The high-speed camera market size to grow from USD 288 million in 2018 to USD 422 million by 2023, at a Compound Annual Growth Rate (CAGR) of 8.0% during the forecast period. Major growth drivers are increasing demand for compact high-speed cameras, increasing use of high-speed cameras in media & entertainment and sports, and high adoption of high-speed cameras in manufacturing. The objective of the report is to define, describe, and forecast the high-speed camera market size based on by usage, frame rate, resolution, throughput, component, spectrum, connectivity, functionality, application, and region.
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High-speed Camera Market for cameras with >10,000 MPPS throughput expected to grow at the highest CAGR during the forecast period
Increasing need for highly detailed analyses, such as combustion testing and flow visualization in aerospace, explosives, pyrotechnics, and ballistics, is expected to be the driving force for increasing the demand for high-speed cameras with >10,000 MPPS . Technological advancements, such as higher frame rates and greater resolutions, are opening new avenues for employing high-speed imaging to further improve business operations and study more complex processes and phenomena. This factor will likely fillip this market’s rapid proliferation
High-speed camera market for cameras with ≤2 MP resolution expected to hold the largest market share during the forecast period
Adoption of high-speed cameras with ≤2 MP resolution in applications such as missile launch; projectile tracking; component tracking in aerospace, defense, & military; product & material testing; and fluid dynamics research has led to increased demand for high-speed cameras. ≤2 MP resolution is the most affordable high-speed camera format owing to which its adoption has been significant.
“APAC to register the highest growth during the forecast period”
The market in APAC is expected to grow at the highest CAGR during the forecast period. Rapidly increasing industrialization and evolution as manufacturing hubs, particularly China and India, are expected to be major drivers behind this growth. Investments from all over the world into the region’s manufacturing sector is growing, which is creating an increased need for more efficient production line monitoring; this is expected to drive the APAC high-speed camera market.
Driver: High adoption of high-speed cameras in manufacturing
Coupled with machine vision, high-speed imaging solutions are a crucial enabler in achieving highest-possible limits of 2 of the most focused upon manufacturing objectives—lean manufacturing and zero-defect manufacturing.
Identifying materials based on defined specifications is a converging proviso for the 2 objectives, and one of the most common applications of machine vision-high-speed imaging combination in manufacturing. An ideal use case example is segregating differently colored plastic pellets from a fast-moving feed line to avoid unintended production of multicolored plastic products—this saves wastage of raw material and energy as well as prevents manufacturing defective products.
There are several other applications of high-speed imaging in manufacturing—in combination with machine vision or alone—which may not be directly connected to lean or zero-defect manufacturing, but are tangential to either or both; these include production line monitoring, product stress/drop testing, predictive/routine maintenance, equipment troubleshooting, and labelling and packaging inspections. With growth of manufacturing industry unequivocal for the foreseeable future, increasing resources paucity, and mounting competition, manufacturers will need to improve their operational efficiency, safety, and consistency, which will likely drive the high-speed camera market’s growth.
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