Professional 3D Camera Market Projected to Expand at a XX% CAGR BY 2020 : Nikon, Canon, GoPro, Kodak, Sony Electronics, Nikon, Fujifilm, Panasonic Corp
Professional 3D Camera Market Report, published by Allied Market Research, forecasts that the global market is expected to garner $4,091.1 million by 2020, registering a CAGR of 34.6% during the period 2015 - 2020.
Entertainment and media industry is fueling the adoption of professional 3D cameras for movies, documentaries and game recording. Stereoscopy is acting as a most cost-efficient technology for most of the aforementioned applications. Moreover, most of the compact cameras use stereoscopy for 3D imaging. Rising adoption of compact cameras among individual consumers would further bolster the adoption of stereoscopy technology. Products designed for photography drive the market significantly. Presently, about 70% of the market revenue is garnered by photography products. Technological advancements is enabling better video recording capabilities with 3D camera products. As a result, 3D recording cameras are witnessing stronger growth in the market which should persist throughout the forecast period.
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Asia-Pacific region would show high growth opportunities during the forecast period. The region would witness many manufacturers of 3D imaging products. Demand for 3D movies is being observed from Asian countries, especially in China and South Korea. About a quarter of global 3D screens are located in China, highlighting the potential of 3D content business in the region. The emerging scenario of 3D content business in Asia-Pacific would drive the adoption of professional 3D cameras for content generation. As a result, professional 3D camera business in Asia-Pacific would grow rapidly registering a second highest CAGR, accounting for nearly 22% share in the global market size by 2020. LAMEA region would witness the highest growth during the forecast period owing to its small market size in the current scenario and speedy adoption of the technology for personalized photography and recording of events, movies and other entertainment shows; especially in South Africa and Brazil.
3D Camera Manufacturing
3D camera manufacturers such as Fujifilm, Canon, Nikon, GoPro and Panasonic enhance value by excelling on the quality aspect of the product. Design of the product is improved in order to suit customer requirements. The selective focus on targeted segments such as professional cameras and movie recorders. assists in enhancing the product. Branding of product is enhanced by strategically directed marketing efforts. The players involved in manufacturing of 3D professional cameras keep track of market demands and changing technology trends across various regions. This market knowledge benefits the companies in order to offer innovative products in the professional 3D camera market.
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Key Findings of the Professional 3D Camera Market:
• The global market for professional 3D cameras is emerging rapidly and would continue to witness rise in their adoption throughout the forecast period (2015 - 2020)
• Adoption of 3D target cameras is higher in the market and would further rise to reach nearly 60% of the market size by value by 2020
• Asia-Pacific would prove to be one of the most lucrative markets, in terms of growth and is expected to grow at a CAGR of 36.8% during 2015 - 2020
• LAMEA region would witness the highest growth throughout the forecast period, eventually rising more than six times of its present market size by 2020.
Several market players are upgrading their product offerings with 3D imaging capabilities, owing to rapidly rising demand of 3D content in entertainment and media industry. The conventional digital camera market is fluctuating since past few years, owing to the rising availability of smartphones and other mobile computing devices capable of capturing HD images, affecting the sale of digital consumer cameras. Innovative product launch has now become a key strategy of manufacturers to sustain in the market. Enabling camera products with 3D and 4K imaging technology is a strategy to move through the fluctuating digital imaging business with improved product offerings. Prominent companies profiled in the report include Nikon, Canon, GoPro, Kodak, Sony Electronics, Nikon, Fujifilm, Panasonic Corp., Lytro and Matterport.
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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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