Report : Europe InGaAs Camera Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Camera Cooling Technology (Cooled Camera and Uncooled Camera), Scanning Type (Area Scan Camera and Line Scan Camera), and Application (Military & Defense, Industrial Automation, and Scientific Research)
Uncooled camera segment to dominate the Europe InGaAs Camera Market during 2020–2028
According to a new market research study on “Europe InGaAs Camera Market to 2028 – COVID-19 Impact and Regional Analysis and Forecast by Camera Cooling Technology, Scanning Type, and Application” is expected to reach US$ 42.84 million by 2028 from US$ 24.97 million in 2021. The market is estimated to grow at a CAGR of 8.0% from 2021 to 2028. The report provides trends prevailing in the Europe InGaAs camera market along with the drivers and restraints pertaining to the market growth. Fostering penetration of InGaAs cameras in military and defense sector, elevating penetration of industrial automation, and increasing usage of machine vision systems are the major factor driving the growth of the Europe InGaAs camera market. However, higher cost of InGaAs hinders the growth of Europe InGaAs camera market.
The Europe InGaAs camera market is segmented on the basis of camera cooling technology, scanning type, application, and country. Based on camera cooling technology, the market is segmented into area scan camera and line scan camera. In 2020, the scan camera segment held a larger share of the market; and the same segment is expected to register a higher CAGR during the forecast period. Based on scanning type, the Europe InGaAs camera market is segmented into uncooled camera and cooled camera. In 2020, the uncooled camera segment held the largest market share; and the cooled segment is expected to register the highest CAGR in the market during the forecast period. Based on application, the market is segmented into military and defense, industrial automation, and scientific research. In 2020, the industrial automation segment held a larger share of the market; and the military and defense segment is expected to register a higher CAGR during the forecast period. Further, based on country, the Europe InGaAs camera market is segmented into Germany, France, Italy, the UK, Russia, and Rest of Europe. In 2020, Germany held the largest market share; and the UK is expected to grow at the fastest CAGR during the forecast period.
Allied Vision Technologies GmbH; Hamamatsu Photonics K.K.; Polytec GmbH; Raptor Photonics Limited; Xenics nv.; SWIR Vision Systems; Seiwa Optical America Inc.; and New Imaging Technologies (NIT) are among the leading companies in the Europe InGaAs camera market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market. For instance, New Imaging Technologies (NIT) has announced the release of several new SWIR sensors now produced with NIT in-house designed stacking technology, internally named NH.
Contact Us
Contact Person: Sameer Joshi
Phone: +1-646-491-9876
Email Id: sales@businessmarketinsights.com