The North America GigE Camera Market would witness market growth of 8.9% CAGR during the forecast period (2021-2027).
GigE (Gigabit Ethernet) cameras are image cameras that use GigE connectors to connect to computer systems. They use the GigE Vision interface standard, which was designed specifically for industrial cameras. These cameras are utilized in applications that need high-speed, high-resolution image processing, as well as the utilization of many cameras.
These cameras can be set up with common low-cost network components and extended cable lengths, allowing them to be used in situations where a dedicated computer is not available. The number of interfaced devices is not limited with Gigabit Ethernet Technology, allowing a large number of networked image cameras to perform successfully in a given setting.
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. In addition, the growing investment of the government across various nations to build a strong surveillance network would further accelerate the demand for GigE camera in this region over the forecast period.
The US market dominated the North America GigE Camera Market by Country 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $295.2 million by 2027. The Canada market is expected to witness a CAGR of 11.4% during (2021 - 2027). Additionally, The Mexico market would experience a CAGR of 10.4% 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 U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Global GigE Camera Market is Estimated 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.
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