According to a new market research report published by Acute Market Reports “High-Speed Camera Market (Frame Rate – 250 to 1,000 FPS, 1,001-10,000 FPS, 10,001-30,000 FPS, 30,001-50,000 FPS and above 50,000 FPS; Component – Image sensors, Processors, Lens, Memory, Fans and Cooling, and Others; Application – Automotive & Transportation, Consumer Electronics, Aerospace & Defense, Healthcare and Media & Entertainment) – Growth, Future Prospects and Competitive Analysis, 2018 – 2026”, the high-speed camera market was valued at US$ 405.6 Mn in 2017 and will be growing at a CAGR of 7.7% during the forecast period from 2018 to 2026.
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The high-speed camera market was valued at US$ 405.6 Mn in 2017 and expected to be growing at a compounded annual growth rate (CAGR) of 7.7% during the forecast period from 2018 to 2026. High-speed cameras are capable of capturing at frame rates above 250 frames per second. They are used to record fast moving objects which can later be played back in slow motion. One of the most prominent factors aiding the high-speed camera market growth can be attributed to its high demand within the sports sector. In addition, these cameras have witnessed high adoption in the automotive industry as well. The functionalities of the cameras in the automotive industry includes tire testing, safety test applications, suspension testing, and transmission testing among others. The automotive and transportation industry would provide lucrative growth opportunities for the high-speed cameras market to flourish.
However, high-speed cameras have a high cost associated with the, a factor which might offset its growth in coming years. It is mainly used for various purposes such as design, research and testing across a wide range of applications including material testing, product testing, flow visualizations, combustion, fluid dynamics and bio mechanics among others. Universities, industrial organizations and R&D institutions are the various end users of these cameras.
In coming years, the adoption of high-speed cameras expected to be substantially high for traffic management applications. Various developed countries such as the U.S. already uses this technology. It can be useful to keep an eye on the over speeding drivers. For instance, recently the Government of Punjab, India announced its plans to install high-speed cameras on highways.
Key players profiled in the report include Olympus Corporation, Photron, Mikrotron GmbH, DEL Imaging, NAC Image Technology, Motion Capture Technologies, iX Cameras, Vision research. Inc. and Fastec Imaging among others.