Stereo vision was the highest revenue generating technology, accounting for over 60% of the total market revenue in 2014. Stereo vision would also be the fastest growing market during the forecast period owing to its cost effectiveness as compared to structured light and time of flight (TOF) technologies.
Portland, OR -- (SBWIRE) -- 08/10/2017 -- Asia-Pacific Professional 3D Camera Market Report, published by Allied Market Research, forecasts that the Asia-Pacific market is expected to garner $888.6 million by 2020, registering a CAGR of 36.8% during the period 2015-2020. Innovations in the 3D camera market have been gaining momentum in Japan, making it one of the leading markets in the region.
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Among the two types; Target and Free camera, target camera would lead the market throughout the analysis period. The higher growth of the target camera segment is supplemented pertaining to its adoption in different applications including niche photography, surveillance and asset monitoring.
Japan being the leading revenue generating region and exhibiting the largest market share with huge application across varied industry verticals, supplements the overall market growth. Nonetheless, China is the most lucrative market owing to the increasing popularity of 3D movies and games that enhances the demand of 3D cameras. Entertainment industry in China is rapidly adopting 3D cameras and camcorders over conventional technologies in an effort to generate more 3D content.
Key Findings of Asia-Pacific Professional 3D Camera Market:
Stereo vision technology leads the Asia-Pacific professional 3D camera market throughout the analysis period
Photography being the largest application in the Professional 3D camera market, would maintain its dominance throughout the forecast period
China would be the fastest growing country throughout the forecast period, closely followed by India
The professional 3D camera manufacturers cumulatively follow R&D activities and product launches to differentiate their products and sustain the competitive market. The continuous innovations in imaging technologies including laser, optics and 3D imaging software would result in higher adoption of 3D cameras thereby boosting the overall market growth.
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