3D Camera Global Market Report 2024

The global 3D camera market has grown exponentially in recent years. It will grow from $16.21 billion in 2023 to $21.44 billion in 2024 at a compound annual growth rate (CAGR) of 32.2%. The growth in the historic period can be attributed to advancements in imaging technology, entertainment and media demand, drone and robotics applications, content creation for vr/ar.

The global 3D camera market is expected to see exponential growth in the next few years. It will grow to $60.82 billion in 2028 at a compound annual growth rate (CAGR) of 29.8%. The growth in the forecast period can be attributed to global expansion of AR and VR, 3D scanning in healthcare, industrial automation, autonomous vehicles. Major trends in the forecast period include 3D imaging for smartphones, miniaturization, artificial intelligence (AI) and machine learning (ML) integration, medical imaging innovations.

The expansion of consumer electronics is projected to be a driving force behind the future development of the 3D camera market. Consumer electronics (CE) encompass devices used in everyday activities for communication, entertainment, and information purposes, including mobile phones, PCs, tablets, televisions, DVD players, and more. Within this landscape, 3D smartphone cameras are integrated into smart consumer electronics products to bolster security by collecting detailed data for facial recognition systems and supporting augmented reality (AR) applications. For instance, as of January 2023, the International Data Corporation reports that global shipments of used mobile devices, including officially reconditioned and previously owned smartphones, are expected to reach 282.6 million units in 2022, marking an 11.5% increase from the 253.4 million units in 2021. Additionally, smartphone shipments are projected to reach 413.3 million units by 2026. Thus, the growth in consumer electronics is a significant catalyst for the 3D camera market.

The escalating adoption of industrial robots is poised to drive the growth of the 3D camera market in the near future. Industrial robots are specialized robotic systems employed in manufacturing processes within industrial settings. The growing adoption of industrial robots serves as a key driver for the utilization of 3D cameras. These cameras are finding increasing integration within robotics and drone systems, with the potential to substantially enhance performance and efficiency. As an example, a September 2022 report from the International Federation of Robotics reveals that 517,385 new industrial robots were installed in global companies in 2021, as indicated in the latest World Robotics Report. In 2021, Asia accounted for 74% of newly deployed robots worldwide, with China, the largest adopter in the region, witnessing a notable 51% growth in installations, totaling 268,195 units. Hence, the rising adoption of industrial robots is a significant driver of growth in the 3D camera market.

Economic factors are poised to impede the progress of the 3D camera market. These factors, including inflation, interest rates, and unemployment, have the potential to influence the demand for 3D camera solutions among both consumers and enterprises, thereby impacting global production and investments. As an illustration, as of November 2022, interest rates in the United States stood at 0.25%. According to long-term econometric models focused on US trade, it is expected that the US Fed Funds Rate will reach approximately 1.75% in 2023. Consequently, economic factors, notably interest rates, pose a hindrance to the growth of the 3D camera market.

Prominent companies within the 3D camera market are dedicated to creating cutting-edge products, such as high-resolution 3D cameras integrated with artificial intelligence (AI) solutions, to fortify their market positions. These 3D cameras with AI capabilities combine advanced depth sensing technologies with AI algorithms, enabling diverse applications and enhancing spatial perception. For instance, in January 2023, Orbec, a manufacturer of 3D cameras based in China, introduced the Femto Mega, the highest-resolution 3D vision camera featuring integrated depth and AI processing. This depth camera leverages Microsoft's ToF (Time of Flight) technology to provide precise scene interpretation across a 120-degree field of view and a range of 0.25 meters to 5.5 meters. It is complemented by a powerful 4K-resolution RGB camera with a 90° field of view. This camera stands as the highest-resolution 3D camera in the industry, offering real-time streaming of processed images through Ethernet or USB connections.

In June 2021, FARO Technologies Inc., a US-based company specializing in 3D cameras and other 3D measurement and imaging solutions, acquired HoloBuilder Inc., although the financial terms were not disclosed. This acquisition enabled the integration of FARO's highly precise 3D point cloud-based scanning technology with HoloBuilder's efficient reality-capture image documentation and remote access capabilities, offered through the HoloBuilder SaaS platform. Holobuilder Inc., based in California, is a manufacturer of 3D and 360° cameras.

Major players in the 3d camera market are Samsung Electronics Co. Ltd., Sony Corporation, LG Corporation, Panasonic Holdings Corporation, Intel Corporation, Canon Inc., Fujifilm Holdings Corporation, Ricoh Company Ltd., Nikon Corporation, GoPro Inc., Eastman Kodak Company, Leica Geosystems AG, Lucid VR Inc., Faro Technologies Inc., Matterport Inc., Orbbec Inc., FRAMOS GmbH, Lytro Inc., pmdtechnologies ag, GeoSLAM Limited, Arashi Vision Inc., KanDao Technology Co.Ltd., Mantis Vision Ltd., Quanergy Solutions Inc., Clearview Imaging Ltd., Stereolabs Inc., Photoneo s.r.o., Zivid AS, Sense Photonics Inc., LIPS Corporation.

Asia-Pacific was the largest region in the 3D camera market in 2023. The regions covered in 3D camera report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the 3D camera market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The primary categories of 3D cameras include target-free cameras and target cameras. Target-free cameras are those that capture images in the direction they are pointed without the need for specific reference points. Various technologies, such as stereo vision, time-of-flight, and structured light, are employed in professional cameras, smartphones, tablets, computers, and other devices. These 3D cameras serve a wide range of industries, including consumer electronics, security and surveillance, media and entertainment, medical applications, as well as construction and engineering, among others. They play a vital role in enhancing different aspects of imaging and perception within these sectors.

This report provides 3D camera market statistics, including 3D cameras industry global market size, regional shares, competitors with a 3D camera market share, detailed 3D camera market segments, market trends and opportunities and any further data you may need to thrive in the 3D camera industry. This 3D camera market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The 3D camera market consists of revenues earned by entities by providing services like real-time monitoring, predictive maintenance and enhancement identification. The market value includes the value of related goods sold by the service provider or included within the service offering. The 3D camera market also includes sales of lenses, lens cap holders, backpack mounts, nodal rail mounts and battery holders. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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