Industrial Camera Market Trends, Active Key Players and Growth Projection Up to 2031 | TMR

Increase in manufacturing and automation activities in several end-use industries is expected to drive the global industrial camera market. Industrial camera systems are widely used for inspection purposes in factory automation. Rise in need to monitor the harsh environmental conditions to prevent accidents in industries such as mining is augmenting the demand for industrial security cameras, industrial CCTV cameras, and industrial inspection cameras.

Additionally, the advent of Industry 4.0 has resulted in rapid changes in the manufacturing sector, with the development of new and augmented networking systems across the world. This opens up lucrative opportunities for industrial camera manufacturers to introduce highly enhanced industrial camera systems for end-use applications.

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Global Industrial Camera Market Introduction

Industrial camera, also known as industrial thermal camera, is designed to function under challenging circumstances such as high temperature, pressure, and vibration. It is used to monitor units on conveyors, identify very small parts, and regulate the production cycle in industrial manufacturing, automotive, oil & gas, and medical end-use industries. Industrial camera systems have durable housing that shields the internal machinery from environmental elements such as humidity, dust, and hazardous gases. The global industrial camera market is likely to grow at a decent pace during the forecast period due to the rise in manufacturing activities, automation in end-use industries, technological advancements, and need for quality testing and inspection.

Technological Advancements to Drive Global Industrial Camera Market

Smart camera technology in industrial cameras is a preferred all-in-one solution for industrial applications. These smart camera systems have become the industry standard for producers all over the world due to their strength and versatility. These cameras provide integrated software packages and a wide range of alternatives for applications such as measurement, quality, and inspection. Robotic vision camera is another upcoming innovation in the industrial camera market. Robotic vision camera features a large, adjustable workspace, broad field of view, and resistance to ambient light and reflections. It is constructed using synchronized laser scan technology, which allows it to work with high-speed stability. Such positive upgrades in technology are anticipated to drive the industrial camera market in the next few years.

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Rise in Need for Quality Automation and Inspection in Factories and Production Units

Rapid growth in the industrial manufacturing sector has led to an increase in usage of industrial cameras for quality assurance and inspection, measurement, positioning, and guidance in various applications including production of machinery, food, computers, and electronic products. This is likely to boost the demand for industrial cameras in the near future. Increase in inclination toward automation, robotization, Industry 4.0, and other factors such as zero-error tolerance, digital networking, artificial intelligence, and deep learning systems help the integration of quality control into the production process. Rise in number of product varieties is also expected to boost the demand for industrial digital cameras during the forecast period.

The human eye cannot always identify the fundamental cause of faults in highly automated production processes. Industrial cameras can quickly record faults and help in the discovery of even the slightest of flaws. As a result, the market for industrial cameras is projected to grow significantly during the forecast period.

Easy Installation and Cost-effectiveness to Augment Demand for Area Scan Cameras

Quick area capture, easy installation, and cost-effectiveness are likely to drive the demand for area scan cameras during the forecast period. Line scan cameras, 3D cameras, and others (such as microscope cameras and thermographic cameras) are expected to witness a substantial increase in demand due to the rise in adoption of these cameras in various industry sectors.

Focus on Rigorous Quality Testing and Inspection to Propel Quality Assurance and Inspection Segment

In terms of application, the quality assurance and inspection segment is anticipated to hold major share of the global industrial camera market during the forecast period. Many companies are focusing on creating high-quality products through rigorous quality testing and inspection. Rise in usage of applications such as measurement, positioning, and guidance in automation to cut costs associated with corporate operations and improve the global transportation system is expected to create significant opportunities for market players during the forecast period.

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Regional Outlook of Global Industrial Camera Market

Asia Pacific is anticipated to dominate the global industrial camera market during the forecast period. India, China, and Japan lead the industrial camera market due to the significant growth in automotive and manufacturing industries in these countries. The industrial camera market in China and Japan is also growing substantially due to the rise in usage of industrial cameras in food & beverages and other industries in these countries.
North America holds vital share of the global industrial camera market owing to the presence of well-established industries such as pharmaceutical, consumer electronics, and automotive in the region.

Analysis of Key Players in Global Industrial Camera Market

Product development, expansion of product portfolios, and mergers and acquisitions are : the key strategies adopted by prominent players. Allied Vision Technologies GmbH, Jenoptik AG, Teledyne Technologies, Keyence Corporation, Pixelink, The Imaging Source Europe GmbH, IMPERX, Inc., JAI, Basler AG, and Industrial Video & Control Co. are some of the key players operating in the global industrial camera market.

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