The global professional 3D camera market size was US$ 6.08 billion in 2021. The global professional 3D camera market size is forecast to reach US$ 73.63 billion by 2030, growing at a compound annual growth rate (CAGR) of 31.8% during the forecast period from 2022 to 2030.
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3D cameras capture three-dimensional images and produce enhanced visual quality. These cameras are advantageous for capturing high-end 3D visualizations of objects. Among the professional 3D cameras are compact cameras, studio cameras, camcorders, and EFP cameras (Electronic Field Production) or ENG cameras (Electronic News Gathering). Both commercial and noncommercial uses are possible for these cameras. Depending on the application, they can be standalone cameras or embedded in imaging systems. There are many uses for professional 3D cameras, including recording scenes for 3D movies and games, monitoring industrial activity, and monitoring construction, arts, and manufacturing.
The U.S. Bureau of Economic Analysis and the U.S. Census Bureau reports that the goods and services deficit rose from $68.7 billion in January 2023 to $70.5 billion in February, an increase of $1.9 billion. Due to a $2.7 billion increase in the goods deficit to $93.0 billion and a $0.8 billion increase in the services surplus to $22.4 billion, the goods and services deficit increased in February. The goods and services deficit has decreased this year by $35.5 billion, or 20.3% when compared to the same period in 2022. $10.8% more, or $49.5 billion, was exported. Imports cost $2.2% more, or $14.0 billion, than exports.
Factors Influencing Market Growth
Media & entertainment companies are increasingly using professional 3D cameras to record 3D content, which is a major factor driving the market growth for professional 3D cameras.
The adoption of professional 3D cameras in manufacturing, construction, civil infrastructure, and historical site maintenance are some of the factors boosting the global market growth.
Higher prices and a lack of consumer awareness may slow down the global market growth.
Impact Analysis of COVID-19
During the COVID-19 pandemic, manufacturers of professional 3D cameras experienced delays in production, increased costs, and revenue losses. As a result, no new orders came during the pandemic in the manufacturing sector. Furthermore, the effects will likely last until 2021. In addition, due to the lockdowns in order to combat the spread of the virus, the consumer electronics and professional 3D camera markets suffered greatly. As a result, the growth of the professional 3D camera market faces major challenges due to the COVID-19 pandemic.
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Regional Insights
The Asia Pacific is forecast to grow at the fastest rate over the forecast period. Several factors contribute to the region’s market growth, including a growing mobile market, a thriving entertainment sector, and a rise in disposable income.
North America generated the most revenue in the professional 3D camera market in 2021. The increasing popularity of 3D movies and the burgeoning film industry in the region have contributed to the widespread adoption of professional cameras.
Leading Competitors
The leading prominent companies profiled in the global professional 3D camera market are:
Canon Incorporated
Matterport
Lytro Incorporated
Fujifilms
GoPro Incorporated
Eastman Kodak Company
Nikon Corporation
Panasonic Corporation
Sony Corporation
Faro Technologies
Other Prominent Players
Scope of the Report
The global professional 3D camera market segmentation focuses on Type, Technology, Application, and Region.
Segmentation based on Type
Target Camera
Free Camera
Segmentation based on Technology
Time of Flight
Stereo Vision
Structured Light
Segmentation based on Application
Photography
Recording
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Segmentation based on Region
North America
The U.S.
Canada
Mexico
Europe
Western Europe
The UK
Germany
France
Italy
Spain
Rest of Western Europe
Eastern Europe
Poland
Russia
Rest of Eastern Europe
Asia Pacific
China
India
Japan
Australia & New Zealand
ASEAN
Rest of Asia Pacific
Middle East & Africa (MEA)
UAE
Saudi Arabia
South Africa
Rest of MEA
South America
Brazil
Argentina
Rest of South America
What are the key findings of the report?
?This report provides comprehensive information on factors expected to influence the market growth and market share in the future.
?The report offers the current state of the market and future prospects for various geographical regions.
?This report provides both qualitative and quantitative information about the competitive landscape of the market.
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