A recent report published by Infinium Global Research on the high-speed camera market provides an in-depth analysis of segments and sub-segments in the global as well as regional high-speed camera market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional high-speed camera market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast, and dollar values of the global high-speed camera market. According to the report, the global high-speed camera market is projected to grow at a CAGR of 6.6% over the forecast period of 2020-2026.
The global high-speed camera market was valued around USD 413million in 2019 and is projected to reach around USD 640 million by 2026, growing at a CAGR of 6.6% from 2020 to 2026. High-speed cameras are imaging devices utilized for capturing pictures of fast and transient phenomena. These cameras can analyze invisible objects which are beyond the capacity of the human eye. High-speed photography is mostly used in biomechanical research, ballistics, medical research, and other fields such as healthcare, aerospace, entertainment, automotive and military. Furthermore, it captures a consecutive arrangement of pictures that are recorded at high frame rates and later on played in slow motion to enable the viewer to observe and measure events that happen quickly, which is impossible for the human eye to understand. Generally, high-speed cameras can be segregated into four categories such as high-speed film camera that captures to film, high-speed video cameras that record to electronic memory, high-speed framing cameras that record images on multiple planes or manifold locations on a single plane, and high-speed streak cameras which records line sized image series to electronic memory or film.
The increased demand for lightweight and small high-speed cameras drives the market growth. The augmented usage of high-speed cameras in media, entertainment, and sports are boosting the market growth worldwide. Furthermore, the rising adoption of high-speed cameras in industrial manufacturing is another major driver. An upsurge in demand for high-speed cameras in the sports sector is also on the rise owing to its enhanced capabilities such as high resolution, frame rate, and image processing. However, the high cost of high-speed cameras may hinder the market growth in the near future. Also, the longer time required for data transfer is another major restraining factor for the market growth. Nevertheless, emerging applications of high-speed cameras in the intelligent transportation system (ITS), and increasing adoption of high-speed cameras in the aerospace & defense industry vertical among others provide lucrative opportunities for the market. The emergence of the COVID-19 outbreak, a deadly respiratory disease, has now become a global issue and has also affected the growth of the high-speed camera market. The global sales of high-speed cameras for key industries such as research, design, and testing laboratories, and the entertainment & media industry are anticipated to decline by 10–15% in the fiscal year 2020, depending upon the progression of the virus in different parts of the globe. Furthermore, the decline in the number of new research, design, and testing laboratories projects, and the temporary shutdown of production facilities, are some factors hindering the growth of the high-speed camera market. Conversely, the short-term supply chain disruptions are anticipated to affect market growth in key regions.
Among the geographies, the North America region is expected to hold the largest share in the global high-speed camera market. The industry is expected to offer huge opportunities for high-speed camera market growth on account of the presence of numerous key players. Also, the region has a strong base of technology which boosts the market growth. Furthermore, the Asia Pacific region is anticipated to witness high growth in the high-speed camera market during the forecast period. The electronics and semiconductors industry, food processing industry, and the advent of world-class research institutes and academia need high-speed cameras for their proper utilization which is further augmenting the demand for the high-speed camera in this region.
The report on the global high-speed camera market covers segments such as spectrum type, frame rate, component, and application. On the basis of spectrum type, the sub-markets include visible RGB, infrared, and x-ray. On the basis of frame rate, the sub-markets include 250-1,000 fps, 1,001-10,000 fps, 10,001-30,000 fps, 30,001-50,000 fps, and above 50,000 fps. On the basis of component, the sub-markets include image sensors, processors, lens, memory, fan & cooling, and others. On the basis of application, the sub-markets include automotive & transportation, consumer electronics, aerospace & defense, healthcare, media & entertainment, and others.
The report provides profiles of the companies in the market such as Photron, Olympus Corporation, Mikrotron GmbH, NAC Image Technology, DEL Imaging, PCO AG, Motion Capture Technologies, Vision research. Inc., Fastec Imaging, and WEISSCAM GMBH.
The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of the high-speed camera market. Moreover, the study highlights current market trends and provides forecast from 2020-2026. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.