Key Market Overview:
3D camera market size was valued over USD 16.1 Billion in 2022 and is estimated to exceed USD 134.3 Billion by 2030, registering a CAGR of 35.4% during the forecast period (2023-2030).
A 3D camera is a device used for imaging that allows for the representation of depth in images and interpreting the experience of viewing objects in three dimensions through the use of binocular vision. Multiple points of view are captured using two or more lenses in some 3D cameras whereas others use a single lens that is capable of shifting the camera position.
However, 3D cameras capture depth information using a variety of techniques, such as time-of-flight, structured light, stereo vision, or ultrasound as compared to conventional cameras that capture just 2D images. Such captured depth information is used for a variety of applications such as virtual reality, augmented reality, 3D scanning, robotics, and autonomous vehicles. Moreover, 3D cameras also find major applications in industrial settings to detect defects and dirt in production processes. The emergence of the latest technologies allows the production of such industrial 3D cameras with a high-precision vision to enable a view over a 360° spectrum via the collection of X, Y, and Z axes dimensions in terms of image data.
Moreover, a rising rate of technology adoption in the construction industry is expected to boost the demand for 3D cameras as 3DI (3D Imaging) systems that are based on time-of-flight technology. For instance, according to a report published by World Economic Forum, the construction industry accounts for over 6% of global GDP with total annual revenues of around USD 10 trillion along with an added worth of USD 3.6 trillion. Thus, usage of 3DI systems is estimated to witness an increase during the forecast period in terms of safe distance surveying.
3D camera Report Coverage:
|Report Attributes||Report Details|
|Market Size in 2030 (USD Billion)||134.3 Billion|
|CAGR (2023-2030)||35.4 %|
|By Solution||Hardware and Software|
|By Technology||Time-Of-Flight (TOF), Stereo Vision, Laser Triangulation, Structured Light|
|By Industry||Media and Entertainment, Construction, Consumer Electronics, Medical, Manufacturing, Automotive, Logistics|
|By Geography||Asia-Pacific [China, Southeast Asia, India, Japan, Korea, Western Asia] |
Europe [Germany, UK, France, Italy, Russia, Spain, Netherlands, Turkey]
North America [United States, Canada, Mexico]
Middle East & Africa [GCC, North Africa, South Africa]
South America [Brazil, Argentina, Columbia, Chile, Peru]
|Key Players||Canon 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, L.P., Vision Components GmbH|
Growing demand in the entertainment industry for movies, TV shows, and video games fuels the growth of the 3D camera market in terms of large usage for capturing high-quality 3D content to create immersive and engaging experiences for consumers. Moreover, rising expenditures on industrial automation also boost the demand for 3D cameras for effective monitoring of material handling and inspection. Further, increased expenditures on the development of advanced 3D camera technologies, such as time-of-flight (ToF) cameras also drive the market growth. The increased demand for ToF cameras is due to the usage of laser technology to accurately measure distance and create 3D images that offer applications in autonomous vehicles and robotics.
High costs of 3D camera technology as compared to conventional 2D cameras mainly hampers the growth of market statistics. Also, rising privacy concerns due to the idea of being scanned without consumer knowledge or consent restrict the wide adoption of the 3D camera in several consumer electronics. Furthermore, reduced usage of 3D cameras for 3D imaging due to the presence of alternatives such as LiDAR technology, which is also used for depth sensing and 3D modeling hinders the expansion of market statistics.
The scope of improvements in optical technology such as 3D sensing technology in terms of augmented and virtual reality (AR & VR) is expected to create lucrative opportunities for market growth. Furthermore, emerging advancements in medical imaging and surgical planning are anticipated to offer creative opportunities for market growth in terms of capturing detailed images of a patients anatomy to develop personalized treatment plans.
3D camera Market Segmentation:
The solution segment is bifurcated into hardware and software. The software segment accounted for highest shares contribution to the market growth in 2022. The integration of 3D machine vision-guided automation within manufacturing facilities is estimated to support segmental growth in terms of sophisticated structured-light algorithms. Furthermore, the hardware segment is also projected to contribute substantial shares to the 3D camera market growth during the forecast period. The hardware components of a 3D camera include a camera sensor, an infrared projector, and an image processor. The camera sensor captures the color and intensity information of the scene, while the infrared projector emits a pattern of infrared light onto the scene. This pattern is used to calculate the distance between the camera and each point in the scene, allowing the camera to capture depth information. The high demand for the 3D camera as hardware due to high precision, easy configuration, and accurate processing of object color to simplify scene understanding supports the segmental growth during the forecast period.
The technology segment is divided into Time-of-Flight (TOF), stereo vision, laser triangulation, and structured light. The stereo vision segment contributed largest shares to the market growth in 2022. Stereo vision is a machine vision technique that provides a large field of view 3D measurements with the usage of two or more machine vision cameras. Stereo vision operates on the same principle as human 3D perception, which relies on triangulating rays originating from multiple vantage points. Thus, stereo vision finds major applications in robot navigation and advanced driver assistance systems (ADAS) to estimate the range of objects of interest or actual distance from the camera. Further, Time-of-Flight (TOF) segment is also anticipated to support the market growth in terms of volume. The working of 3D time-of-flight (TOF) camera involves illumination of the scene with the help of modulated light source to observe the reflected light. Further, the phase shift between the reflection and illumination is calculated and translated to distance. Thus, Time-of-Flight (ToF) technology-based cameras find a range of applications such as robot navigation, object detection, and vehicle monitoring.
The industry segment is separated into media and entertainment, construction, consumer electronics, medical, manufacturing, automotive, and logistics. The consumer electronics segment contributed the largest shares to the market growth in 2022. High requirement of constant monitoring of the assembly line to reduce the risks of errors in material handling supports the demand for 3D cameras in terms of meeting the high-quality requirement for consumer electronics. Moreover, the construction industry is also anticipated to contribute substantial shares to the market growth during the forecast period. Growing adoption of technologically advanced 3D imaging in various tasks such as surveying, estimations of volume, identification of conflicts, generation of as-built models, monitoring dimensions and tolerances, and creation of topographic maps is expected to propel segmental growth.
The regional segment includes Asia Pacific, North America, Europe, Latin America, and the Middle East and Africa. Asia Pacific contributes largest shares to the market growth in 2022. Increased investments in research and development for development of advanced imaging technologies, especially in countries such as China, Japan, and South Korea supports the growth of 3D camera market statistics in the Asia Pacific region.
Moreover, North America is anticipated to witness the fastest CAGR growth during the forecast period. Growing adoption of technology advancements within industries such as construction, automotive, media, and entertainment is expected to offer creative opportunities for market growth in the North American region in terms of surveillance, monitoring, and surveying.
3D Camera Market Competitive Landscape:
The 3D camera market is a rapidly growing industry that is mainly driven by the increasing demand for high-quality 3D imaging in various applications such as gaming, virtual reality, medical imaging, and others. The market is highly competitive due to the large-scale offering of a range of 3D cameras and related technologies by several manufacturers. Thus, increased focus on product innovations along with business strategies is expected to offer lucrative opportunities for manufacturers to strengthen their market position. Mentioned are leading market players with established positions in market circumstances–
• Canon India Pvt Ltd.
• Faro Technologies Inc.
• GoPro Inc.
• Eastman Kodak Co
• Panasonic Corporation
• Sony Corporation
• Samsung Electrocnics Corp.
• MATRIX VISION GmbH
• HP Development Company, L.P.
• Vision Components GmbH
• In March 2021, LG Innotek, a major player in the components industry, and Microsoft entered into a partnership to create 3D sensing modules using Microsoft ToF technology. Also, the two companies are expected to work together to introduce cloud-connected 3D cameras to the market.
• In September 2022, Vision Components launched the latest OEM laser profiler named VC picoSmart 3D. The product offers integrated processors for analyzing 3D profile data and performing additional image processing tasks. All of the components have been designed to work seamlessly together, including a compact embedded vision system comprising a 1-megapixel image sensor, a high-end FPU processor and a FPGA. Additionally, there is a line laser module that features a blue high-power laser.
• In November 2022, MATRIX VISION introduced a BVS 3D-RV1 3D camera that has 12 Mpixel sensors for high detection accuracy, making it ideal for handling small and intricate parts in larger viewing areas. The camera has been specifically designed to detect and handle small parts even in large detection areas and work efficiently at distances of up to 4 m. The stereo camera is fitted with advanced global shutter CMOS sensors that provide high-quality imaging.