USD 1.08 Bn growth expected in GigE Camera Market -- Driven by increasing demand from security and surveillance
NEW YORK, Aug. 5, 2022 /PRNewswire/ -- The "GigE Camera Market by Type and Geography – Forecast and Analysis 2022-2026" report has been added to Technavio's offering. According to the report, the market will observe an incremental growth of USD 1.08 billion between 2021 and 2026. However, the growth momentum is expected to decelerate at a CAGR of 12.15% during the forecast period. The report provides a comprehensive analysis of recent developments, new product launches, major revenue-generating segments, and market behavior across geographies. Download Sample PDF Report Here
The market is primarily driven by the increasing demand for GigE cameras in security and surveillance. The rapid growth in population and urbanization across the globe has led to a steady rise in the number of conflicts and criminal activities. This has increased the installation of smart cameras by local governments, communities, and public welfare associations. GigE cameras are considered to be the best among the security cameras available in the market. These cameras offer the widest technological flexibility and hence, they are widely used in aerial imaging and ground surveillance applications. All these factors are driving the growth of the market in focus.
In addition, the increasing demand for industrial image processing and the technological flexibility of GigE cameras will further accelerate the growth of the market. However, the high cost of research and development associated with GigE cameras will reduce the growth opportunities for vendors.
The global GigE camera market is competitive, with vendors competing on the basis of four major factors, namely price, quality, innovation, and performance. Vendors are focused on enhancing their product and service delivery by investing heavily in R&D and incorporating a high degree of customization in their GigE camera offerings. To expand their market share and increase their client base, vendors are likely to opt for strategic partnerships with other vendors. As a result, M&A will be a key development during the forecast period. At present, the market promises high revenue potential for vendors.
The GigE camera market report includes information on the product launches, sustainability, and prospects of leading vendors including Allied Vision Technologies GmbH, Basler AG, Baumer Holding AG, Emergent Vision Technologies Inc., GEViCAM Inc., Hangzhou Ai Ke Electronics Co. Ltd., Hangzhou Hikvision Digital Technology Co. Ltd., IDS Imaging Development Systems Gmbh, Imperx Inc., JAI AS, LUCID Vision Labs Inc., Matrox Electronic Systems Ltd., OMRON Corp., Photonfocus AG, Pleora Technologies Inc., Sony Corp., Teledyne Technologies Inc., TKH Technology Poland, Toshiba Corp., and INET Electronics and Trade ltd.
The report includes the competitive analysis which analyzes and evaluates the position of companies based on their industry position score and market performance score. Some of the factors considered for analysis are financial performance over the last three years, growth strategies, innovation score, new product launches, investments, growth in market share, etc. View Sample Report Here
Market Segmentation by Type
Market Segmentation by Region
Table of Contents:
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Five Forces Analysis
5 Market Segmentation by Type
6 Customer Landscape
7 Geographic Landscape
8 Drivers, Challenges, and Trends
9 Vendor Landscape
10 Vendor Analysis
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