Global 3D Camera Market is Estimated to Reach $43.1 Billion by 2025, Says Accurize Market Research
Global 3D camera market report published by Accurize Market Research forecast that the global market is expected to reach $43.1 billion by 2025; growing at a CAGR of 40.9% from 2017 to 2025. By geography, Asia Pacific and North America are expected to grow at a CAGR of XX% and XX%, respectively, during the forecast period.
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Rising need of 3D cameras from entertainment business and improved customer preferencesacross the globe to drive the growth of the market
Rising need of 3D cameras from entertainment business and improved customer preferences,fuel the demand for the global 3d camera market. Moreover, up-gradations in 3D scanning technology also boost the growth of the market.
Market Segmentation
The global 3D camera market has been bifurcated on the basis oftype, technology, application, and geography. The type segment comprises target-free camera and target camera. Further, technology comprises time-of-flight (TOF), structured light, and stereo vision. While application comprise smartphones, professional cameras, computers, tablets, and other applications.
By geography the market is segmented into North America, Europe, Asia-Pacific and Rest of the World (RoW). North America is further bifurcated in U.S., Canada, and Mexico whereas Europe segment consist of UK, Germany, France, Italy, and Rest of Europe. Asia-Pacific is segmented into India, China, Japan, South Korea, and Rest of Asia-Pacific while RoW is bifurcated into South America, Middle East, and Africa.
“Target-free cameras accounted for the largest market share in the type segment", says Accurize
Bytype,target-free cameras accounted for the largest market share in 2017, in the type segment, and are expected to continue its dominance during the forecast period 2017 – 2025. Advantages of target-free cameras are that it can view the area in the way where the camera is directed, and are signified by a single icon which makes them easy to animate.
“Stereo vision accounted for the largest market share in the technology segment", says Accurize
By technology segment, stereo vision accounted for the largest market share in 2017 and is expected to continue its dominance during the forecast period 2017 – 2025. Stereo camera technology is cost effective and used for taking 3D immobile photographs, which is driving the growth of the market.
“Asia-Pacificdominated the global market with the highest market share over the forecast period", says Accurize
In 2017, Asia-Pacific dominated the global market with largest market share of 35.1% and expected to continue its dominance during the forecasted period. The growing home automation market coupled with high adoption of 3D cameras in the region drive the market growth.
Top players in the market
The key market players include Sony Corporation, Nikon, GoPro, Inc., Canon, LG Electronics Inc., Fujifilm Corporation, Panasonic Corporation, Faro Technologies, Samsung Electronics Co., Ltd., and Kodak among others.
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