USD 13.9 billion
Report ID: SQSG45J2017 | Region: Global | Published Date: October, 2022 | Pages: 165 | Tables: 65 | Figures: 75
3D Camera Market size was valued at USD 13.9 billion in 2021 and is poised to grow from USD 18.08 billion in 2022 to USD 148.06 billion by 2030, growing at a CAGR of 30.06% in the forecast period (2023-2030).
A 3D camera is an image tool that has two lenses. It accurately reproduces the image as seen through human binocular vision. Three-dimensional photos are captured by 3D cameras, improving the overall quality of the images. It enables photographers to take pictures that give the appearance of depth in 2D photos, enhancing the image's aesthetic value.
Since 3D movies allow viewers to immerse themselves in the action on-screen much more organically than with 2D footage, 3D technology in video cameras is not a unique idea. Instead of using just one lens, as is the case with the present paradigm of cameras, stereo 3D cameras use two. The growing use of surveillance in the industrial, military, and home security sectors will promote the use of 3D cameras.
The key driver of the global 3D camera market is the entertainment sector's growing demand for and popularity of 3D content. The need for 3D cameras is also being driven by the expanding applications of 3D imaging in home automation, virtual reality, robotics, and video surveillance. Major reasons boosting the demand for 3D cameras include the rising popularity of 3D TVs and the comparatively simple integration of 3D cameras into smartphones. Many amateur photographers are starting to switch from huge, pricey SLR cameras to mobile phones since it's more convenient to carry a smartphone with a high-tech camera. The key driver of the global market for 3D cameras is the growing popularity of 3D media. The captivating quality of 3D photography is getting more and more financially beneficial in the contemporary industry, and numerous publications are attempting to increase their user reach by utilizing 3D photography. This could significantly increase the need for 3D cameras in the upcoming years.
US 3D Camera Market is poised to grow at a sustainable CAGR for the next forecast year.
Global Market Size
USD 13.9 billion
Smartphone and Tablets
Smartphone and Tablets
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3D Camera Market has been segmented based on technological insight, application, and region. Based on technological insight, the 3D Camera Market is segmented into stereo vision, time of flight, and structured light. Based on the application, the 3D Camera Market is segmented into a professional camera, smartphones and tablets, computers, and others. Based on region, the 3d camera market is segmented into North America, Europe, Asia-Pacific, South America, and MEA.
3D Camera Market Analysis by Technological Insight
Over the forecast period, stereo vision is expected to maintain its market-leading position in 3D cameras. Over the anticipated period, the market is projected to grow at a CAGR of 35.7%. These technologically advanced cameras are inexpensive and simple to design. Additionally, they have a changeable range, which makes them better suited for uses like 3D movies and photography, range imaging, and stereo views.
Time of flight is anticipated to have the fastest CAGR over the anticipated period due to the widespread use of the technology in a variety of industries, including smartphones, drones, healthcare, industrial, and automotive. The method is resistant to ambient time, uses a single viewpoint to calculate depth, is robust to occlusions and shadows, and maintains sharp depth boundaries.
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Asia Pacific held the biggest market share due to several factors, including rising smartphone penetration, an expanding entertainment sector, rising disposable income, and low camera ownership, and is predicted to grow at the fastest CAGR of 39.3 % over the projection period. The region's smartphone and tablet market is anticipated to grow at a CAGR of 40.8 percent during the forecast period.
As the product is increasingly used in military applications, growth in the North American market is predicted. The widespread use of professional cameras can be ascribed to the increasing appeal of 3D films and the presence of a sizable film industry in the region.
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3D Camera Market Driver
3D Camera Market Restraint
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Numerous industry participants compete in the fiercely competitive 3D camera market. In the past and the near future, there have been several advancements that have contributed to the expansion of the market as a whole. For instance, in February 2019, the Sony Corporation, one of the leading camera manufacturers, announced the development of Depth Sense 3D Camera Tech, demonstrating how these cameras will support and enhance augmented reality. Future cellphones are also anticipated to utilize them thus driving the market.
Top Players in the Global 3d Camera Market
3D Camera Market Recent Development
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected using Primary Exploratory Research backed by robust Secondary Desk research.
According to our analysis, by technological insight, the stereo vision segment dominated the global 3d camera market in 2021 and is anticipated to maintain its dominance throughout the forecast period. In 2021, Asia Pacific dominated the global 3d camera market owing to the region's rising smartphone penetration, an expanding entertainment sector, rising disposable income, and low camera ownership.
|Market size value in 2021||USD 13.9 billion|
|Market size value in 2030||USD 18.08 billion|
|Forecast Unit (Value)||USD Billion|
|Regions covered||North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA)|
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Parent Market Analysis
KEY MARKET INSIGHTS
MARKET DYNAMICS & OUTLOOK
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For the Global 3D Camera Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Global 3D Camera Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
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