High speed photography is used for freezing rapid motion moments and to reduce motion blur. Specially designed cameras are used for this purpose. As far as the use and applications of these products are concerned, the high speed camera market is highly fragmented. This fragmentation is mainly based on the frame rates and fields of applications. According to the latest market research reports, the global market is poised to make healthy growth. This growth is majorly attributed to the increasing applications of these cameras along with modifications in the specifications of the high speed cameras. As a result, manufacturers in the market are also hoping for attractive investment and growth opportunities in the near future.
Segmentation in High Speed Camera Industry
Researchers usually segment the global market to understand the progress of all the vital elements of the market. The high speed camera market is segmented on the basis of the types of components, accessories, their usage and applications, along with their demand across various geographic segments. The frame rates of the high speed cameras range anywhere in between 100fps to millions of fps. Of all these frame rates in the range of 1000fps to 10000fps is considered to be ideal for most of the applications of these cameras. The major fields of applications for these cameras include research and design, industrial manufacturing, media and entertainment, defense, military and aerospace. Prominent geographic regions in the industry include NA, APAC, Europe and RoW.
Driving Factors for High Speed Camera Industry
The global high speed camera market is strongly driven by the increasing applications of these products and continuous upgrades in the industry technology. Strict mandates about automotive clearance are also driving the industry demands. Technical shifts towards CMOS sensors and reduced ASP are also driving the growth in the market. Asia Pacific is serving as the positive ground for the global market. Rise in demand as well as manufacturing facilities in the APAC region are expected to create large revenue trends in the market. Technological advancements in the high speed cameras in the sensor and storage space are also expected to present great opportunities for the global high speed camera market.
As per the detailed analysis of the segmentation and industry drivers, the global high speed camera market is expected to grow at a CAGR of over 5% from 2014 to 2020. At the anticipated rate, the market is set to become worth $274.46 million by the end of 2018. Rapid rise in demand especially from the industrial applications are set to drive the industry. However, the researchers also warn the high product costs and longer product replacement to be the major restraint for the market. Growth in the rental and used equipment market is also expected to create roadblocks for the full-fledged growth of this market. However, evolving technology is set to provide winning momentum to the global market during the forecasting period.
Found Interesting! Click here for Inquiry