How Is Construction and Manufacturing Sector Growth Driving 3D Camera Demand? The expanding construction and manufacturing sectors are expected to drive the 3D camera market at a vigorous CAGR of 50.2% during the forecast period (2016–2022). According to P&S intelligence, the market was valued at $1,322.0 million in 2015, and it is projected to generate $19,893.0 million revenue by 2022. The increasing construction activities across the world owing to the surging number of housing projects and accelerating urbanization rate are encouraging the adoption of 3D cameras for home automation. Additionally, manufacturing units are deploying such devices as part of their automation journey. Additionally, the expanding media and entertainment industry, on account of the constant public demand for new and appealing content, is creating a huge requirement for 3D cameras worldwide. The surging internet penetration, plunging internet cost, and rising proliferation of smartphones are fueling the demand for new content, such as movies, documentaries, and TV series, both via traditional channels and over-the-top (OTT) platforms. To meet the varied and rising public need for new and good-quality videos, entertainment companies and individuals are using 3D cameras to record their content. The type segment of the 3D camera market is bifurcated into target camera and free camera. Under this segment, the free camera category generated the higher revenue in 2015 due to the large-scale integration of free 3D cameras in smartphones, tablets, and computers. Therefore, the rising penetration of such consumer electronics on account of the booming population of tech-savvy youth and soaring purchasing power of people will contribute to the growth of this category. Currently, 3D camera manufacturers, such as Panasonic Corporation, Eastman Kodak Company, Nikon Corporation, LG Electronics Inc., Canon Inc., Go Pro Inc., Faro Technologies Inc., Sony Corporation, and Samsung Electronics Co. Ltd., are using the stereo vision, time of flight, and vision and structured light imaging technologies in their offerings. 3D cameras based on such technologies are integrated into mobile robots, notebooks, professional cameras, computers, tablets, home automation systems, and smartphones. In recent years, manufacturers have preferred the stereo vision technology over others because it is easy to deploy. Globally, the North American region accounted for the largest share in the 3D camera market in 2015. This was due to the presence of developed construction and manufacturing industries in the U.S. and Canada. The growth of the construction and manufacturing industries in North America can be attributed to the high disposable income of people and constant technological advancements in these sectors. Moreover, the increasing focus of governments on improving their infrastructure will contribute to the market growth in the region. Therefore, the flourishing construction sector and expanding media and entertainment industry will facilitate the adoption of 3D cameras in the upcoming years. Read More: https://www.psmarketresearch.com/market-analysis/3d-camera-market