LAMEA GigE Camera Market Size, Share & Industry Trends Analysis Report By Type, By Application, By Technology, By Spectrum, By Country, Historical Data and Growth Forecast, 2021 - 2027
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Market Report Description
The Latin America, Middle East and Africa GigE Camera Market would witness market growth of 10.9% CAGR during the forecast period (2021-2027).
The GigE camera sector is likely to benefit from the increased adoption of 3D vision technologies. 3D vision technology is a rising trend that provides accurate, real-time data to boost application performance. Objects are detected in 3D vision regardless of their position. The addition of 3D data transfer in the GigE Vision and GenICam standards, as well as vast amounts of low-cost computer power, has transformed how companies develop and operate 3D vision systems, bringing the vision industry one step closer to live in the real world.
Furthermore, in the realm of industrial image processing, Gigabit Ethernet (GigE) is the fastest growing interface for digital cameras. It is a universally applicable digital interface that, for the first time, gives manufacturers the ability to create cameras that can replace analogue equipment in nearly every application. In terms of bandwidth, cable length, and multi-camera capabilities, gigabit Ethernet provides the most technological flexibility.
The camera's USB or GigE port has no bearing on machine vision applications. The distance between the camera and the processor, followed by data speed, are the deciding variables in which camera output is selected that would motivate companies to invest in these cameras. Moreover, economic condition of various nations in this region is becoming stronger, which is one of the major factors contributing to growth of various business domains.
The Brazil market dominated the LAMEA GigE Camera Market by Country 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $26.1 million by 2027. The Argentina market would exhibit a CAGR of 11.5% during (2021 - 2027). Additionally, The UAE market is poised to grow a CAGR of 10.6% 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 Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Global GigE Camera Market is Predict to reach $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.
Scope of the Study
Market Segments Covered in the Report:
- Area Scan Cameras
- Line Scan Cameras
- Security & Surveillance
- Military & Defense
- Food & Packaging
- Complementary Metal Oxide Semiconductor (CMOS)
- Charge Coupled Device (CCD)
- Monochrome Camera
- Color Camera
- Near Infrared ( NIR) Cameras
- Saudi Arabia
- South Africa
- Rest of LAMEA
Key Market Players
List of Companies Profiled in the Report:
- 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
- Vision Components GmbH
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