3D Camera Market Outlook – 2030
The global 3D camera market size was valued at $8.89 billion in 2020, and is projected to reach $142.03 billion by 2030, growing at a CAGR of 31.9% from 2021 to 2030.
3D camera is the imaging device, which replicates the image same as it is experienced via human binocular vision. In general, the device comprises of two lenses. 3D camera captures three-dimensional images, which enhances the overall quality of the visuals.
The global 3D camera market revenue is anticipated to witness significant growth during the forecast period. This is attributed to factors such as increase in demand for 3D content from the entertainment industry, enhancement in 3D scanning technology, and improved user taste & preferences. However, despite such advantages, price-based constraints and lack of awareness are major restraints to the global market. In future, expected rise in home automation applications, virtual reality applications, and automated operations in industries are predicted to create lucrative opportunities for key players operating in the 3D camera market.
Segment Overview
The 3D camera market is segmented on the basis of technology, type, application, and region. The technology segment includes time-of-flight, stereo vision, and structured light. The type segment includes target camera and target-free camera. The target-free cameras are expected to witness increase in adoption in the near future, owing to the rise in demand in applications such as smartphones, tablets, and computers. The camera manufacturers extensively use stereo vision technology owing to the simplicity in its implementation as compared to other technologies.
The application segment consists of professional cameras, smartphones, tablets, computers, and others. In order to gain diverse insights globally, the market is analyzed as per different geographies such as North America, Europe, Asia-Pacific, and LAMEA.
Top Impacting Factors
The significant impacting factors in the 3D camera market include increase in demand for 3D content from the entertainment industry and enhancement in 3D scanning technology, which impact the growth of the market. However, price-based constraints and lack of awareness are expected to hinder the 3D camera market growth. Conversely, rise in home automation and virtual reality applications are projected to offer remunerative 3D camera market opportunities. Each of these factors are anticipated to have a definite impact on the market during the forecast period.
COVID-19 Impact Analysis
The outbreak of COVID-19 has significantly affected the electronics and semiconductor sectors. Businesses and manufacturing units across various countries were closed, owing to increase in number of COVID-19 cases, and were estimated to remain closed in 2021. Furthermore, partial or complete lockdown has disrupted global supply chains, posing challenges for manufactures to reach customers.
By Technology
Stereo Vision segment is expected to secure leading position during forecast period.
The COVID-19 pandemic is impacting the society and overall economy across the globe. The impact of this outbreak grows day-by-day, affecting the overall business globally. The crisis is creating uncertainty in the stock market, falling business confidence, massive slowing of supply chain, and increasing panic among customer segments.
Asian and European countries under lockdowns have suffered major loss of business and revenue due to the shutdown of manufacturing units. The operations of the production and manufacturing industries are heavily impacted by the outbreak of the COVID-19 pandemic, which negatively impact the growth of the 3D camera market.
By Application
Professional Camera segment is projected as one of the most lucrative segments.
The COVID-19 pandemic has impacted the electronics sector, as the production facility halted, which, in turn, resulted in significant demand for electronics and semiconductor products in industries. Its major impacts include large-scale manufacturing interruption across Europe and interruption in Chinese parts exports, which are expected to hinder the 3D camera market.
Competitive Analysis
The key players profiled in the report include Canon Inc., Faro Technologies Inc., Fujifilm Holdings Corporation, GoPro Inc., Intel Corporation, LG Electronics Inc., Nikon Corporation, Panasonic Corporation, Samsung Electronics Co. Ltd., and Sony Corporation. These key players have adopted strategies, such as product portfolio expansion, mergers & acquisitions, agreements, geographical expansion, and collaborations to enhance their position in the 3D camera market.
By Region
Asia-Pacific would exhibit the highest CAGR of 35.5% during 2021-2030
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 Report Highlights
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Analyst Review
The 3D camera market holds high potential for the imaging industry. At present, there is an increase in demand for 3D cameras from developing countries such as China, India, and others. Companies in this industry adopt various innovative techniques to provide customers with advanced and innovative product offerings.
Growth in demand for 3D content from the entertainment industry, enhancement in 3D scanning technology, and improved user taste & preferences majorly drive the market. However, the price-based constraints and lack of awareness impede the growth of the market. In the near future, expected rise in home automation applications, virtual reality applications, and automated operations in industries are expected to create lucrative opportunities for the key players operating in the 3D camera market.
The 3D camera market offers substantial scope for growth during the forecast period. The market, which is in its nascent stage, is projected to grow significantly over the next seven years. In addition to capturing background details for movies and games, 3D cameras make considerable value additions to the end-deliverable. 3D cameras attain higher efficiency in gesture recognition owing to equipment monitoring, which functions on 3D technology. 3D scanning technological advancements supplement 3D camera product enhancement.
Among the analyzed geographical regions, Asia-Pacific is expected to account for the highest revenue in the global market in 2020 followed by North America, Europe, and LAMEA. However, LAMEA is expected to grow at a higher growth rate, predicting a lucrative market growth for 3D cameras.
Nikon, Samsung, Sony, Panasonic, Faro Technologies, Fujifilm Corp, Go Pro, Intel Corporation, LG electronics Corp, and Samsung Electronics Corp are the key market players that occupy a significant revenue share in the 3D camera market.
The 3D camera market is estimated to grow at a CAGR of 31.9% from 2021 to 2030.
The 3D camera market is projected to reach $142.03 billion by 2030.
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Increase in demand for 3D content from the entertainment industry, enhancement in 3D scanning technology, and improved user taste & preferences.
The key players profiled in the report include Canon Inc., Faro Technologies Inc., Fujifilm Holdings Corporation, GoPro Inc., Intel Corporation, and many more.
On the basis of top growing big corporations, we select top 10 players.
The 3D camera market is segmented on the basis of technology, type, application, and region.
The key growth strategies of 3D camera market players include product portfolio expansion, mergers & acquisitions, agreements, geographical expansion, and collaborations.
Structured Light segment would grow at a highest CAGR of 33.3% during the forecast period.
Asia-Pacific region will dominate the market by the end of 2030.
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