3D Camera Market Size is Predicted to Reach USD 54 Billion by 2030

The global 3D Camera Market size is predicted to reach USD 54 billion by 2030, with a CAGR of 33%.

Various developments took place over the past few years with respect to technology and infrastructure which have increased the adoption of 3D cameras on a large scale. Furthermore, the increased use of 3D technology coupled with an increase in the entertainment industry is expected to enhance the market growth.

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Other factors include an increase in 3D scanning technology, and increased use of augmented and virtual reality coupled with increasing automation are further expected to fuel the market growth.

However, the high cost of 3D cameras and the lack of awareness among people are expected to inhibit global market growth. Moreover, innovation coupled with increased penetration of 3D devices over the forecast period is expected to create ample opportunities in the global market.

North America is expected to hold the major market share over the forecast period owing to technological advancement coupled with the presence of developed infrastructure. Furthermore, increased awareness with increased penetration of 3D technology on a large scale is further expected to accelerate the growth of the 3D camera market over the forecast period.

Some of the major market players in the 3D camera industry include Nikon, Panasonic, Go Pro, LG Electronics Corp, Fujifilm Corp, Sony, Samsung Electronics Corp, Faro Technologies, and Intel Corporation among others. Over the period, there have been various developments taking place in the past and will further take place shortly which contribute to the overall market growth.