In 2018, the high speed camera market in the Asia Pacific region generated $ XX million and was expected to generate a revenue of $XX million by 2027, while flourishing at a CAGR of 8.59% during the estimated period of 2019-2027. The Asia Pacific market is primarily driven by favorable government initiatives and policies coupled with technological advancements in the sector.
The high speed camera market of Asia Pacific encompasses trends in developing countries like South Korea, India, Japan, Australia, China, and Rest of Asia Pacific region which is formed by other Asia Pacific countries. The booming media and entertainment industry in India is surging demand for next-generation cameras for its several purposes. The media industry comprising of segments like TV, films, advertising, and others is consistently developing innovative product line which requires high quality and reliable cameras. The cameras are used by sports broadcasters, technicians, and engineers with slow-motion video recording apps to enhance viewers’ experience. The aerospace & defense, healthcare, and retail are few other sectors adopting the high speed cameras for several purposes. As a result of this, the high speed camera market is developing at a noteworthy pace in the region.
Lumenera Corporation, iX Cameras Inc., Photron Ltd., Laetus GmbH, Photometrics, Mikrotron GmbH, IDT Inc., PCO AG, HS Vision GmbH, Fastec Imaging Corporation, and Optronis GmbH are some of the key players in the market. The market is highly capital intensive which pose an entry-level barrier for new entrants.