Global 3D Camera Market Extends at a Healthy CAGR of 32.3% by 2030

Introduction

The global market for 3D camera was valued at USD 12 billion in 2021, and it is anticipated to reach USD 149.01 billion by 2030 at a CAGR of 32.3%.

A 3D camera is a type of imaging technology that gives images the appearance of depth to mimic three-dimensional perspectives as perceived by human binocular vision. A single lens that changes position is used by some 3D cameras, while others employ two or more lenses to record different points of view. The parallax effect is produced by combining the pictures from the two lenses to produce the 3D effect. When looking at an object across two lines of sight, parallax happens.

When volumes, forms, and 3D positions and orientations of objects are needed, 3D image processing is quite helpful. It is a depth-sensing innovation that improves camera functionality for object and facial recognition. Utilizing optical technology, 3D sensing technology imitates human vision, enabling the development and integration of augmented reality, artificial intelligence (AI), and the Internet of Things (IoT). It gives consumer applications new opportunities.

Market Dynamics

• Increasing Number of Entertainment Applications

It has been simpler for new participants to enter the 3D camera market due to a sharp rise in demand for HD movies, games, and videos. The entertainment sector's improved visual applications are the main drivers of the 3D camera market. The entertainment sector is expected to expand globally due to the incorporation of 3D technology into the Camera. Hollywood's newest Camera was a Weta Digital, with stunning future cityscapes provided by DNEG, Framestore, and MPC. The popularity of 3D cameras in the film industry has inspired many filmmakers to try their hand at making 3D movies. As a result, the market for 3D cameras will continue to grow in the future.

• Increased Implementation in the Automotive Industry Caused by Rapid Technological Progress

Innovation is anticipated to increase the market usage of 3D cameras in the automotive sector. ZF has created a 3D (IOS) inside Camera that can quickly improve automation and safety systems by identifying and locating passengers inside the car. 3D cameras are utilized as range cameras in automobiles to determine where the car is on the road. The system makes use of these sensors to allow the driver to safely change lanes in the event of a vehicle approaching from behind. It also identifies lane deviation and vibrates the driver's seat to alert him. The market for ADAS and safety systems for the automobile industry will benefit from these innovations by increasing the deployment of 3D Cameras. The automotive industry is also gradually introducing autonomous trucks and self-driving cars, increasing the demand for 3D cameras. 3D cameras are widely used to increase the drivability of driverless vehicles. They are, therefore, a crucial instrument for advancing the development and use of autonomous vehicles. As a result, this will stimulate the demand for 3D cameras.

• Increasing automated operations in industries will create growth opportunities

Future predictions indicate that the expected growth in applications for virtual reality, home automation, and automated business processes will present attractive prospects for crucial participants in the 3D camera industry.

Future demand for 3D cameras will be boosted by automated operations in sectors like food and beverage, chemicals, and others that have already begun combining 3D cameras with robotic arms. The usage of the 3D Camera has surged recently due to the rising demand from photographers. Additionally, there has been a noticeable rise in the need for high-quality cameras for professional cameras or smartphones, giving manufacturers the chance to develop the 3D Camera as a brand-new product.

 

Key Highlights

• The global market for 3D Camera was valued at USD 12 billion in 2021, and it is anticipated to reach USD 149.01 billion by 2030 at a CAGR of 32.3%.
• The global market for 3D Cameras is divided into four parts: Application, technology, industry, and region. Further, the market is divided into Still Photography and Video Recording based on Application. The video recording segment gathered a sizeable portion of the market's revenue.
• Based on technology, the market is divided into Stereo Vision, Time of Flight, and Structured Light. Regarding revenue, the Time-of-Flight market category dominated the Professional 3D Camera Market.
• The market is broken down into Consumer Electronics, Security and Surveillance, Media and Entertainment, Medical, Construction and Engineering based on industry.
• According to the region, the market is divided into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. North America dominated the market.

Competitive Players

Competitive Analysis

Some key players contributing majorly to the 3D Camera are Fuji Film, Sony, LG, GoPro, Intel, Nikon, Panasonic, Canon, Faro Technologies, and Samsung Electronics Corp.

Recent Developments

Recent Developments in Some of the Key Players

• In January 2022, the Optical Devices Division of Fujifilm North America Corporation released a new line of heavy-duty lenses called the FUJINON HF-XA-1F series. These lenses are explicitly intended for demanding applications requiring high resistance to shocks and vibrations.
• In January 2022, Sony patented a 3D camera that can scan objects in virtual reality space.
• In April 2022, LG Innotek pushed to sell 3D sensing and camera modules to Google. The modules are anticipated to be fitted in Google's new augmented reality (AR) glasses, which are scheduled for delivery in the coming year.

Segmentation

Global 3D Camera Market Segmentation

By Application

• Still Photography
• Video Recording

By Technology

• Stereo Vision
• Time of Flight
• Structured Light

By Industry

• Consumer Electronics
• Security and Surveillance
• Media And Entertainment
• Medical
• Construction
• Engineering

By Region

• North America
• Europe
• Asia-Pacific
• Latin America
• The Middle East & America