3D Camera Market to hit $7.89 Billion by 2021: By Type, Application & Technology

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According to the report by Zion Market Research, the global 3D camera market accounted for USD 1.25 billion in 2015 and is expected to reach USD 7.89 billion by 2021, growing at a CAGR of around 35% between 2016 and 2021.

The 3D camera captures three-dimensional images by emphasizing the overall visual application of the photograph. 3D cameras have more than two lenses with a separate sensor. It acts as a human binocular vision and hence able to capture three-dimensional images.

The global 3D cameras market is primarily driven by innovation and enhanced visual applications. Moreover, implementation of 3D technology in video cameras and entertainment industry is anticipated to raise market demand over worldwide.However, lack of awareness and increasing cost are a major restraining factor. In addition, increasing adoption of virtual reality applications and home automation is anticipated to open a new growth window in the years to come.

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The 3D camera market is segmented on the basis of types, applications, technology, and geography.Target-free camera, target camera, and others are some of the important product segments of global 3D camera market. The target-free camera has the largest market share in 2015. Increasing adoption in applications such as smartphones and tablets is expected to fuel market demand for 3D camera’sin near future.Professional cameras contribute largest market share all over the world.It majorly used in the media and entertainment, due ability to record real life scenario.

Stereo camera dominated the global 3D camera market by technology in 2015.Increasing demand for the stereo camera technology is expected to drive the demand for 3D cameras in the near future.This technology is useful for taking 3D still photographs with two lenses.

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Major regional segments include North America, Europe, Asia-Pacific, Latin America and the Middle East with its further bifurcation into major countries including U.S., Germany, France, UK, China, Japan, China, and India.North America was the dominating region in 2015.Growing demand for 3D technology and visual effect from entertainment in Asia Pacific is expected drive demand for 3D cameras in the region. China and Japan accounted for the largest share of the 3D camera market in Asia Pacific.Moreover, improvement in the purchasing power and adoption of latest technology in emerging economies is expected to trigger the demand for 3D cameras.

Key players in the 3D camera market include Panasonic Corp.,Nikon,Samsung Electronics Corp.,Sony Corp.,Kodak Fujifilm Corp.,FaroTechnologies.,LG Electronics Inc., Go Pro. Canon and others.

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