Press release
Global 3D Camera Market Projected to Surpass $78.3 Billion by 2029 with 28.9% Annual Growth
3D Camera Market Size
The advancement in the consumer electronics sector is set to accelerate the progress of the 3D camera market in the near future. Consumer electronics (CE) refer to everyday use devices that facilitate communication, entertainment, or information. These include mobile phones, PCs, tablets, televisions, DVD players among others. Further enhancing their security, 3D smartphone cameras are being integrated into smart consumer electronics products, providing detailed data for facial recognition systems and supporting AR applications. A case in point is in January 2023, as per the International Data Corporation's findings, a US-based firm offering technology consulting services. The data suggested that in 2022, the worldwide distribution of used mobile devices, including officially refurbished and previously owned smartphones, would hit 282.6 million, marking an 11.5% rise from the 253.4 million units in 2021. Furthermore, an expected shipment of 413.3 million smartphone units is projected for 2026. Thus, the expansion of the consumer electronics industry is propelling the 3D Camera market. The rising implementation of industrial robots is set to drive the growth of the 3D camera market. Industrial robots, which are systems employed for manufacturing in industrial settings, are increasingly being adopted, giving a boost to 3D cameras. They are increasingly being integrated with 3D cameras in robotics and drones to improve performance and efficiency. A report released by the International Federation of Robotics in September 2022, a Germany-based non-profit organization, confirmed that during 2021, there were 517,385 new installations of industrial robots in companies globally, according to the most recent World Robotics Report. Asia, with 74% of the world's new robot deployments in 2021, led the pack. In particular, China, the largest adopter in the region, saw a significant 51% growth in installations, with 268,195 units installed. It is therefore clear that the growth trajectory of the 3D camera market is being fueled by the growing adoption of industrial robots.
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How will the growth rate of the 3d camera market shape industry trends by 2034?
The scale of the 3D camera market has seen a rapid rise in the past few years. The market, which stood at $21.44 billion in 2024, is expected to expand to $28.32 billion in 2025, reflecting a compound annual growth rate (CAGR) of 32.1%. This positive growth trajectory during the historical period is largely driven by advancements in imaging technology, rising demand in the entertainment and media sectors, applications in drones and robotics, and the creation of content for virtual and augmented reality.
In the coming years, we anticipate a significant upswing in the 3D camera market size. By 2029, it's projected to reach $78.3 billion, showcasing a compound annual growth rate (CAGR) of 28.9%. This projected growth during the forecast period can be linked to the worldwide spread of AR and VR, usage of 3D scanning in healthcare, industrial automation, and self-driving vehicles. The forecast period will also witness several trends such as the advent of 3D imaging for smartphones, miniaturization, the incorporation of artificial intelligence (AI) and machine learning (ML), and breakthroughs in medical imaging plans.
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What trends are poised to drive the future success of the 3d camera market?
Leaders in the 3D camera industry are concentrating on creating cutting-edge products, such as high-definition 3D cameras integrated with artificial intelligence technologies, to solidify their standing. These AI-enabled 3D cameras bring sophisticated depth sensing functionalities together with AI algorithms, facilitating a range of applications and augmenting spatial recognition. For instance, Orbec, a manufacturer of 3D cameras located in China, unveiled the Femto Mega in January 2023. This is regarded as the industry's highest-resolution 3D vision camera with built-in depth and AI processing capabilities. The depth camera utilizes Microsoft's reliable ToF technology for precise scene analysis across a 120-degree view field and a range of 0.25m to 5.5m. Complimenting this is a robust 4K-resolution RGB camera with a 90° field of view, making it the most high-resolution 3D camera in the market with real-time processed image streaming via Ethernet or USB connections.
Which primary segments of the 3d camera market are driving growth and industry transformations?
The 3D camera market covered in this report is segmented -
1) By Type: Target-Free Camera, Target Camera
2) By Technology: Stereo Vision, Time Of Flight, Structured Light
3) By Application: Professional Camera, Smartphone And Tablets, Computer, Other Applications
4) By Industry: Consumer Electronics, Security And Surveillance, Media And Entertainment, Medical, Construction, Engineering
Subsegments:
1) By Target-Free Camera: Stereo Cameras, Time-Of-Flight Cameras, Structured Light Cameras
2) By Target Camera: Laser Scanners, Digital Scanning Cameras, Photogrammetry Cameras
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Which geographical regions are pioneering growth in the 3d camera market?
Asia-Pacific was the largest region in the 3D camera market in 2024. The regions covered in 3D camera market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
Who are the influential players reshaping the 3d camera market landscape?
Major companies operating in the 3d camera market are Samsung Electronics Co. Ltd., Sony Corporation, LG Corporation, Panasonic Holdings Corporation, Intel Corporation, Canon Inc., Fujifilm Holdings Corporation, Ricoh Company Ltd., Nikon Corporation, GoPro Inc., Eastman Kodak Company, Leica Geosystems AG, Lucid VR Inc., Faro Technologies Inc., Matterport Inc., Orbbec Inc., FRAMOS GmbH, Lytro Inc., pmdtechnologies ag, GeoSLAM Limited, Arashi Vision Inc., KanDao Technology Co.Ltd., Mantis Vision Ltd., Quanergy Solutions Inc., Clearview Imaging Ltd., Stereolabs Inc., Photoneo s.r.o., Zivid AS, Sense Photonics Inc., LIPS Corporation.
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What Is Covered In The 3D Camera Global Market Report?
• Market Size Forecast: Examine the 3d camera market size across key regions, countries, product categories, and applications.
• Segmentation Insights: Identify and classify subsegments within the 3d camera market for a structured understanding.
• Key Players Overview: Analyze major players in the 3d camera market, including their market value, share, and competitive positioning.
• Growth Trends Exploration: Assess individual growth patterns and future opportunities in the 3d camera market.
• Segment Contributions: Evaluate how different segments drive overall growth in the 3d camera market.
• Growth Factors: Highlight key drivers and opportunities influencing the expansion of the 3d camera market.
• Industry Challenges: Identify potential risks and obstacles affecting the 3d camera market.
• Competitive Landscape: Review strategic developments in the 3d camera market, including expansions, agreements, and new product launches.
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