December 5, 2019

3D Camera Market to expand at a healthy 36.3% CAGR from 2020 to 2030

The Global 3D Camera Market size is estimated to be USD 2.61 billion in 2019 and is predicted to reach USD 78.72 billion by 2030 with a CAGR of 36.3% from 2020-2030. 3D Camera is an imaging device which represents the same image visible by human eyes. These cameras consist of two lenses and helps in the capturing of 3D image which overall enhance the quality of visual effects of an image and makes it look more realistic. It works on the principle of depth sensing technology which involves the use of sensors which measures the difference between object and sensors and helps in creating 3D image of an object.

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There have been various developments taken place over the past few years with respect to technology and infrastructure which has increased the adoption of 3D cameras on a large scale. Furthermore, increased use of 3D technology coupled with increase in entertainment industry is expected to enhance the market growth.

Other factors include increase in 3D scanning technology, increased use of augmented and virtual reality coupled with increasing automation are further expected to fuel the market growth. However, high cost of 3D cameras and lack of awareness among people are expected to inhibit the growth of 3D camera market. Moreover, innovation coupled with increased penetration of 3d devices over the foreacst period is expected to create ample opportunities in the 3D camera market.

Market Segmentations and Scope of the Study:

The global 3D camera market share is analyzed on the basis of technology, type, application and geography. On the basis of technology, the market is segmented into Time-of-flight, Stereo Vision, and Structured Light. On the basis of type, the market is divided into Target Camera and Target-free Camera. On the basis of application, the market is divided into Professional Camera, Smartphone, Tablet, Computer, and Others. Geographic breakdown and analysis of each of the aforesaid segments includes regions comprising North America, Europe, Asia-Pacific, and RoW.

Geographical Analysis

North America is expected to hold the major market share over the forecast period owing to the technological advancement coupled with the presence of developed infrastructure. Furthermore, increase awareness with increased penetration of 3d technology on a large scale further expected to accelerate the growth of 3D Camera market over the forecast period.

Asia Pacific is expected to show tremendous growth with considerable increase in market share owing to the increase in entertainment industry with increase adoption of 3D technology are increase in augmented and virtual reality. Moreover, increased use of sensor is also expected to fuel the market growth.

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The 3D camera market, which is highly competitive, consists of various market players. Some of the major market players include Nikon, Panasonic, Go pro, LG electronics Corp, Fujifilm Corp, Sony, Samsung Electronics Corp, Faro Technologies and Intel Corporation among others.

Over the period of time there have been various developments taken place in the past and will further takes place in near future which contributes the overall market growth. For instance, in February 2019, the Sony Corporation, one of the major manufacturers of cameras is developing DepthSense 3D Camera Tech which displays how these cameras will assist as well as improve the Augmented Reality. IT is also expected to be used in upcoming smartphones.