Global High Speed Camera Market — Analysis and Forecast (2016-2022)
The high speed camera market is worth $326.96 million in the FY2015 and is expected to witness a growth rate of 2.2% during the forecast period of 2016-2022. The increasing requirement for high speed cameras in the research and development application sector is dominant in order to enable researchers to visualize and study slowed down ultra-fast transient phenomena. The report is a compilation of various segments including market breakdown by resolution, frame rate, application verticals and different geographical regions.The report also includes chapters on the component analysis of high speed cameras as well as cross mapping of segments such as frame rates by applications and applications by geography.
The report provides a detailed market analysis and forecast with respect to high speed cameras by resolution, frame rates, and applications. While highlighting the key driving and restraining forces for this market, the report also provides a detailed study of the demand and supply side analysis of the market. It also examines the role of the leading market players involved in the industry. The report addresses the following key questions about the global high speed camera market:
High speed cameras are imaging devices used for capturing pictures of fast and transient phenomena. Technically any device capable of capturing pictures at a frame rate of 250 frames per second or more can be regarded as a high speed camera. The high speed camera market has developed significantly over the past decade; a lot of which is attributed to technological advancements and decreasing average selling prices. The ecosystem of the high speed camera market comprises of component suppliers, camera manufacturers, vendors and rental agencies.
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.
Global High Speed Camera Market Snapshot
BIS Research Analysis, Secondary Research, and Expert Interviews
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.
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