Machine vision technology is used to provide imaging-based automatic inspection in various industries. Machine vision-enabled digital cameras and image processing tools can complement manual inspections and measurements. Different industries incorporate this technology to automate their production processes, and improve product quality and speed. The rising demand for high-quality inspection and automation in various industries is driving the need for machine vision, eventually bolstering the Asia Pacific InGaAs camera market. Furthermore, the need for vision-guided robotic systems across the automotive, food & beverages, pharmaceuticals and chemicals, and packaging industries in the region is encouraging the use of machine vision systems. Industrial vision systems need more robustness, reliability, and stability than academic/educational vision systems applications at a low cost. Moreover, the demand for machine vision systems (for 3D inspection) and vision-guided robots is further driving the Asia Pacific InGaAs camera market growth. Increasing research and development activities and the subsequent launch of new products are further supporting the market progress. For example, Xenics NV offers a small, low-cost, uncooled InGaAs camera to increase the productivity of industrial machine vision systems.
With new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the Asia Pacific InGaAs camera market at a substantial CAGR during the forecast period.
Asia Pacific InGaAs Camera Market Segmentation
The Asia Pacific 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 Asia Pacific 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 Asia Pacific InGaAs camera market is segmented into Australia, China, India, Japan, South Korea, and Rest of APAC. In 2020, China held the largest market share; and India 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 Asia Pacific InGaAs camera market.
| Report Attribute | Details |
|---|---|
| Market size in 2021 | US$ 33.65 Million |
| Market Size by 2028 | US$ 60.48 Million |
| CAGR (2021 - 2028) | 8.7% |
| Historical Data | 2019-2020 |
| Forecast period | 2022-2028 |
| Segments Covered |
By Camera Cooling Technology
|
| Regions and Countries Covered |
Asia-Pacific
|
| Market leaders and key company profiles |
|
The Asia Pacific InGaAs Camera Market is valued at US$ 33.65 Million in 2021, it is projected to reach US$ 60.48 Million by 2028.
As per our report Asia Pacific InGaAs Camera Market, the market size is valued at US$ 33.65 Million in 2021, projecting it to reach US$ 60.48 Million by 2028. This translates to a CAGR of approximately 8.7% during the forecast period.
The Asia Pacific InGaAs Camera Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the Asia Pacific InGaAs Camera Market report:
The Asia Pacific InGaAs Camera Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The Asia Pacific InGaAs Camera Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the Asia Pacific InGaAs Camera Market value chain can benefit from the information contained in a comprehensive market report.
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