3D Camera Market Outlook 2031
The global 3D camera market size was USD 2.99 Billion in 2022 and is anticipated to reach USD 15.78 Billion by 2031 expand at a CAGR of 20.3% during the forecast period, 2023-2031. The growth of the market is attributed to increasing adoption of the product in the entertainment industry coupled with advancements in 3D camera technology.
3D cameras utilize stereoscopic imaging technology to capture 3D images or videos. This imaging technology captures the images and then renders them in three-dimensional form. The image is produced by conjoining the same image. During the process of conjoining, the images are offset by some inches to create an in-depth experience. Some of the industry players uses two or three lens to capture image at different points, while some of them use single lens.
Growing demand for technologies such as augmented reality, robotics, and automated cars has increased the scope of 3D camera applications across the globe. The behemoths of tech industry such as Google, Microsoft, and Apple are heavily investing in 3D camera technologies, which is anticipated to drive the 3D camera market.
3D Camera Market Trends, Drivers, Restraints, and Opportunities
- Surging demand for 3D cameras in the entertainment industry is driving the growth of the market. For instance, the growing preference for 3D films is encouraging cinematographers to adopt 3D cameras.
- Increasing adoption of 3D imaging in home automation, virtual reality, robotics, and video surveillance is expected to spur the market growth.
- Rising demand for 3D scanning in the healthcare sector is speculated to boost the market growth.
- Lack of awareness and difficulty in understanding the mechanism among consumers’ act can restraint the growth of the market.
- Growing scope of 3D applications in home security, military, and industrial sectors is expected to drive the market growth.
- Increasing demand for 3D content in the gaming and entertainment industries is anticipated to positively influence the market growth.
- The emergence of 3D technology enabled devices is speculated to drive the growth of the market.
- Rising demand for advanced cameras, integrated with latest technologies, which provide improved picture and video quality by sensing movements, is fostering the growth of the market.
Scope of 3D Camera Market Report
The report on the global 3D camera market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
Attributes
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Details
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Report Title
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3D Camera Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast
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Base Year
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2022
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Historic Data
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2016–2021
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Forecast Period
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2023–2031
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Segmentation
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Technologies (Stereo Vision, Time of Flight, and Structured Light), Applications (Professional Cameras, Smartphones and Tablets, Computers, and Others)
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Regional Scope
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Asia Pacific, North America, Latin America, Europe, and Middle East & Africa
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Report Coverage
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Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
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Key Players Covered in the Report
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Cannon, Fujifilm, Nikon, GoPro Inc., Eastman Kodak Co, Panasonic Corporation, Sony Corporation, LG Electronics, Samsung Electronics Corp., Huawei Technology Co., and Faro Technologies Inc.
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Global 3D Camera Market Segment Insights
Time of flight segment accounts a significant market share
On the basis of technologies, the market is divided into stereo vision, time of flight, and structured light. The stereo vision segment is anticipated to expand at a CAGR of 35% during the forecast period. Stereo vision enabled 3D cameras are growing in demand owing to their inexpensive nature and are easy to design. This, in turn, has increased its scope of applications. For instance, these cameras are used for range imaging, stereo views, and production of 3D films and photography.
The time of flight segment is anticipated to account for a significant market share during forecast period. Increasing application of this technology in smartphones, drones, healthcare, industrial, and automotive industry is driving the growth of the market segment. the market of the products has been increasing day by day. This technology is highly utilized in the automotive and industrial sectors to assure safety. This is done by recognizing moments and gestures and providing alerts with real time updates.
Professional cameras segment anticipated to dominate the market
In terms of applications, the market is divided into professional cameras, smartphones and tablets, computers, and others. The smartphones and tablets segment is expected to register a robust CAGR of 37% during the forecast period. Millennials prefer smartphones that exhibit properties such as high performance, HD clarity, and real-time sensing. Companies are working on integrating smartphone with 3D camera that have features such as 3D scanning, modelling, and depth sensing.
Thus, growing penetration of smartphones and tablets is anticipated to spur the segment growth. The professional cameras segment is anticipated to continue its dominance during the forecast period. Stereoscopic cameras are used for shooting 3D films. Most of the cinematographers prefer professional 3D cameras instead of CGI to save cost and time.
The market in Asia Pacific anticipated to exhibit a high CaGR
Based on the regions, the market is divided into Asia Pacific, North America, Latin America, Europe and Middle East & Africa. The market in Asia Pacific is anticipated to expand at a healthy CAGR of 40% during forecast period. Increasing penetration of smartphones, growing demand for 3D cameras in the entertainment industry, and rising disposable income are driving the growth of the market in the region.
North America is anticipated to account for a significant market share owing to the rising adoption of the 3D camera products in military application. Growing consumer preference for 3D films and heavy investment of producers in the making of films are spurring the regional market growth.
Segments
The global 3D camera market has been segmented on the basis of
Technologies
- Stereo Vision
- Time of Flight
- Structured Light
Applications
- Professional Cameras
- Smartphone and Tablets
- Computers
- Others
Regions
- Asia Pacific
- North America
- Latin America
- Europe
- Middle East & Africa
Key Players
Competitive Landscape
Major players of the global 3D camera market are Cannon, Fujifilm, Nikon, GoPro Inc., Eastman Kodak Co, Panasonic Corporation, Sony Corporation, LG Electronics, Samsung Electronics Corp., Huawei Technology Co., and Faro Technologies Inc.
Companies are engaging in partnerships, collaborations, and mergers to expand their market share. Moreover, they’re focusing on expanding their product portfolio to expand their market share. For instance, In December 2018, Bloomberg reported that Huawei Technologies is planning to unveil a phone with a 3D image capturing technology.