US$4,091.1 Million Professional 3D Camera Market Flourishing with CAGR of 34.6%

The professional 3D camera market is emerging rapidly across the world to become mainstream in the conventional camera market. The digital camera business of several leading companies such as Fujifilm, Nikon, Canon and Panasonic has affected since past few years owing to the advent of smartphones featuring HD camera lens. Companies are innovating their product offerings so as to sustain in the market. Adding 3D functionality to imaging products is one of the strategies, which is proving beneficial for the camera manufacturers to offer novel products in market.

Entertainment and media industry would pave immense opportunities for the adoption of professional 3D cameras. The globally rising business of 3D movies needs relevant imaging products for 3D content generation. 3D cameras, especially based on stereo vision technology, are used for scene recording in the entertainment and media industry. Business of game development in Asia would also contribute to the adoption of 3D professional cameras in the region.

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Professional 3D Camera Market Report, published by Allied Market Research, forecasts that the global market is expected to garner $4,091.1 million in 2020, registering a CAGR of 34.6%.

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By 2020, 3D cameras would gain mainstream adoption across the globe. Products featuring 3D technology would gain more than 30% of the digital technology market by 2020. Stereoscopy would remain as most advantageous technology for manufacturing of cost-efficient professional 3D cameras. This technology has been implemented in most of the 3D camera products, accounting to over 3/5th of the market size by value. """"""""""

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Regional Analysis of the Market

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.

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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.

Major Players in the Industry

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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Key Findings of 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.

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%.

LAMEA region would witness the highest growth throughout the forecast period, eventually rising more than six times of its present market size by 2020.

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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 enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

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