3D Camera Market to Grow at 33.3% CAGR by 2030
Constant development in technology & infrastructure followed by increase in entertainment industry as well as surge in automation are expected to drive the growth of 3D camera industry during the forecast period of 2020-2030.
The 3D Camera Market is expected to grow at the CAGR of 33.3% from 2020-2030, according to a new research report by Next Move Strategy Consulting.
3D camera is an imaging device which captures the image which is visible to human eyes and makes it more realistic as compared to 2D image. These cameras works on the depth sensing technology which involves the use of sensors to further differentiate objects to provide a 3D image. These cameras consist of two lenses to enhance the quality of image and give more realistic look to the image.
According to the report, constant development of technology with the use of advanced equipments followed by the presence of developed infrastructure is the primary factors driving the market growth. In addition, there has been surge in the adoption of automation in different industries along with the development of entertainment industry. In the developing economies, there has been tremendous growth in the demand of HD videos, 3D content, gaming & many more. Moreover, growing use of augmented and virtual reality to get the better understanding about models, machines & others mainly in construction, mining and others proved to be helpful in market growth. Constant development in the market support by innovation and growing investments in the market tend to bring change in market trends over the forecast period.
However, high cost of the 3D camera followed by the lack of public awareness is likely to impede the market growth over the forecast period. On the contrary, increased penetration of 3D devices for better customer experience and wide applications is anticipated to provide numerous opportunities to the market in the coming few years.
On the basis of types, the 3D camera market share is segmented into Target Camera and Target-free Camera. Target-free Camera holds the major market share also dominates the global 3d camera market and will be the dominant during the forecasted period.
On the basis of technology, the 3D camera market is categorised into Time-of-flight, Stereo Vision, and Structured Light. Stereo Vision is expected to lead the market growth supported by the rapid growth at significant CAGR to maintain the led in 2030.
On the basis of application, the 3D camera market is categorized into Professional Camera, Smartphone, Tablet, Computer, and Others. Smartphone segment is expected to register the significant growth over the forecast period.
North America is likely to account for the highest market size & share of the 3D camera market in the forecast period 2020–2030 owing to the huge demand for the 3D camera, rising demand from the entertainment industry with wide applications. Europe accounts for the second leading position in the 3D camera market size. Asia Pacific is expected to be the fastest developing region in the 3D camera market which is majorly driven by the growing use of augmented & virtual reality along with surge in the adoption of 3D camera in different industries along with growing automation.
According to the report, some the key players in the 3D camera market are Nikon, Panasonic, Go pro, LG electronics Corp, Fujifilm Corp, Sony, Samsung Electronics Corp, Faro Technologies and Intel Corporation.
Browse key industry insights from the report at https://www.nextmsc.com/report/3d-camera-market in detail along with the table of contents:
Key Insights from the 3D Camera Market Report:
- Asia Pacific is the fastest growing 3D Camera market owing to the rising demand for the 3D camera from entertainment industry along with wide applications followed by technological advancement & development of infrastructure.
- The smartphone application dominates the segment and is expected to grow at significant CAGR to maintain the led in 2030.
- Some of the major players in the market are Nikon, Panasonic, Go pro, LG electronics Corp, Fujifilm Corp, Sony, Samsung Electronics Corp, Faro Technologies and Intel Corporation.
The report 3D Camera market – segmented by type, application, technology and geography
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