3D Camera Market Size, Share, Industry Growth, Trends & Analysis by Image Detection Technique (Time of Flight, Structured Light, Stereoscopic Vision), Type (Target Camera, Target-free Camera), End-user Industry and Region (North America, Europe, Asia Pacific, RoW) - Global Forecast to 2028
Updated on : May 11, 2023
The global 3D camera market Size, Share, Industry Growth, Trends & Analysis in terms of revenue was estimated to be worth USD 3.6 Billion in 2023 and is poised to reach USD 9.1 Billion by 2028, growing at a CAGR of 20.3% from during forcast period (2023-2028).
The new research study consists of an industry trend analysis of the market. The growth of the 3D camera industry is propelled by wide applications of 3D imaging, increasing adoption of industrial robots, and rising demand for 3D cameras in construction. However, the high cost of 3D cameras and technological limitations are restraining factors for the growth of this market. The growth of AR/VR, advancements in 3D printing, and integration of machine learning in 3D cameras are key growth opportunity for players in the market.
3D Camera Market Forecast to 2028
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3D Camera Market Dynamics
Driver: Increasing adoption of industrial robots
The use of 3D cameras in robotics and drones is becoming more common. Using 3D cameras in robotics can significantly improve the performance and efficiency of manufacturing and other industrial applications. For instance, by using 3D cameras to capture detailed information about the environment, robots can be programmed to perform complex tasks with greater precision and accuracy. This can lead to increased efficiency, reduced waste, and improved safety in industrial settings.
As per the IFR (International Federation of Robotics), the 2022 World Robotics report showed an all-time high of 517,385 new industrial robots installed in 2021 in factories worldwide. The stock of operational robots globally hit a new record of about 3.5 million units, while global robot installations were expected to grow by 10% to almost 570,000 units in 2022. The increasing installation of industrial robots in 3D imaging will drive the demand for 3D cameras.
Restraint: Technological limitations
Despite advances in 3D camera technology, there may still be technological limitations that impact the quality of images and videos captured. For example, 3D cameras may struggle to capture accurate depth information in low-light conditions or environments with complex lighting. This can limit their adoption in certain applications, such as professional filmmaking or scientific research. Also, the range and depth perception of 3D cameras can be limited, particularly in low-light or high-contrast environments. This can result in inaccuracies or incomplete 3D models. Using 3D cameras can be more complex than traditional cameras, requiring specialized knowledge and training in areas such as 3D modeling and image processing. This can be a potential restraint for users who may not have the resources or expertise to utilize 3D cameras effectively.
Opportunity: Growth of AR/VR
The growth of 3D cameras has played a vital role in driving innovation and development in augmented reality (AR) and virtual reality (VR). For instance, 3D cameras capture in-depth information, which enables more realistic and immersive AR/VR experiences. This helps users feel more connected to the virtual world. 3D cameras can also track body movements and gestures, which enables more natural and intuitive interaction with virtual objects, allowing users to make hand gestures to manipulate objects in AR/VR environments.
3D cameras have opened up new applications for AR/VR, particularly in areas such as education, training, and remote collaboration. As 3D camera technology continues to improve and becomes more widely available, the cost of using 3D cameras for AR/VR applications may decrease, opening up the field to a broader user base.
Challenge: Competition from established camera manufacturers
Prominent camera manufacturers such as Canon, Sony, and Nikon have well-developed brand recognition and customer loyalty, making it difficult for new players to enter the market. These manufacturers have established distribution channels and marketing networks that can be difficult to compete with. These players have experience in high-volume manufacturing, which allows them to produce cameras at lower costs than newer players. Furthermore, the limited demand for 3D cameras increases the per-unit production costs, making it challenging for new players to compete on price.
3d Camera Market Ecosystem
The 3D camera market is dominated by established and financially sound manufacturers with extensive experience in the industry. These companies have diversified product portfolios, cutting-edge technologies, and strong global sales and marketing networks. Leading players in the market include FARO (US), Ricoh Co., Ltd. (Japan), Leica Geosystems AG (Switzerland), Panasonic Holdings Corporation (Japan), and others.
Based on image detection technique, the 3D camera market for Time of Flight to hold highest CAGR during the forecast period.
The ToF segment in the 3D camera market is expected to grow at the highest CAGR during the forecast period. This growth can be attributed to the growing adoption of ToF 3D cameras in different verticals such as AR/VR, healthcare, automotive, and industrial. For instance, ToF cameras can be used to help robots navigate their environment by creating a 3D map of the surroundings. This can be useful in applications such as autonomous vehicles, drones, and industrial automation. Additionally, ToF cameras are well-suited for creating immersive AR and VR experiences, as they can accurately track the position and movement of objects in the real world.
Based on camera type, target 3D camera market to hold the highest market share from 2023 to 2028.
Target 3D cameras are used to capture highly accurate 3D models of objects, structures, or environments. This technology is used in various industries, including logistics, architecture, construction, manufacturing, medical and dental imaging, and entertainment. In logistics and supply chains, these cameras can help streamline the process of tracking and managing inventory. They can be used to automate tasks such as counting and sorting packages, which can help reduce errors and save time. For example, as packages are moved throughout warehouses, these cameras can capture 3D images of each package and use software algorithms to identify the package, track its location, and update inventory records in real time. This information can then be used to optimize workflows, reduce shipping errors, and improve the overall efficiency.
Automotive end-user industry to hold highest CAGR during the forecast period.
Automotive segment is expected to register the highest CAGR during the forecast period. The growing use of 3D cameras in automobiles is a recent trend in the automotive industry that is changing the way cars are designed and operated. These cameras use multiple lenses and sensors to capture depth information, which enables them to create a 3D map of the car's surroundings in real-time. One of the most significant benefits of using 3D cameras in cars is their ability to enhance safety features. For example, they can be used to detect obstacles, pedestrians, and other vehicles, which can help to prevent collisions and improve overall driving safety. They can also be used to assist with parking and provide better visibility in low-light conditions. In addition to safety features, 3D cameras can also be used for driver assistance and infotainment purposes. They can be used to monitor driver behaviour, such as eye movements and facial expressions, and provide alerts if the driver appears distracted or drowsy. They can also be used to enhance the user experience by providing interactive 3D maps and navigation systems.
3D camera market in Asia Pacific to hold the highest CAGR during the forecast period
The Asia Pacific region has been experiencing strong growth in the use of 3D cameras in applications such as virtual reality (VR), augmented reality (AR), robotics, and industrial automation. The APAC market is expected to grow at a higher CAGR during the forecast period. This growth is attributed to the growing use of 3D cameras, driven by technological advancements, the increasing demand for advanced imaging solutions, and a growing need for more accurate and detailed spatial data. As a result, the region will likely remain a key market for companies operating in the 3D camera industry, with strong opportunities for growth and innovation in the years ahead.
3D Camera Market by Region
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Key Market Players
The 3D camera Companies are dominated by players such FARO (US), Ricoh Co., Ltd. (Japan), Leica Geosystems AG (Switzerland), Panasonic Holdings Corporation (Japan), Intel Corp. (US), and others.
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|
Segment |
Subsegment |
| Estimated Value | USD 3.6 Billion in 2023 |
| Projected Value | USD 9.1 Billion by 2028 |
| Growth Rate | CAGR of 20.3% |
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Market size available for years |
2019-2028 |
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Base year considered |
2022 |
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Forecast period |
2023-2028 |
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Forecast units |
Value (USD Million) |
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Segments covered |
By Image Detection Technique, Type, and End-user Industry |
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Geographies covered |
North America, Europe, Asia Pacific, and RoW |
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Companies covered |
The major market players include ORBBEC (China), FARO (US), Matterport, Inc. (US), Ricoh Co., Ltd. (Japan), Leica Geosystems AG (Switzerland), Panasonic Holdings Corporation (Japan), Giraffe360 (UK), Insta360 (China), NavVis (Germany), GeoSLAM (UK), Intel Corp. (US). (Total 26 players are profiled) |
3D Camera Market Highlights
The study categorizes the 3D camera market based on the following segments:
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Segment |
Subsegment |
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3D camera market, by image detection technique |
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3D camera market, by type |
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3D camera market, by end-user industry |
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3D camera market, By region |
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Recent Developments
- In January 2023, Orbbec launched its latest 3D camera Gemini 2 at the CES 2023 convention in Las Vegas. This newest camera is equipped with ORBBEC’s next-generation depth engine chip, providing a 100° wide field of view along with a no blind zone technology in close range, making it possible for depth measurement from 0 distance to the range of 10m.
- In January 2023, MatterPort announced a collaboration with John Deere. As a part of this collaboration, John Deere will utilize Matterport’s Pro2 and Pro3 cameras to capture spatially accurate, 4k resolution digital twins to optimize facility operations.
- In December 2022, Giraffe360 announced the launch of Giraffe Go Cam. It offers a three times faster operating speed along with a four-inch screen, 500 GB of internal memory, and fast charging ability.
- In December 2022, Faro announced the acquisition of SiteScape, an innovator in LiDAR 3D scanning software solutions for the AEC and O&M markets. SiteScape enables LiDAR equipped mobile devices to easily capture indoor spaces digitally, providing a readily available entry-point to scanning physical spaces for a broad range of applications.
Frequently Asked Questions (FAQ):
What are the major driving factors and opportunities in the 3D camera market?
Some of the major driving factors for the growth of this market include wide applications of 3D imaging, increasing adoption of industrial robots, and rising demand for 3D cameras in construction. Moreover, the growth of AR/VR, advancements in 3D printing, and integration of machine learning in 3D cameras are key growth opportunity for players in the market.
Which region is expected to hold the highest market share?
The market in Asia Pacific will dominate the market share in 2023, showcasing strong demand from 3D camera in the region. The market is driven by the increasing demand for 3D cameras in the entertainment and gaming industries, the growing adoption of 3D technology in the healthcare sector, and the increasing use of 3D cameras in industrial and manufacturing applications.
Who are the leading players in the global 3D camera market?
Companies such as ORBBEC (China), FARO (US), Matterport, Inc. (US), Ricoh Co., Ltd. (Japan), Leica Geosystems AG (Switzerland), Panasonic Holdings Corporation (Japan), Giraffe360 (UK), Insta360 (China), NavVis (Germany), GeoSLAM (UK), and Intel Corp. (US) are the leading players in the market. Moreover, these companies rely on strategies that include new product launches and developments, partnerships and collaborations, and acquisitions. Such advantages give these companies an edge over other companies in the market.
What are some of the technological advancements in the market?
Multi-camera arrays technology is an emerging technology that uses multiple cameras arranged in a specific configuration to capture images from different angles. These images are then combined using computer algorithms to generate a 3D map of the environment. The advantage of multi-camera array technology is that it enables capturing high-quality, high-resolution 3D images suitable for various applications, including virtual reality, augmented reality, and volumetric capture. By capturing images from multiple angles, multi-camera arrays can create a more detailed and accurate 3D map of the environment than other 3D camera technologies. One key application of multi-camera arrays is volumetric capture, the process of capturing a full 3D representation of a person or object.
What is the impact of global recession on the market?
The 3D camera industry is expected to be adversely impacted by the recession and rising inflation in 2023. The growth primarily depends on the production and sales of a broad range of semiconductor devices, including image sensors, optics lens, digital signal processors (DSP), communication interfaces (such as USB, Ethernet, Wi-Fi, Bluetooth), integrated circuits (ICs), and LEDs, which are primary components of 3D camera systems. With the increased inflation, interest rates, and unemployment, demand for 3D camera solutions among consumers and enterprises is bound to be less, which, in turn, will affect production and investments across the globe. Due to the recession, end-user segments, such as consumer electronics, automotive, healthcare, and industrial, which use 3D cameras, would have low CAPEX spending for 3D camera-based solution development.
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The study involved four major activities in estimating the current size of the 3D camera market. Exhaustive secondary research was done to collect information on the market, peer market, and parent market. The next step was to validate these findings, assumptions, and sizing with industry experts across the value chain through primary research. Both top-down and bottom-up approaches were employed to estimate the complete market size. After that, market breakdown and data triangulation were used to estimate the market size of segments and subsegments.
Secondary Research
Secondary sources for this research study included corporate filings (such as annual reports, investor presentations, and financial statements); trade, business, and professional associations; white papers; certified publications; articles by recognized authors; directories; and databases. The secondary data was collected and analyzed to determine the overall market size, further validated through primary research.
List of major secondary sources
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SOURCE |
WEB LINK |
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NIST (National Institute of Standards and Technology) |
https://nvlpubs.nist.gov/nistpubs/Legacy/TN/nbstechnicalnote1682.pdf |
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Semiconductor Industry Association |
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European Machine Vision Association |
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National Stereoscopic Association |
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Automated Imaging Association |
Primary Research
Extensive primary research was conducted after gaining knowledge about the current scenario of the 3D camera market through secondary research. Several primary interviews were conducted with experts from both demand and supply sides across four major regions—North America, Europe, Asia Pacific, and RoW. This primary data was collected through questionnaires, emails, and telephonic interviews.
To know about the assumptions considered for the study, download the pdf brochure
Market Size Estimation
Both top-down and bottom-up approaches were used to estimate and validate the size of the 3D camera market and its various dependent submarkets. The key players in the market were identified through secondary research, and their market share in the respective regions was determined through primary and secondary research. This entire procedure involved the study of annual and financial reports of top players and extensive interviews with industry leaders such as chief executive officers (CEOs), vice presidents (VPs), directors, and marketing executives. All percentage shares and breakdowns were determined using secondary sources and verified through primary sources. All the possible parameters that affect the markets covered in this research study were accounted for, viewed in extensive detail, verified through primary research, and analyzed to obtain the final quantitative and qualitative data. This data was consolidated and supplemented with detailed inputs and analysis from MarketsandMarkets and presented in this report.
Bottom-Up Approach
The bottom-up approach was used to arrive at the overall size of the 3D camera market from the revenues of the key players and their shares in the market. The overall market size was calculated based on the revenues of the key players identified in the market.
- Identifying various end-user industries using or expected to implement 3D cameras
- Analyzing each end-user industry and application, along with the major related companies and 3D camera hardware providers
- Estimating the 3D camera market for end-user industries
- Understanding the demand generated by companies operating across different end-use applications
- Tracking the ongoing and upcoming implementation of projects based on 3D camera technology by end-user industries and forecasting the market based on these developments and other critical parameters
- Carrying out multiple discussions with the key opinion leaders to understand the type of 3D camera-based products designed and developed by end-user industries. This information would help analyze the breakdown of the scope of work carried out by each major company in the 3D camera market
- Arriving at the market estimates by analyzing 3D camera companies as per their countries and subsequently combining this information to arrive at the market estimates by region
- Verifying and cross-checking the estimates at every level through discussions with the key opinion leaders, including CXOs, directors, and operations managers, and finally with domain experts at MarketsandMarkets
- Studying various paid and unpaid sources of information, such as annual reports, press releases, white papers, and databases
Top-Down Approach
In the top-down approach, the overall market size has been used to estimate the size of the individual markets (mentioned in the market segmentation) through percentage splits from secondary and primary research.
To calculate the market size of specific segments, the most appropriate immediate parent market size has been used to implement the top-down approach. The top-down approach was implemented for the data extracted from the secondary research to validate the market size obtained.
The market share of each company was estimated to verify the revenue shares used earlier in the top-down approach. The overall parent market size and individual market sizes were determined and confirmed in this study by the data triangulation method and the validation of data through primaries. The data triangulation method used in this study is explained in the next section.
- Focusing on top-line investments and expenditures being made in the ecosystems of various end-user industries. Additionally, listing key developments, analyzing updated technology in the marketplace, as well as evaluating the market by further splitting it into various image detection techniques
- Building and developing the information related to the market revenue generated by key 3D camera manufacturers
- Conducting multiple on-field discussions with the key opinion leaders involved in the development of 3D camera products in various end-user industries
- Estimating geographic splits using secondary sources based on various factors, such as the number of players in a specific country and region, the type of 3D camera, and the level of solutions offered in end-user industries
- The impact of the recession on the steps mentioned above has also been considered
Data Triangulation
After arriving at the overall size of the 3D camera market from the market size estimation process explained above, the total market was split into several segments and subsegments. Data triangulation procedures were employed wherever applicable to complete the overall market engineering process and arrive at the exact statistics for all segments and subsegments. The data was triangulated by studying various factors and trends from both, demand, and supply sides. In addition to this, the market size was validated using top-down and bottom-up approaches.
Market Definition
A 3D camera is capable of capturing three-dimensional images or videos, which can be viewed from different angles to provide a sense of depth and spatial information. These cameras use various technologies such as stereoscopic imaging, depth mapping, and structured light scanning to capture 3D images. They are commonly used in industries such as entertainment, gaming, virtual reality, and medical imaging to create 3D models and maps in various fields like engineering, architecture, and surveying. In the consumer electronics industry, 3D cameras are often used to capture 3D photos and videos to share on social media or to view on 3D-capable televisions and monitors.
In addition to their applications in various industries, 3D cameras have become increasingly popular in recent years in the consumer market. They are used by hobbyists, enthusiasts, and professionals alike to capture 3D photos and videos of landscapes, people, animals, and more.
Key Stakeholders
- Government and financial institutions and investment communities
- Analysts and strategic business planners
- 3D camera product designers and fabricators
- 3D camera hardware providers
- 3D camera providers
- 3D camera integrated solution providers
- Business providers
- Professional service/solution providers
- Research organizations
- Technology standard organizations, forums, alliances, and associations
- Technology investors
Report Objectives
- To define, describe, and forecast the 3D camera market size, by image detection technique, type, end-use industry, and region in terms of value
- To forecast the 3D camera market size, by end-use industry, in terms of volume
- To forecast the size of the market segments for four major regions—North America, Europe, Asia Pacific, and Rest of the World (RoW)
- To provide detailed information regarding the major drivers, restraints, opportunities, and challenges influencing the growth of the market
- To strategically analyze micromarkets1 with respect to individual growth trends, prospects, and contributions to the total market
- To study the complete value chain and allied industry segments and perform a value chain analysis of the market
- To strategically profile the key players and comprehensively analyze their market shares and core competencies2
- To analyze the opportunities in the market for stakeholders and describe the competitive landscape of the market
- To analyze competitive developments such as joint ventures, collaborations, agreements, contracts, partnerships, mergers & acquisitions, product developments, and research & development (R&D) in the market
- To analyze the impact of the recession on the 3D camera market
Available Customizations
With the given market data, MarketsandMarkets offers customizations according to the specific requirements of companies. The following customization options are available for the report:
- Detailed analysis and profiling of additional market players (up to 5)
- Additional country-level analysis of the 3D camera market
Product Analysis
- Product matrix, which provides a detailed comparison of the product portfolio of each company in the 3D camera market.
Generating Response ...
Growth opportunities and latent adjacency in 3D Camera Market