GigE Camera Market in APAC is Expected to Grow at A CAGR of 13.87%

Date: 2015-09-09

“GigE is gaining value due to its growing applications in the non-manufacturing segment. The major applications of these cameras are security and surveillance, medical imaging, and ITS (Intelligent transportation System) which are enjoying a high market size in terms of value in the non-manufacturing segment. Recent advancements in the CMOS technology have increased the share of CMOS technology over CCD technology in the GigE camera market. 

The overall GigE camera market based on the type is segmented into area and line scan which is divided into monochrome and colour scan cameras. The monochrome camera has found many applications due to a lower cost compared to color cameras. The GigE camera market in APAC is expected to grow at the highest rate in the next five years, at a CAGR of 13.87% from 2015 to 2020. Major reasons for the projected growth of  global GigE camera market are easy integration of the GigE camera interface in all major image processing applications high data transfer rates up to 100 MB/s, and long cable length.

The key players in this industry include Teledyne Dalsa, Inc. (Canada), Basler AG (Germany), Allied Vision GmbH (Germany), Jai (Denmark), Point Grey Research, Inc. (Canada), Baumer Optronic GmbH (Germany), Matrox Electronic Systems Ltd (Canada), Qualitas Technologies Pvt Ltd (India), Sony Corporation (Japan) and Toshiba Teli Corporation (Japan).

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