The high-speed cameras market was predicted to be worth US$321.940 million in 2020 and is expected to grow at a CAGR of 6.02% to US$484.601 million by 2027.
High-speed cameras are imaging devices used to capture images of rapidly changing events. Because of their high image processing and broad light sensitivity range, high-speed cameras are in high demand in the R&D, entertainment, and automotive sectors because they can capture exceedingly quick events. Furthermore, the demand for high-speed cameras is expected to grow due to a rise in sensor vendors and technological advances. Furthermore, the application of ITS to reduce traffic deaths and increase traffic safety is a primary driver of the intelligent transportation systems industry’s growth. The transportation industry’s continuing developments have underlined the need for an efficient transportation infrastructure that may improve road networks.
During the forecast period, the diverse applicability of high-speed cameras for a wide range of industries has generated market revenue for the upcoming years.
As a result, the growing demand for smart road safety technology will drive up the requirement for high-speed cameras in the future years. High-speed cameras are employed to detect traffic offenses, monitor traffic, and collect tolls. High-speed cameras have the capability of reading the license plate of a vehicle passing through toll gates and automatically deducting the amount from the account connected with each plate. Furthermore, high-speed cameras aid in traffic flow monitoring. For example, high-speed cameras are increasingly being used in Automatic Incident Detection to enable speedy reactions to accidents aand other obstacles, particularly in key areas such as tunnels and bridges.
The rising demand from end-user industries will surge the market share during the projected period.
High-speed photography is used extensively in biomechanics studies, health research, and other industries such as healthcare, entertainment, aviation, automotive, and the military. A high-speed camera, which can capture moving pictures, is frequently employed in the telecommunications and entertainment sectors. Because of the superior properties of high-speed cameras above others, their use is spreading beyond enterprises. The increased usage of high-speed cameras in huge events such as athletics and movie theatres has also influenced the industry. The expanding use of photogrammetry technology in a variety of sectors, as well as excellent customer experience with the product, help to drive market growth.
Because of their expanded functionality and advanced picture-capture techniques, digital high-speed cameras are gaining acceptance in a variety of industrial verticals. Due to rising safety concerns, high-speed cameras are being used for several purposes in the automobile and transportation industries. This market vertical’s high-speed cameras offer profitable potential in a range of automotive purposes, including safety test uses, tire and suspension testing, transmissions testing, and over-the-road testing, among others. The adoption of increased picture-taking capabilities in the vehicle and transportation industries generates new markets for high-speed cameras across the world. For instance, Marvell released the industry’s first Ethernet camera bridge technology, 88QB5224, in December 2021, for best-in-class video delivery in connected automobiles. Scalable automotive systems will progressively power software-defined vehicles as automobiles grow smarter, more networked, and more software-oriented. An Ethernet backbone links all domain electronic controllers (ECUs), as well as cameras and sensors, to centralized, compute devices in the vehicle, which is critical for scalability. This ground-breaking Ethernet device is the newest development to Marvell’s Brightlane automobile portfolio, which offers a variety of creative and secure solutions for future automobiles.
The increasing market developments made by companies by launching products to broaden the availability of high-speed cameras.
Companies all over the world have taken the initiative to launch innovative products that have proven to be lucrative for market growth. With the recent developments made in the market segment, the demand is anticipated to rise during the projected period. For instance, the Science and Technology Facilities Council’s (STFC) Technology Department cooperated with Cordin Scientific Imaging in September 2022 to develop a next-generation hyperspeed camera sensor. The new gadget, developed in conjunction with Cordin Scientific Imaging, can record photos up to four times quicker than those now on the market, providing researchers with new insights into physical and life-science processes that were previously too fast to witness.
Furthermore, Fujifilm India unveiled a brand-new mirrorless digital camera with a high-speed CPU and new sensor in November 2022. The new sensor’s image quality upgrade is aided by sophisticated features such as the ISO125 minimum standard, the highest electronic camera speed of 1/180000 seconds, and the pixel shift of multiple shots to boost visual expressions. The X-H2 is outfitted with the new sensor and 40.2 MP ‘X-Trans CMOS 5 HR sensor’. Additionally, Ember, a new camera from Freefly, was released in December 2022. It’s a 100mm cube that weighs 800 grams and can capture 4K 800fps and 5K 600fps. Ember is unusual in that it can capture continuous high-speed film without a RAM-based clip restriction since it records to a 4TB internal SSD. As a result, shooting at high speeds is now as simple as shooting anything else: press record to begin and stop, and Ember records it all too solid phase memory. Similarly, Sony Electronics Inc. introduced the Alpha 7R V as the next R series camera in its famed range of Alpha mirrorless interchangeable lens cameras in October 2022. The Alpha 7R V features Sony’s highest resolution image sensor in an Alpha camera, as well as a brand-new artificial intelligence peripheral device devoted solely to AI-based image recognition – a first for any Alpha camera – and the powerful BIONZ XRTM image processing engine – a first for the “R” full-frame lineup. The pairing of the high-resolution camera and these CPUs enables unprecedented advances in subject identification and shooting for both still and video photography. It can shoot up to 583 compact RAW photos in a row at high speed.
During the forecast period, the high-speed camera market in the North American region is anticipated to gain a substantial amount of market share.
The high-speed camera market is divided into five areas based on geography: North America, South America, Europe, the Middle East, Africa, and the Asia Pacific. During the forecast period, North America is considered to hold a significant amount of market share due to the launch of enhanced products and the rise in demand from diverse industry verticals. For instance, Canon U.S.A., Inc., a pioneer in digital imaging solutions, released the new EOS R6 Mark II camera body, Canon’s new hybrid full-frame camera, and the first EOS R phase transformation mirrorless to enter the second generation, in November 2022. Canon also unveiled the new RF135mm F1.8 L IS USM mid-telephoto portrait lens and Speedlite EL-5 flash unit. It offers a fast burst shooting mode.