PORTLAND, Oregon., February 24, 2022 /PRNewswire/ — Allied Market Research has released a report titled“Professional 3D Camera Market by Type (Target Camera and Free Camera), Technology (Time-of-Flight, Stereo Vision and Structured Light) and Application (Photography and Recording): Global Opportunity Analysis and Industry Forecast, 2020-2030 “ According to the report, the world professional 3D camera industry was estimated at $4.62 billion in 2020, and should reach $73.53 billion by 2030, registering a CAGR of 31.7% from 2021 to 2030.

Drivers, constraints and opportunities-

The increased use of professional 3D cameras in the media and entertainment industry to record 3D content is driving the growth of the global professional 3D cameras market. On the other hand, higher prices compared to their 2D counterparts are hampering growth to some extent. However, the emergence of virtual reality products is expected to create lucrative opportunities in the industry.

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Covid-19 scenario-

  • Shortage of qualified professionals to operate the technology has led to a drop in demand for professional 3D cameras, which negatively impacted the global market, especially in the initial period. In addition, the closure of the majority of manufacturing units has further affected the market.
  • However, the market should recover soon.

The target camera segment to retain the lion’s share-

Based on type, the target camera segment accounted for the highest market share in 2020, generating nearly three-fifths of the global professional 3D camera market. The same segment is also expected to cite the fastest CAGR of 33.1% from 2021 to 2030. Indeed, several market players have started working on improving their range of target cameras owing to the major advantages of this technology. .

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The stereo vision segment to lead the trail-

Based on technology, the stereo vision segment generated the highest share in 2020, holding more than three-fifths of the global professional 3D camera market. Due to its low cost, it has proven to be very effective in generating 3D prints of objects. Moreover, the technology is also effective in recording double frames for 3D movies. This is because time-of-flight technology is useful across a number of industry verticals. The flight time segment, however, should quote the Fastest CAGR by 34.3% from 2021 to 2030. In automotive applications, the technology is useful for autonomous driving with increased safety through real-time alerts on respective driving conditions. In industrial applications, on the other hand, time-of-flight sensors act as active human-machine interfaces to ensure the safety of automated processes.

North America will dominate by 2030-

Based on region, North America contributed the leading market share in terms of 2020 revenue, holding nearly two-fifths of the global professional 3D camera market. The use of 3D cameras in several industries for activity monitoring, 3D movie recording, photography and gaming is driving the growth of the market. Asia Pacificon the other hand, is expected to quote the fastest CAGR of 35.3% from 2021 to 2030. Indeed, the presence of many leading companies in countries such as Japan, Malaysiaand Taiwan offer a wide variety of professional 3D cameras in the Asian market.

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Major Market Players-

  • Matterport
  • Lytro inc.
  • fujifilms
  • GoPro Inc.
  • Nikon Company
  • Panasonic Company
  • Canon Inc.
  • Sony Company
  • Faro Technologies
  • Eastman Kodak Corporation

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Allied Market Research (AMR) is a full-service market research and business consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global corporations as well as small and medium enterprises with unrivaled quality of “market research reports” and “Business Intelligence solutions”. AMR has a focused vision to provide business insights and advice to help its clients make strategic business decisions and achieve sustainable growth in their respective market area.

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