2015-2020 Professional 3D Camera Market to See CAGR of 34.6%
October 13, 2015 | PRNewswireEstimated reading time: 1 minute
Research and Markets has announced the addition of the "World Professional 3D Camera - Market Opportunities and Forecasts, 2014 - 2020"report to their offering.
The global professional 3D camera market is expected to reach $4,091.1 million by 2020, registering a CAGR of 34.6% during 2015-2020.
By 2020, 3D cameras would gain mainstream adoption across the globe. Products featuring 3D technology would gain more than 30% of the digital technology market by 2020. Stereoscopy would remain as most advantageous technology for manufacturing of cost-efficient professional 3D cameras. This technology has been implemented in most of the 3D camera products, accounting to over 3/5th of the market size by value.Entertainment and media industry is fuelling the adoption of professional 3D cameras for movies, documentaries and game recording. Stereoscopy is acting as a most cost-efficient technology for most of the aforementioned applications.
Moreover, most of the compact cameras use stereoscopy for 3D imaging. Rising adoption of compact cameras among individual consumers would further bolster the adoption of stereoscopy technology. Products designed for photography drive the market significantly. Presently, about 70% of the market revenue is garnered by photography products. Technological advancements is enabling better video recording capabilities with 3D camera products. As a result, 3D recording cameras are witnessing stronger growth in the market which should persist throughout the forecast period.
Asia-Pacific region would show high growth opportunities during the forecast period. The region would witness many manufacturers of 3D imaging products. Demand for 3D movies is being observed from Asian countries, especially in China and South Korea. About a quarter of global 3D screens are located in China, highlighting the potential of 3D content business in the region.
The emerging scenario of 3D content business in Asia-Pacific would drive the adoption of professional 3D cameras for content generation. As a result, professional 3D camera business in Asia-Pacific would grow rapidly registering a second highest CAGR, accounting for nearly 22% share in the global market size by 2020. LAMEA region would witness the highest growth during the forecast period owing to its small market size in the current scenario and speedy adoption of the technology for personalized photography and recording of events, movies and other entertainment shows; especially in South Africa and Brazil.
Suggested Items
I-Connect007 Editor’s Choice: Five Must-Reads for the Week
05/10/2024 | Marcy LaRont, PCB007 MagazineSpring is a renewal each year as dormant flora bloom, and baby ducklings and geese are ever present in local bodies of water. Even though it is beginning to get hot, I love this time of year in Arizona, with the sun waking me around 5 a.m. It fills me with an energy that I often lose in the dark winter months. Wherever you find yourself in the world, I hope you are enjoying Spring and that you are filled with energy and enthusiasm for all the great work part of our daily lives in this industry.
Samsung Acquires Sonio; Strengthens Position in Cutting-Edge Medical Devices
05/10/2024 | SamsungSamsung Medison, a global medical equipment company and an affiliate of Samsung Electronics, today announced it has signed an agreement to acquire 100% of the shares of Sonio SAS, a fetal ultrasound AI software company.
Schweizer Receives Future Prize from Ewald Marquardt Private Foundation for p² Pack Embedding Technology
05/10/2024 | Schweizer Electronic AGAs the number of electric vehicles increases, so do the demands on electrical power management in vehicles. To make power generation and engine operation more efficient, Schweizer Electronic AG's p² Pack technology offers a long-term and sustainable solution to better convert and even recover the energy generated.
MKS’ Atotech to Participate in ECTC
05/10/2024 | MKS’ AtotechAt this year’s 74th IEEE Electronic Components and Technology Conference (ECTC), MKS’ Atotech will present and demonstrate its latest product and service innovations.
TTM Technologies Appoints Wajid Ali to Board of Directors
05/10/2024 | TTM Technologies, Inc.TTM Technologies, Inc. announced that Mr Wajid Ali has been appointed by the unanimous vote of the remaining Directors to serve as a new Class I director on the Board, effective immediately.