High-Speed Camera Market Growth Analysis 2021

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High-Speed Camera Market, By Frame Rate,
Competitive Market Share Forecast, 2020-2026
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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.
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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.
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Restraints High setup cost for industrial
usage As opposed to conventional video cameras
that capture natural-paced footage at 2460
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.
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Impact of COVID-19 in the industry The global
economy took a toll when the pandemic hit the
world. As a result, the governments of different
countries had to impose nationwide lockdowns to
prevent the virus from spreading. Thus, in order
to put an end to the spread of the virus,
factories and manufacturers had to shut down
their operations. Because of the shutdown, the
supply chain was disrupted, which ultimately led
to a decline in industries that used silver paste
as a raw material. Further, the companies had to
contend with a reduced supply of conductive
silver paste, which further hindered growth.
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Global High-speed Camera Market 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.
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Competitive landscape Key players for global
high-speed cameramarket 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. Sample
Copy https//www.blueweaveconsulting.com/report/g
lobal-high-speed-camera-market/report-sample
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