PUBLISHER: Grand View Research | PRODUCT CODE: 1530520
PUBLISHER: Grand View Research | PRODUCT CODE: 1530520
The global 3D camera market size is expected to reach USD 18.56 billion by 2030, registering a CAGR of 17.3% from 2024 to 2030, according to a new report by Grand View Research, Inc. The demand for 3D cameras is on the rise, driven by their growing use in virtual reality (VR), augmented reality (AR), and 3D printing sectors. The market is also getting a boost from the rising use of technologies like self-driving cars, drones, and robots.
The ongoing technological advancements in 3D cameras are significantly driving the product demand across automotive, consumer electronics, media & entertainment, and industrial, among other verticals. For instance, in October 2023, FARO Technologies, Inc. introduced the FARO Orbis Mobile Scanner, a revolutionary development set to transform 3D reality capture. The new device marked the first hybrid SLAM scanner available, capable of both mobile and stationary data capture in a single unit. Such developments are fueling the market growth.
Moreover, the industrial applications of 3D cameras are also on the rise, particularly in manufacturing and quality control, where 3D cameras are being deployed for precise measurements, 3D modeling, and inspection processes, to help improve efficiency and product quality. The ability to capture detailed 3D images can be crucial to automating inspection, detecting defects without any human intervention, and maintaining high standards in manufacturing. All these factors are expected to fuel the growth of the market for 3D cameras in the coming years.