GigE Camera Market: Current Analysis and Forecast (2023-2030)

Report Description

The GigE Camera Market was valued at 1.5 billion in 2022 and is expected to grow at a steady rate of around 9.5% in the forecasted period (2023-2030) owing to the growing demand for high-speed connectivity, cost-effectiveness, versatility, and improved image quality. A GigE Camera is a high-speed digital camera that uses the Gigabit Ethernet (GigE) networking standard to transmit image data to a computer. It typically has a resolution of 1080p or higher and can capture images at a rate of up to 30 frames per second. GigE cameras are often used in industrial and scientific applications, such as machine vision, medical imaging, and scientific research, because of their high resolution, low latency, and high data transfer rates. Moreover, the growth of the IoT has led to an increase in the number of connected devices, including cameras. GigE cameras are well-suited for IoT applications as they can easily connect to a network and transmit data over the internet. For instance, in 2021, FLIR Systems launched the FLIR A60 Thermal Imaging Camera, a GigE camera that can capture high-resolution thermal images. The camera was designed for industrial, commercial, and consumer applications, and can be integrated with other devices such as NVRs and edge computing systems.

Some of the major players operating in the market include Allied Vision Technologies GmbH; Basler AG; Baumer; IMPERX, Inc; Zebra Technologies Corporation.; Omron Corporation; Qualitas Technologies.; Sony Corporation; Teledyne Digital Imaging Inc.; Canon.

Insights Presented in the Report

“Among technology, the CMOS segment is anticipated to lead the market during forecast period.”

Based on technology, the market is bifurcated into charged coupled device (CCD), and employee advocacy software market (CMOS). Among these, the CMOS segment is leading the GigE camera market. This is due to the increasing adoption of CMOS image sensors in a wide range of applications, including industrial automation, medical imaging, and security surveillance. One of the key advantages of CMOS image sensors is their lower power consumption compared to CCD image sensors. This makes them ideal for use in battery-powered devices, such as smartphones, drones, and security cameras, where power consumption is a critical factor.

“Amongst spectrum, monochrome camera category to witness significant market growth during the forecast period.”

Based on spectrum, the market is categorized into monochrome camera, color camera, near infrared (NIR) camera, ultraviolet (UV) camera. Among these, the monochrome camera segment is leading the GigE Camera market. Monochrome cameras are gaining popularity due to their lower cost and higher sensitivity compared to color cameras. They are widely used in industrial automation, medical imaging, and scientific research applications where high-speed and high-resolution images are required. The increasing adoption of monochrome cameras in these industries is driving the growth of the monochrome camera segment in the GigE Camera market. Additionally, the development of advanced monochrome sensors with high dynamic range and low noise performance is expected to further boost the growth of this segment.

“North America to hold a significant share in the market.”

North America is anticipated to lead the GigE Camera Market due to factors such as the presence of many leading players in the region, the growing demand for advanced imaging technologies in various industries such as automotive, healthcare, and manufacturing, and the high adoption of advanced technologies such as machine vision and robotics. Additionally, the region has a strong focus on research and development, which has led to the development of advanced imaging technologies and solutions. Furthermore, the increasing adoption of GigE cameras in various applications such as industrial automation, medical imaging, and security surveillance is also driving the growth of the GigE Camera Market in North America.

Frequently Asked Questions (FAQ)

Q1:  What is the current market size and growth potential of the global GigE Camera Market?

Ans: The GigE Camera Market was valued at 1.5 billion in 2022 and is expected to grow at a steady rate of around 9.5% in the forecasted period (2023-2030).

Q2: What are the driving factors for the growth of the global GigE Camera Market?

Ans: The growing demand for high-speed connectivity, cost-effectiveness, versatility, and improved image quality.

Q3: Which segment has the largest share of the global GigE Camera Market by technology?

Ans: The CMOS segment is leading the GigE camera market.

Q4: What are the emerging technologies and trends in the global GigE Camera Market?

Ans: High-speed network cameras and the emerging technologies such as AI and ML.

Q5: Which region will dominate the global GigE Camera Market?

Ans: North America is expected to dominate the market during the forecast period.

Q6: Who are the key players operating in the global GigE Camera Market?

Ans: Allied Vision Technologies GmbH; Basler AG; Baumer; IMPERX, Inc; Zebra Technologies Corporation.; Omron Corporation; Qualitas Technologies.; Sony Corporation; Teledyne Digital Imaging Inc.; Canon.

GigE Camera Market Report Coverage

Reasons to buy this report:

• The study includes market sizing and forecasting analysis validated by authenticated key industry experts.
• The report presents a quick review of overall industry performance at one glance.
• The report covers an in-depth analysis of prominent industry peers with a primary focus on key business financials, product portfolio, expansion strategies, and recent developments.
• Detailed examination of drivers, restraints, key trends, and opportunities prevailing in the industry.
• The study comprehensively covers the market across different segments.
• Deep dive regional level analysis of the industry.

Customization Options:

The global GigE Camera Market can further be customized as per the requirement or any other market segment. Besides this, UMI understands that you may have your own business needs, hence feel free to contact us to get a report that completely suits your requirements.

You can also purchase parts of this report. Do you want to check out a section wise
price list?

Get in touch with team

Research Methodology

Research Methodology for the GigE Camera Market Analysis

(2023-2030)

Analyzing the historical market, estimating the current market, and forecasting the future market of the global GigE Camera Market were the three major steps undertaken to create and analyze the adoption of GigE Camera in major regions globally. Exhaustive secondary research was conducted to collect the historical market numbers and estimate the current market size. Secondly, to validate these insights, numerous findings and assumptions were taken into consideration. Moreover, exhaustive primary interviews were also conducted, with industry experts across the value chain of the global GigE Camera Market. Post assumption and validation of market numbers through primary interviews, we employed a top-down/bottom-up approach to forecasting the complete market size. Thereafter, market breakdown and data triangulation methods were adopted to estimate and analyze the market size of segments and sub-segments of the industry pertains to. Detailed methodology is explained below:

Analysis of Historical Market Size

Step 1: In-Depth Study of Secondary Sources:

Detail secondary study was conducted to obtain the historical market size of the GigE Camera Market through company internal sources such as annual reports & financial statements, performance presentations, press releases, etc., and external sources including journals, news & articles, government publications, competitor publications, sector reports, third-party database, and other credible publications.

Step 2: Market Segmentation:

After obtaining the historical market size of the GigE Camera Market, we conducted a detailed secondary analysis to gather historical market insights and share for different segments & sub-segments for major regions. Major segments are included in the report as technologies, spectrum, and applications. Further country-level analyses were conducted to evaluate the overall adoption of testing models in that region.

Step 3: Factor Analysis:

After acquiring the historical market size of different segments and sub-segments, we conducted a detailed factor analysis to estimate the current market size of the GigE Camera Market. Further, we conducted factor analysis using dependent and independent variables such as various technologies, spectrum, and applications of GigE Camera. A thorough analysis was conducted for demand and supply-side scenarios considering top partnerships, mergers and acquisitions, business expansion, and product launches in the GigE Camera Market sector across the globe. 

Current Market Size Estimate & Forecast

Current Market Sizing: Based on actionable insights from the above 3 steps, we arrived at the current market size, key players in the global GigE Camera Market, and market shares of the segments. All the required percentage shares split, and market breakdowns were determined using the above-mentioned secondary approach and were verified through primary interviews.

Estimation & Forecasting: For market estimation and forecast, weights were assigned to different factors including drivers & trends, restraints, and opportunities available for the stakeholders. After analyzing these factors, relevant forecasting techniques i.e., the top-down/bottom-up approach were applied to arrive at the market forecast for 2030 for different segments and sub-segments across the major markets globally. The research methodology adopted to estimate the market size encompasses:

• The industry’s market size, in terms of revenue (USD) and the adoption rate of the GigE Camera Market across the major markets domestically
• All percentage shares, splits, and breakdowns of market segments and sub-segments
• Key players in the global GigE Camera Market in terms of products offered. Also, the growth strategies adopted by these players to compete in the fast-growing market.

Market Size and Share Validation

Primary Research: In-depth interviews were conducted with the Key Opinion Leaders (KOLs) including Top Level Executives (CXO/VPs, Sales Head, Marketing Head, Operational Head, Regional Head, Country Head, etc.) across major regions. Primary research findings were then summarized, and statistical analysis was performed to prove the stated hypothesis. Inputs from primary research were consolidated with secondary findings, hence turning information into actionable insights.

Split of Primary Participants in Different Regions

Market Engineering

The data triangulation technique was employed to complete the overall market estimation and to arrive at precise statistical numbers for each segment and sub-segment of the global GigE Camera Market. Data was split into several segments & sub-segments post studying various parameters and trends in the areas of technologies, spectrum, and applications in the global GigE Camera Market.

The main objective of the Global GigE Camera Market Study

The current & future market trends of the global GigE Camera Market were pinpointed in the study. Investors can gain strategic insights to base their discretion for investments on the qualitative and quantitative analysis performed in the study. Current and future market trends determined the overall attractiveness of the market at a regional level, providing a platform for the industrial participant to exploit the untapped market to benefit from a first-mover advantage. Other quantitative goals of the studies include:

• Analyze the current and forecast market size of the GigE Camera Market in terms of value (USD). Also, analyze the current and forecast market size of different segments and sub-segments.
• Segments in the study include areas of technologies, spectrum, and applications.
• Define and analysis of the regulatory framework for the GigE Camera industry.
• Analyze the value chain involved with the presence of various intermediaries, along with analyzing customer and competitor behaviors of the industry.
• Analyze the current and forecast market size of the GigE Camera Market for the major region.
• Major countries of regions studied in the report include Asia Pacific, Europe, North America, and the Rest of the World.
• Company profiles of the GigE Camera Market and the growth strategies adopted by the market players to sustain in the fast-growing market.
• Deep dive regional level analysis of the industry

You can also purchase parts of this report. Do you want to check out a section wise
price list?

Get in touch with team