The global 3D camera market is expected to witness significant growth, surpassing USD 7.0 billion by 2022. This may be attributed to increasing adoption across the entertainment segment. Advancements in 3D technology such as improved 3D content and related equipment provides high market growth opportunities.
The market is also anticipated to witness high growth owing to increasing adoption in augmented reality applications. Smartphone companies in the market focus on gaining competitive advantage by manufacturing and shipping phones with high-quality cameras. A few companies such as HTC provide smartphones with two rear cameras enabling capture of 3D pictures.
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Advent of concepts such as 3D enabled devices or TVs have resulted in the popularity for 3D pictures, which is also anticipated to fuel 3D camera product demand over the next seven years. Smartphone although are not as accurate as precise engineering-grade equipment, they play a crucial role in the 3D technology marketplace. Smartphone manufacturers emphasize on 3D technology as a significant prospect to drive sales. Growing demand for high quality cameras across the smartphone segment provides opportunities for manufacturers to introduce 3D cameras as a new product offering. In addition, 3D cameras find increased usage in industrial automation industry. Acquisition of fast as well as reliable 3D data plays a pivotal role in industrial and automotive environment.
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Devices incorporating 3D cameras or similar technology offer ample growth opportunities in the field of multimedia, consumer electronics, digital photography, medical and robotics. Further, 3D imaging exhibits growth potential across niche industries including home automation, security surveillance and mobile robotics, which offers avenues for industry growth.
The market is estimated to witness progressive growth owing rising adoption across several consumer electronic devices including smartphones, tablets and other such devices. Tablets segment is estimated to witness high growth over the forecast period. Asia pacific is expected to emerge as dominant regional market accounting for more than 30% of the overall market share.
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