InGaAs Camera Market worth US$ 183.35 million by 2028- Exclusive Research by The Insight Partners
According to The Insight Partners latest market study on "InGaAs Camera Market Forecast to 2028 – COVID-19 Impact and Global Analysis – by Camera Cooling Technology, Scanning Type, and Application," the market is expected to grow from US$ 107.99 million in 2021 to US$ 183.35 million by 2028; it is estimated to grow at a CAGR of 7.9% from 2021 to 2028. The global InGaAs camera market is segmented into five major regions – North America, Europe, Asia Pacific, MEA, and SAM. North America held the largest market share in 2020, followed by APAC and Europe. APAC is anticipated to register the highest CAGR in the market during the forecast period. The increasing adoption by the military & defense industries and the rising penetration of machine vision systems fuel the InGaAs camera market growth. In addition, due to the advancements in technology, North America has been highly competitive, with the US being a developed country accepting modern technology electronic devices. ...