According to a new report Global GigE Camera Market, published by KBV research, The Global GigE Camera Market size is expected to reach $1.4 billion by 2027, rising at a market growth of 9.1% CAGR during the forecast period.
The Area Scan Cameras market is generating high revenue in the Global GigE Camera Market by Type 2020, thereby, achieving a market value of $695.9 million by 2027. A matrix of pixels is used in area scan cameras to capture an image of a scene. They are more versatile than line scan cameras, and they're easier to set up and align. Area scan cameras work best in situations where the object is immobile, even if just for a short time.
The Security & Surveillance market acquired maximum revenue share in the Global GigE Camera Market by Application 2020, thereby, achieving a market value of $304.7 million by 2027. The trend toward the deployment of Intelligent Transportation Systems (ITS) promises to make future roads safer, greener, and more connected. This fuels demand for industrial cameras like GigE, allowing for effective speed, toll, and red-light enforcement.
The Charge Coupled Device (CCD) market shows highest growth rate of 11% during (2021 - 2027). In current optical microscopy, digital camera systems with a range of charge-coupled device (CCD) detector combinations are the most prevalent image capturing technique, which is fuelling the growth of this segment across the world.
The Monochrome Camera market shows high market share of Global GigE Camera Market by Spectrum 2020, thereby, achieving a market value of $650.5 million by 2027. Colour filter arrays are not used in monochrome digital cameras. As a result, they record all of the light that falls on each pixel, none is wasted to colour filters, resulting in increased sensor sensitivity. Due to this, many companies across different verticals are using these cameras.
The Asia Pacific market is the fastest growing region in the Global GigE Camera Market by Region 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $498.1 million by 2027. The Europe market is expected to witness a CAGR of 8.6% during (2021 - 2027). Additionally, The North America market is expected to witness a CAGR of 8.9% during (2021 - 2027).
Full Report: https://www.kbvresearch.com/gige-camera-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of 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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