Smartphones to drive the growth of 3D Camera Market

6 Jan
2015

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Allied Market Research published a report titled "Global 3D Camera Market - Size, Industry Analysis, Trends, Opportunities, Growth and Forecast, 2013 – 2020." The report forecast the global 3D camera market to reach a market of $7,661.8 million by the year 2020 with a CAGR of 39.4% during the period 2014 - 2020. The increasing use of 3D cameras in the Smartphone would propel the overall market growth. The report estimates the around 80% of the Smartphones would have 3D camera by 2020.

3D content is getting popular in media & entertainment industry. Further, use of 3D imaging for security purposes, mobile robots, and home automation are driving the growth for global 3D camera market. The improvements in 3D scanning technologies allow the market companies to introduce products that deliver high-quality videos or images.

The low cost Smartphones with 3D cameras would experience highest adoption rate during the study period. Several smartphone producers, at present, recognize 3D technology as an important prospect to augment their product offerings. The report expects the 3D cameras application in smartphones would attain a value of $2.02 billion by 2020.

Stereo visioning technology would remain the foremost choice of the 3D camera manufacturers. This can be attributed to its low cost and simple design. Further, stereo visioning accounted for 60% of the overall market in terms of size in 2013.

The adoption rate of 3D cameras in table would surge with 60.4% CAGR during 2014-2020. Asia Pacific market is expected to grow rapidly by 2020 and reach a value of $3,403.0 million by 2020, growing at a CAGR of 44.1% during the forecast period. Within the span of two year, the report expects Asxia Pacifiuc to supersede the North America in terms of value.

The report profiles key global players that are contributing to the global 3D camera market. The companies are listed below:

Nikon
Cannon
GoPro
Kodak
Sony Electronics
Panasonic Corporation
LG Electronics

Akhilesh Prabhugaonkar

Author's Bio- Akhilesh Prabhugaonkar holds a bachelor’s degree in Electronics Engineering from the reputed Vishwakarma Institute of Technology. He has a special interest in the fields of forensics, world history, international relations and foreign policy, sports, agriculture, astronomy, security, and oceanography. An ardent bibliophile and melophile, Akhilesh loves to write on topics of his interest and various other societal issues. This love for writing made him enter the professional world of content writing and pursue his career in this direction.

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