According to our recent research report, the overall size of the 3D camera market was at 1.99 billion USD in 2018, which is expected to grow at a CAGR of 35.8% from 2018 to 2025.
The growth of the target market is due to the increasing adoption of the product in the enter-tainment industry and the advancements in 3D technology. Also, the rising demand for the 3D content in the entertainment industry is estimated to further fuel the market.
And increasing investments to increase the efficiency of hardware to identify the depth and dis-tance of objects by the major companies like Microsoft, Google, and Apple coupled with the advancements in technologies such as augmented reality, robotics, and automated cars, widen-ing the scope of application for 3D cameras fuels the growth of the market during the forecast period.
Recent developments
• Sony Electronics has announced that it has joined with the Logitech Collaboration Program through which its BRAVIA 4K Professional Displays are combined with Logitech Room Solutions for Zoom Rooms, Microsoft Teams, and Google Meet.
• Nikon Corporation has announced that they are going to release the Nikon D6 FX-format digi-tal SLR camera which is a new flagship model that responds to the needs of professional sports photographers and photojournalists.
Market drivers and restraints
Rising scope of the 3D imaging in robotics, virtual reality, video surveillance, and home automa-tion and the demand for generating 3D models of an object and surrounding due to the ease of usage and accuracy are surging the growth of the 3D camera market.
Increasing applications in the surveillance for the military, home security, & industrial sectors coupled with 'rising popularity of 3D movies which is directly driving the demand for profes-sional cameras for shooting the content are boosting the adoption of the 3D cameras globally. And the rising trends of 3D content in the entertainment and gaming industries and the in-creasing penetration of the 3D technology-enabled devices like tablets, smartphones, and TVs.
However, the wide application across various industries, high price compared to the traditional 2D and digital cameras and the lack of awareness & difficulty in understanding the mechanism of them among the consumers are the significant challenges that are hampering the 3D camera market.
But the rising investments by the big companies in their R&D of this 3D camera, to make it fea-sible and cost-effective are expected to create lucrative opportunities for the development of the target market.
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Report Segmented as
3d Camera Market: By Technology
• Time of Flight
• Stereo Vision
• Structured Light Imaging
3d Camera Market: By Type
• Free Camera
• Target Camera
3d Camera Market: By Application
• Professional Camera
• Smartphone
• Tablets
• Computer
• Others (Home automation, Mobile robots, iPad and Notebook)
Geographical Analysis
• North America
• Europe
• Asia-Pacific
• South America
• Middle East & Africa
In the regional analysis, Asia Pacific held the largest market share of around 35.0% and it is estimated to exhibit a high CAGR of 39.3% during the forecast period. The growth of the 3D camera market in this region is attributed to several factors like increasing penetration of smartphones, growth of the entertainment industry, low ownership of cameras among consumers and the rising disposable income. In the Asia Pacific region, the smartphone and tablet segment is expected to expand at a CAGR of 40.8% during the forecasted period.
Key market players
• Nikon Corporation
• Go Pro Inc.
• Sony Corporation
• Samsung Electronics Co. Ltd.
• Canon Inc.
• Panasonic Corporation
• Fujifilm Holdings Corporation
• Faro Technologies Inc.
• LG Electronics Inc.
• Eastman Kodak Company
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