Industrial Automation segment to dominate the Asia Pacific InGaAs Camera Market during 2020–2028
According to The Insight Partners market research study on “Asia Pacific InGaAs Camera Market to 2028 – COVID-19 Impact and Regional Analysis and Forecast by Camera Cooling Technology, Scanning Type, and Application” is expected to reach US$ 60.48 million by 2028 from US$ 33.65 million in 2021. The market is estimated to grow at a CAGR of 8.7% from 2021 to 2028. The report provides trends prevailing in the Asia Pacific InGaAs camera market along with the drivers and restraints pertaining to the market growth. Fostering usage of machine vision systems, raising penetration of InGaAs cameras in military and defense sector, and growing penetration of industrial automation are the major factor driving the growth of the Asia Pacific InGaAs camera market. However, excessive cost of InGaAs hinders the growth of Asia Pacific InGaAs camera market.
The Asia Pacific 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 Asia Pacific 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 Asia Pacific InGaAs camera market is segmented into Australia, China, India, Japan, South Korea, and Rest of APAC. In 2020, China held the largest market share; and India is 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.; SWIR Vision Systems; Seiwa Optical America Inc.; and New Imaging Technologies (NIT) are among the leading companies in the Asia Pacific InGaAs camera market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market. For instance, Xenics and Pro-Lite Technology distribution and partnership agreement include the full Xenics camera line-up. From the new top-of-the-line Manx R and SQ series, Wildcat 640 series in the SWIR spectrum, all the way to the new Dione 640 CAM & OEM series in the LWIR spectrum.
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