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High-Speed Camera Market Growth 2021-2027

The global high-speed camera market is estimated to have reached USD 450.2 Million in 2020 and is further projected to reach USD 876.6 Million by 2027, growing at a CAGR of 10.2% during the forecast period.

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High-Speed Camera Market Growth 2021-2027

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  1. Global High-Speed Camera Market, By Frame Rate, Trend Analysis, Competitive Market Share & Forecast, 2020-2027

  2. High-Speed Camera Market- Industry Trends & Forecast Report 2027 A recent study conducted by the strategic consulting and market research firm BlueWeave Consulting revealed that the global high speed Camera market was worth USD 450.2 million in the year 2020. The market is estimated to grow at a CAGR of 10.2%, earning revenue of around USD 876.6 million by the end of 2027. The growing application of high-speed camera in various sectors such as aerospace, media & entertainment, sports, manufacturing, etc., is expected to drive the growth of global high-speed camera market. However, high set-up cost in the industrial usage may act as a barrier for the growth of the global high-speed Camera market.

  3. Growth Drivers  Intelligent Transportation Systems Initiative to Drive the Market Intelligent Transport System (ITS) aims to achieve traffic efficiency by minimizing traffic problems that enhance safety and comfort. It enriches users with prior information about traffic, local convenience real-time running information, seat availability, etc. which reduces the travel time of commuters as well as enhances their safety and comfort. Cameras, particularly high-performance machine vision cameras, are becoming more important in intelligent traffic systems. With features like real-time capability, broad sensor range, auto iris functionality, and day/night functionality high-speed cameras are helping in preventing potential crashes, keep traffic moving, and decrease the negative environmental impacts of the transportation sector on society.

  4. Restraints  High setup cost for industrial usage As opposed to conventional video cameras that capture natural-paced footage at 24–60 frames per second, even the basic high-speed cameras capture several thousand frames. The overall setup required for the proper functioning of the camera requires components such as a camera controller, lens, LED lighting, and software for analysis and control of the overall process. A complete setup could cost approx. USD 150,000. Thus, the high setup cost is declining the demand for the product. The cameras also require high maintenance costs which are hampering the growth of the high-speed camera market.

  5. Impact of COVID-19 The emergence of the COVID-19 pandemic, a deadly respiratory disease, has now become a worldwide issue and has also affected the growth of the high-speed camera market. Global sales of high-speed cameras for key verticals such as research, design, and testing laboratories, and the entertainment & media industry are expected to decline by 10–15% in the fiscal year 2021, depending upon the progression of the virus in different parts of the world. The decline in the number of new research, design, and testing laboratory projects, and the temporary shutdown of production facilities, are some factors hampering the growth of the high-speed camera market. However, the short-term supply chain disruptions are expected to affect market growth in key regions.

  6.  Regional Insights The global High-speed Camera market is segmented into five regions including North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Amidst this category, Asia Pacific to grow at the highest CAGR during the forecast period. The market in the Asia Pacific is expected to register the highest CAGR amongst all regions during the forecast period. Rapid industrialization and evolution of Asia Pacific countries as manufacturing hubs, particularly China and India, are expected to be the major drivers for the Asia Pacific market. For instance, Apple (US) has set up its manufacturing hub in India. These factors are expected to be the major drivers behind this growth.

  7. Recent Developments On March 2019 - Vision Research Inc. launched Phantom VEO 440 that can shoot an event at the frame per second rate of 1,100 at complete 4 MP resolution, 2,000 fps at 1080p HD, and 290,000 fps at minimum resolution. The product is available with the memory size of up to 72GB of in-built RAM and offers an Ethernet option with a data speed of 10GB to enable the fastest workflow. ·         On August 2018 - PhotronLtd.launched a versatile, high-performance camera system NOVA that combined advanced CMOS sensor technology with speed to achieve digital imaging expertise and a flexibility of usage in myriads of applications. Sample Copy of the Report:https://www.blueweaveconsulting.com/report/global-high-speed-camera-market/report-sample

  8. Competitive landscape Key players for global high-speed camera market include: By Photron (Japan), Photron LTD. (Tokyo), nac Image Technology (Japan), Vision Research (US), PCO AG (Germany), Mikrotron (Germany), Optronis (Germany), Integrated Design Tools (US), Monitoring Technology (US), AOS Technologies (Switzerland), Fastec Imaging (US), Weisscamm GMBH I.L (Germany), Motion Engineering Company (US), DEL Imaging (US), iX Camera (UK), and Xcitex (US) & other prominent players. These key players have adopted strategies, such as product portfolio expansion, mergers & acquisitions, agreements, geographical expansion, and collaborations to enhance their high-speed camera market share.

  9. About Us: Blueweave Consulting offers a one-stop solution for your market intelligence needs for any service or product. You get well-researched comprehensive reports based on qualitative and quantitative data to put your business plan into action. Your well-informed and timely decisions using our reports avert situations of excessive risks and help you grow your business with optimum risk-return trade-off. Delivering quality insights into several product or service markets within the timeline as per the needs of the clients has earned BWC an excellent reputation among clients. BWC strives to provide timely and accurate digital market intelligence services for making your business endeavors successful.

  10. Contact Us:  +1 866 658 6826 +1 425 320 4776 +44 1865 60 0662  info(@)blueweaveconsulting.com  www.blueweaveconsulting.com

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