Why Understanding 3D Camera Technology is Vital for Your Business?

3D cameras are one of the latest innovations in the field of digital imaging technologies. A 3D camera is a digital imaging device which captures an image in the same way human binocular vision would capture it. For this, 3D cameras use multiple lenses which cover the area to be captured from various angles and perspectives. Since the technology behind the working of 3D cameras is stereoscopic imaging, 3D cameras are sometimes also called stereo cameras.

Different technologies used in 3D cameras

Over the past few years, different 3D camera technologies have been developed to suit their various applications. The most basic form of 3D camera technology is stereo vision technology. In this, two camera lenses are placed at the same distance from the area to be captured and each lens captures the same image through a different angle. The lens distortion parameters and roto translation help in developing 3D imaging solutions of the captured image. Another popular 3D camera technology is the time-of-flight camera. In this technology, the camera is equipped with a laser or LED light which helps in measuring the distance between the camera lens and the object. This helps the camera to create an image of the surroundings and generate a denser 3D output. The other two technologies, viz., structured light and laser triangulation are also somewhat similar to time-of-flight technology. 

Mergers and acquisitions

As the nature of depth sensing technologies has changed, many companies in the 3D camera industry, in order to maintain their dominance, have resorted to establishing strategic alliances with other companies in the market. In July 2022, for example, TKH Group N.V. (TKH) announced the acquisition of Nerian Vision GmbH, a German stereo vision technology developer. The acquisition, as per the statement released by TKH Group, will help the company to expand its operations significantly.

In a similar acquisition in August 2023, Boris FX, a visual effects applications developer, announced the acquisition of SynthEyes from Andersson Technologies LLC. Boris FX released a statement which said that the acquisition will help the company to use the expertise of SynthEyes for their future projects. Such strategic alliances, in the form of mergers and acquisitions, widen the scope of the industry in the long run.

Growth drivers impacting the industry

The growth of the 3D camera market can be attributed to the rising demand for 3D content from the entertainment industry. Apart from this, an overall improvement in the 3D scanning technology is predicted to generate massive growth opportunities in the market. Moreover, a rise in home automation and virtual reality applications will help the market to flourish in the coming period.

Segmental analysis of the market has shown that the professional camera segment is projected to garner an absolute revenue of $63054.8 million from 2022 to 2032 period. In the same period, the smartphone, tablet, computer, and others segment will collectively hold a revenue of $70082.8 million. Regional analysis, on the other hand, puts the market in Australia at the top of the table with a CAGR of 38.70% in the forecast period.

The global 3D camera market, to conclude, is estimated to benefit largely from the increasing demand from the entertainment industry and the strategic alliances among the major companies in the market.

Related Post