3D Camera Market Size, Share & Trends Analysis Report By Technology (Stereo Vision, Time of Flight, Structured Light), By Application (3D Scanning & Modelling, 3D Imaging), By End Use, By Region, And Segment Forecasts, 2024 - 2030

3D Camera Market Size & Trends

The global 3D camera market size was estimated at USD 6.16 billion in 2023 and is expected to grow at a CAGR of 17.3% from 2024 to 2030. The growth of the market can be attributed to the increasing adoption of 3D cameras in consumer electronics, particularly smartphones, as smartphone vendors, such as Apple, Inc. and Samsung Electronics Co., Ltd., continue to integrate advanced 3D imaging capabilities into their devices to facilitate facial recognition, enhance photography, and provide augmented reality (AR) and virtual reality (VR) experiences in entertainment and gaming.

The demand for 3D cameras is surging across various sectors, including home security, military applications, and industrial settings, further accelerating its global uptake. In the realm of cinema and television, these cameras are increasingly being used to produce captivating 3D content. This widespread adoption, combined with their evolving functionality, is anticipated to significantly contribute to the growth of 3D cameras for various purposes in the coming years.

The growing demand for 3D content has become a major driver for the market growth. Innovations in technology have generated consumer interest in immersive experiences that offer a sense of depth and realism. This trend is evident in various industries, including entertainment, gaming, education, and virtual reality, where 3D content is becoming increasingly prevalent. Companies are investing heavily in 3D technology to meet consumer expectations and stay competitive. Consequently, the demand for 3D content is rising rapidly and is expected to augment the demand for 3D cameras in the coming years.

Additionally, the entertainment industry has significantly contributed to market growth. Many movies and television shows are now produced in 3D, driving up the demand for specialized 3D cameras from studios and production companies. For example, movies like Gravity, Avatar: The Way of Water, Avatar, and Jurassic World, among others have achieved huge commercial success largely due to their innovative use of 3D technology. Similarly, television shows like The Mandalorian and Game of Thrones have utilized 3D technology to create stunning visual effects and immersive worlds.

Furthermore, the implementation of the 3D camera in the automotive sector for autonomous driving, Advanced Driver Assistance Systems (ADAS), and in-cabin monitoring to ensure a safe and risk-free driving experience is significantly boosting the market growth. Technological advancements in 3D imaging and AI integration are also boosting the adoption of 3D cameras. The inclination toward smart and connected vehicles further accelerates market growth for the market. 

Market Concentration & Characteristics

The degree of innovation in the market is high, with continuous advancements in technology enhancing resolution, depth perception, and ease of use. These innovations are driving increased adoption across various industries, including entertainment and virtual reality.

The 3D camera market is witnessing a significant impact of government regulations and policies. Regulations in the market ensure safety and quality standards, influencing product development and compliance costs. These regulations can affect market entry barriers and innovation pace for manufacturers.

The market is also being influenced by the rising number of mergers & acquisition activities that help companies increase market share, expand the customer base, and strengthen product portfolios.

Product substitutes are having a considerable impact on the market. The presence of substitutes increases competition within the market and the availability of substitutes can drive down prices and pressure 3D camera manufacturers to innovate continuously.

The market has a high end user concentration in the entertainment industry, including film and television production companies. Additionally, sectors like gaming, virtual reality, and education also contribute significantly to the demand.

Technology Insights

The time of flight segment dominated the market in 2023 with a market share of around 41%, driven by the aggressive application of 3D cameras in autonomous vehicles and smart devices for accurate distance mapping and object detection to improve the user interface and enhance safety. Moreover, recent advancements have brought forth the development of more compact and energy-efficient ToF sensors, enhancing their integration into portable devices, thereby driving the segment growth.

The structured light segment is expected to record a significant CAGR of over 16% from 2024 to 2030. The segment growth is attributed to its application in the medical field in accurate 3D scans of patients’ anatomy drives its adoption. Recent developments have focused on improving the speed and robustness of structured light systems, making them more suitable for dynamic environments. Moreover, the growing demand for 3D content creation in the entertainment and media industry further supports the expansion of structured light segment.

Application Insights

The 3D imaging segment held the highest revenue share in 2023, driven by the increasing demand for immersive and interactive experiences in entertainment and gaming. Moreover, the integration of 3D imaging in smartphones and consumer electronics is making the technology more accessible to a broader audience and the segment’s application across security, surveillance, and industrial automation is expanding the use cases for 3D imaging, thereby driving the growth of the segment. 

The augmented reality (AR) & virtual reality (VR) segment is estimated to register the fastest CAGR from 2024 to 2030. The growth is attributed to the aggressive integration of 3D imaging in smartphones and other consumer electronics, which is making AR and VR technologies more accessible to a broader audience. The innovations in 3D camera technology, such as the development of cameras that can capture 3D data in a single exposure, are making the integration with AR and VR systems more efficient and cost-effective, thereby augmenting the segment growth.

End-use Insights

The consumer electronics segment accounted for the highest market share in 2023. The segment growth is attributed to the growing demand for high-quality imaging and interactive experiences. The rising popularity of social media platforms that utilize 3D imaging for content creation is further driving the integration of 3D cameras in consumer electronics. In addition, recent technological advancements have made 3D cameras more compact and energy-efficient, increasing their adoption in portable devices.

The healthcare & life sciences segment is anticipated to expand at the fastest CAGR from 2024 to 2030. The growth of the healthcare & life sciences segment can be attributed to the growing adoption of 3D cameras to enhance diagnostic capabilities and surgical precision. In diagnostics, 3D cameras facilitate accurate and detailed internal imaging, which helps in the early detection and assessment of diseases by providing a clearer view of the body's internal structures. Such developments are contributing to the segmental growth in the coming years.  

Regional Insights

The 3D camera market in North America accounted a significant revenue share of over 32% in 2023, driven by the growing concerns over safety and security, bolstering the adoption of 3D cameras for surveillance and facial recognition purposes. In addition, many companies are focusing on launching new products to provide customers with high-quality products and excellent service.

U.S. 3D Camera Market Trends

The 3D camera market in the U.S. is anticipated to grow at a CAGR of over 14% from 2024 to 2030. The promising growth prospects of the U.S. market can be attributed to the significant investments in the 3D printing sector, especially aimed at 3D printing applications in the healthcare and aerospace industries.

Asia Pacific 3D Camera Market Trends

The 3D camera market in Asia Pacific accounted the highest revenue share of over 35% in 2023. The growth of the Asia Pacific regional market can be attributed to several factors, such as the rising levels of disposable income, the proliferation of smartphones, and the growing demand for immersive responses in entertainment and gaming, among other factors.

The 3D camera market in India is estimated to record the highest growth rate of over 21% from 2024 to 2030, owing to the country's rapidly growing entertainment and media industry, seeking advanced filming technologies. The increasing penetration of smartphones equipped with 3D cameras, fueled by a young and tech-savvy population, is another factor driving the market growth.

The China 3D camera market is projected to grow at a CAGR of around 18% from 2024 to 2030, owing to the country's significant investment in the entertainment industry, emphasizing 3D movies and Virtual Reality (VR), also contributes to market expansion.

The 3D camera market in Japan is projected to grow at a CAGR of around 18% from 2024 to 2030. Japan's growing demand for 3D cameras can be attributed to the country's strong emphasis on technological innovation, especially in robotics and automotive industries, where 3D vision is critical.

Europe 3D Camera Market Trends

The 3D camera market in Europe accounted for a market share of around 23% in 2023. The Europe market is witnessing growth due to the increasing adoption of 3D printing technologies across the manufacturing sector.

The UK 3D camera market is projected to grow at a CAGR of 15.2% from 2024 to 2030. The entertainment and media sectors are significant contributors to the market growth.

The 3D camera market in Germany is estimated to record a CAGR of around 15% from 2024 to 2030. Germany's 3D cameras market growth is driven by a well-established and thriving automotive industry, which leverages 3D printing for both prototyping and production.

Middle East and Africa (MEA) 3D Camera Market Trends

The 3D camera market in the Middle East and Africa (MEA) region is anticipated to grow at the highest CAGR of around 21% from 2024 to 2030. The market growth is being driven due to a surge in the adoption of advanced security and surveillance systems across various sectors.   

The 3D camera market in Saudi Arabia accounted for a considerable revenue share in 2023. The 3D camera market is benefiting from the country's substantial investment in the Saudi Vision 2030 agenda, which aims to diversify the economy and develop public service sectors such as health, education, infrastructure, recreation, and tourism.

Key 3D Camera Company Insights

Some of the key players operating in the market Canon, Inc.; NIKON CORPORATION; Sony Corporation; and Eastman Kodak Company

• Canon, Inc. is a multinational corporation that manufactures imaging and optical products, including cameras, photocopiers, camcorders, computer printers, and medical equipment. The company has categorized its business into four units, namely the Printing Business Unit, the Medical Business Unit, the Imaging Business Unit, and the Industrial Business Unit.

• Eastman Kodak Company is a global manufacturer focused on commercial print and advanced materials & chemicals. The company offers a range of imaging products and services, including digital printing presses, software solutions, and materials for 3D printing, for commercial and industrial applications. The company operates through three segments, namely Print, Brand, and Advanced Materials and Chemicals. 

Giraffe360 Limited; Stereolabs Inc.; and XRPro LLC (Structure) are some of the emerging participants in the 3D camera market.

• Stereolabs Inc., a company specializing in vision-based AI perception, offers cutting-edge 3D cameras and software solutions that enable machines to see the world with human-like detail. The company’s flagship product, the ZED camera series, provides high-resolution color imaging, depth sensing, and spatial AI capabilities crucial for various industries, such as robotics, agriculture, logistics, and construction.

• Giraffe360 Limited is a technology company specializing in creating high-definition virtual tours and accurate floor plans for the real estate industry. Leveraging cutting-edge camera technology and AI, the company streamlines property showcasing, enhancing the buying and renting experience for real estate customers globally.

Recent Developments

• In April 2024, Cognex Corporation introduced the In-Sight L38 3D Vision System, which integrates AI with both 2D and 3D vision technologies to address various inspection and measurement needs. The system generates unique projection images that merge 3D data into a straightforward 2D format for easier labeling and training, while also highlighting features that conventional 2D imaging cannot detect.

• In March 2024, Basler AG expanded its 3D product range by introducing stereo cameras designed for vision-guided robotics. The new addition, the Basler Stereo visard series, included industrial-grade cameras enabling robots to perceive their environment in high resolution. The series comprised five model variants, offering base distances of 65 millimeters and 160 millimeters, available in both monochrome and color versions.

• In March 2024, Matterport, Inc. introduced upgrades to the case and packaging of its Pro3 camera, aiming to improve the sustainability and functionality of its 3D cameras. The new carrying case design envisaged simplifying camera transportation, minimizing packaging for more efficient shipping by channel partners, and reducing both costs and environmental impact of distributing the Pro3 cameras.

• In December 2023, FARO Technologies, Inc. released a 2024 update for the FARO Zone software for crime scene and crash reconstruction analysis. Some of the features of the update included the ability to convert photos and videos into 3D, a collision prediction system, and ortho image creation.

• In December 2023, SICK AG expanded its Ruler3000 High-Speed 3D Cameras Family with three new high-quality 3D cameras for inspection applications, namely Ruler3002, 3004, and 3010. These cameras were designed to offer compact designs, high precision, and unmatched measurement speeds, making them suitable for inspecting printed circuit boards, semiconductors, and other small components.

3D Camera Market Report Scope

Global 3D Camera Market Report Segmentation

This report forecasts and estimates revenue growth at the global, regional, and country levels along with analyzes the latest market trends and opportunities in each one of the sub-segments from 2018 to 2030. For this study, Grand View Research has further segmented the global 3D camera market report based on technology, application, end-use, and region:

• Technology Outlook (Revenue, USD Million, 2018 - 2030)

  • Time Of Flight

  • Stereo Vision

  • Structured Light

• Application Outlook (Revenue, USD Million, 2018 - 2030)

  • 3D Imaging

  • 3D Scanning & Modeling

  • Robotics & Automation

  • Augmented Reality (AR) & Virtual Reality (VR)

  • 3D Printing

  • Others

• End-use Outlook (Revenue, USD Million, 2018 - 2030)

  • Consumer Electronics

  • Automotive

  • Security and Surveillance

  • Healthcare & Life Sciences

  • Industrial

  • Aerospace & Defense

  • Media & Entertainment

  • Others

• Regional Outlook (Revenue, USD Million, 2018 - 2030)

  • North America

    • U.S.

    • Canada

    • Mexico

  • Europe

    • Germany

    • UK

    • France

    • Italy

    • Spain

  • Asia Pacific

    • Japan

    • China

    • India

    • Australia

    • South Korea

  • Latin America

    • Brazil

  • Middle East and Africa (MEA)

    • UAE

    • Saudi Arabia

    • South Africa