Global 3D Camera Market worth USD 7.89 Billion by 2021: Zion Market Research

Zion Market Research has published a new report titled “3D Camera (Free Camera, Target Free Camera and Others) Market by Technology (Structured Light, Time of Flight and Stereo Vision) for Smartphone, Cameras, Computer, Tablets, Notebook PC and Other Applications: Global Industry Perspective, Comprehensive Analysis and Forecast, 2016-2021.” According to the report, 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 2015 and 2020.

3D camera is an electronic device used to capture three-dimensional image. It is consisting of 3D technology. It has more than two lenses with separate sensors. It acts as a human binocular vision and hence able to capture three-dimensional images.

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Rapid technological advancementand improved visual applications are expected to fuel the growth of 3D camera market across the world. Demand for 3D camera is increasing at rapid pace as compared to digital camera.However,increasing concern regarding costis expected to affect the growth of this industry over the forecast period.Moreover, lack of awareness among end-users aboutthis technology is also expected to prohibit the growth of 3D camera market.

Target-free camera has largest market share in total revenue generated by global 3D camera market in 2015.Professional cameras majorly used in the media and entertainment owing to its ability to record real life scenario. Stereo camera technology is useful for taking 3D still photographs with two lenses. Smart phone is the largest application segment in 3D camera market across the globe. Smartphones are available at lower cost with 3D technology is expected to fuel the growth of 3D camera market over forecast period.

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North America was dominating regional market for 3D camera in 2015.Growing demand for the 3D technology and visual effect from entertainment industry is expected todrive the demand for3D camera in Asia-Pacific region. Emerging economies are expected to experience rapid growth in demand for 3D camera during the forecast period due toimprovement in the purchasing powerand adoption of latest technology in developing countries.

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

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