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3D Cameras market is estimated to reach $9.54 Billion by 2022

Press Release   •   Aug 24, 2017 05:57 EDT

3D cameras are usually the type of cameras which have the capability of generate the 3-dimensional image of an object. 3D Cameras market is segmented based on product, technology, application and geographic regions. On the basis of product, the market is segregated into smartphones, tablets, professional cameras, hobbyist cameras and some others. Professional cameras product type is projected to dominate the market value and tablets are likely to witness high growth rate during forecast period owing to the increasing penetration of 3D cameras in tablets to measure the length, width and height as well as to calculate the total volume of the object. Dell and Intel are using 3D camera technology to identify, measure and recognize gestures. Tablets are being developed to scan objects that could be reproduced on 3D printers can be further augment the market.

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By application, the market is categorized into general photography, consumer electronics, gaming, healthcare, automotive, industrial sector and some others. Consumer electronics application is projected to continue its market dominance during the period 2015-2022 and projected to grow at a CAGR of CAGR of 23.24% during the forecast period. Media & entertainment is the next dominating segment in terms of market value and is estimated to grow at a CAGR of 10.64% during 2016-2022.

The overall market value is estimated to grow at a CAGR of 14.89% during the forecast period (2016-2022) and projected to reach $9.54 billion by 2022. APAC is projected to dominate and witness brisk growth rate of 17.06% during the forecast period, owing to the increasing adoption of technologies in healthcare, automotive and gaming applications. Automotive manufacturers from APAC region are striving to adopt 3D cameras in the automotive designing applications. Key companies for the 3D cameras market include Sony Corporation (Japan), Panasonic Corporation (Japan), Eastman Kodak Company (U.S.) and Nikon Corporation (Japan).

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