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3D Camera Market Size Worth $16.41 Billion By 2025 | CAGR: 35.8%
The global 3D camera market is expected to reach USD 16.41 billion by 2025, according
to a new report by Grand View Research, Inc. It is anticipated to expand at a CAGR of
35.8% during the forecast period. The growth is attributed to increasing product
adoption in the entertainment industry coupled with advancements in 3D technology.
Rising demand for 3D content in entertainment segment and related equipment is
anticipated to further fuel the product demand.
Growing scope of 3D imaging in home automation, virtual reality, robotics and video
surveillance, 3D modelling, and 3D scanning is expected to boost the market growth over
the forecast period. Growing application of surveillance in home security, military, and
industrial sector is driving the demand for 3D camera across the globe. Increasing
demand for 3D content in gaming and entertainment industry coupled with increasing
penetration of 3D technology-enabled devices such as smartphones, tablets, and TVs is
boosting the product demand.
Technology giants such as Google, Microsoft, and Apple are investing millions of dollars
to increase the efficiency of hardware to identify the depth and distance of objects.
Accurate depth and distance recognition is essential in technologies such as augmented
reality, robotics, and automated cars; making 3D camera the most suitable equipment.
Despite the wide application across various industries, price higher than traditional 2D
and digital cameras is expected to hinder growth of the 3D camera market.
By Technology, the 3D camera market is segmented into stereo vision, time of flight, and
structured light. Stereo vision 3D camera held the largest market share in 2018 and is
expected to expand at a CAGR of 35.7% over the forecasted period. Easy handling
coupled with low price make 3D cameras more popular among consumers. They also
exhibit adjustable range making them more suitable for applications such as 3D movies
and photos, range images, and stereo views. Time of flight 3D cameras is projected to
expand at the fastest CAGR owing to wide product application in smartphones, drones,
healthcare, industrial, automotive, and other industries. Resistance to ambient time and
use of a single viewpoint to calculate depth makes it robust to occlusions and shadows
and preservation of sharp depth edges.
Asia Pacific held the largest market share of approximately 35.0% in 2018 and is
expected to exhibit the fastest CAGR of 39.3% over the forecast period. The growth is
attributed to several factors such as increasing penetration of smartphones, growth of
the entertainment industry, rising disposable income coupled with low ownership of
cameras among consumers. In Asia Pacific, smartphone and tablet segment is expected to
expand at a CAGR of 40.8% over the forecasted period.
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https://www.grandviewresearch.com/industry-analysis/3d-camera-market
Further key findings from the report suggest:
•
Time of flight 3D camera is expected to register the fastest CAGR over the
forecast period, owing to resistance of the technology to ambient time and
use of a single viewpoint to calculate depth that makes it robust to
occlusions and shadows and preservation of sharp depth edges
•
Asia Pacific holds the largest market share and is expected to expand at the
highest CAGR over the forecast period owing to increasing penetration of
smartphones, enhancing entertainment industry, and increasing disposable
income
•
Some of the key players operating in the global 3D camera market include
Cannon; Fujifilm; Nikon; GoPro Inc.; Eastman Kodak Co; Panasonic
Corporation; and Sony Corporation
Grand View Research has segmented the global 3D camera market on the basis of
technology, application, and region:
3D Camera Technology Outlook (Revenue, USD Million, 2015 - 2025)
• Stereo Vision
•
Time of Flight
•
Structured Light
3D Camera Application Outlook (Revenue, USD Million, 2015 - 2025)
• Professional Camera
•
Smartphone and Tablets
•
Computer
•
Others
3D Camera Regional Outlook (Revenue, USD Million, 2015 - 2025)
• North America
•
o
U.S.
o
Germany
o
U.K.
Europe
•
•
Asia Pacific
o
China
o
Japan
o
India
Central & South America
o
•
Brazil
Middle East & Africa
About Grand View Research
Grand View Research provides syndicated as well as customized research reports and
consulting services on 46 industries across 25 major countries worldwide. This U.S.-based
market research and consulting company is registered in California and headquartered in San
Francisco. Comprising over 425 analysts and consultants, the company adds 1200+ market
research reports to its extensive database each year. Supported by an interactive market
intelligence platform, the team at Grand View Research guides Fortune 500 companies and
prominent academic institutes in comprehending the global and regional business
environment and carefully identifying future opportunities