GigE Camera Market Outlook - 2030
The global GigE camera market size was valued at $0.87 billion in 2020, and is projected to reach $2.32 billion by 2030, growing at a CAGR of 11.0% from 2021 to 2030. GigE Cameras are imaging cameras that have been designed to interface with computer systems using GigE ports. Gigabit Ethernet Cameras feature fast data transfer rates up to 1000Mb/s, making them ideal for many demanding imaging applications.
GigE vision is built upon the standard Gigabit Ethernet technology with a hardware interface, protocol for communications, and standardized control registers for camera control. GigE cameras offer high data rates and long cable lengths on a standard connection.
Furthermore, Gigabit Ethernet (GigE) is the fastest growing interface for digital cameras in the field of industrial image processing. It is a universally applicable digital interface, which for the first time provides the potential to produce cameras that can replace analog devices in almost every application. Gigabit Ethernet offers the widest technological flexibility with regard to bandwidth, cable length, and multi-camera functionality.
In addition, GigE Vision technology is now found in many applications, including traffic control, PCB inspection, and medical care. The GigE vision standard makes a persuasive argument especially regarding bandwidth, transmission mechanism, reliability, and cable length. GigE Vision is based on the topology of well-established Gigabit Ethernet technology. Gigabit Ethernet has the advantage of wide penetration in both the industrial & consumer markets and serves as the basis for an easy-to-use & low-cost interface for a wide variety of applications.
The global GigE camera market size is anticipated to witness significant growth during the forecast period. Factors, such as high usage of GigE camera in security & surveillance application, rise in demand for machine vision cameras, and surge in usage of GigE camera in military & defense industry drive the GigE camera market growth. GigE is the most frequent and desired interface for machine vision cameras due to the networking infrastructure that is already in place. GigE vision is an interface standard for industrial image processing by digital cameras that originated in the field of machine vision. Machine vision cameras are used in various industries such as electronics & semiconductor, healthcare, automotive, food & beverage, pharmaceuticals, packaging & printing.
However, the excessive load on the CPU due to high speed and resolution capabilities is a major restraint to the global GigE camera market growth. In addition, rise in adoption of 3D vision technologies is expected to create opportunities for the GigE camera industry. 3D vision technology is a growing trend that delivers accurate, real-time information to improve performance in applications. 3D vision detects objects regardless of position. The inclusion of 3D data transmission in the GigE Vision and GenICam standards along with massive amounts of cheap computer power have changed the way companies design and use 3D vision systems, bringing the vision industry one step closer to living in the real world.
Segment Review
The GigE camera market is segmented on the basis of type, technology, spectrum, application, and region. By type, the market is bifurcated into area scan cameras and line scan cameras. By technology, it is divided into complementary metal oxide semiconductor (CMOS) and charge coupled device (CCD). By Spectrum, it is fragmented into monochrome camera, color camera, near infrared (NIR) camera, and ultraviolet (UV) camera. The charge coupled device (CCD) segment is further sub-segmented into progressive scan CCD and interlaced CCD. Depending on application, it is separated into automotive, military & defense, food & packaging, pharmaceutical, security & surveillance, medical, industrial, and others.
By Type
Line Scan Cameras segment will grow at a highest CAGR of 12.30% during 2021 - 2030
Region-wise, the GigE camera market trends are analyzed across North America (U.S., Canada, and Mexico), Europe (Germany, UK, France, Italy, and rest of Europe), Asia-Pacific (China, Japan, India, South Korea, and Rest of Asia-Pacific), and LAMEA (Latin America, the Middle East, and Africa). Asia-Pacific dominates the market and is estimated to grow rapidly during the forecast period, due to high infrastructural development and adoption of advanced technology.
Top Impacting Factors
The prominent factors that impact the GigE camera market growth are high usage of GigE camera in security & surveillance application, rise in demand for machine vision cameras, and surge in usage of GigE camera in military & defense industry. However, the excessive load on CPU due to high speed and resolution capabilities restricts the market growth. On the contrary, increase in adoption of 3D vision technologies is expected to create lucrative opportunities for the market. Therefore, these factors are expected to definitely affect global GigE camera industry during the forecast period.
Competitive Analysis
Competitive analysis and profiles of the major GigE camera market players, such as Allied Vision Technologies GmbH (Germany), Basler AG (Germany), Baumer Electric AG (Switzerland), IMPERX, Inc. (U.S.), Sony Corporation (Japan), Teledyne DALSA Inc. (Canada), Toshiba Corporation (Japan), Qualitas Technologies (India), Matrox imaging (Canada) and Omron Corporation (Japan). These companies have focused their investment on technologically advanced, cost-effective, and more secure products & solutions for various applications.
By Application
Security and surveillance segment is expected to secure leading position during forecast period.
Covid-19 Impact Analysis
The ongoing COVID-19 pandemic has abruptly re-shaped the global economy. Sudden decline in infrastructure development is expected to hamper the GigE camera market for industrial sector.
The impact of COVID-19 on camera market appeared with the suspension of operations at production sites worldwide for both office equipment and cameras. Attributed to supply-chain disruptions, several companies could not avoid a decline in factory utilization rates in Asia, including Japan. As a result, companies faced a situation of tight product supply.
Nowadays, governments and central banks in each country around the world have swiftly implemented various measures to return the economy to a recovery path. Although leading players are witnessing COVID-19 pandemic fade around the world, however, no one is able to predict when things are expected to settle down. Under this situation and at this point of time, it is extremely difficult to project the performance in the remaining months of the year. From this perspective, the market players have decided to promptly disclose full year projection, once a reasonable projection can be made.
However, slowdown in productions by OEMs and reduction in demand for GigE cameras have slightly pulled down the market. Shortages of components and materials have significantly impacted the global supply chains. In addition, reduction in various capital budgets and delay in planned projects have hampered the global economy.
On the other hand, as vaccines roll out across the globe and the pandemic situation is better controlled, especially in North America and Europe the GigE camera market is anticipated to get a boost.
By Region
Asia-Pacific region would exhibit the highest CAGR of 11.90% during 2021-2030
Key Benefits For Stakeholders
- This study comprises analytical depiction of the global GigE camera market outlook along with the current trends and future estimations to depict the imminent investment pockets.
- The overall GigE camera market analysis is determined to understand the profitable trends to gain a stronger foothold.
- The report presents information related to key drivers, restraints, and GigE camera market opportunities with a detailed impact analysis.
- The current GigE camera market forecast is quantitatively analyzed from 2020 to 2030 to benchmark the financial competency.
- Porter’s five forces analysis illustrates the potency of the buyers and the GigE camera market share of key vendors.
- The report includes the market trends and the revenue share of key vendors.
Key Market Segments
By Type
- Area Scan Cameras
- Line Scan Cameras
By Technology
- Complementary Metal Oxide Semiconductor (CMOS)
- Charge Coupled Device (CCD)
By Spectrum
- Monochrome Camera
- Color Camera
- Near Infrared ( NIR) Cameras
- Ultraviolet (UV) Camera
By Application
- Automotive
- Military & Defense
- Food & Packaging
- Pharmaceutical
- Security & Surveillance
- Medical
- Industrial
- Others
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Italy
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Rest of Asia-Pacific
- LAMEA
- Latin America
- Middle East
- Africa
Key Players
- Allied Vision Technologies GmbH
- Basler AG
- Baumer
- IMPERX, Inc.
- Matrox imaging
- Omron Corporation
- Qualitas Technologies
- Sony Corporation
- Teledyne DALSA Inc.
- Toshiba Corporation
GigE Camera Market Report Highlights
| Aspects | Details |
 By Type |
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 By Technology |
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 By Spectrum |
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 By Application |
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 By Region |
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 Key Market Players | IMPERX, Inc., Baumer, Teledyne Technologies Incorporated (U.S.), Toshiba Corporation, Basler AG, Sony Corporation, Allied Vision Technologies GmbH, Qualitas Technologies, Matrox Imaging, OMRON Corporation |
Analyst Review
According to the insights of the CXOs of leading companies, the GigE camera market holds high potential in the industrial and automotive sector. The current business scenario experiences rapid development in smart infrastructure and camera market leading to readiness in adopting advanced technology, particularly in the developed and developing regions such as North America, Asia-Pacific, and Europe. Companies in this industry have adopted various innovative techniques to provide customers with advanced and innovative features.
Asia-Pacific is the leading supplier of raw materials for manufacturing of camera systems across the globe. In addition, Asia-Pacific has witnessed a wide-scale adoption of these cameras in the recent years, owing to their increased demand across various sectors such as military & defense, automotive, industrial, food & packaging, medical, and manufacturing. Companies that operate in the GigE camera market have a robust supply chain network owing to high penetration of local players in the market.
The key players of the market focus on introduction of technologically advanced products to remain competitive in the market. Product launch, agreement, expansion, and partnership are expected to be the prominent strategies adopted by the market players. North America dominated the market in 2020, due to high infrastructural development and adoption of advanced technology. On the other hand, Asia-Pacific is estimated to grow rapidly during the forecast period.
The GigE Camera Market is estimated to grow at a CAGR of 11.0% from 2021 to 2030.
The GigE Camera Market is projected to reach $2.32 billion by 2030.
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Factors such as high usage of GigE camera in security & surveillance application, rise in demand for machine vision cameras, and surge in usage of GigE camera in military & defense industry drives the growth of the GigE Camera market
The key players profiled in the report include Allied Vision Technologies GmbH (Germany), Basler AG (Germany), Baumer Electric AG (Switzerland), IMPERX, Inc. (U.S.), Sony Corporation (Japan), Teledyne DALSA Inc. (Canada), Toshiba Corporation (Japan), Qualitas Technologies (India), Matrox imaging (Canada) and Omron Corporation (Japan), and many more.
On the basis of top growing big corporations, we select top 10 players.
The GigE Camera Market is segmented on the basis of type, technology, spectrum, application, and region.
The key growth strategies of GigE Camera market players include product portfolio expansion, mergers & acquisitions, agreements, geographical expansion, and collaborations.
subsegments of technology are metal oxide semiconductor (CMOS) and charge coupled device (CCD).
Line Scan Cameras segment will grow at a highest CAGR of 12.30% during 2021 - 2030.
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