According to a recent report published by Allied Market Research, titled,"High Speed Camera Market by Spectrum, Frame Rate, Component, and Application: Global Opportunity Analysis and Industry Forecast, 2017 - 2025,"the global high-speed camera market was valued at $398.0 million in 2017 and is projected to reach $694.8 million by 2025, growing at a CAGR of 7.5% from 2018 to 2025.
A high-speed camera is an image capturing device that is equipped to capture frames exceeding almost 250 frames per second. These enhanced hand-held cameras are equipped with multiple storage options, built-in LCD screens, high resolutions and frames per second process that makes it a suitable option for various industry vertical.
The high-speed camera market is gaining traction, owing to the increased demand for high-speed cameras in various industry verticals such as entertainment, healthcare, and transportation, automotive among others, which influences its growth positively. In addition, the rise in R&D investments by key players is expected to further drive the high-speed camera market in the coming years.
Increase in demand for high-speed cameras within the sports sector is also on the rise owing to its enhanced capabilities such as high resolution, frame rate, and image processing. In addition, growth in demand for small, light-weight high speed cameras in automotive and transportation and increase in usage of high-speed cameras in thermal imaging applications act as a major driver for the market. However, high cost of high-speed camera is expected to hinder the high-speed camera market growth globally. Furthermore, emerging applications of high-speed cameras in intelligent transportation system (ITS), and growing adoption of high-speed cameras in aerospace & defense industry vertical among others offer lucrative opportunities for the high-speed camera market globally.
North America holds the largest market share in the high-speed camera market. U.S. is dominating the North America region and is experiencing rapid growth in high-speed camera market due to high industry standards and presence of major market players such as Vision Research Inc., Motion Capture Technologies, Fastec Imaging Corporation, which are investing in high-speed camera with high frame rate, high resolution, and fast processing. Such factors help the industries in the production and manufacturing processes, which increases the product line by ensuring 100% accuracy.
Key Findings of theHigh Speed Camera Market:
- Based on component, the image sensors segment generated the highest revenue in the global high-speed camera market in 2017.
- Based on application, the automotive and transportation segment generated the highest revenue in the global high-speed camera market in 2017.
The key players profiled in the report include Photron, Olympus Corporation, Mikrotron GmbH, NAC Image technology, DEL Imaging, Motion Capture Technologies, Vision research Inc., iX Cameras, Fastec Imaging, and WEISSCAM GMBH. These key players have adopted strategies, such as product portfolio expansion, mergers & acquisitions, agreements, geographical expansion, and collaborations to enhance their market penetration.