3D Camera Market Is Projected to Gain $142.03 Billion by 2030, at a Compound Annual Growth Rate (CAGR) of 31.9%: Allied Market Research
The global 3D camera market is experiencing rapid growth, owing to factors such as an increase in demand for 3D content from the entertainment industry, the improvement of 3D scanning generation, and better consumer experience & preferences.
Wilmington, Delaware , Nov. 08, 2023 (GLOBE NEWSWIRE) — Allied Market Research published a report, titled, “3D Camera Market by Technology (Structured Light, Stereo Vision, and Time-of-flight), by Type (Target-free Camera and Target Camera), and by Application (Smartphone, Computer, Professional Camera, Tablet, and Others): Global Opportunity Analysis and Industry Forecast, 2021-2030.” According to the report, the global 3D camera industry is expected to be endorsed at $142.03 billion by 2030, having witnessed a value of $8.89 billion in 2020, exhibiting a remarkable CAGR of 31.9% from 2021 to 2030.
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- 119 – Tables
- 78 – Charts
- 267 – Pages
Prime Factors Influencing the Market Growth:
The global 3D camera market is experiencing rapid growth, owing to factors such as an increase in demand for 3D content from the entertainment industry, the improvement of 3D scanning generation, and better consumer experience & preferences. However, the price-based constraints and technological restrictions on the capturing of images or videos limit market growth to some extent. On the other hand, the increasing trend towards home automation is expected to create lucrative opportunities for the market in the coming years.
Report Coverage & Details:
|Market Size in 2020||$8.89 billion|
|Market Size in 2030||$142.03 billion|
|No. of Pages in Report||267|
|Segments covered||Technology, Type, Application, and Region.|
|Drivers||Growth in demand for 3D content from the entertainment industry. Enhancement in 3D scanning technology. Improved user taste & preferences.|
|Opportunities||Expected rise in home automation applications. Virtual reality applications|
|Restraints||Price based constraints Lack of awareness|
The target-free camera segment to maintain its lead position during the forecast period-
By type, the target-free camera segment dominates the major market share in 2020, acquiring around three-fifths of the global 3D camera industry revenue, and is expected to continue its lead position during the forecast timeframe. The growth is attributed to the characteristics of target-free focused 3D cameras, such as simplicity and user-friendliness. On the other hand, the target camera segment would showcase the highest CAGR of 32.7% from 2021 to 2030. The growth is attributed to the increasing need for real-time monitoring systems to capture accurate data and monitor multiple objects.
The stereo vision segment to retain its lion’s share during the forecast timeframe–
By technology, the stereo vision segment held the largest market share in 2020, accounting for around three-fifths of the global 3D camera market revenue, and is predicted to retain its lion’s share during the forecast timeframe. This is because it is cost-effective in comparison to structured light and TOF technologies. However, the structured light segment is expected to register the fastest CAGR of 33.3% from 2021 to 2030. This is due to a rise in demand for metrology, reverse engineering, and inspections.
North America to maintain its dominance in 2020-
By region, North America accounted for a significant market share in 2020, holding around two-fifths of the global 3D camera market revenue. This is due to the fact that in North America, 3D target cameras are mainly used for military applications. Moreover, the Asia-Pacific region would show the fastest CAGR of 35.5% from 2021 to 2030. This is largely due to the presence of many prominent companies in Asia, including Japan, Malaysia, and Taiwan, that are offering a wide selection of 3D cameras to the region. Professional 3D cameras are becoming increasingly popular in several areas, including entertainment, video games, digital devices, and surveillance.
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Industry Leading Players: –
- Intel Corporation
- Fujifilm Holdings Corporation
- Panasonic Corporation
- Canon Inc.
- Faro Technologies Inc.
- GoPro Inc.
- Samsung Electronics Co. Ltd.
- LG Electronics Inc.
- Nikon Corporation
The report offers an in-depth evaluation of the prominent players in the global 3D camera market. They have adopted various strategies to expand their presence in the market, such as mergers & acquisitions, novel technological advancements, product launches, and partnerships. The report provides insights into the business performance of each market player, the operating segments they are active in, the product portfolio they have developed, and the trends they confront.
Key Benefits for Stakeholders:
- This study comprises analytical depiction of the global 3D camera market analysis along with the current trends and future estimations to depict the imminent investment pockets.
- The overall market analysis is determined to understand the profitable 3D camera market trends to gain a stronger foothold.
- The report presents information related to key drivers, restraints, and opportunities with a detailed impact analysis.
- The 3D camera market forecast is quantitatively analyzed from 2021 to 2030 to benchmark the financial competency.
- Porter’s five forces analysis illustrates the potency of the buyers and suppliers in the 3D camera industry.
- The report includes the 3D camera market share of key vendors and market trends.
3D Camera Market Key Segments:
- Target Camera
- Target-free Camera
- Stereo Vision
- Structured Light
- Professional Cameras
- North America (U.S., Mexico, Canada)
- Europe (UK, Germany, France, Russia, Rest of Europe)
- Asia-Pacific (China, India, Japan, Australia, Rest of Asia-Pacific)
- LAMEA (Latin America, Middle East, Africa)
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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports Insights” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
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