Global GigE Camera Market for Commercial Application to Witness the Fastest Growth Until 2020: Technavio
The global gigabit Ethernet (GigE) camera market is expected to grow at a CAGR of more than 11% during the forecast period, according to Technavio.
The research report ‘Global Gigabit Ethernet Camera Market 2016-2020’ provides an in-depth analysis of the market in terms of revenue and emerging market trends. It also includes up to date analysis and forecasts for various market segments and all geographical regions.
Based on image sensor, the market is segmented into the following: complementary metal-oxide-semiconductor (CMOS) and charge-coupled device (CCD). The market is moving fast toward CMOS sensors. The segment will account for 80% of the market by 2018 due to the high rapid rate of data detection and high transfer speed, which is considered to be the pinnacle in an industrial environment.
Global GigE camera market for military and defense application
The military and defense segment is one of the oldest application segments of the global GigE camera market. The segment uses GigE cameras as virtual electronic eyes to keep a check on enemy lines without human supervision. The military vision of GigE cameras requires a sophisticated network of cameras, sensors, computers, and software. The expectancy from GigE cameras is increasing rapidly. They are used for quick and accurate decision making without compromising on the sophistication of the analysis. In addition, the nature of purchase in the segment is B2B, which presents budgeting constraints.
Global GigE camera market for industrial application
Some of the prominent industries where GigE cameras are used include automotive, pharmaceuticals, mining, robotics, and design and integration. In these application areas, cameras are required to face shocks and vibrations, extreme temperatures, and long-time operational durability. GigE cameras’ resistance to high industrial environments makes them ideal for varied industrial applications.
Global GigE camera market for commercial application
The commercial segment is the fastest growing segment of the market due to increased adoption of GigE cameras for security and surveillance. The segment is expected to grow at a CAGR of over 11% during the forecast period. An increasing number of commercial stores in developed countries such as the US, the UK, Germany, and Japan are deploying GigE cameras for security applications.
Another major application of GigE cameras in the segment is in traffic surveillance and process monitoring installation, which require real-time viewing. These cameras are also used for image storage and post-processing analysis such as automatic number plate recognition (ANPR) and automatic license plate recognition (ALPR). These high alert assignments require a high-speed camera that can transfer uncompressed video and MPEG images over the high-definition serial digital interface (HD-SDI).
The top vendors highlighted by Technavio’s research analysts in this report are:
• Teledyne DALSA
• Allied Vision
• Point Grey Research
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