3D camera facilitates photographers to capture three-dimensional images and thereby, improving the quality and visual appeal of the images. The adoption of these cameras is gradually increasing for industrial applications particularly for defect identification. Capturing of 3D images enables individuals to envision a whole environment and thus, allowing them to plan according to the situation. For instance, an empty apartment’s 3D image will enable an interior designer to make better decisions regarding the ideas for interiors in comparison to a 2D image.
The demand for 3D cameras is bolstering owing to the rise in demand for 3D technology from entertainment industry and advancements in 3D scanning technologies. Also, the innovations in smartphones and laptops using 3D technologies are propelling the demand for 3D cameras. Other factors driving the market growth include increasing demand for devices that support 3D technology in consumer electronics, gaming applications using sensing technology, assimilation of optical and electronic components and emerging concern for security & surveillance systems. Lack of awareness among people and high price of 3D cameras are the factors restraining the market growth. High rise in virtual reality applications and increase in home automation are the opportunities prevailing that would drive the market growth. Furthermore, the rise in automated operations in various industries would also provide market opportunities.
The 3D camera market is segmented into types, applications, technology and geography. The sub-segments that fall under type segment include position sensor, accelerometer sensor, image sensor, acoustic sensor and others. The application segment includes consumer electronics, aerospace & defense, healthcare, automotive, security & surveillance, entertainment, industrial robotics and others. The technology segment is further segmented on the basis of time-of-flight, structured light, stereo vision and ultrasound. In terms of geography, the 3D camera market is segmented into regions including North America, Asia Pacific, Latin America, Europe, Middle-East and Africa.
Many electronic companies providing electronic devices (televisions, laptops, smartphones, tablets, etc.) are using 3D camera technology to offer their customer with enhanced products and increase their market share. Presently, 3D camera is used for gesture recognition in gaming consoles and gaming applications. Additionally, the advancement in technologies used in healthcare and automotives is anticipated to boost the market in the coming years. Also, entertainment sector is anticipated to lead the market with the rising demand for motion detection, gesture recognition and virtual reality in the gaming sector.
North America is dominating the market for 3D cameras owing to the high security concerns and spending capacity of people in the region. The 3D camera market is analyzed to grow at a high pace in Asia Pacific region due to the adoption for 3D sensors in manufacturing industries, consumer electronics and entertainment sector. Currently, the market is limited majorly to developed regions due to high prices of devices and low purchasing power of people in developing regions. Some of the leading companies in the market include Infineon Technologies AG, PMD Technologies AG, Cognex Corporation, Microsoft Corporation, Microchip Technology Inc., SoftKinetic, Ifm Electronic GmbH, Asustek Computer Inc., Qualcomm Inc, LMI Technologies, Inc., Omnivision Technologies, Inc., Intel Corporation, and Occipital, Inc. among others.