Report : Middle East and Africa 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)
Industrial Automation segment to dominate the Middle East & Africa InGaAs Camera Market during 2020–2028
According to a new market research study on “Middle East & Africa 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$ 9.71 million by 2028 from US$ 6.56 million in 2021. The market is estimated to grow at a CAGR of 5.8% from 2021 to 2028. The report provides trends prevailing in the Middle East & Africa InGaAs camera market along with the drivers and restraints pertaining to the market growth. Elevating Adoption of InGaAs Camera in Medical Instruments and Scientific Research, Burgeoning Penetration of InGaAs Cameras in Military and Defense Sector, and Growing Usage of Machine Vision Systems are the major factor driving the growth of the Middle East & Africa InGaAs camera market. However, higher cost of InGaAs hinders the growth of Middle East & Africa InGaAs camera market.
The Middle East & Africa 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 Middle East & Africa 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 Middle East & Africa InGaAs camera market is segmented into South Africa, Saudi Arabia, the UAE, and Rest of MEA. In 2020, the UAE held the largest market share; and the same country in the market 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; and SWIR Vision Systems are among the leading companies in the Middle East & Africa 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, Xenics and Pro-Lite Technology distribution and partnership agreement include the full Xenics camera line-up. From the new top-of-the-line Manx R and SQ series, Wildcat 640 series in the SWIR spectrum, all the way to the new Dione 640 CAM & OEM series in the LWIR spectrum.
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