3D Camera Market Set to Witness an Uptick during 2019 to 2025

Posted by Mrudula Anil Karmarkar on February 2nd, 2022

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.

Covid 19\'s rapid development worldwide has led to serious implications for most suppliers of electronics and electrical products, in the form of supply chain disruptions. While the pandemic crisis has decreased the frequency of purchase of consumer appliances, the lead time for delivery of orders has also increased significantly. Limited availability of components, restricted labor supply, and other supply chain related costs are some of the major challenges that most industry players are focusing on at present. The end of the lockdown is expected to bring this industry significantly higher consumer traffic, most notably through the online channels, and the manufacturers will need to design their production plans and distribution networks in tandem with this changing business environment. Our team is diligently working towards accounting these factors in our report with the aim of providing you with the up-to-date, actionable market information and projections.

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.

To Request Sample Copy of this report, click the link:

https://www.grandviewresearch.com/industry-analysis/3d-camera-market/request/rs1

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.

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

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.

Grand View Research has segmented the global 3D camera market on the basis of technology, application:

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

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.