Global 3D Cameras Market to Expand Swiftly owing to Enhanced Visual Appeal of 3D Cameras

Press release   •   Jul 11, 2016 09:46 EDT

A new report from Transparency Market Research, titled ‘3D Cameras Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2016 - 2023,’ states that the global market is expected to expand at a swift pace during the period between 2016 and 2023 owing to factors such as rapid innovation and technical advancements in the industry and the introduction of improved visual appeal 3D cameras.

3D cameras permit photographers to capture pictures that create illusions in 2D photographs, thus enhancing the visual appearance of the photos. The incorporation of 3D technology in video cameras has been the backbone of the global entertainment industry for many years. 3D videos enable viewers to submerge themselves in the on-screen action more naturally than 2D footage. 3D still cameras are a recent innovation and are expected to become commercially popular across the world in the years to come.

The stereo camera technology is popularly used in the manufacturing process of 3D still photographs. Stereo 3D cameras use two camera lenses rather than one lens that defines the present pattern of cameras. This lets the camera function just like human eyes and provides in-depth perception to photographs. The global 3D cameras market is expected to expand swiftly in the years to come due to the increasing popularity of 3D content. The engaging nature of 3-dimensional photography is expected to become commercially lucrative in the current market. The constantly increasing demand for 3D television sets is also predicted to benefit the global 3D cameras market in the long run.

3D cameras are now being increasingly adopted in smartphones, which is another factor expected to propel the global 3D cameras market. It is easy to carry smartphones with inbuilt 3D cameras instead of carrying heavy weight and expensive SLR cameras. Many amateur photographers use smartphones inbuilt with 3D cameras to practice their photography. This is one of the factors expected to boost the global 3D cameras market. By region, the global 3D cameras market is divided into Latin America, North America, the Middle East and Africa, Asia Pacific, and Europe. The demand for 3D camera-equipped smartphones is predicted to increase in the Middle East and Africa and Asia Pacific.

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The increasing use of 3D cameras in home security technologies and home automation is also expected to benefit the global 3D cameras market in the near future. 3D cameras offer high accuracy in security videos. The increasing demand for 3D scanning is further expected to be beneficial for the growth of the global 3D cameras market. The high cost of 3D cameras is the biggest challenge for the global market in the coming few years. Even though there is an improvement in the purchasing power of people, not everyone can afford to buy expensive smart applications with 3D cameras. This is expected to hamper the growth of the global 3D cameras market in the long run.

Nikon, GoPro, Panasonic, LG, Canon, and Sony Electronics are some of the leading players expected to introduce new 3D cameras in the global market in the years to come.

Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.