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3D Camera Market by Technology (Time-of-flight, Stereo Vision) Type (Target Camera and Target-free Camera) Global Analysis and Forecast 2018-2024

02-20-2019 06:58 PM CET | IT, New Media & Software

Press release from: Allied Market Research

3D Camera Market

3D Camera Market

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.

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. Hence, growth of 3D content in media & entertainment field is anticipated to drive the adoption of 3D cameras.

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.

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Major technologies in the market

Based on technology, the global 3D camera market report is segmented into time of flight (TOF), stereo vision, and structured light imaging. In 2017, the stereo vision segment held the largest share, contributing more than half of the total market revenue. This is attributed to the fact that this technology enables capturing 2D images along with disparity image, distance image, or 3D coordinates. However, structured light imaging segment is expected to manifest the fastest growth during the forecast period. In addition, the time of flight (TOF) segment would show gradual growth during 2018-2024.

Target free camera s to witness huge demand through 2024

Target free cameras are in high demand in the market owing to their characteristics such as auto adjustment with focus and simple designing with wide scope of applications. In 2017, this segment held about two-thirds share of the market and would continue to maintain this trend during the forecast period. On the other hand, the target camera segment is expected to register the fastest CAGR of 38.0% through 2024.
Professional camera segment to retain highest market share by 2024

In 2017, the professional cameras segment contributed about 56% share of the market owing to the growing use in the entertainment & gaming, arts, construction, and manufacturing sectors. However, the tablets segment is expected to exhibit the fastest CAGR of 41.1% during the study period, owing to features such as high processing power, powerful processor, and large screen facility.

Key Findings of the 3D camera Market:
• Based on type, the target-free camera is anticipated to dominate the global 3D camera market, in terms of revenue
• The stereo vision technology dominated the global 3D camera market in year 2017.
• Asia-Pacific held the majority of market share in 2017.
• LAMEA is anticipated to exhibit the highest CAGR during the forecast period.
The key players profiled in the report include Nikon, Samsung, Sony, Panasonic, Faro Technologies, Fujifilm Corp, Go pro, Intel Corporation, LG electronics Corp, and Samsung Electronics Corp.

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Allied Market Research, a market research and advisory company of Allied Analytics LLP, provides business insights and market research reports to large as well as small & medium enterprises. The company assists its clients to strategize business policies and achieve sustainable growth in their respective market domain.

Allied Market Research provides one stop solution from the beginning of data collection to investment advice. The analysts at Allied Market Research dig out factors that help clients to understand the significance and impact of market dynamics. The company amplies client’s insight on the factors, such as strategies, future estimations, growth or fall forecasting, opportunity analysis, and consumer surveys among others. As follows, the company offers consistent business intelligent support to aid the clients to turn into prominent business firm.

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