Automation allows the reduction of human intervention in many processes. The extended reach of Industry 4.0 has encouraged automation in various verticals, thereby allowing companies to obtain long-term benefits from their operations, simultaneously reducing human involvement and waste, increasing flexibility, and optimizing the decision-making process. In addition, the emergence of connected enterprises, government initiatives to support industrial automation, and growing acceptance of emerging technologies, such as IoT and AI, in industrial environments are expected to propel industrial automation during the forecast period. The widespread industrial automation would boost the demand for InGaAs cameras in machine vision applications in the coming years. InGaAs cameras help improve the accuracy of manufacturing operations, thereby reducing the cost and enhancing the quality and productivity of the production processes.
In automated industrial processes, InGaAs cameras can aid object imaging in the short-wave infrared (SWIR) range; as a result, these cameras have gained significant attention in food & beverages, pharmaceuticals, and other industries. The SWIR imaging with InGaAs cameras supports nondestructive materials identification, along with determining the composition, coating, and other characteristics of materials.
With new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the South America InGaAs camera market at a substantial CAGR during the forecast period.
South America InGaAs Camera Market Segmentation
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 it is further 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.
| Report Attribute | Details |
|---|---|
| Market size in 2021 | US$ 3.84 Million |
| Market Size by 2028 | US$ 5.41 Million |
| CAGR (2021 - 2028) | 5.0% |
| Historical Data | 2019-2020 |
| Forecast period | 2022-2028 |
| Segments Covered |
By Camera Cooling Technology
|
| Regions and Countries Covered |
South and Central America
|
| Market leaders and key company profiles |
|
The South America InGaAs Camera Market is valued at US$ 3.84 Million in 2021, it is projected to reach US$ 5.41 Million by 2028.
As per our report South America InGaAs Camera Market, the market size is valued at US$ 3.84 Million in 2021, projecting it to reach US$ 5.41 Million by 2028. This translates to a CAGR of approximately 5.0% during the forecast period.
The South America 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 South America InGaAs Camera Market report:
The South America InGaAs Camera Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The South America InGaAs Camera Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the South America InGaAs Camera Market value chain can benefit from the information contained in a comprehensive market report.
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