GigE Camera Market Seen Soaring 9.5% Growth by 2030, Projects Univdatos Market Insights

Key Highlights of the Report:

• The GigE Camera Market is growing due to the increasing adoption of IP-based cameras, which use the Gigabit Ethernet protocol to transmit video and images over a network.
• GigE cameras are capable of capturing high-resolution images, which is becoming increasingly important in various applications, including security and surveillance.
• Many GigE cameras now come with cloud-based storage options, which allows for easy access to video footage from anywhere in the world.
• AI and ML are becoming increasingly important in the GigE Camera Market. These technologies can be used to analyze and interpret video footage, enabling real-time decision-making and improving security and surveillance.
• GigE cameras are also being used in industrial automation applications, such as quality control and production monitoring.

The GigE Camera Market was valued at USD 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.

The growth of the Internet of Things (IoT) has led to an increase in the number of connected devices, including cameras. As more and more devices become connected to the internet, there is a growing need for high-speed, reliable networks to transmit data between these devices. GigE cameras are well-suited to this task, as they are capable of transferring data at high speeds over long distances. The proliferation of GigE cameras has also been driven by the increasing demand for high-resolution imaging and the growing adoption of cloud-based storage. Many GigE cameras now come with cloud-based storage options, which allows for easy access to video footage from anywhere in the world. This has made GigE cameras an attractive option for security and surveillance applications, as well as for industrial automation.

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Some of the recent developments are:

• In 2020, Panasonic announced that it had acquired i-PRO, a manufacturer of high-performance network cameras, in a move to strengthen its position in the security and surveillance market.
• In 2019, FLIR Systems announced that it had acquired Proximex, a manufacturer of GigE cameras and other video surveillance solutions, in a move to expand its portfolio of video surveillance solutions.

Conclusion

The GigE Camera Market is a rapidly growing market that is driven by the increasing demand for high-speed network cameras in various applications, such as security, surveillance, and industrial automation. In the coming years, the GigE Camera Market is expected to continue to grow, driven by the increasing adoption of AI and ML, the growing demand for high-speed data transfer, and the increasing use of GigE cameras in industrial automation applications.

Key Offerings of the Report

Market Size, Trends, & Forecast by Revenue | 2023−2030.

Market Dynamics – Leading Trends, Growth Drivers, Restraints, and Investment Opportunities

Market Segmentation – A detailed analysis by technologies, spectrum, and applications.

Competitive Landscape – Top Key Vendors and Other Prominent Vendors