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Global High-Speed Camera Market to be Aided by the Rising Demand from the Application Sector in the Forecast Period of 2022-2027

According to a new report by EMR titled, ‘Global High-Speed Camera Market Report and Forecast 2022-2027’, the global high-speed camera industry attained a value of about USD 430 million in 2020. The market is further expected to grow at a CAGR of 8.8% in the forecast period of 2022-2027.

The global high-speed camera industry has been significantly aided by the growth in Asia Pacific. Increasing application of high-speed cameras is helping in increasing penetration in comparison with digital normal cameras. It can be used in various industries such as media, healthcare, paper, and printing, automotive, entertainment, military, aerospace, and scientific research industries. Research and development sector is growing and demand for high-speed cameras within the sector is increasing due to high frame rate, image processing, and wide light sensitivity range, fuelling the market growth. It is also providing lucrative opportunities for manufacturers. There is an increase in demand for high-speed cameras in the sports sector owing to enhanced capabilities such as high resolution, frame rate, and image processing. Application in the automotive and transportation segment has generated a growth in demand for small, light-weight high speed cameras and increase in usage of high-speed cameras in thermal imaging applications. Various automotive applications such as safety test applications, tire testing, suspension testing, combustion system, transmission testing, and over-road testing among others offer profitable prospects for high-speed cameras in this industry vertical. Emerging application of high-speed cameras in intelligent transportation system is also propelling market growth. High volume of traffic on the roadways is being assisted by intelligent traffic system. They are used to identify traffic violations, objects on highways, traffic monitoring, and for toll collections. They are equipped with facilities that enable them to read the license plate of a vehicle passing through toll gates and deduct the amount from the account connected with each plate, automatically.

The rising competition among the key players is also providing an impetus to the market growth. In August 2021, NAC Image Technology, Inc. announced that their fastest camera line got even faster with a significant improvement to NAC’s patented Boost Mode technology. Leading ACS-1 M60 camera now offers a blistering 150,000 frames per second at a 1280 x 896 resolution. For more speed, the improved Boost Mode allows for 300,000 fps at 1280 x 384 resolution. NAC’s Boost Mode is a patented on-sensor technology which greatly improves the sensor speed, while minimising any loss of image quality.

Market Analysis by Spectrum, Components, Frame Range, Application, and Regions:

  • On the basis of spectrum, the industry is divided into visible RGB, infrared, and X-ray.
  • By components, the market is divided into image sensors, lens, processors, battery, memory systems, fan and cooling, amongst others.
  • The various frame rates of high-speed cameras include 1000-5000, 50001-20000, 20001-100000, and greater than 100,000.
  • The major applications of the product are entertainment and media, sports, consumer electronics, research and design, industrial manufacturing, military and defense and aerospace, amongst others.
  • The regional markets for high-speed cameras include North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.

Key Findings of the Report:

  • Technological advancements have resulted in development of high-performance infrared cameras for wide application in thermal imaging, leading to market growth.
  • Increasing demand for high-speed camera drones are resulting in increased interest for lightweight and little high-velocity cameras is driving the growth of the market.
  • Emerging application of high-speed cameras in intelligent transportation system augments the demand for high-speed cameras.
  • The COVID-19 pandemic has been also propelling the market growth as high-speed infrared cameras are used to detect coronavirus in infected people.

Key Offerings of the report:

  • The EMR report gives an overview of the global high-speed camera market for the periods (2017-2021) and (2022-2027). 
  • The report also offers the historical (2017-2021) and forecasted (2022-2027) markets for the spectrum, component, frame rate, application, and major regions of high-speed camera. 
  • The report analyses the market dynamics, covering the key demand and price indicators in the market, along with providing an assessment of the SWOT and Porter’s Five Forces models. 

The major players in the global high-speed camera industry are DEL Imaging Systems, LLC, Photron, iX Cameras Ltd, NAC Image Technology, Inc., and Mikrotron GmbH, among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players. 

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Expert Market Research (EMR) is a leading market research and business intelligence company, ensuring its clients remain at the vanguard of their industries by providing them with exhaustive and actionable market data through its syndicated and custom market reports, covering over 15 major industry domains. The company's expansive and ever-growing database of reports, which are constantly updated, includes reports from industry verticals like chemicals and materials, food and beverages, energy and mining, technology and media, consumer goods, pharmaceuticals, agriculture, and packaging.

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