High-Speed Camera Market to Reach $1.6 Billion, Globally, by 2032 at 10.5% CAGR: Allied Market Research
The high-speed camera market is driven by factors such as increase in usage of high-speed camera in sports, growth in adoption of high-speed cameras in automotive and transportation and increase in demand for thermal imaging applications.
Portland, OR, July 28, 2023 (GLOBE NEWSWIRE) — Allied Market Research published a report, titled, “High-Speed Camera Market, by Spectrum (Visible RGB, Infrared, and X-Ray), Frame Rate (250-1,000 FPS, 1,001-10,000 FPS, 10,001-30,000 FPS, 30,001-50,000 FPS, and Above 50,000 FPS), Component (Image Sensors, Processors, Lens, Memory, Fans and Cooling, and Others), and Application (Automotive and Transportation, Consumer Electronics, Aerospace and Defense, Healthcare, Media and Entertainment, and Others): Global Opportunity Analysis and Industry Forecast, 2023–2032”. According to the report, the global high-speed camera market generated $0.6 billion in 2022, and is projected to reach $1.6 billion by 2032, registering a CAGR of 10.5% from 2023 to 2032.
Prime determinants of growth
The high-speed camera market analysis is expected to expand significantly during the forecast period owing to increase in usage of high-speed camera in sports, growth in adoption of high-speed cameras in automotive and transportation, and increase in demand for thermal imaging applications. In addition, during the forecast period, the high-speed camera market is anticipated to benefit from increase in application of high-speed cameras in intelligent transportation system (ITS), and growth in adoption of high-speed cameras in aerospace. On the contrary, the high cost associated with high-speed cameras is the restraint for high-speed camera market growth during the forecast period.
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Report coverage & details:
|Market Size in 2021||$0.6 billion|
|Market Size in 2031||$1.6 billion|
|No. of Pages in Report||295|
|Segments covered||Spectrum, Frame Rate, Component, Application, and Region.|
|Drivers||Increase in usage of high-speed camera in sports Growth in adoption of high-speed cameras in automotive and transportation Increase in demand for thermal imaging applications|
|Opportunities||Increase in application of high-speed cameras in intelligent transportation system (ITS) Growth in adoption of high-speed cameras in aerospace|
|Restraints||High cost associated with high-speed cameras|
- The emphasis on remote collaboration and virtual events highlighted the importance of high-speed cameras in facilitating high-quality video streaming and immersive experiences.
- Moreover, the pandemic accelerated technological advancements in industry, driving innovation, and the development of more advanced and user-friendly high-speed cameras.
The processors segment to maintain its leadership status throughout the forecast period.
Based on component, the processors segment held the highest market share in 2022, accounting for nearly one-fifth of the global high-speed camera market revenue, as it is known for its small size & flexibility, and it is widely used in cameras, for industrial end users. Moreover, the memory segment is projected to manifest the highest CAGR of 11.5% from 2023 to 2032, and is estimated to maintain its leadership status throughout the forecast period, driven by growing adoption of industrial automation across various sectors, including manufacturing, oil and gas, utilities, transportation, and mining to safe guard the data generated by the high-speed camera.
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The media and entertainment segment to maintain its leadership status throughout the forecast period.
Based on application, the media and entertainment segment held the highest market share in 2022, accounting for more than one-fifth of the global high-speed camera market revenue and is estimated to maintain its leadership status throughout the forecast period. In addition, the healthcare segment is projected to manifest the highest CAGR of 11.6% from 2023 to 2032 due to increase in use of endoscopy machines for the treatment of heart, liver and other body organs.
The visible RGB segment to maintain its leadership status throughout the forecast period.
Based on spectrum, the visible RGB segment held the highest market share in 2022, accounting for around three-fifths of the global high-speed camera market revenue and is estimated to maintain its leadership status throughout the forecast period. In addition, the x-ray segment is projected to manifest the highest CAGR of 12.6% from 2023 to 2032 due to increase in demand for high-speed cameras across various industries such as automotive, aerospace, manufacturing, and scientific research.
North America to maintain its dominance by 2032.
Based on region, North America held the highest market share in terms of revenue in 2022, accounting for more than one-third of the global high-speed camera market revenue. Asia-Pacific is likely to dominate the market during the forecast period with CAGR of 11.5%, owing to the increase in infrastructure of industries and used as diagnostic tools that assist researchers and engineers analyze high-speed packaging processes and others.
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Leading Market Players: –
- DEL Imaging
- Fastec Imaging
- iX Cameras
- Mikrotron GmbH
- Motion Capture Technologies
- nac Image Technology
- Olympus Corporation
- Vision Research Inc. (AMETEK Inc.)
- WEISSCAM GmbH
The report provides a detailed analysis of these key players of the global High-speed camera market. These players have adopted different strategies such as product development, and product launch to increase their market share and maintain dominant shares in different regions. The report is valuable in highlighting business performance, operating segments, product portfolio, and strategic moves of market players to showcase the competitive scenario.
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Regional Reports On High Speed Camera Market: Asia, Europe, North America, Japan, South Korea
North America High-Speed Camera Market: Opportunity Analysis and Industry Forecast, 2022-2032
Europe High-Speed Camera Market: Trends, revenue opportunities, pre-COVID growth, and forecast 2032
UK High-Speed Camera Market Highlights by Component, Application, Spectrum and Frame Rate-2032
Asia-Pacific High-Speed Camera Market: Opportunity Analysis and Growth Forecast, 2022-2032
Japan High-Speed Camera Market: Key trends, opportunities, and major impacting factors-2032
South Korea High-Speed Camera Market Analysis by component, application, spectrum, frame rate 2032
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