds and extended cable lengths through a standard connector available on all modern computers. Furthermore, these cameras do not require frame grabbers, which are required when using analogue technology or traditional cameras. As a result, the cost of setting up a GigE camera system is relatively inexpensive, which is boosting its adoption rate.
The strong automotive sector of this region is creating a huge demand for various components used in the manufacturing of automobiles. In addition, many companies across automotive and industrial sector are highly investing in the adoption of latest devices and hence, attracting key market players to this region. Additionally, various supporting government policies and regulations would further motivate GigE camera manufacturers to expand their business across this region.
The Germany market dominated the Europe GigE Camera Market by Country 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $92.2 million by 2027. The UK market would witness a CAGR of 7.8% during (2021 - 2027). Additionally, The France market is experiencing a CAGR of 9.4% 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 Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Global GigE Camera Market Size will Hit $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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