The report forecasts the global gigabit Ethernet (GigE) camera market to grow at a CAGR of 11% during the period 2016-2020.
The report has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
The global image processing market is moving fast from desktop PC receivers to tablets and laptops. The emergence of these computing platforms has increased the flexibility of receivers, which has become one of the important factors fostering the growth of the GigE camera market and USB 3.0 Vision solutions. Both imaging data standards are streamed directly through Ethernet or USB 3.0 ports on computing platforms.
According to the report, an increasing number of companies are adopting GigE cameras at a rapid rate due to technological benefits these cameras provide over traditional cameras. The use of GigE cameras eliminates the need for frame grabbers, which constitute a mandatory component when using analog technology, or regular cameras, which use hubs to transfer data. This makes the technology aesthetically appealing and significantly reduces the installation cost of GigE camera setup.
Further, the report states that One of the major challenges of the implementation of GigE cameras is high CPU load requirements. With growing bandwidth capability and high transfer rate of GigE cameras, the PC should be able to process the data sufficiently before presenting it in real time. This can only be possible when the CPU is high on RAM and ROM.