Increasing demand for 3D content from the entertainment industry, improving 3D scanning technology, and improving user tastes and preferences are driving the growth of the global 3D camera market.
PORTLAND, Oregon., March 10, 2022 /PRNewswire/ — Allied Market Research has released a report titled, “3D camera market By Technology (Time-of-Flight, Stereo Vision, and Structured Light), Type (Target Camera and Non-Target Camera), and Application (Professional Camera, Smartphone, Tablet, Computer, and Others): Global Opportunity Analysis and Industry Forecast, 2021 -2030″. According to the report, the global 3D camera industry was estimated at $8.89 billion in 2020, and should reach $142.03 billion by 2030, registering a CAGR of 31.9% from 2021 to 2030.
Drivers, constraints and opportunities-
Increasing demand for 3D content from the entertainment industry, improving 3D scanning technology, and improving user tastes and preferences are driving the growth of the global 3D camera market. On the other hand, some price-based constraints are holding back growth to some extent. However, the growing inclination towards home automation is expected to create lucrative opportunities in the industry.
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The outbreak of the pandemic gave way to a shortage of skilled professionals to operate the technology, which negatively impacted the market, especially during the initial phase of the pandemic.
In addition, the closure of the majority of manufacturing units has resulted in a steady decline in revenues.
However, the market should recover soon.
The Targetless Camera Segment to Dominate by 2030-
Based on type, the targetless cameras segment accounted for approximately three-fifths of the global 3D cameras market share in 2020 and is expected to reign supreme by 2030. The segment is driven by the features of the focusless 3D cameras target. like its simplicity and ease of use. The target camera segment, however, would quote the Fastest CAGR by 32.7% throughout the forecast period. Rising demand for real-time surveillance systems to capture precise details and track multiple objects is propelling the growth of the segment.
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The Stereo Vision segment to maintain the dominant part
Based on the technology, the stereo vision segment held about three-fifths of the global 3D camera market revenue in 2020 and is expected to lead the way by 2030. The key factor contributing to the adoption of this system is its profitability compared to structured light and TOF technologies. The structured light segment, on the other hand, would show the fastest CAGR of 33.3% from 2020 to 2030. Rising demand for reverse engineering, metrology and inspection applications is fueling the growth of the segment.
North Americagot the largest share in 2020-
Based on region North America held the major share in 2020, generating around two-fifths of the global 3D camera market. Indeed, 3D target cameras in North America are widely used in the development of military applications. the Asia Pacific the region, simultaneously, would grow at the fastest CAGR of 35.5% by 2030. This is attributed to the fact that the presence of many leading companies in countries such as Japan, Malaysiaand Taiwan offer many 3D cameras in the Asian market. Increased adoption of professional 3D cameras is seen in entertainment, gaming, electronic gadgets and surveillance
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Key Industry Players-
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