Event Camera Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032
Growth Factors of Event Camera Market
The event camera market size was valued at USD 219.4 million in 2023, and the market is now projected to grow from USD 224.8 million in 2024 to USD 293.8 million by 2032, exhibiting a CAGR of 3.4% during the forecast period of 2024-2032.
Featuring high temporal resolution, event cameras have the ability to capture and detect rapid changes in the scene. This makes them ideal for applications that need precise timing, including autonomous vehicles, fast-moving object tracking, and robotics. The surging demand for autonomous driving is set to propel market growth. Moreover, neuromorphic vision systems are being demanded by many OEMs in the automotive sector to assist ADAS applications and improve autonomous driving functionality. High growth in automotive applications is consistently being observed by this emerging technology due to the growing demand for driver assistance systems.
Despite an expanding scope for the adoption of the product, the availability of alternative products may hamper event camera market growth. These products need well-developed infrastructure, including software libraries and standardized interfaces for event-based data.
The COVID-19 pandemic substantially impacted different industries, particularly manufacturing sectors. However, it led to a surge in product demand for ADAS systems, robotics, automation, and surveillance applications. The slowdown in the economy led to a significant reduction in the demand for AR/VR systems and automotive systems, eventually affecting bio-inspired image sensors.
Comprehensive Analysis of Event Camera Market
The market is classified into segments, including product type and application. Based on product type, the market is divided into polarity event output, intensity event output, and others. The polarity event output segment captures the largest event camera market share owing to the heightened adoption of the product. By application, the market is categorized into aircraft, industrial equipment, drones, and others (robotics). The drones segment is poised to register the fastest growth during the assessment period, which can be credited to the ability of the product to improve robustness and system dependency in aerospace applications when integrated with LIDAR, radar, or traditional cameras.
Regionally, Asia Pacific market for event camera, valued at USD 83.1 million in 2023, is set to occupy the largest share during the assessment period. This is on account of a considerable emphasis of China on industrial automation. Moreover, Japan also has an emphasis on specifically autonomous vehicle technologies.
The growth of the Europe event camera market can be ascribed to current research and development efforts in nations, which lead to technological innovations. Moreover, the private and public measures facilitating innovation in imaging technology and computer vision can boost the demand for these cameras.
The top players in the market include Sony Group Corporation, AlpsenTek GmbH, Omnivision, iniVation AG, Imago Technologies GmbH, Pepperl+Fuchs Pvt. Ltd., and others. The market is dominated by Sony, which is followed by Samsung and other companies, such as Pepperl+Fuchs Pvt. Ltd., Northrop Grumman, and Omnivision, which contribute to nearly two-thirds of the market revenue. Moreover, players are displaying their products in exhibitions and trade shows to penetrate a varied set of industries and surge brand presence. Established companies, including Samsung and Sony, have opted for partnerships and collaborations with emerging players, including Prophesee to broaden their product portfolio with the help of technological innovations, enhancement of their geographical footprint and boosting their market presence through a strong distributor and dealer network.
In June 2020, OMNIVISION Technologies, Inc., a prominent advanced digital imaging solutions provider, announced the release of the OX03C10 ASIL C automotive image sensor. Moreover, the product has a large 3.0-micron pixel size with an HDR of 140 dB and LED flicker mitigation performance. It offers quicker camera-view switching and higher design flexibility for drivers.
Segmentation Table
Global Event Camera Market Scope
Study Period 2019-2032
Base Year 2023
Forecast Period 2024-2032
Historical Period 2019-2022
Growth Rate CAGR of 3.4% from 2024 to 2032
Unit Value (USD Million)
Segmentation By Product Type, Application, and Region
By Product Type
Polarity Event Output
Intensity Event Output
Others
By Application
Industrial Equipment
Drones
Aircraft
Others (Robotics)
By Region
North America (By Product Type, Application, and Country)
U.S.
Canada
Mexico
Europe (By Product Type, Application, and Country)
U.K.
Germany
France
Italy
Spain
Rest of Europe
Asia Pacific (By Product Type, Application, and Country)
China
India
Japan
South Korea
Rest of Asia Pacific
Middle East & Africa (By Product Type, Application, and Country)
GCC Countries
South Africa
Rest of the Middle East & Africa
South America (By Product Type, Application, and Country)
Brazil
Argentina
Rest of South America
- 1. Introduction
- 1.1. Definition, By Segment
- 1.2. Research Methodology/Approach
- 1.3. Data Sources
- 2. Executive Summary
- 3. Market Dynamics
- 3.1. Macro and Micro Economic Indicators
- 3.2. Drivers, Restraints, Opportunities, and Trends
- 4. Competition Landscape
- 4.1. Business Strategies Adopted by Key Players
- 4.2. Consolidated SWOT Analysis of Key Players
- 4.3. Global Event Camera Key Players Market Share/Ranking, 2023
- 5. Global Event Camera Market Size Estimates and Forecasts, By Segments, 2019-2032
- 5.1. Key Findings
- 5.2. By Product Type (USD)
- 5.2.1. Polarity Event Output
- 5.2.2. Intensity Event Output
- 5.2.3. Others
- 5.3. By Application (USD)
- 5.3.1. Industrial Equipment
- 5.3.2. Drones
- 5.3.3. Aircraft
- 5.3.4. Others (Robotics, etc.)
- 5.4. By Country (USD)
- 5.4.1. North America
- 5.4.2. South America
- 5.4.3. Europe
- 5.4.4. Middle East & Africa
- 5.4.5. Asia Pacific
- 6. North America Event Camera Market Size Estimates and Forecasts, By Segments, 2019-2032
- 6.1. Key Findings
- 6.2. By Product Type (USD)
- 6.2.1. Polarity Event Output
- 6.2.2. Intensity Event Output
- 6.2.3. Others
- 6.3. By Application (USD)
- 6.3.1. Industrial Equipment
- 6.3.2. Drones
- 6.3.3. Aircraft
- 6.3.4. Others (Robotics, etc.)
- 6.4. By Country (USD)
- 6.4.1. United States
- 6.4.2. Canada
- 6.4.3. Mexico
- 7. South America Event Camera Market Size Estimates and Forecasts, By Segments, 2019-2032
- 7.1. Key Findings
- 7.2. By Product Type (USD)
- 7.2.1. Polarity Event Output
- 7.2.2. Intensity Event Output
- 7.2.3. Others
- 7.3. By Application (USD)
- 7.3.1. Industrial Equipment
- 7.3.2. Drones
- 7.3.3. Aircraft
- 7.3.4. Others (Robotics, etc.)
- 7.4. By Country (USD)
- 7.4.1. Brazil
- 7.4.2. Argentina
- 7.4.3. Rest of South America
- 8. Europe Event Camera Market Size Estimates and Forecasts, By Segments, 2019-2032
- 8.1. Key Findings
- 8.2. By Product Type (USD)
- 8.2.1. Polarity Event Output
- 8.2.2. Intensity Event Output
- 8.2.3. Others
- 8.3. By Application (USD)
- 8.3.1. Industrial Equipment
- 8.3.2. Drones
- 8.3.3. Aircraft
- 8.3.4. Others (Robotics, etc.)
- 8.4. By Country (USD)
- 8.4.1. United Kingdom
- 8.4.2. Germany
- 8.4.3. France
- 8.4.4. Italy
- 8.4.5. Spain
- 8.4.6. Rest of Europe
- 9. Middle East & Africa Event Camera Market Size Estimates and Forecasts, By Segments, 2019-2032
- 9.1. Key Findings
- 9.2. By Product Type (USD)
- 9.2.1. Polarity Event Output
- 9.2.2. Intensity Event Output
- 9.2.3. Others
- 9.3. By Application (USD)
- 9.3.1. Industrial Equipment
- 9.3.2. Drones
- 9.3.3. Aircraft
- 9.3.4. Others (Robotics, etc.)
- 9.4. By Country (USD)
- 9.4.1. GCC
- 9.4.2. South Africa
- 9.4.3. Rest of Middle East & Africa
- 10. Asia Pacific Event Camera Market Size Estimates and Forecasts, By Segments, 2019-2032
- 10.1. Key Findings
- 10.2. By Product Type (USD)
- 10.2.1. Polarity Event Output
- 10.2.2. Intensity Event Output
- 10.2.3. Others
- 10.3. By Application (USD)
- 10.3.1. Industrial Equipment
- 10.3.2. Drones
- 10.3.3. Aircraft
- 10.3.4. Others (Robotics, etc.)
- 10.4. By Country (USD)
- 10.4.1. China
- 10.4.2. India
- 10.4.3. Japan
- 10.4.4. South Korea
- 10.4.5. Rest of Asia Pacific
- 11. Company Profiles for Top 10 Players (Based on data availability in public domain and/or on paid databases)
- 11.1. Samsung Electronics Co. Ltd.
- 11.1.1. Overview
- 11.1.1.1. Key Management
- 11.1.1.2. Headquarters
- 11.1.1.3. Offerings/Business Segments
- 11.1.2. Key Details (Key details are consolidated data and not product/service specific)
- 11.1.2.1. Employee Size
- 11.1.2.2. Past and Current Revenue
- 11.1.2.3. Geographical Share
- 11.1.2.4. Business Segment Share
- 11.1.2.5. Recent Developments
- 11.2. Sony Group Corporation
- 11.2.1. Overview
- 11.2.1.1. Key Management
- 11.2.1.2. Headquarters
- 11.2.1.3. Offerings/Business Segments
- 11.2.2. Key Details (Key details are consolidated data and not product/service specific)
- 11.2.2.1. Employee Size
- 11.2.2.2. Past and Current Revenue
- 11.2.2.3. Geographical Share
- 11.2.2.4. Business Segment Share
- 11.2.2.5. Recent Developments
- 11.3. Pepperl+Fuchs Pvt. Ltd.
- 11.3.1. Overview
- 11.3.1.1. Key Management
- 11.3.1.2. Headquarters
- 11.3.1.3. Offerings/Business Segments
- 11.3.2. Key Details (Key details are consolidated data and not product/service specific)
- 11.3.2.1. Employee Size
- 11.3.2.2. Past and Current Revenue
- 11.3.2.3. Geographical Share
- 11.3.2.4. Business Segment Share
- 11.3.2.5. Recent Developments
- 11.4. Northrop Grumman
- 11.4.1. Overview
- 11.4.1.1. Key Management
- 11.4.1.2. Headquarters
- 11.4.1.3. Offerings/Business Segments
- 11.4.2. Key Details (Key details are consolidated data and not product/service specific)
- 11.4.2.1. Employee Size
- 11.4.2.2. Past and Current Revenue
- 11.4.2.3. Geographical Share
- 11.4.2.4. Business Segment Share
- 11.4.2.5. Recent Developments
- 11.5. Imago Technologies GmbH
- 11.5.1. Overview
- 11.5.1.1. Key Management
- 11.5.1.2. Headquarters
- 11.5.1.3. Offerings/Business Segments
- 11.5.2. Key Details (Key details are consolidated data and not product/service specific)
- 11.5.2.1. Employee Size
- 11.5.2.2. Past and Current Revenue
- 11.5.2.3. Geographical Share
- 11.5.2.4. Business Segment Share
- 11.5.2.5. Recent Developments
- 11.6. AlpsenTek Gmbh
- 11.6.1. Overview
- 11.6.1.1. Key Management
- 11.6.1.2. Headquarters
- 11.6.1.3. Offerings/Business Segments
- 11.6.2. Key Details (Key details are consolidated data and not product/service specific)
- 11.6.2.1. Employee Size
- 11.6.2.2. Past and Current Revenue
- 11.6.2.3. Geographical Share
- 11.6.2.4. Business Segment Share
- 11.6.2.5. Recent Developments
- 11.7. Prophesee
- 11.7.1. Overview
- 11.7.1.1. Key Management
- 11.7.1.2. Headquarters
- 11.7.1.3. Offerings/Business Segments
- 11.7.2. Key Details (Key details are consolidated data and not product/service specific)
- 11.7.2.1. Employee Size
- 11.7.2.2. Past and Current Revenue
- 11.7.2.3. Geographical Share
- 11.7.2.4. Business Segment Share
- 11.7.2.5. Recent Developments
- 11.8. iniVation AG
- 11.8.1. Overview
- 11.8.1.1. Key Management
- 11.8.1.2. Headquarters
- 11.8.1.3. Offerings/Business Segments
- 11.8.2. Key Details (Key details are consolidated data and not product/service specific)
- 11.8.2.1. Employee Size
- 11.8.2.2. Past and Current Revenue
- 11.8.2.3. Geographical Share
- 11.8.2.4. Business Segment Share
- 11.8.2.5. Recent Developments
- 11.9. Clear Telematics
- 11.9.1. Overview
- 11.9.1.1. Key Management
- 11.9.1.2. Headquarters
- 11.9.1.3. Offerings/Business Segments
- 11.9.2. Key Details (Key details are consolidated data and not product/service specific)
- 11.9.2.1. Employee Size
- 11.9.2.2. Past and Current Revenue
- 11.9.2.3. Geographical Share
- 11.9.2.4. Business Segment Share
- 11.9.2.5. Recent Developments
- 11.10. Omnivision
- 11.10.1. Overview
- 11.10.1.1. Key Management
- 11.10.1.2. Headquarters
- 11.10.1.3. Offerings/Business Segments
- 11.10.2. Key Details (Key details are consolidated data and not product/service specific)
- 11.10.2.1. Employee Size
- 11.10.2.2. Past and Current Revenue
- 11.10.2.3. Geographical Share
- 11.10.2.4. Business Segment Share
- 11.10.2.5. Recent Developments
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