3D Camera Market to Reach $11.13 Bn, Globally, by 2024 at 37.1% CAGR - Allied Market Research
Thursday, October 11, 2018
PORTLAND, Oregon, October 11, 2018 /PRNewswire/ --
Increased demand for 3D cameras in the entertainment industry and substantial growth
of the virtual reality industry would boost the growth of the global 3D camera market.
Allied Market Research published a report, titled, "3D Camera Market
[https://www.alliedmarketresearch.com/world-3D-Camera-market ] by Technology
(Time-of-flight, Stereo Vision, and Structured Light), Type (Target Camera and Target-free
Camera), and Application (Professional Camera, Smartphone, Tablet, Computer, and Others):
Global Opportunity Analysis and Industry Forecast, 2018-2024". The report provides
in-depth insights on market landscape; key investment pockets; market segments; dynamic
factors such as drivers, restraints, and opportunities; and business performances of key
players. As per the report, the global 3D camera market was pegged at $1.22 billion in
2017 and is estimated to reach $11.13 billion by 2024, registering a CAGR of 37.1% from
2018 to 2024.
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Increased inclination for 3D cameras in the entertainment industry coupled with
advancements in 3D scanning technology drives the growth of the global 3D camera market.
However, high price of these cameras and lack of awareness about this technology hamper
the market growth. On the contrary, substantial demand for home automation and rise in
virtual reality applications would provide lucrative opportunities for the market players
Request Sample Report at: https://www.alliedmarketresearch.com/request-sample/851
Major technologies in the market
Based on technology, the global 3D camera market report is segmented into time of
flight (TOF), stereo vision, and structured light imaging. In 2017, the stereo vision
segment held the largest share, contributing more than half of the total market revenue.
This is attributed to the fact that this technology enables capturing 2D images along with
disparity image, distance image, or 3D coordinates. However, structured light imaging
segment is expected to manifest the fastest growth during the forecast period. In addition,
the time of flight (TOF) segment would show gradual growth during 2018-2024.
Target free cameras to witness huge demand through 2024
Target free cameras are in high demand in the market owing to their characteristics
such as auto adjustment with focus and simple designing with wide scope of applications.
In 2017, this segment held about two-thirds share of the market and would continue to
maintain this trend during the forecast period. On the other hand, the target camera
segment is expected to register the fastest CAGR of 38.0% through 2024.
Professional camera segment to retain highest market share by 2024
In 2017, the professional cameras segment contributed about 56% share of the market
owing to the growing use in the entertainment & gaming, arts, construction, and
manufacturing sectors. However, the tablets segment is expected to exhibit the fastest
CAGR of 41.1% during the study period, owing to features such as high processing power,
powerful processor, and large screen facility.
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Asia-Pacific: Fastest growing segment
Asia-Pacific region contributed about one-third share of the market in 2017, owing to
rise in adoption of 3D cameras and technological developments in this sector. In addition,
this region would maintain its dominance throughout the study period. However, LAMEA would
register the fastest CAGR of 39.3% from 2018 to 2024, owing to the growing penetration of
camera products and rise in disposable income in the region. The other regions analyzed in
the report include North America and Europe.
Key market players
The leading market players profiled in the report include Nikon, Sony, Faro
Technologies, Go Pro, LG Electronics Corp, Samsung, Panasonic, Fujifilm Corp, Intel
Corporation, and Samsung Electronics Corp. These market players have adopted several
strategies such as partnerships, product launch, mergers & acquisitions, and
collaborations to sustain the intense competition in the market.
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Professional 3D Camera Market - Global Opportunity Analysis and Industry Forecast,
2015 - 2020 [https://www.alliedmarketresearch.com/professional-3d-camera-market ]
Smartphone 3D Camera Market - Global Opportunity Analysis and Industry Forecast, 2016
- 2022 [https://www.alliedmarketresearch.com/smartphone-3d-camera-market ]
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wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides
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digging out market data that helps us generate accurate research data tables and confirms
utmost accuracy in our market forecasting. Each and every data presented in the reports
published by us is extracted through primary interviews with top officials from leading
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in the industry.
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