3D Camera Market

Global 3D Camera Market Size (2023 to 2028)

The global 3D camera market size is expected to be valued at 3.67 billion USD in 2023. It is expected to grow at a CAGR of 35.8% during the forecast period and reach a value of 16.95 billion USD by 2028.

The advancements in 3D technology and rapid adoption of 3D cameras in the entertainment industry are majorly driving the demand for these products and contributing to the global market growth. As demand for 3D content increases in the entertainment sector and related equipment, demand is expected to increase even more. The demand for 3D cameras increases as the range of images increases in home automation, virtual reality, robotics, and video surveillance.

Ease of use and accuracy have increased the need to create 3D models of objects and their environment. Demand for 3D scanning increases the expectation that market growth will accelerate during the forecast period. It is likely that the growing surveillance application in the domestic, military and industrial sectors will accelerate the adoption of these cameras around the world. As the rate of penetration of devices compatible with 3D technology such as smartphones, tablets, and televisions, increases, their demand in the gaming industry and entertainment increases.

However, the companies invest in R&D to make the technology feasible and profitable in the 3D camera market. For example, Lucid Cram, based in California, USA, launched Lucid Cam, a stereo-steric camera that supports a 180-degree wide-angle lens that approaches the average distance between human eyes to reproduce depth.

Despite its wide application in several industries, it is expected that higher prices will hinder market growth compared to digital 2D and digital cameras. In addition, the lack of awareness and understanding of the mechanisms between consumers can be used to inhibit growth.

REPORT COVERAGE:

This research report on the global 3D camera market has been segmented and sub-segmented into the following categories.

Global 3D Camera Market - By Technology:

• Time-of-flight
• Stereo Vision
• Structured Light

In the technological segmentation, the stereo vision segment is anticipated to register a CAGR of 35.7% during the forecast period because of its growth factors like enabling cameras to design efficiently and are available at a low price.

Global 3D Camera Market - By Type:

• Target Camera
• Target-free Camera

Global 3D Camera Market - By Application:

• Professional Camera
• Smartphone
• Tablet
• Computer
• Others

In the application segmentation of the global 3D camera market, the professional camera is expected to acquire a significant share of the market during the forecast period. The growth of this segment is attributed to the rising demand for 3D films, such as 3D professional cameras to shoot live-action films. Also, the usage of professional 3D cameras over expensive CGI to save both time and production costs propels the market segment.

The smartphone and tablet segments are going to register a high CAGR due to the rise in demand for advanced cameras enabled by emerging technologies that provide enhanced picture and video quality by sensing the movements. Also, properties like HD clarity, high performance, and real-time sensing are making young consumers attracted to them. For example, Google has started a project called Tango to enable smartphones with 3D cameras to have several features like 3D scanning, modeling, and depth sensing.

Global 3D Camera Market - By Region:

• North America
• Europe
• Asia-Pacific
• Latin America
• Middle East and Africa

The Asia-Pacific region has the largest market share in 2018 and is expected to expand at a CAGR of more than 39.3% during the forecast period due to factors such as the increase in smartphone penetration, improved entertainment industry, increased revenue available and reduced camera ownership. It is expected that the smartphone and tablet 3D camera in the region will extend to a CAGR of 40.8% during the forecast period. It is expected that the US market will see growth as the adoption of military applications increases. The widespread adoption of professional cameras can be due to the growing popularity of 3D movies and the presence of a huge cinematographic industry in the region.

KEY MARKET PLAYERS:

Go Pro, Nikon, Sony Corp, Panasonic Corp, Kodak, Canon, LG Electronics Inc., Fujifilm Corp, Samsung Electronics Corp and I Faro Technologies.