GigE Camera Market Outlook - 2030

GigE Camera, also known as Gigabit Ethernet Camera, is an image camera that can connect to a computer system via a GigE port. GigE cameras use GigE vision standards, which were created specifically for cameras that send images over gigabit Ethernet. GigE cameras can carry data at speeds of up to 1000MBs, making them ideal for a variety of demanding applications. GigE cameras are typically utilized in situations that need a high data transfer rate across lengthy cable distances. Furthermore, these cameras do not require frame grabbers, which are required when using analogue technology or traditional cameras. As a result, the cost of setting up a GigE camera system is relatively inexpensive, which has boosted its adoption rate.

The global GigE camera market is segmented on the basis of type, technology, end-user and region. Based on type, the market is divided into line scan and area scan. In terms of technology, the market is categorized into CCD and CMOS. On the basis of end user the market is divided into healthcare, military & defense, industrial, and others. Geographically, the market is analyzed across several regions such as North America, Europe, Asia-Pacific, and Latin America, Middle East & Africa (LAMEA).

Key players operating in the global GigE camera industry include Allied Vision Technologies, Multiplix Imaging, Basler AG, Point Grey Research, Matrox, Baumer, Sony Electronics Inc., JAI, Qualitas Technologies, and MATRIX VISION GmbH. These companies have adopted several strategies such as product launches, partnerships, collaborations, mergers & acquisitions, and joint ventures to strengthen their foothold in the global GigE camera market.

Market Scope and Structure Analysis

COVID-19 Scenario Analysis

The COVID-19 pandemic has impacted the society and overall economy across the globe. The impact of this outbreak is growing day-by-day as well as affecting the supply chain. It has created uncertainty in the stock market, declined business confidence, massively slowed down the supply chain, and increased panic among customers. European countries under lockdowns have suffered a major loss of business and revenue due to shutdown of manufacturing units in the region. Due to the COVID-19 outbreak in the country, manufacturers have had to lay off a significant number of workers and operate with a relatively small workforce.

This has revealed a significant reduction in GigE camera production volumes, indicating a negative trend in revenue creation in the GigE camera industry. Furthermore, distributors have reported a drop in demand for GigE cameras due to the closure of state and national borders, as well as restrictions on individual movement, which has hampered the operations of hunters and researchers. The expansion of the GigE camera is being hampered by this parameter. In addition, a significant issue that has contributed to the decline in the revenue generation stream of the GigE camera market Growth in the U.S. is delay of shipments.

Significant growth in the market can be seen during the forecast period. Once the lockdown is over, the production rate is anticipated to come to its previous pace.

Top Impacting Factors

Fast data transfer speeds, low development costs, and effective video transmission with easy configuration options are propelled the worldwide growth of the market. The market is anticipated to benefit greatly from the adoption of 3D vision technologies and the shift to smart camera-based systems. During the projected period, the GigE camera market is expected to increase significantly. Increased CPU load and the need for a uniform driver for interoperability, on the other hand, have stifled the worldwide GigE camera market's growth.

Increase in the demand for GigE Camera for Traffic, Security & Surveillance Use

The world's rising population, combined with improving lifestyles, has posed new issues for governments in terms of managing transportation infrastructure and security. Additional staffing is not a cost-effective solution because it exceeds the budget. The trend toward the deployment of Intelligent Transportation Systems (ITS) promises to make future roads safer, greener, and more connected, which fuels demand for industrial cameras such as GigE, allowing for effective speed, toll, and red-light enforcement.

Furthermore, due to the several cameras in a system that can be accessed easily for the transportation system, Power over Ethernet (PoE) allows for quick installation. Toll and red-light enforcement, unlike traffic enforcement, have stringent criteria for capturing acceptable photographs in a variety of lighting conditions, ranging from bright daylight to nighttime with only a corner lamp post for illumination. The camera must be color-capable, have a broad enough field of vision to capture the full vehicle's image, and have a high enough resolution to allow for reliable automatic license plate recognition.

Increase in Demand for Machine Vision Cameras

The GigE camera is the most frequent and desired interface for machine vision cameras due to the networking infrastructure that is already in place. One of the most important applications of GigE cameras is in the pharmaceutical industry. Monochromatic cameras are utilized for barcode reading and flow management procedures where color is not required. The GigE camera market is likely to be propelled further by rise in investments in the automotive sector, as well as an increase in spending  on e-vehicles.

Key Segments Covered

Key Benefits of the Report

• This study presents the analytical depiction of the global GigE camera industry along with the current trends and future estimations to determine the imminent investment pockets.
• The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the GigE camera market share.
• The current market is quantitatively analyzed from 2021 to 2030 to highlight the growth scenario of the GigE camera market forecast.
• Porter’s five forces analysis illustrates the potency of buyers and suppliers in the market.
• The report provides a detailed GigE camera market analysis based on competitive intensity and how the competition will take shape in coming years.

Questions Answered in the GigE Camera Market Research Report

• Which are the leading players active in the GigE camera market size?
• What are the current trends that will influence the market in the next few years?
• What are the driving factors, restraints, and opportunities in the GigE camera market trends?
• What are the projections for the future that would help in taking further strategic steps?