The global high speed camera market is worth $326.96 million in the FY2015 and is expected to grow at a decent rate during the forecast period of 2016-2022. The market has matured in developed regions such as North America and Europe and is gaining maturity in the APAC and Latin American region. Increasing usage of high speed cameras in research and development applications, and an increasing adoption rate in the manufacturing sector is expected to contribute to the overall market growth. However, high cost of these devices and storage limitations are some of the factors which are restraining the growth of the high speed camera market.
High speed camera usage in a particular industry vertical depends on a number of parameters such as resolution, frame rates, and storage capacity. The high speed camera market has been divided on the basis of resolution, frame rates, application verticals, and geography. High speed cameras with resolution of 0-2 Megapixels have dominated the market and is witnessing a strong growth. Widespread application potential and a comparatively lesser price point are some of the factors which has helped in the growth of the high speed camera market.
High speed cameras are used in a number of application verticals with each application vertical having specific requirements. Theaerospace and defense, automotive, research & development applications, and industrial manufacturing sectors are some of the major application fields of high speed cameras. The research and development application segment has dominated the high speed camera market in the FY2015 and is expected to show moderate growth during the forecast period.
In terms of geography, the Asia Pacific (APAC) region is expected to witness the strongest growth rate among all geographic regions. The developing nations of Southern Asia have emerged as stronggrowing areas for the high speed camera market. The established manufacturing sector, along with electronics and semi-conductors industry, food processing industry and emergence of world class research institutes and academia are some of the reasons behind the strong growth of the APAC regions.
Some of the key companies in the high speed camera market are Vision Research, Photron Inc., AOS Technologies AG, Mikrotron GmbH, nac Image Technology Inc. and Fastec Imaging Corporation. These companies are actively aiming for an increased number of product launches and collaborations to expand their operations and product offerings to target emerging clienteles.
Key Topics Covered:
1 Research Scope and Methodology
2 Market Dynamics
3 Competitive Insights
4 High Speed Camera Market, By Frame Rates
5 Market Breakdown by Resolution
6 High Speed Camera Market Breakdown by Applications
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