High-Speed camera market Overview
The global High-Speed camera market was worth $398.0 million in 2017 and is expected to reach $694.8 million by 2025, growing at a CAGR of 7.5 percent between 2018 and 2025. High-speed cameras are employed as a research and media tool to aid in analysing phenomena that occur at extremely high speeds and are not visible to the naked eye. It records a series of photographs captured at high frame rates and then played back in slow motion to permit the viewer to see and quantify events that occur at a rate that the human eye cannot comprehend. Frame rate, resolution, sensor size, memory size, image processors, fans, and cooling systems with some other semiconductor components all affect the quality of a high-speed camera.
Due to high industry standards and the presence of leading companies like Vision Research Inc., Fastec Imaging Corporation, and Motion Capture Technologies, that are investing in high-speed cameras with high resolution, high frame rate, as well as fast processing, the United States is experiencing rapid growth in the high-speed camera market. These variables aid industries in their production and manufacturing operations, allowing them to expand their product line by maintaining 100% accuracy.
Due to its expanded capabilities such as frame rate, high resolution, and image processing, high-speed cameras are becoming increasingly popular in the sports industry. In particular, the market is being driven by an enhancement in demand for small, light in high-speed weight cameras in automotive and transportation and a rise in the use of high-speed cameras in thermal imaging activities. Moreover, new applications of high-speed cameras in intelligent transportation systems (ITS) and increased usage of high-speed cameras in the aerospace and defence sector vertical, amongst many others, provide attractive potential for the worldwide high-speed camera market. The expensive cost of a high-speed camera, on the other hand, is likely to stifle global high-speed camera market growth.
The outstanding industry players in the market of the high-speed camera are Photron Limited(Japan), Vision Research, Inc.(U.S.), Mikrotron GmbH(Germany), Olympus Corporation(Japan), Del Imaging Systems LLC(U.S.), NAC Imaging Technology, Inc.(Japan), AOS Technologies AG(Switzerland), Motion Capture Technologies(U.S.), Optronis GmbH(Germany), Fastec Imaging Corporation(U.S.), and Weisscam GmbH(Germany).
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Top Impacting Factors
High-speed cameras are the sophisticated edition of standard digital cameras having the high-resolution capacity and ability to capture ultra-high speed events. Therefore, owing to advanced features of high-speed cameras other than standard cameras, its demand is growing across industries, which is giving a substantial boost to the global high-speed camera.
MRFR has also studied that rising necessitate for highly meticulous analyses such as explosives, combustion testing, and flow visualization in aerospace, pyrotechnics. Ballistics is further anticipated to be the motivating force for escalating the demand for high-speed cameras in the manufacturing sector.
To add in this, the rise in demand for high-speed cameras within the sports sector is also on the rise owing to its superior capabilities such as frame rate, high resolution, and image processing. In fact, high-speed photography is majorly being used in ballistics, biomechanical research, medical research, and other fields such as entertainment, healthcare, automotive, aerospace, and military. These factors have also accountable for the market’s growth over the forecasted period.
Furthermore, some of the other major drivers of the global market for high-speed cameras comprise surged demand for lightweight and small high-speed cameras. Besides, also a rise in the use of high-speed cameras in entertainment and media is highly triggering market growth globally.
On the contrary, the factor of the high cost of high-speed cameras has been considered as a significant restraint hindering market growth globally, which was during coronavirus pandemic. Also, the longer time required for data transfer is yet another major restraint hindering the market growth.
Segmentation of Market
The MRFR’s report offers a comprehensive evaluation of the market on the basis of segments such as frame rate, resolution, and application.
The frame rate segment has included the range of 1000-5000fps, 5001-10000fps, 10001-20000fps, 20001-100000, and above 100001.
The resolution segment has included 0-1 MP, 1-2MP, 2-5MP, and higher than 5MP.
The application segment has included the areas of food and beverages, automotive, pharmaceuticals healthcare, chemical, military defense, media entertainment, household textile industry, and paper printing.
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The Asia-Pacific region is the highest growing market of high-speed cameras owing to towering adoption of high-speed cameras in industries of healthcare, automotive, food beverages, and consumer electronics to analyze, predictive maintenance, troubleshoot, and machinery diagnostics. Countries such as Japan, India, and China are anticipated to give to the growth of the high-speed camera market in the Asia-Pacific region. Also, this region is leading the market of High-Speed Camera Market, owing to expanding the use of robots and machine vision techniques in manufacturing and service sectors to boost productivity.
The North American region is viewing the foremost growth in the high-speed camera market. This is due to high industry standards and the presence of foremost industry players such as Motion Capture Technologies, Fastec Imaging Corporation. They have been investing in high-speed cameras with a high frame rate, high resolution, and fast processing to assist the industries in raising the production with 100% accuracy.
Europe is likely to record vigorous growth in the high-speed camera market owing to the sky-scraping adoption and boosting the productivity while maintaining consistent quality and reducing the time.
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