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The North America Professional 3D Camera Market would witness market growth of 28.7% CAGR during the forecast period (2021-2027).
In recent years, the increasing demand for 3D content in the gaming and entertainment industries, as well as a growing number of 3D-enabled devices has been witnessed. In addition, the growing 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 applications of the professional 3D camera.
The application of 3D imaging in home automation, virtual reality, robotics, and video surveillance is increasing. In addition, because of the convenience of use and accuracy, the demand for creating 3D representations of objects and their surroundings has skyrocketed. In the upcoming years, rising demand for 3D scanning is expected to drive market expansion. The growing use of surveillance in the home security, military, and industrial sectors is expected to promote 3D camera adoption
The growing popularity of over-the-top (OTT) content simultaneously liberates Americans from cable, geographic limits, and broadcast schedules while also fundamentally altering the way video is sold, created, and consumed in the United States. In addition, the most popular OTT platforms in the US are Netflix and Amazon, which would generate an exponential demand for professional 3D Camera market.
The increasing amount of viewing time spent on OTT video material, together with rising revenue data, demonstrates the country's streaming expansion, which is transforming the entertainment landscape. Globally, viewers spend an average of 6.8 hours per week watching OTT video, according to Arizona-based Limelight Networks, with the United States topping the national statistics at 8.55 hours.
The US market dominated the North America Professional 3D Camera Market by Country in 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $5,998 Million by 2027. The Canada market is poised to grow at a CAGR of 31.7% during (2021 - 2027). Additionally, The Mexico market would exhibit a CAGR of 30.5% during (2021 - 2027).
Based on Type, the market is segmented into Target Camera and Free Camera. Based on Application, the market is segmented into Still Photography and Video Recording. Based on Technology, the market is segmented into Stereo Vision, Time of Flight, and Structured Light. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Canon, Inc., Fujifilm Holdings Corporation, Panasonic Corporation, Sony Corporation, Eastman Kodak Company, Nikon Corporation, FARO Technologies, Inc., GoPro, Inc., Matterport, Inc., and Samsung Electronics Co., Ltd.
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