According to UnivDatos Market Insights, The GigE Camera Market was valued at USD 1.5 billion in 2022 and is expected to grow at a steady rate of around 9.5% in the forecasted period (2023-2030) owing to the growing demand for high-speed connectivity, cost-effectiveness, versatility, and improved image quality. A GigE Camera is a high-speed digital camera that uses the Gigabit Ethernet (GigE) networking standard to transmit image data to a computer. It typically has a resolution of 1080p or higher and can capture images at a rate of up to 30 frames per second. GigE cameras are often used in industrial and scientific applications, such as machine vision, medical imaging, and scientific research, because of their high resolution, low latency, and high data transfer rates.

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The growth of the Internet of Things (IoT) has led to an increase in the number of connected devices, including cameras. As more and more devices become connected to the internet, there is a growing need for high-speed, reliable networks to transmit data between these devices. GigE cameras are well-suited to this task, as they are capable of transferring data at high speeds over long distances. The proliferation of GigE cameras has also been driven by the increasing demand for high-resolution imaging and the growing adoption of cloud-based storage. Many GigE cameras now come with cloud-based storage options, which allows for easy access to video footage from anywhere in the world. This has made GigE cameras an attractive option for security and surveillance applications, as well as for industrial automation.

Some of the recent developments are:

• In 2020, Panasonic announced that it had acquired i-PRO, a manufacturer of high-performance network cameras, in a move to strengthen its position in the security and surveillance market.
• In 2019, FLIR Systems announced that it had acquired Proximex, a manufacturer of GigE cameras and other video surveillance solutions, in a move to expand its portfolio of video surveillance solutions.

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Conclusion

The GigE Camera Market is a rapidly growing market that is driven by the increasing demand for high-speed network cameras in various applications, such as security, surveillance, and industrial automation. In the coming years, the GigE Camera Market is expected to continue to grow, driven by the increasing adoption of AI and ML, the growing demand for high-speed data transfer, and the increasing use of GigE cameras in industrial automation applications.

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