3D Camera Market Revenue Forecast Report: Size, Share, Recent Trends, Strategic Developments, Segmentation Analysis, and Evolving Opportunities, 2024-2030

Market Overview

The 3D camera market is expected to grow from USD 4,288.5 Million (E) in 2023 to USD 13,824.3 Million in 2030, at 18.5% CAGR between 2024 and 2030.

3D cameras utilize sophisticated imaging technology to obtain and process extensive data, thus generating 3D shapes of objects. The progress of this industry is mainly because of the extensive product requirements in 3D printing, augmented reality, and virtual reality applications. Furthermore, the surging acceptance of drones, robots, and autonomous vehicles boosts the industry. Moreover, the extensive utilization of this product in industrial environments, during military operations, and for home security will propel the industry during the projection period.

Surging Need for 3D Content Boosts Market

The surging need for 3D content is a key factor boosting the industry revenue. The arrival of innovative technology has made people more attracted to immersive experiences that offer a mix of realism and depth. A major factor boosting the demand for 3D content is the growing popularity of AR and VR. Such technologies enable consumers to experience real-time digital environments, offering a more-surreal experience than the conventional 2D content. This has resulted in a mounting need for 3D content suitable with AR or VR headsets, mobile applications, and full-fledged computer programs.

Therefore, the progress of this industry is assisted by the growth of the entertainment industry. Currently, various television shows and movies are offered in 3D, which require specific 3D cameras.

Growing Utilization of 3D Cameras in Vehicles

The utilization of 3D cameras in the automotive sector is also growing. Advanced 3D cameras can enhance safety and automation systems by recognizing as well as locating individuals within the vehicle. Moreover, these devices are integrated to recognize the vehicle's position on the road, which is imperative for autonomous driving systems.

In addition, the advancement in 3D cameras is likely to boost their acceptance in safety systems and ADAS for vehicles. Essentially, the need for these products is surging because of the rising popularity of autonomous trucks, buses, and cars. Here, these devices continuously scan the surroundings and feed data to the vehicle’s system regarding road and weather conditions.

3D Camera Market Report Coverage

Report Attribute	Details
Market Size in 2023	USD 4,288.5 Million (E)
Revenue Forecast in 2030	USD 13,824.3 Million
Growth Rate	18.5% CAGR
Historical Years	2017-2023
Forecast Years	2024-2030
Report Scope	Market Trends, Drivers, and Restraints; Revenue Estimation and Forecast; Segmentation Analysis; Impact of COVID-19; Companies’ Strategic Developments; Market Share Analysis of Key Players; Company Profiling

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Stereo Vision Category Is Leading Technology Segment

The stereo vision category, based on technology, is the largest contributor to the industry. This technology is generally utilized at industrial sites for inspection and quality control tasks and in security & surveillance systems. Stereo vision 3D cameras are also progressively being utilized in consumer electronics, for instance, gaming consoles and smartphones, for 3D scanning and gesture identification.

Furthermore, they are utilized in safety applications, robotics, medical equipment, autonomous automobiles, bin-picking, agricultural automation, 3D recording, range detection in robotic navigation, and object tracking. Seeing the growing demand for these variants, Stereolabs Inc. introduced the ZED-X stereo camera in December 2022 for robot navigation and process automation in extreme outdoor or outdoor circumstances.

Moreover, the time of flight category is likely to propel at the highest rate during the projection period. Time-of-flight cameras can be utilized for various applications, such as the recognition or detection of objects, gesture recognition, and 3D scanning. Moreover, this technology is widely utilized in virtual reality, augmented reality, and robotic applications. These variants utilize infrared light to obtain depth data in real time, thus enabling precise and rapid measurements. Additionally, they can be assembled easily and allow for accurate object and movement tracking.

Target Cameras To Secure Largest Share

The target camera category, based on type, is expected to secure the largest share during this decade. A target camera is utilized to make precise 3D models of structures, environments, and objects. Therefore, it finds application in architecture, logistics, construction, medical & dental imaging, entertainment, and manufacturing. In supply chain & logistics, these devices can assist in streamlining the procedure of managing or tracking inventory. Furthermore, they can be utilized to automate package shorting or counting with fewer errors and in less time.

For instance, since packages and products are constantly moved in warehouses, target cameras can take 3D pictures of every package and utilize software algorithms to detect it, track its position, and update the inventory in real-time. This data can later be utilized to enhance workflows, improve overall productivity, and lessen shipping errors.

Professional Camera Category Is Major Contributor

The professional camera category, based on application, is dominating the industry. Such cameras are extensively utilized in AR and VR to attain the geometry of a view and generate immersive experiences. In professional applications, 3D cameras are generally integrated with various sensors, including accelerometers and gyroscopes, to trace the movement of the user and correct the viewpoint of the augmented or virtual environment appropriately. Moreover, stereo 3D cameras are often preferred for live-action movies and games over computer-generated imagery, which is costlier to implement and procure.

The smartphones & tablets category is expected to propel at the highest rate. This can be attributed to the surging demand for cutting-edge cameras with innovative technologies that enhance the quality of smartphone videos and pictures by identifying movements. Additionally, the younger population across the globe is highly interested in smartphones and tablets that offer features such as HD clarity, real-time object detection, and high performance.

APAC Is Dominating Market

APAC is the largest contributor to the global 3D camera market because of the surging smartphone penetration, rising disposable income, low camera ownership cost, and enhancing entertainment sector. Moreover, the increasing utilization of 3D imaging in robotics, VR, video surveillance, and home automation is boosting product demand. Additionally, the major players in the industry are concentrating on launching products to offer consumers exceptional visual experiences.

North America accounted for a significant share of the industry too, because of the constant rise in the acceptance of advanced technologies in the region. Moreover, these cameras are extensively utilized in the fields of surveying, construction, indoor mapping, surveillance, sports & entertainment, car tracking, and robot navigation.

Europe is another significant market for 3D cameras because of the vast entertainment industry and the rising need for 3D scanning. Additionally, the usage of automation technologies, primarily robots, in the food & beverage, semiconductor & electronics, and automotive industries drives the demand for 3D cameras in the region.

Key Players in 3D Camera Market

• Canon Inc.
• Sony Group Corporation
• Samsung Electronics Co. Ltd.
• Intel Corporation
• FARO Technologies Inc.
• Nikon Corporation
• LG Corporation
• Panasonic Holdings Corporation
• Sumitomo Mitsui Financial Group Inc.
• GoPro Inc.
• Orbbec 3D Technology International Inc.
• Eastman Kodak Company