InGaAs Camera Market 2017 research report provides snapshot of the global InGaAs Camera Market landscape and features descriptive competitive landscape of the InGaAs Camera market for prominent players. InGaAs camera Market Report of 151 pages explores Global InGaAs camera Market reaching $132.6 million by 2023. Report provides InGaAs camera Market Size, Share, Statistics, and Opportunities Forecast to 2023.
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Companies analysed in report are: Hamamatsu (Japan), First Sensor (Germany), Jenoptik (Germany), Teledyne Technologies (US), LUNA (US), LUMENTUM (US), Laser Components (Germany), Albis Optoelectronics (Switzerland), Thorlabs (US), Sensors Unlimited (US), FLIR Systems (US), Xenics (Belgium), New Imaging Technologies (France), Allied Vision Technologies (Germany), Raptor Photonics (UK), Sofradir (France), Princeton Instruments (US), Photon (Canada), Fermionics Opto-Technology (US), AC Photonics (US), GPD Optoelectronics (US), New England Photoconductor (US), QPHOTONICS (US), Episensors (US), and IRCameras (US).
The global InGaAs camera market is estimated to grow at a CAGR of 9.1% between 2017 and 2023. The InGaAs camera market is highly competitive with the presence of several small and big players.
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The major factors driving the growth of the InGaAs camera market include high demand for line scan InGaAs cameras for machine vision applications, high penetration of InGaAs cameras in military and defense, and increasing demand for InGaAs cameras in security, surveillance, and firefighting. The major factor restraining the growth of InGaAs camera market is the stringent import and export regulations on these cameras.
Area scan cameras held a larger share of the InGaAs camera market in 2016. In 2016, the area scan cameras held the largest share of the overall InGaAs camera market.
The area scan camera has a matrix of pixels, which allows it to capture the image of a defined area. Compared with line scan cameras, area scan cameras are general-purpose cameras used in various applications such as industrial processing monitoring, industrial furnace monitoring, solar cell inspection, inspection sorting, driver vision enhancement, atmospheric obscurants imaging, and security and surveillance.
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The market for the industrial automation application is expected to register the highest CAGR between 2017 and 2023. InGaAs cameras are extensively used in the industrial automation application.
These cameras are used in machine vision applications in the fields of robotics and gripping technology; guidance/orientation assistance; object and pattern recognition; object type, position, and direction recognition; label, OCR, and barcode recognition; color and completeness checks; packaging and printing industry for completeness checks, endless web inspection systems, and logistics; and fast moving object analysis. These cameras help in improving the accuracy of manufacturing operations, thereby reducing the cost and increasing the productivity and quality of the manufacturing process.
With increasing emphasis on industrial automation, the market for this application is expected to grow in the future.
APAC is expected to register the highest CAGR during the forecast period. Asia Pacific (APAC) accounted for the highest CAGR in the overall InGaAs camera market during the forecast period.
This growth is attributed to the high economic growth witnessed by major developing economies in this region. China accounted for the largest share of InGaAs camera market in 2016 because of the huge demand for InGaAs cameras from the country's industrial manufacturing, and military and defense applications.
Uncooled cameras are expected to dominate the InGaAs camera market in APAC. Moreover, higher industrial growth in developing economies is expected to drive the growth of the InGaAs camera market in APAC.
Research Coverage: This research report categorizes the global InGaAs camera market on the basis of camera cooling technology, scanning type, application, and geography. The report discusses the major drivers, restraints, challenges, and opportunities pertaining to the market along with the value chain analysis.
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This report will enable both established firms as well as new entrants/smaller firms to gauge the pulse of the market, which in turn will help these firms, garner greater market shares. Firms purchasing the report can use any one or a combination of the below-mentioned five strategies (market penetration, product development/innovation, market development, market diversification, and competitive assessment) for strengthening their market shares.