Global Polarized Imaging Camera Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Polarized Imaging Camera Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Polarized Imaging Camera obtains polarization information from the subject, and can capture polarized images in real time without mechanical adjustment of polarization filters or other parameters. Polarized Imaging Camera can more easily obtain information about the surface direction of indistinguishable monochrome objects and identify indistinguishable differences between transparent and non-transparent surfaces. Polarized Imaging Camera can be widely used in industrial inspection, traffic enforcement ,surveillance and other industries.

Market Overview:

The latest research study on the global Polarized Imaging Camera market finds that the global Polarized Imaging Camera market reached a value of USD 186.52 million in 2022. It’s expected that the market will achieve USD 292.98 million by 2028, exhibiting a CAGR of 7.82% during the forecast period.

COVID-19 Impact on Global GDP

COVID-19 has not only affected the healthcare sector but also has had a major impact on the global economy as well. It has significantly affected the economy of various financial as well as industrial sectors, such as the travel and tourism, manufacturing, and aviation industries. It is predicted that the world economy will go into recession, with the loss of trillions of dollars. With an increasing number of countries imposing and extending lockdowns, economic activities are expected to further drop, which would, in turn, impact the global economy.
The International Monetary Fund (IMF) published its World Economic Outlook for 2020 and 2021 last Tuesday (April 14). Amid the Covid-19 pandemic and the world currently looking like some kind of a dystopian movie with empty streets, hundreds of millions of people in lockdown, production facilities shut down, shops shuttered, planes grounded in abandoned airports, grim prospects for the global economy have grown even darker as outlined in the IMF forecast. The IMF predicts that the global economy will be in worse shape than it was in during the Great Depression (1929-33) and the loss of output will dwarf'' that suffered in the Global Financial Crisis (GFC) of 2007-08.
The new forecast assumes that the pandemic peaking in the second quarter of this year in the most countries in the world and to be followed by a partial recovery next year from the Great Lockdown'' of 2020. But the economists at the IMF did not sound entirely convinced. IMF Chief Economist Gita Gopinath said, Much worse growth outcomes are possible, may be even likely''. In the worst-case scenario, the global economy would shrink by around 11 per cent rather than 3.0 per cent. Also, for the first time since the Great Depression both advanced and emerging market and developing economies are in recession.
The new forecast sees the global economy contracting at a 3.0 per cent annual rate this year, a 6.3 per cent fall from the forecast issued in January this year. However, the global economy will rebound by a 5.8 per cent in 2021. But even if that takes place, the recovery will only be partial'' with the level of activity that was projected for 2021 before the virus struck.
It further said all together the cumulative loss to global economy over 2020 and 2021 could be US$9.0 trillion in terms of output (GDP). This amount is equivalent to the combined economies of Japan and Germany, the world's third and fourth largest economies respectively. There are even more pessimistic scenarios. If the pandemic is more protracted and continues into 2021, it could reduce the level of global GDP (gross domestic product) by 8.0 per cent compared with the baseline scenario.

Strength

The market demand of Polarized Imaging Camera industry is growing, and enterprises may make profits by joining this industry.
Continuous innovation of Polarized Imaging Camera products.

Weakness

For new companies, long-term system improvement is needed.
New entrants are at a disadvantage in terms of price, channel and brand awareness.

Threat

Alternative threats from other imaging cameras.
The industry is highly competitive and has no industry advantage, so it is easy to be eliminated.

Opportunity

Development of sensor industry.
Development of production technology.

Region Overview:

From 2023-2028, North America is estimated to witness robust growth prospects.

Company Overview:

Allied Vision is one of the major players operating in the Polarized Imaging Camera market, holding a share of 6.77% in 2020.

Segmentation Overview:

Among different product types, Monochrome Camera segment is anticipated to contribute the largest market share in 2028.

Application Overview:

By application, the Industrial Inspection segment occupied the biggest share from 2018 to 2022.

Key Companies in the global Polarized Imaging Camera market covered in Chapter 3:

Pixelink
Allied Vision
Hikvision
Sony
JAI A/S
Baumer
LUCID Vision Labs
FLIR Systems
Daheng Imaging
Teledyne DALSA

In Chapter 4 and Chapter 14.2, on the basis of types, the Polarized Imaging Camera market from 2018 to 2029 is primarily split into:

Monochrome Camera
Color Camera

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Polarized Imaging Camera market from 2018 to 2029 covers:

Industrial Inspection
Traffic Enforcement
Surveillance
Others

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)