The North America 3D Camera Market would witness market growth of 32.7% CAGR during the forecast period (2021-2027).
Growing demands for 3D content in the gaming and entertainment industries, as well as a rising number of 3D-enabled devices such as smartphones, tablets, and televisions. The increasing popularity of 3D films is driving up demand for professional cameras to shoot 3D content. Google, Microsoft, and Apple are investing millions of dollars in hardware to improve the efficiency of determining the depth and distance of objects. The accurate depth and distance perception are critical in technologies like augmented reality, robotics, and self-driving cars, broadening the spectrum of 3D cameras' applications.
Apple, the pioneer in 3D front-facing cameras, released a new iPhone and iPad in 2020, which had a 3D laser-powered camera. Instead of typical dot-projection technology, the device employs a laser scanner. The iPhone's AR experience is likely to be enhanced by the laser-powered 3D camera, which will allow for more accurate depth sensing and positioning of virtual objects. It would also make it possible for the phone to take photos with more depth. The arrival of new smartphones with unique 3D cameras and 3D laser sensors provides a glimpse into the future of the 3D camera industry. Furthermore, significant advances in 3D sensor technology will undoubtedly have an impact on the smartphone cameras in the next years.
The 3D camera market in the U.S. is significantly large. Due to a mature and flourishing economy and people with relatively high disposable income, a substantial share of the total population in the country as well the whole of the North American region, carries a smartphone. Since smartphones are primarily used for purposes other than calling, manufacturers have tried to equip the devices with the latest and greatest of technologies such as fingerprint scanners, infrared scanners, improved cameras, and LiDAR scanners. LiDAR scanners in the latest iPhones and iPads create accurate 3D models of whatever the user scans. The wider implementation of 3D cameras in smartphones will give the buyers in this region easy access to the 3D camera technology. North America is also the hub of entertainment for the world. Superhero and comic book movies which are watched across the globe are produced in this region.
The US market dominated the North America 3D Camera Market by Country in 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $14,566.7 million by 2027. The Canada market is exhibiting a CAGR of 35.7% during (2021 - 2027). Additionally, The Mexico market would witness a CAGR of 34.5% during (2021 - 2027).
Based on Type, the market is segmented into Target Camera, and Target-free Camera. Based on Technology, the market is segmented into Stereo Vision, Time of Flight, and Structured Light. Based on Application, the market is segmented into Professional Cameras, Smartphone, Tablets, Computer, and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Global 3D Camera Market is Estimated to reach $57.8 Billion by 2027, at a CAGR of 34.5%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Fujifilm Holdings Corporation, Canon, Inc., Samsung Electronics Co., Ltd., Sony Corporation, Panasonic Corporation, LG Electronics, Inc., Intel Corporation, FARO Technologies, Inc., Nikon Corporation, and GoPro, Inc.
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