What Has Been The Evolution of the 3D Camera Market in Recent Years?
The 3d camera market has seen considerable growth due to a variety of factors.
• The size of the 3D camera market has witnessed massive expansion lately. The market forecast suggests an increase from $21.44 billion in 2024 to $28.32 billion in 2025, mirroring a compound annual growth rate (CAGR) of 32.1%.
The notable growth seen in the historic period is due to progress in imaging technology, the surging demand in entertainment and media, applications in drones and robotics, as well as content production for VR/AR.
What Is the Forecasted Market Size and Growth Rate for The 3D Camera Template Market?
The 3d camera market is expected to maintain its strong growth trajectory in upcoming years.
• Anticipated to witness exponential growth in the upcoming years, the 3D camera market size is projected to rise to $78.3 billion by 2029, boasting a compound annual growth rate (CAGR) of 28.9%.
The expansion globally of AR and VR, utilization of 3D scanning in the healthcare sector, industrial automation, and autonomous vehicles contribute to this growth during the predicted period. Predominant trends throughout this forecast period encompass 3D imaging for smartphones, miniaturization, the incorporation of artificial intelligence (AI) and machine learning (ML), along with innovations in medical imaging.
What Factors Are Driving Growth In The 3D Camera Market?
The expansion of the consumer electronics sector is projected to boost the growth of the market for 3D cameras. Consumer Electronics (CE) - encompassing cell phones, personal computers, tablets, televisions, DVD players and the like, are utilized by people in their day-to-day activities for purposes such as communication, entertainment, and acquiring information. 3D cameras are integrated into these intelligent consumer electronics products, particularly smartphones, to heighten security measures, enabling the collection of detailed information for facial recognition and supporting augmented reality applications. International Data Corporation, a tech consulting firm based in the US, reported in January 2023 that global shipments of refurbished and pre-owned smartphones combined are forecasted to hit 282.6 million in 2022, marking an 11.5% rise from the previous year's 253.4 million units. By 2026, this figure is expected to rise to 413.3 million units shipped. Therefore, the surge in consumer electronics is fuelling the growth of the 3D camera market. A key factor driving the growth of the 3D camera market is the escalating adoption of industrial robots. Industrial robots are robot systems utilised for manufacturing within industrial contexts. 3D cameras are increasingly being incorporated into robots and drones as they can significantly improve performance and efficiency. For instance, the International Federation of Robotics, a non-profit organization based in Germany, reported in its most recent World Robotics Report in September 2022 that 517,385 new industrial robots were installed in businesses globally in 2021. Asia accounted for 74% of these installations, with China being the primary adopter in the region, noting a substantial 51% increase with 268,195 units sold. Therefore, the rise in the adoption of industrial robots is fuelling the 3D camera market's growth.
What Are The Main Segments Of The Global 3D Camera Market?
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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What Emerging Trends Are Influencing The Growth Of The 3D Camera Market?
Significant players in the 3D camera market are concentrating on the creation of breakthrough products, like high-definition 3D cameras integrated with artificial intelligence functionalities, in order to strengthen their market standing. AI-equipped 3D cameras blend superior depth sensing features with AI algorithms to support a variety of applications and improve spatial awareness. For instance, in January 2023, Orbec, a 3D camera-making company based in China, introduced Femto Mega, the 3D vision camera with the most superior resolution, integrated depth, and AI processing. This depth camera uses the well-established ToF technology by Microsoft to offer accurate scene analysis over a 120-degree field of view and a range of 0.25m to 5.5m. The 1-megapixel depth camera is supplemented by a powerful RGB camera with a 4K resolution and a 90° FOV. This is the highest resolution 3D camera in the industry, offering real-time streaming of processed images through Ethernet or USB connections.
Who Are the Key Players In The 3D Camera Market?
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.
What Is The Most Dominant Region 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.
