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The global 3D camera market valued $1,322.0 million in 2015 and is expected to register a CAGR 50.2% during the forecast period (2016–2022). The market is primarily driven by the increasing adoption of 3D cameras in the media & entertainment industry. Besides, the growing use of these cameras in the construction and manufacturing industries is supporting the market growth across the world.
Based on type, the 3D camera market is categorized into free camera and target camera. Between the two categories, the free camera category held the larger share in the market in 2015, owing to the wide adoption of these cameras in smartphones, computers, and tablets. Besides, the market for free cameras is expected to surpass $13 billion by 2022.
EUROPE 3D CAMERA MARKET SIZE BY TECHNOLOGY $M 2012-2022
On the basis of technology, the 3D camera market is categorized into time of flight, stereo vision, and structured light imaging. Among these, the stereo vision technology contributed the highest revenue to the market in 2015. This can be attributed to its high adoption among camera manufacturers due to its easier implementation in 3D cameras as compared to other technologies.
Based on application, the 3D camera market is classified into professional cameras, smartphones, tablets, computers, and others, wherein others include mobile robots, home automation systems, and notebooks. Among these, professional cameras held the largest share in the market in 2015, and this can be attributed to the high adoption of 3D cameras in professional cameras, mainly in the North American and Asia-Pacific (APAC) regions.
Although 3D cameras are witnessing increased adoption in the media & entertainment industry across the world, the high cost of these cameras is impacting their adoption among other end users, thereby hindering the market growth. However, the 3D camera market is witnessing emergence of new companies that are focusing on the development of 3D cameras for deployment in virtual reality (VR) and home automation products.
Some of the key players operating in the global 3D camera market are Nikon Corporation, Go Pro Inc., Sony Corporation, Samsung Electronics Co. Ltd., Canon Inc., Panasonic Corporation, Fujifilm Holdings Corporation, Faro Technologies Inc., LG Electronics Inc., and Eastman Kodak Company.
Key questions answered in the report