Business Technology

Asia-Pacific Professional 3D Camera Market Projected to Hit $888.6 Million By 2020 at a CAGR of 36.8% | Factors that Propels the Market Growth

Press Release

Asia-Pacific Professional 3D Camera Market is expected to reach $888.6 million by 2020 at a CAGR of 36.8% during the forecast period 2015-2020.

The Asia-Pacific Professional 3D Camera Market is segmented on the basis of type, technology, application and country. Target cameras account for the major market share in the type segment, owing to their large application and adoption in professional photography. The technology segment comprises time of flight, stereo vision and structured light. Stereo vision technology generated higher revenue as compared to the time of flight and structured light imaging technologies. Based on application, the market is segmented into professional cameras that are extensively used for still photography and video recording. The segment of still photography accounted for a larger market share and would consolidate this position over the forecast period. Whereas, the segment of 3D professional cameras used in recording applications would witness significant growth in terms of adoption.

Among the two types; Target and Free camera, target camera would lead the market throughout the analysis period. The higher growth of the target camera segment is supplemented pertaining to its adoption in different applications including niche photography, surveillance and asset monitoring.

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Japan being the leading revenue generating region and exhibiting the largest market share with huge application across varied industry verticals, supplements the overall market growth. Nonetheless, China is the most lucrative market owing to the increasing popularity of 3D movies and games that enhances the demand of 3D cameras. Entertainment industry in China is rapidly adopting 3D cameras and camcorders over conventional technologies in an effort to generate more 3D content.

Key Findings of Asia-Pacific Professional 3D Camera Market:

  • Stereo vision technology leads the Asia-Pacific professional 3D camera market throughout the analysis period
  • Photography being the largest application in the Professional 3D camera market, would maintain its dominance throughout the forecast period
  • China would be the fastest growing country throughout the forecast period, closely followed by India

The professional 3D camera manufacturers cumulatively follow R&D activities and product launches to differentiate their products and sustain the competitive market. The continuous innovations in imaging technologies including laser, optics and 3D imaging software would result in higher adoption of 3D cameras thereby boosting the overall market growth.

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