Report : South America 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)
Area Scan Camera segment to dominate the South America InGaAs Camera Market during 2020–2028
According to a new market research study on “South America 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$ 5.41 million by 2028 from US$ 3.84 million in 2021. The market is estimated to grow at a CAGR of 5.0% from 2021 to 2028. The report provides trends prevailing in the South America InGaAs camera market along with the drivers and restraints pertaining to the market growth. Fostering penetration of industrial automation, burgeoning adoption of InGaAs camera in medical instruments and scientific research, and intensifying penetration of InGaAs cameras in military and defense sector are the major factor driving the growth of the South America InGaAs camera market. However, exorbitant cost of InGaAs hinders the growth of South America InGaAs camera market.
The South America 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 South America 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 South America InGaAs camera market is segmented into Brazil, Argentina, and Rest of SAM. In 2020, Brazil 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 South America 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, the introduction of 1920 x 1080 HD extended SWIR capability increases the usable SWIR band by _40%, out to 2000nm and brings full 2.1MP high-definition imaging to several new commercial short wave IR applications.
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