High-speed Camera Market

Key Revenue Pockets - High-speed Camera Market

The high-speed camera market is projected to reach USD 422 million by 2023, from USD 288 million in 2018, at a CAGR of 8.00%. Major growth drivers are increasing demand for compact high-speed cameras, increasing use of high-speed cameras in media & entertainment and sports, and high adoption of high-speed cameras in manufacturing. Further, emerging applications powered by technological advancements and the need to solve newer challenges are to provide additional growth opportunities. While high cost of high-speed cameras is a major market restraint, longer durations required for image processing, slow data offload speed, and inadequate storage are major challenges for the market.

Product launches and developments were the key strategies adopted by market players from 2014 to 2018. Product customization, technological advancements, and cloud technology integration are a few trends in the market.

The market for rental cameras is expected to grow at the highest CAGR during the forecast period. This anticipated rapid growth is pushed by high prices of high-speed cameras, which makes capital expenditure in purchasing a unit unfeasible for short-term applications. With improved partnerships with distributors and integrators, OEMs can expand their business in the rental high-speed camera market.

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High-speed camera market for >100,000 FPS cameras is expected to grow at the highest CAGR during the forecast period. Increasing need for highly detailed analyses, such as combustion testing and flow visualization in aerospace, explosives, pyrotechnics, and ballistics, is expected to be the driving force in increasing the demand for high-speed cameras with >100,000 FPS. The market is driven by technological advancements, and companies are offering improved specifications. To maintain market competitiveness, OEMs need to develop cameras with higher frame rates to address needs of critical specifications.

The market for media & entertainment applications is expected to grow at the highest CAGR during the forecast period. High-speed cameras with better resolutions facilitate capturing high-speed motions with better clarity which when presented in high definition looks attractive to consumers.

The market in APAC is expected to grow at the highest CAGR during the forecast period. Rapidly increasing industrialization and evolution as manufacturing hubs, particularly China and India, are expected to be major drivers behind this growth. Increasing distribution network and expansion across APAC can help companies leverage the market’s fast growth in the region.

Related Reports:

High-speed Camera Market by Usage, Frame Rate (1,000–5,000, >5,000–20,000, >20,000–100,000, >100,000), Resolution (<2 MP, >2-5 MP, and >5 MP), Throughput, Component, Accessory, Application, and Geography - Global Forecast to 2023

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Report Code
SE 2387
Published ON
Nov, 2018
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