3D Surveillance Camera Market- Global Insights, Growth, Industry Analysis, Trends and Forecast 2030

The 3D Surveillance Camera Market is expected to grow from US$ 1.75 billion in 2022 and is expected to reach US$ 7.92 billion by 2030; it is estimated to record a CAGR of 20.7% from 2022 to 2030.

The US is one of the largest natural gas producers in the world. According to the US Energy Information Administration (EIA), the country produced ~34,517,798 million cubic feet (MMcf) of natural gas and consumed 30,664,951 MMcf of natural gas in 2021. The country also exported 3,560,818 MMcf of liquefied natural gas (LNG). Various new oil and gas construction projects are also in progress worldwide.

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Analysis of the Top Market Players:
1. Hexagon AB
2. 3dEYE Inc.
3. Honeywell
4. Robert Bosch GmbH
5. Panasonic Holdings Corporation
6. LG Electronics
7. CBC Group
8. Teledyne FLIR LLC
9. Hangzhou Hikvision Digital Technology Co., Ltd.
10. GeoVision Inc.

In this report, the market has been segmented on the basis of:

Product Type
• Dome Camera
• Bullet Camera
• PTZ Camera

Technology
• Stereoscopic Imaging
• Time Of Flight
• Structured Light Imaging

Application
• People Tracking
• Object Or Scene Detection
• Monitoring Systems
• Face Recognition
• Robotic Arm Collision Avoidance

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In Q2 2022, the construction work of the Centre of Excellence for Carbon Capture & Removal project started in Burnaby, British Columbia, Canada. It involved the construction of a CCS plant, which helps in capturing and storing up to 2,000 metric tonston of CO2 per day. Similarly, the construction of the Vista Pacifico Liquified Natural Gas Plant project commenced in Q2 2022, with an investment of US$ 2,000 million. Under this project, an LNG export terminal will be constructed on 150 hectares in the Municipality of Ahome, Topolobampo, Sinaloa, Mexico. Thus, such oil and gas construction projects will propel the demand for safety instrumented systems.

Furthermore, According to the Statistics of the Swedish Mining Industry 2021 report, Swedish ore production reached 88.6 million metric tonston in 2021, a rise of 22% since 2015. Also, as per the Australian Bureau of Statistics, mining production in Australia increased by 5.7% in the first quarter of 2023. Thus, the growing mining production worldwide is expected to surge the demand for security and monitoring systems to ensure the safety of employees, equipment, or materials and also to keep track of the production process and people. This increasing need for security solutions like such as surveillance cameras is further expected to boost the growth of the 3D surveillance camera market in during the forecasted period.

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