NEW YORK, March 9, 2023 (GLOBE NEWSWIRE) — The market was valued at $16.1 billion in 2022, according to new research report titled “3D Camera Market” published by Reports Insights. The report forecasts that the market will grow at a compound annual growth rate (CAGR) of 35.4% and is expected to exceed USD 134.3 billion by 2030.
3D Cameras Market Analysis, by Solution (Hardware & Software), Technology (Time-of-Flight (TOF), Stereo Vision, Laser Triangulation, Structured Light), Industry (Media & Entertainment, Construction, Consumer Electronics, Medical, Manufacturing, Automotive) . , logistics), by region and forecast period 2023 – 2030.
ReportsInsights Consulting Pvt. ltd has published a detailed research report on 3D Cameras market, which aims to help manufacturers to understand the latest and future potential of the market. The report assesses several growth factors including trends, pricing analysis, market size, value and supply chain, as well as the regulatory environment affecting the growth trajectory of the market. In addition, the study examines various trends and opportunities in crucial segments such as solution, technology, industry and region.
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Important market takeaways
Based on the solution, the software segment is expected to be the top contributor to the market growth in 2022. By technology, the stereo vision segment contributed the largest shares to the growth of the 3D cameras market in 2022. The consumer electronics segment made the largest contribution to the market growth. The Asia-Pacific region is expected to provide favorable opportunities for 3D camera market demand growth. Since the Asia-Pacific region is a popular tourist destination, many tourists prefer to rent cars to explore the area. Therefore, such an increase in tourism is expected to create favorable conditions for 3D camera companies to expand their services and meet the needs of tourists. Products are expected to boost market demand in the North American region.
3D Cameras Market Growth Drivers:
The favorable introduction of 3D cameras for security and surveillance purposes due to their ability to sense depth and offer better accuracy in detecting objects is driving the market growth. The growing consumer preference for virtual reality in gaming is also increasing the demand for 3D cameras to enhance the immersive experience. The increasing adoption of 3D cameras for surveying, entertainment and sports is also driving the market growth in various industries such as construction, media and others ahead.
restrictions
The technical limitations of 3D cameras in capturing images in low light conditions and the accuracy of depth perception due to reflective surfaces are the main obstacles to market growth. Such limitations affect the quality of the generated 3D images and limit the adoption of 3D cameras. The high cost of 3D cameras is hampering the growth of the market, especially in consumer applications such as gaming and photography. This is due to the complexity of the technology involved in capturing and processing 3D images, requiring specialized hardware and software.
competitive landscape
According to the study, Canon, Sony, Nikon and Panasonic are established players in the 3D camera market that are focused on offering high-end products such as DSLR cameras, mirrorless cameras and compact cameras with 3D capabilities. Fujifilm and Samsung are also active in this area and spend a lot of money on 3D cameras with unique features such as underwater functions and panoramic shooting modes. In addition, companies such as MATRIX VISION GmbH, HP Development Company, LP and Vision Components GmbH develop 3D scanning and mapping solutions for a variety of industries. Faro Technologies is another major player offering a range of 3D scanning and measurement solutions for industrial applications.
Recent Developments:
In September 2022, FARO, a leading provider of 3D and 4D digital reality solutions, launched the latest versions of its laser trackers – the FARO® VantageE6 Max Laser Tracker Series and VantageS6 Max. These new laser trackers are capable of to offer comprehensive 3D measurements of large volumes over 80 meters. This introduction will greatly simplify processes, reduce inspection cycle times and ensure complete confidence in the results.
In February 2023, Alsontech, a manufacturer of industrial robots with 3D vision capabilities, introduced their latest product, the AT-S1000-06C-S3 3D vision camera. Part of the NANO series, this camera is designed to be lightweight and adopts Alsontech’s advanced binocular imaging technology, which provides industrial automation operators with reliable operational stability and accuracy.
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Scope of 3D Cameras Market Report: –
Report AttributesReport DetailsMarket Size By 2030 US$134.3BForecast Period2023-2030CAGR (2023-2030)35.4%Base Year2022Study Timeline2017-2030Key PlayersCanon India Pvt Ltd., Faro Technologies Inc., Nikon, Fujifilm, GoPro Inc., Eastman Kodak Co., Panasonic Corporation , Sony Corporation, Samsung Electronics Corp., MATRIX VISION GmbH, HP Development Company, LP, Vision Components GmbHBy SolutionHardware and SoftwareBy TechnologyTime-Of-Flight (TOF), Stereo Vision, Laser Triangulation, Structured LightBy IndustryMedia and Entertainment, Construction, Consumer Electronics , Medical, Manufacturing, Automotive, LogisticsReport CoverageCompany Ranking And Market Share, Regional Competitive Landscape, Growth Factors, Overall Sales Forecast, Business Strategies And More.By GeographyNorth America [United States, Canada, Mexico]
Asia Pacific [China, Japan, India, Southeast Asia, Korea, Western Asia]
South America [Brazil, Argentina, Columbia, Chile, Peru]
Europe [Germany, UK, Turkey, Spain, France, Italy, Russia, Netherlands, Switzerland]
Middle East & Africa [GCC, North Africa, South Africa]
With the growth of the gaming and virtual reality industry, 3D cameras are used to capture real images and create immersive experiences for users. 3D cameras can capture real life scenes and convert them into 3D models, allowing users to explore and interact with these models in virtual reality.
The extent of the use of 3D cameras as imaging solutions in the agricultural sector will lead to market growth in the coming years. Such solutions provide assistance in plant inspection for dimensions and defects, as well as in detecting and analyzing plants for early signs of disease.
The advent of Industry 4.0 is expected to bring lucrative opportunities for market expansion. For example, a report on Industry 4.0 published by the United Nations Industrial Development Organization (UNIDO) found that widespread adoption of technology will have a net positive effect in terms of the economy and society. Technologies include 3D printing, artificial intelligence, autonomous vehicles, robotics, the Internet of Things (IoT), nanotechnology, materials science, biotechnology and energy storage through quantum computing.
Increasing product innovations by large market participants will pave the way for increased market growth in the coming years. For example, Canon Europe has introduced a new Virtual Reality (VR) capture solution for the EOS R System, utilizing the advanced capabilities of the RF mount. The EOS VR system features a brand new Canon RF 5.2mm F2.8L DUAL FISHEYE lens designed to meet the increasing demand for high-quality 3D 180° VR content.
The growing application of surveillance in home security and robotics in industry will drive sales of 3D cameras worldwide.
In addition, growing demand for 3D cameras in order fulfillment and warehousing for improved inventory management and application in robotic imaging will drive sales of 3D cameras to meet the increasing expansion of the e-commerce industry.
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List of the major 3D Camera market players
• Canon India Pvt Ltd.
• Faro Technologies Inc.
• Nikon
• Fuji film
• GoPro Inc.
• Eastman Kodak Co
• Panasonic Corporation
• Sony Corporation
• Samsung Electronics Corp.
• MATRIX VISION GmbH
• HP Development Company, LP
• Vision Components GmbH
Global 3D Camera Market Segmentation:
By Solution By Technology Time-Of-Flight (TOF)Stereo VisionLaser TriangulationStructured Light By Industry Media & Entertainment ConstructionConsumer Electronics MedicalManufacturingAutomotiveLogistics
Important Key questions covered in 3D Camera market report
What is the latest scenario of 3D Camera Market?
What are the key future prospects that will impact the 3D camera market in the coming years?
Which key market players are dominating the market conditions in different regions and what strategies are they adopting to gain competitive advantage over others?
What is the forecast value of the 3D camera market by 2030?
What are the biggest challenges for companies working with 3D cameras?
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