Transparency Market Research’s recent report, titled, “3D Cameras Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2016–2023,” finds that the market for 3D cameras is highly dynamic in nature with new products being unveiled every now and then. Big shot players as well as their smaller counterparts are seen coming up with feature-packed, cutting edge products using latest technologies to gain a solid foothold.
Our report starts out with a product overview in which it sheds light on the rise and trajectory of 3D cameras. It states that even though such evolved cameras took a while to go mainstream, they have now become quite a rage thanks to a flourishing entertainment industry that is banking heavily on the visual appeal of the pictures created by them. Many publications are using eye-catching 3D photography to entice more readers; 3D television sets are also much in demand these days.
The report finds that soaring sales of smartphones which can be easily outfitted with 3D cameras will also turn out to be a boon for companies manufacturing them. In fact, smartphone manufacturers are already tapping into the craze for mobile photography by incorporating 3D cameras in their products to increase their USPs. Yet another unique, upcoming application of 3D cameras is in the higher precision security videos.
Despite so many factors fuelling the market however, the sales of 3D cameras are limited on account of their higher price of devices that incorporate them. As a result, companies are realizing profits mainly in the developed Europe and North America markets where people have the means to splurge on higher-end expensive products.