Global GigE Camera Market Analysis, Competitive Landscape, Growth Trends, and Forecasts 2019-2024 - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Dec 23, 2019--
The “GigE Camera Market - Growth, Trends, and Forecast (2019 - 2024)” report has been added to ResearchAndMarkets.com’s offering.
The market for GigE camera is expected to register a CAGR of 13.60% during the forecast period of 2019 - 2024
The scope of the study for GigE camera market is limited to the hardware product offerings by the vendors in combinations of the technology, resolutions and type of products and their application in a wide range of end-user verticals globally. The after sales services are not considered for market estimation.
GigE cameras have applications in tasks that need multiple cameras; quick data transfer rates, or long cable lengths. It is designed to interface with computer systems using GigE ports.
The gigE camera allows for seamless integration between machine vision hardware and software products. Hence, GigE reduces the tedious, time-consuming multi-vendor integration issues that slow down the machine vision industry. The high-speed data transfer rate up to 1000 Mb/s capability by offering RAW images is driving the applications of the GigE cameras.
In this technology, the cap on the number of interfaced devices is eliminated. Therefore, allowing a large number of networked imaging cameras to function in any setting effectively. Also, GigE cameras offer high data rates and long cable lengths on a standard connection found on all modern computers.
Moreover, these cameras eliminate the need for frame grabbers, which is a necessary component when used with analogue technology or conventional cameras. Hence, the installation cost of a GigE camera setup is relatively low, which is further fueling its adoption rate.
However, the application of GigE cameras need universal drivers for interoperability, and also, the high speed and high-resolution capability increases the load on the system CPU, limiting market growth to an extent.
Key Market Trends
Traffic, Security & Surveillance Segment to Grow Significantly
Asia-Pacific Region to Witness Fastest Growth
The market trend for GigE camera market is fragmented with the presence of many players offering the products in the market. Also, because of the less product differentiation in the offerings, vendors are adopting improved product launch strategies with competitive pricing, which is driving the competition in the market.
Industry Value Chain Analysis
Industry Attractiveness - Porter’s Five Force Analysis
For more information about this report visit https://www.researchandmarkets.com/r/t7fd8e
View source version on businesswire.com:https://www.businesswire.com/news/home/20191223005273/en/
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INDUSTRY KEYWORD: PHOTOGRAPHY TECHNOLOGY CONSUMER ELECTRONICS
SOURCE: Research and Markets
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PUB: 12/23/2019 07:59 AM/DISC: 12/23/2019 07:59 AM