The Global 3D Camera Market Size was USD 17.9 Billion in 2022 and is expected to reach USD 244.9 Billion by 2032, increasing at a CAGR of 30.2% from 2023 to 2032. The increasing use of 3D cameras in consumer electronics such as smartphones, gaming devices, and virtual reality systems is driving the 3D camera market growth. Additionally, technological improvements in 3D camera technology, such as the creation of smaller and cheaper cameras, are expected to boost the 3D camera market value in the coming years.
3D Camera Market Report Key Highlights
The 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 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.
Global 3D Camera Market Trends
3D Camera Market Report Coverage
|Market||3D Camera Market|
|3D Camera Market Size 2022||USD 17.9 Billion|
|3D Camera Market Forecast 2032||USD 244.9 Billion|
|3D Camera Market CAGR During 2023 - 2032||30.2%|
|3D Camera Market Analysis Period||2018 - 2032|
|3D Camera Market Base Year||2022|
|3D Camera Market Forecast Data||2023 - 2032|
|Segments Covered||By Technology, By Type, By Application, And By Geography
|Regional Scope||North America, Europe, Asia Pacific, Latin America, and Middle East & Africa|
|Key Companies Profiled||Panasonic Corporation, Canon, Samsung Electronics Corp, GoPro Inc., Sony Corporation, Intel, Fuji Film, Kodak Co, Faro Technologies Inc., LG Electronics, and Nikon.
||Market Trends, Drivers, Restraints, Competitive Analysis, Player Profiling, Covid-19 Analysis, Regulation Analysis|
The demand for 3D cameras is bolstering owing to the rise in demand for 3D technology from the 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 the 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.
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 automotive is anticipated to boost the market in the coming years. Also, the entertainment sector is anticipated to lead the market with the rising demand for motion detection, gesture recognition, and virtual reality in the gaming sector.
3D Camera Market Segmentation
The global 3D camera market segmentation is based on technology, type, application, and geography.
3D Camera Market By Technology
According to a 3D camera industry analysis, the stereo vision segment held the largest market share in 2022. Stereo vision is a technique for capturing 3D images and films that involves utilizing two or more cameras to record the same scene from multiple perspectives at the same time. Stereo vision is widely employed in a wide range of applications, including computer vision, robotics, and virtual reality. Stereo vision is utilized in computer vision for tasks such as depth estimation, 3D reconstruction, and object detection. Stereo vision technology has recently advanced, making it more affordable for usage in consumer devices like smartphones, gaming devices, and virtual reality systems. Stereo vision is employed in these domains for features such as facial recognition, augmented reality, and 3D scanning.
3D Camera Market By Type
In terms of type, the target camera segment led the worldwide 3D camera market in 2022. A target-based 3D camera captures 3D images or video by using external markers or targets. These markers or targets are visible to the camera and are placed in the area. The camera then takes photos of these markers or targets and utilizes the information to calculate the cameras and the objects in the scene's location and orientation. These cameras are also known as passive 3D cameras because they do not emit any light to measure distance.
3D Camera Market By Application
According to the 3D camera market forecast, the smartphone and tablet segment is expected to grow significantly in the market over the predicted year. The increased demand for advanced cameras outfitted with cutting-edge innovations that enhance video and image resolution by recognizing motions is expected to propel the increase. High performance, High definition clarity, as well as real-time sensing have become increasingly popular among younger consumers.
3D Camera Market Regional Outlook
The Middle East & Africa
Asia-Pacific Emerges as the Dominant Force in the 3D Camera Market
In terms of geography, the Asia-Pacific region dominates the worldwide 3D camera market in 2022. This growth can be linked to increased demand for consumer gadgets such as smartphones and gaming devices. Furthermore, the region's 3D camera market is quickly expanding in industries that include manufacturing, healthcare, and construction. The Asia-Pacific region has a well-established manufacturing base, particularly in China, which allows enterprises to build and transport 3D cameras to markets around the world rapidly and economically. Furthermore, companies in the Asia-Pacific region have made significant investments in R&D to introduce new and cutting-edge technology to the 3D camera industry. This has resulted in the creation of improved 3D cameras that are smaller, more inexpensive, and perform better.
3D Camera Market Players
Some of the leading 3D camera companies include Panasonic Corporation, Canon, Samsung Electronics Corp, GoPro Inc., Sony Corporation, Intel, Fuji Film, Kodak Co, Faro Technologies Inc., LG Electronics, and Nikon.
The market size of 3D camera was USD 17.9 Million in 2022.
The CAGR of 3D camera market is 30.2% during the analysis period of 2023 to 2032.
The key players operating in the global 3D camera market are Panasonic Corporation, Canon, Samsung Electronics Corp, GoPro Inc., Sony Corporation, Intel, Fuji Film, Kodak Co, Faro Technologies Inc., LG Electronics, and Nikon.
Asia-Pacific held the dominating position in 3D camera market during the analysis period of 2023 to 2032.
Asia-Pacific region exhibited fastest growing CAGR for 3D camera market during the analysis period of 2023 to 2032.
The current trends and dynamics in the 3D camera industry include the growing applications of animation, 3D modeling, and surgical planning.
The professional camera application held the maximum share of the 3D camera market.