High-Speed Camera Market Size, Share, Trends 2020 | Competitive Landscape and COVID-19 Impact by 2025
Major Growth Driving Factors
The surge in adoption of high-speed cameras in sports, their increased usage in automotive & transportation, and their growing demand for thermal imaging applications drive the growth of the high-speed camera market. Also, the rising adoption of high-speed cameras in aerospace & intelligent transportation system (ITS) would provide lucrative opportunities to emerging market players in the near future.
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COVID-19 scenario: The novel coronavirus pandemic has had a significant impact on the many industries.
1. The High-Speed Camera Market is likely to suffer during the pandemic due to disruptions in the supply chain, economic restraints, and paused manufacturing procedures.
2. The shutdown of other supporting sectors including electronics, automotive, industrial, and aerospace have resulted in declined demand.
X-ray segment to grow at the highest rate during the forecast period
By spectrum, the X-ray segment is expected to register the highest CAGR of 11.1% from 2018 to 2025. This is attributed to their capability of capturing high-contrast images and are increasingly being used in hypervelocity projectile tracking, impact analysis, and in various applications in the medical industry such as high-speed medical X-ray CT and time-resolved X-ray analysis.
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1,001 - 10,000 FPS to remain the largest and fastest growing segment
By frame rate, the 1,001 - 10,000 FPS segment is poised to grow at the highest CAGR of 8.9% during the forecast period and remain the largest during the time, occupying more than one-quarter of the global share in 2025. This is attributed to the fact that that 1000 FPS is the benchmark for high frame rate cameras that enable users to play videos of fast-moving objects at slow motion and capture detail missed by the naked eye.
Healthcare segment to witness the highest growth rate in the future
By application, the healthcare segment is projected to grow at the fastest rate through 2025, registering a CAGR of 10.3%. This is due to the fact that the adoption of high-speed cameras allows for the collection of precise data that enhances the performance of healthcare monitoring systems.
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Key Benefits For High-speed Camera Market:
• This study includes the analytical depiction of the global high-speed camera market along with the current trends and future estimations to determine the imminent investment pockets.
• The report presents information regarding the key drivers, restraints, and opportunities.
• The current market is quantitatively analyzed from 2017 to 2025 to highlight the financial competency of the industry.
• Porters five forces analysis illustrates the potency of the buyers and suppliers in the industry.
Asia-Pacific to become the fastest growing region
Regionally, Asia-Pacific is set to grow at the highest CAGR of 13.3% during the forecast period, owing to rapid technological development and increased adoption of high-speed cameras.
Key market players
The key players analyzed in the report include Photron, Olympus Corporation, Mikrotron GmbH, NAC Image technology, DEL Imaging, Motion Capture Technologies, Vision research Inc., iX Cameras, Fastec Imaging, and WEISSCAM GMBH. They have adopted different strategies including collaborations, joint ventures, partnerships, expansions, mergers & acquisitions, and others to gain a strong position in the industry.
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High-speed Camera Market Segmentation:
By Spectrum Type
• Visible RGB
By Frame Rate
• 250-1,000 FPS
• 1,001-10,000 FPS
• 10,001-30,000 FPS
• 30,001-50,000 FPS
• Above 50,000 FPS
• Image Sensors
• Fan & Cooling
• Automotive & Transportation
• Consumer Electronics
• Aerospace & Defense
• Media & Entertainment
• North America
o Rest of Europe
o Rest of Asia-Pacific
o Latin America
o Middle East
Key Market Players Profiled
• Olympus Corporation
• Mikrotron GmbH
• NAC Image technology
• DEL Imaging
• Motion Capture Technologies
• Vision research. Inc.
• iX Cameras
• Fastec Imaging
• WEISSCAM GMBH
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