3D Camera Market by Technology (Time-of-flight, Stereo Vision, and Structured Light), Type (Target Camera and Target-free Camera), and Application (Professional Camera, Smartphone, Tablet, Computer, and Others)

According to a recent report published by Allied Market Research, titled, Global 3D Camera Market by Technology, Type, and Application: Global Opportunity Analysis and Industry Forecast, 2017-2024 the global 3D camera market was valued at $1,219 million in 2017, and is projected to reach $11,131 million by 2024, growing at a CAGR of 37.1% from 2017 to 2024.

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At present, Asia-Pacific dominates the market, followed by North America. In 2017, China dominated the Asia-Pacific market and Germany led the overall market in Europe. However, in North America, the U.S. currently dominates the market.

Increasing demand of 3D content from entertainment industry and enhancement in 3D scanning technology, are fostering the market growth. Key camera developers are developing innovative cameras, enhanced by emerging 3D technology. High price and lack of awareness impedes the market.

The market is segmented based on technology, type, application, and region. The technology segment includes time-of-flight, stereo vision, and structured light. The type segment includes target camera and target-free camera. The target-free camera is expected to witness increased adoption in the near future, owing to growth in demand in applications, such as smartphones, tablets, and computers. The camera manufacturers extensively use stereo vision technology owing to simplicity in implementation as compared to other technologies.

Increase in demand of 3D content from entertainment industry and enhancement in 3D scanning technology impact the growth of the market. In addition, high price, lack of awareness, increase in home automation, and virtual reality applications also affect the growth of the global 3D camera market. These factors are anticipated to either drive or hamper the market growth.

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The entertainment & media industry is moving toward a high definition format of content delivery. The rapid rise in HD content movies, documentaries, and games is an indicator of the previous statement. The market ecosystem is developing owing to entries of various market leaders in the production of 3D movies, 3D displays, and other applications. Due to high income levels of the population in the developing countries especially in Asia-Pacific, there is a change in the preferences of audiences.

Owing to innovations in technology, numerous sophisticated imaging applications are being introduced in the market. The technological advancements in 3D scanning technology enable end-users for depth scanning in industries such as civil infrastructure, construction, mining, and entertainment. The evolved 3D printing technology in turn drives the need for 3D scanning, along with rapid prototyping of models. The demand from end-users for sophisticated, accurate end deliverables is influenced by the availability of efficient technological products.

Key Benefits for Stakeholders:

• This study comprises analytical depiction of the global 3D camera market with current trends and future estimations to depict the imminent investment pockets.
• The overall market potential is determined to understand the profitable trends to gain a stronger foothold.
• The report presents information related to key drivers, restraints, and opportunities with a detailed impact analysis.
• The current market is quantitatively analyzed from 2018 to 2024 to benchmark the financial competency.
• Porter’s Five Forces analysis illustrates the potency of the buyers and suppliers in the industry.

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