Global High-Speed Camera Market To Be Driven By Rising Investments In Manufacturing Hubs And Growing Adoption Of Thermal Sensors During The Forecast Period Of 2022-2027
The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analyzing the market based on the SWOT and Porter's Five Forces models.
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The key highlights of the report include:
Market Overview (2017-2027)
Forecast Historical Market Size (2021): USD 468 million
Forecast CAGR (2022-2027): 8.8%
Forecast Market Size (2027): USD 776 billion
The primary factors driving the market growth are the rising applicability of high-speed cameras across various end-use industries. For example, in ballistics, explosives, aerospace, and pyrotechnics, the need for high-speed cameras is increasing as the necessity for extremely precise analysis, such as combustion testing and flow visualisation, grows.
Furthermore, additional features like auto-iris, a wide sensor range, and real-time capabilities are available on high-speed cameras. As a result, they are increasingly being employed in the intelligent transportation system (ITS) to avoid future collisions, decrease traffic congestion, and improve commuter safety and comfort. In addition, governments from various nations are increasing their spending on the creation of smart cities, which is moving the market forward. These factors are expected to drive the global high-speed camera market during the forecast period as well.
Industry Definition and Major Segments
A high-speed camera is a type of camera having a special characteristic that allows it to capture moving images with exposures of less than 1/1,000 seconds and frame rates of more than 250 frames per second. The camera is designed to capture events with minuscule, transient details that ordinary frame rate cameras can't capture.
The photographs saved may be seen in slow motion since the intricacies of the event become more visible when the movie is viewed at a lower frame rate. In scientific computing, the camera is particularly valuable. Due to image capture benefits over the film, most high-speed cameras now employ charge-coupled devices (CCD) or complementary metal-oxide semiconductors (CMOS) image sensors.
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By spectrum, the market is divided into:
By major components, the market is divided into:
Fan and Cooling
By frame rate, the market is divided into:
Greater than 100,000
By application, the market is divided into:
Entertainment and Media
Research and Design
Military and Defense
By region, the industry is categorized into:
The Asia Pacific
The Middle East and Africa
The growing demand for extremely detailed analysis, such as ignition assessment and flow visualisation, in aerospace, explosives, pyrotechnics, and ballistics, is projected to drive up demand for high-speed cameras in the manufacturing industry. Because of its expanded capabilities such as high resolution, frame rate, and image processing, high-speed cameras are in high demand in the sports industry.
The expanding usage of high-speed cameras in the entertainment & media, and sports sectors, as well as the increasing use of high-speed thermal cameras, particularly for high-speed scanning of individuals to detect COVID-19, are the primary reasons driving the growth of the high-speed camera market. The increased adoption of high-speed thermal sensors, as well as the growing requirement to examine people's health and evaluate ballistics and explosives tests, are driving the growth of the high-speed camera market.
Asia-Pacific was one of the largest regional markets for high-speed cameras during the historical period, and it is expected to grow at a healthy rate during the forecast period, with China and India contributing to the bulk of consumption. Rapidly growing urbanisation and the development of production centres, especially in China and India, are projected to be important drivers of this growth.
Investments from all over the world are increasing in the region's industrial sector, necessitating more efficient manufacturing line surveillance. In addition, to broaden their product line and gain a competitive edge, some top companies are releasing novel high-speed cameras with enhanced performance, data speed, and frame per second (FPS) rate. Additional factors influencing the market's growth include the evolution of manufacturing hubs, expanding product consumption in the sports sector, fast commercialization, continuous research and development (R&D) efforts, and technical developments.
Key Market Players
The major players in the market are DEL Imaging Systems LLC, Photron, iX Cameras Ltd, NAC Image Technology, Inc., and Mikrotron GmbH, among Others. The report covers the market shares, capacities, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
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