Showing posts with label 3D scanning. Show all posts
Showing posts with label 3D scanning. Show all posts

Monday, 14 March 2016

World 3D Camera Market Expected to Reach $10.8 Billion USD by 2021

A new report published by Allied Market Research titled, “World 3D Camera Market - Opportunities and Forecasts, 2014 - 2021” projects that the global 3D camera market would garner revenue of $10.8 billion USD by 2021, registering a CAGR of 40.0% during 2016–2021. Professional 3D cameras would lead the market throughout the analysis period. The 3D cameras embedded in smartphones are expected to drive the 3D camera market significantly by 2021. 
The 3D camera market is in its nascent stage; in 2015, it contributed to about 2–3% of the overall 3D technology market. However, its contribution to global markets, would increase significantly within the forthcoming decade. The market for 3D cameras is primarily driven by the requirement to record 3D content in media & entertainment applications. Other factors driving the market growth include enhancement of 3D scanning technology, improved user preferences, increasing adoption of home automation applications and enhancement in virtual reality products.