The 3D camera market size is projected to reach US$ 16.42 billion by 2031 from US$ 3.48 billion in 2023. The market is expected to register a CAGR of 21.4% during 2023–2031. The growth in military spending and rising adoption of industrial robots are likely to remain key trends in the market.

3D Camera Market Analysis

The 3D camera market is a niche within the broader digital camera market, catering specifically to consumers and professionals who require the ability to capture images with depth perception. 3D cameras use advanced imaging technology to capture and process depth information, enabling the creation of 3D models of objects. The market is growing due to the high product demand in virtual reality (VR), augmented reality (AR), and 3D printing. The increasing adoption of technologies, such as autonomous vehicles, drones, and robotics, drives the market growth. Furthermore, the extensive product usage in sectors such as home security, military operations, and industrial environments is anticipated to boost their global adoption. These cameras are also commonly used in the film and television industries to capture immersive 3D video. The combined influence of these factors is expected to push the expansion of 3D cameras across a wide range of applications over the forecast timeframe. The 3D camera market is very competitive, with major industry companies, including Sony, Panasonic, Nikon, Canon, and Fujifilm present. Furthermore, growing startups and new entrants, notably in the fields of 3D scanning and computer vision, are increasing competition. In general, the market is expected to expand in the near future as a result of increased demand for advanced imaging technology and 3D content across a wide range of applications.

3D Camera Market Overview

A 3D camera is an imaging device that can capture multiple points of view from various camera lenses. Some 3D cameras use two or more lenses to record numerous points of view, although a camera with a single lens shifts its position.

The growing demand for 3D content has become one of the 3D camera market's key drivers. Consumers are getting more interested in immersive experiences that create a sense of depth and realism as new technology emerges As a result, demand for 3D content is increasing at an unprecedented rate, and this trend is projected to continue in the future years. The growing popularity of VR and AR technology is one of the key drivers of 3D content. These technologies enable viewers to engage in real-time with digital worlds, delivering a more immersive experience than standard 20 material. This has resulted in an increase in demand for 3D content that is compatible with VR and AR systems.

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3D Camera Market: Strategic Insights

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3D Camera Market Drivers and Opportunities

The increasing adoption of industrial robots to Favor the Market

3D cameras are increasingly being used in robots and drones. The use of 3D cameras in robots can improve the efficiency of manufacturing and performance and other industrial applications dramatically Robots, for example, can be taught to do difficult jobs with better precision and accuracy by employing 3D cameras to record precise information about the surroundings. In industrial contexts, this can lead to enhanced efficiency, less waste, and improved safety. According to the International Federation of Robotics (IFR), the 2022 World Robotics report revealed an all-time high of 617,385 new industrial robots installed in companies around the world in 2021. worldwide operating robot stock reached a new high of over 36 million units, with worldwide robot installations predicted to increase by 10% to nearly 570,000 units by 2022. The growing use of industrial robots in 3D imaging will increase the need for 3D cameras.

Growing demand from the military sector.

Year-on-year, global military spending is increasing worldwide to strengthen security amidst war. For example, according to SIPRI, world military expenditure increased for the ninth consecutive year in 2023, reaching a total of US$2443 billion. With the increased expenditure, the military forces are investing in advanced technologies such as loitering munitions, AGVs, drones, robots, and much more. In addition, the military forces are integrating AR/VR technologies also to support, situational awareness, operational readiness, indoor and outdoor navigation, and military training. Thus, the rise in military expenditure is contributing to the demand for 3D cameras for such applications.

3D Camera Market Report Segmentation Analysis

Key segments that contributed to the derivation of the 3D camera market analysis are technology, type, and end-user.

• Based on the technology, the 3D camera market is divided into time of flight, stereoscopic imaging, autostereoscopic imaging, and structured light imaging. The stereoscopic imaging segment held a significant share of the market in 2023.
• By type, the market is segmented into target camera and target-free camera. The target camera segment is expected to grow with the highest CAGR.
• In terms of end-users, the market is segmented into e consumer electronics, healthcare, industrial, aerospace and defense, construction, automotive, and media & entertainment. The aerospace and defense segment is expected to grow with a significant CAGR.

3D Camera Market Share Analysis by Geography

The geographic scope of the 3D camera market report is mainly divided into five regions: North America, Asia Pacific, Europe, Middle East & Africa, and South & Central America.

Asia Pacific is anticipated to dominate the 3D camera market and account for the greatest revenue share through the forecast period. Another parameter boosting product demand is the increasing usage of 3D imaging in VR, robotics, home automation, and video surveillance. Key market participants in the region are focused on product releases to give customers high-quality products and outstanding service. For example, Alsontech, a manufacturer of 3D vision for industrial robots, released its newest 3D vision camera, the AT-S1000-06C-S3, in February 2023. The NANO series AT-S1000-06C-S3 incorporates Alsontech's sophisticated binocular imaging technology, which provides industrial automation customers with assured precision and operating stability. North America, on the other hand, is expected to grow at a significant rate in the 3D camera market during the forecast period. The time of flight is expected to be the fastest-growing technology category in North America. Over the projection period, the technology is poised to realize its full potential. Car tracking, item detection, people counting, and robot navigation are all applications for time-of-flight sensors. Time-of-flight sensors determine the distance between two points by measuring the time it takes photons to travel between them. Many businesses are focusing on new product launches in order to give clients high-quality items and exceptional service.

3D Camera Market Report Scope

3D Camera Market News and Recent Developments

The 3D camera market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. A few of the developments in the 3D camera market are listed below:

• Orbbec, an industry leader dedicated to 3D vision systems, introduced its Gemini 330 series, featuring the Gemini 335 and Gemini 335L Stereo Vision 3D cameras. Engineered as universal solutions for diverse 3D application scenarios, these cameras boast Orbbec’s latest depth engine chip MX6800, a purpose-built ASIC and patented hybrid stereo imaging technology that ensures stable, high-quality depth data output even in challenging lighting conditions. (Source: Orbbec, Press Release, April 2024)
• LUCID Vision Labs, Inc., a designer and manufacturer of unique and innovative industrial vision cameras, announced that the new Helios2+ 3D Time-of-Flight (ToF) camera had entered into series production. (Source: LUCID Vision Labs, Inc., Press Release, October 2021)

3D Camera Market Report Coverage and Deliverables

The “3D Camera Market Size and Forecast (2021–2031)” report provides a detailed analysis of the market covering below areas:

• 3D camera market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
• 3D camera market trends as well as market dynamics such as drivers, restraints, and key opportunities
• Detailed PEST/Porter’s Five Forces and SWOT analysis
• 3D camera market analysis covering key market trends, global and regional framework, major players, regulations, and recent market developments
• Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments for the 3D camera market
• Detailed company profiles