3D Camera Market Size, Share & Analysis

Latest Date Nov 12, 2024

3D Camera Market Size & Growth

The global 3D camera market Size, Share, Industry Growth, Trends & Analysis in terms of revenue was estimated to be worth USD 3.6 Billion in 2023 and is poised to reach USD 9.1 Billion by 2028, growing at a CAGR of 20.3% from during forcast period (2023-2028).

The new research study consists of an industry trend analysis of the market. The growth of the 3D camera industry is propelled by wide applications of 3D imaging, increasing adoption of industrial robots, and rising demand for 3D cameras in construction. However, the high cost of 3D cameras and technological limitations are restraining factors for the growth of this market. The growth of AR/VR, advancements in 3D printing, and integration of machine learning in 3D cameras are key growth opportunity for players in the market.

3D Camera Market Forecast to 2028

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Global Camera Market Report: Trends and Forecasts

The industrial camera market is experiencing significant growth as industries increasingly prioritize automation, quality control, and precision in manufacturing. These cameras are pivotal in applications like machine vision, robotics, and inspection, providing the high-speed imaging and accuracy required for various automated tasks. With advancements in sensor technology and AI integration, industrial cameras are now capable of high-resolution image capture, edge detection, and enhanced object tracking. Industries such as automotive, electronics, and pharmaceuticals are key adopters, leveraging these cameras to improve efficiency and minimize defects. The market is expected to continue its upward trajectory, driven by the need for increased productivity and enhanced quality control in industrial environments.

Industrial Camera Market Insights and Growth Prospects

The global camera market continues to evolve as new technologies and consumer demands drive innovation across various sectors. This report highlights the latest trends, focusing on the growing popularity of mirrorless cameras, the integration of AI in camera systems, and the rising demand for high-resolution video capture. Industry segments such as professional, consumer, and security cameras have shown significant growth, with advanced camera features and imaging technologies creating diverse applications beyond traditional photography. Forecasts suggest an upward trajectory, fueled by both technological advancements and the expanding applications in industries like automotive, healthcare, and surveillance.

3D Camera Market Trends: Analyzing the Types - Target Camera and Target-free Camera

• High Precision: Target cameras provide highly accurate and detailed 3D data, making them suitable for applications that require precise measurements.
• Active Illumination: Many target cameras use active illumination techniques, such as projecting structured light patterns, to enhance depth accuracy in various lighting conditions.
• Stereo Vision Technology: Utilizes multiple lenses to capture different angles of the scene, calculating depth through image disparity.

• Time-of-Flight Technology: Measures the time taken by light pulses to travel to the object and return, providing accurate depth information in real-time.
• Laser Scanning: Uses laser beams to scan the environment, capturing detailed 3D data over large areas.
• Single-lens System: Often employs a single lens and sensor system, simplifying the camera design and reducing size.

3D Camera Market Dynamics

Driver: Increasing adoption of industrial robots

The use of 3D cameras in robotics and drones is becoming more common. Using 3D cameras in robotics can significantly improve the performance and efficiency of manufacturing and other industrial applications. For instance, by using 3D cameras to capture detailed information about the environment, robots can be programmed to perform complex tasks with greater precision and accuracy. This can lead to increased efficiency, reduced waste, and improved safety in industrial settings.

As per the IFR (International Federation of Robotics), the 2022 World Robotics report showed an all-time high of 517,385 new industrial robots installed in 2021 in factories worldwide. The stock of operational robots globally hit a new record of about 3.5 million units, while global robot installations were expected to grow by 10% to almost 570,000 units in 2022. The increasing installation of industrial robots in 3D imaging will drive the demand for 3D cameras.

Restraint: Technological limitations

Despite advances in 3D camera technology, including the rapidly growing smartphone 3D camera market, there are still technological limitations that can impact image and video quality. For instance, 3D cameras, particularly those used in smartphones, may struggle with accurate depth perception in low-light conditions or environments with complex lighting. These challenges may restrict their adoption in specific applications, such as professional filmmaking or scientific research. Additionally, the range and depth perception of 3D cameras can be limited, particularly in high-contrast environments, which can result in inaccuracies or incomplete 3D models. Using 3D cameras, including those in the smartphone 3D camera market, can be more complex than traditional cameras, often requiring specialized knowledge in areas such as 3D modeling and image processing. This complexity may be a restraint for users without the resources or expertise needed to utilize 3D cameras effectively.

Opportunity: Growth of AR/VR

The growth of 3D cameras has played a vital role in driving innovation and development in augmented reality (AR) and virtual reality (VR). For instance, 3D cameras capture in-depth information, which enables more realistic and immersive AR/VR experiences. This helps users feel more connected to the virtual world. 3D cameras can also track body movements and gestures, which enables more natural and intuitive interaction with virtual objects, allowing users to make hand gestures to manipulate objects in AR/VR environments.

3D cameras have opened up new applications for AR/VR, particularly in areas such as education, training, and remote collaboration. As 3D camera technology continues to improve and becomes more widely available, the cost of using 3D cameras for AR/VR applications may decrease, opening up the field to a broader user base.

Challenge: Competition from established camera manufacturers

Prominent camera manufacturers such as Canon, Sony, and Nikon have well-developed brand recognition and customer loyalty, making it difficult for new players to enter the market. These manufacturers have established distribution channels and marketing networks that can be difficult to compete with. These players have experience in high-volume manufacturing, which allows them to produce cameras at lower costs than newer players. Furthermore, the limited demand for 3D cameras increases the per-unit production costs, making it challenging for new players to compete on price.

3d Camera Market Ecosystem

The 3D camera market is dominated by established and financially sound manufacturers with extensive experience in the industry. These companies have diversified product portfolios, cutting-edge technologies, and strong global sales and marketing networks. Leading players in the market include FARO (US), Ricoh Co., Ltd. (Japan), Leica Geosystems AG (Switzerland), Panasonic Holdings Corporation (Japan), and others.

Based on image detection technique, the 3D camera market for Time of Flight to hold highest CAGR during the forecast period.

The ToF segment in the 3D camera market is expected to grow at the highest CAGR during the forecast period. This growth can be attributed to the growing adoption of ToF 3D cameras in different verticals such as AR/VR, healthcare, automotive, and industrial. For instance, ToF cameras can be used to help robots navigate their environment by creating a 3D map of the surroundings. This can be useful in applications such as autonomous vehicles, drones, and industrial automation. Additionally, ToF cameras are well-suited for creating immersive AR and VR experiences, as they can accurately track the position and movement of objects in the real world.

Based on camera type, target 3D camera market to hold the highest market share from 2023 to 2028.

Target 3D cameras are used to capture highly accurate 3D models of objects, structures, or environments. This technology is used in various industries, including logistics, architecture, construction, manufacturing, medical and dental imaging, and entertainment. In logistics and supply chains, these cameras can help streamline the process of tracking and managing inventory. They can be used to automate tasks such as counting and sorting packages, which can help reduce errors and save time. For example, as packages are moved throughout warehouses, these cameras can capture 3D images of each package and use software algorithms to identify the package, track its location, and update inventory records in real time. This information can then be used to optimize workflows, reduce shipping errors, and improve the overall efficiency.

Automotive end-user industry to hold highest CAGR during the forecast period.

Automotive segment is expected to register the highest CAGR during the forecast period. The growing use of 3D cameras in automobiles is a recent trend in the automotive industry that is changing the way cars are designed and operated. These cameras use multiple lenses and sensors to capture depth information, which enables them to create a 3D map of the car's surroundings in real-time. One of the most significant benefits of using 3D cameras in cars is their ability to enhance safety features. For example, they can be used to detect obstacles, pedestrians, and other vehicles, which can help to prevent collisions and improve overall driving safety. They can also be used to assist with parking and provide better visibility in low-light conditions. In addition to safety features, 3D cameras can also be used for driver assistance and infotainment purposes. They can be used to monitor driver behaviour, such as eye movements and facial expressions, and provide alerts if the driver appears distracted or drowsy. They can also be used to enhance the user experience by providing interactive 3D maps and navigation systems.

3D camera market in Asia Pacific to hold the highest CAGR during the forecast period

The Asia Pacific region has been experiencing strong growth in the use of 3D cameras in applications such as virtual reality (VR), augmented reality (AR), robotics, and industrial automation. The APAC market is expected to grow at a higher CAGR during the forecast period. This growth is attributed to the growing use of 3D cameras, driven by technological advancements, the increasing demand for advanced imaging solutions, and a growing need for more accurate and detailed spatial data. As a result, the region will likely remain a key market for companies operating in the 3D camera industry, with strong opportunities for growth and innovation in the years ahead.

3D Camera Market by Region

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Top Companies 3D Camera Market

The 3D camera Companies are dominated by players such FARO (US), Ricoh Co., Ltd. (Japan), Leica Geosystems AG (Switzerland), Panasonic Holdings Corporation (Japan), Intel Corp. (US), and others.

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Scope of the Report

3D Camera Market Highlights

The study categorizes the 3D camera market based on the following segments:

Recent Developments

• In January 2023, Orbbec launched its latest 3D camera Gemini 2 at the CES 2023 convention in Las Vegas. This newest camera is equipped with ORBBEC’s next-generation depth engine chip, providing a 100° wide field of view along with a no blind zone technology in close range, making it possible for depth measurement from 0 distance to the range of 10m.
• In January 2023, MatterPort announced a collaboration with John Deere. As a part of this collaboration, John Deere will utilize Matterport’s Pro2 and Pro3 cameras to capture spatially accurate, 4k resolution digital twins to optimize facility operations.
• In December 2022, Giraffe360 announced the launch of Giraffe Go Cam. It offers a three times faster operating speed along with a four-inch screen, 500 GB of internal memory, and fast charging ability.
• In December 2022, Faro announced the acquisition of SiteScape, an innovator in LiDAR 3D scanning software solutions for the AEC and O&M markets. SiteScape enables LiDAR equipped mobile devices to easily capture indoor spaces digitally, providing a readily available entry-point to scanning physical spaces for a broad range of applications.

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