3D Surveillance Camera Market Developments and Forecast by 2030

The 3D surveillance camera market is projected to reach US$ 7.92 billion by 2030 from US$ 1.75 billion in 2022. The market is expected to register a CAGR of 20.7% during 2022-2030. The increasing adoption of 3D surveillance cameras at airports to track people and objects, as well as for face recognition is anticipated to be the key 3D surveillance camera market trends during the forecast period.

3D Surveillance Camera Market Analysis

The construction of new oil & gas refineries and the growing mining activities worldwide are the major factors fueling the 3D surveillance camera market growth. Also, the rising demand for industrial robots in warehouses and manufacturing industries, which can help identify objects and avoid collisions, further creates lucrative opportunities for the 3D surveillance camera market growth. Furthermore, growing technological advancements, such as the integration of AI and ML in 3D cameras to accelerate the operation at the manufacturing site and avoid accidents, are expected to propel the market.

3D Surveillance Camera Market Overview

A 3D camera is an imaging device that allows the perception of depth in images to replicate three dimensions. In addition to monitoring public and private areas, surveillance cameras are used to identify people. It enables governments to protect public spaces while upholding citizens' right to privacy. It is a simple, quick, and efficient way to lower project costs while boosting security and quality. 3D surveillance cameras are utilized in various places, including hospitals, banks, manufacturing facilities, offices, university campuses, and many more. Thus, the aforementioned factors are likely to have a significant impact on the 3D surveillance camera market in the next few years.

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3D Surveillance Camera Market: Strategic Insights

3D Surveillance Camera Market Drivers and Opportunities

Growing Mining Activities

The rising demand for different metals and minerals is increasing mining activities worldwide. Various countries are increasing their investment to expand their mining site to fulfill this rising demand. For instance, in August 2022, the Mining Chamber of Mexico (Camimex) announced an investment of US$ 5.5 billion in 2022, which is an increase of 15.2% from 2021. Similarly, according to the government of Western Australia, in 2022, ~US$ 26 billion was invested in Western Australia’s mining and petroleum sectors. Such growing investments in the mining industry will further raise mining production worldwide. According to the Statistics of the Swedish Mining Industry 2021 report, in 2021, Swedish ore production reached 88.6 million metric tons, a rise of 22% since 2015. Also, as per the Australian Bureau of Statistics, mining production in Australia increased by 5.7% in the first quarter of 2023. Thus, such growing mining production worldwide is expected to raise the demand for security and monitoring to ensure the safety of employees, equipment, or materials. This increasing need for real-time monitoring is boosting the demand for 3D surveillance cameras at the mining site, as it can help authorities check movements in the mining site and detect suspicious activities at the site. Thus, the growing mining activities worldwide are boosting the growth of the 3D surveillance camera market.

3D Surveillance Camera Market Report Segmentation Analysis

The “3D surveillance camera analysis” has been performed by considering the following segments: product type, technology, application, and geography.

• Based on technology, the 3D surveillance camera market is divided into stereoscopic imaging, time of flight, and structured light imaging. The emergency shutdown systems segment held the largest share in the 3D surveillance camera market in 2022 and is anticipated to register the highest CAGR during 2022–2030. Stereo vision technology is widely utilized in surveillance and security systems, as well as in industrial and manufacturing environments, for quality control and inspection tasks. With the use of this technology, the camera may produce a 3D model or depth map of the area, which can be utilized for a variety of purposes, including robotics, virtual reality, robotics, and autonomous vehicles.
• The technology is also used in safety applications, medical technology, agricultural robots, bin picking, object tracking, 3D recording and manufacturing, and range sensing in mobile robotic navigation. Additionally, it is anticipated that time-of-flight technology will grow at the fastest CAGR. These cameras can be used for gesture recognition, object detection and recognition, and 3D scanning, among others. The technology is also used for robotics, augmented reality, and virtual reality applications. ToF provides fast and precise depth measurements by using infrared light to record depth information in real time.

3D Surveillance Camera Market Share Analysis by Geography

The geographic scope of the 3D Surveillance Camera Market report is mainly divided into five regions: North America, Asia Pacific, Europe, the Middle East & Africa, and South & Central America.

Asia Pacific is expected to hold a significant 3D surveillance camera market share owing to tremendous growth in the chemicals & pharmaceuticals industry. The market players in this region are continuously working on expanding their manufacturing facilities. For instance, in December 2022, Balaxi Pharmaceuticals announced that they had initiated the construction of a new drug manufacturing facility in Telangana, India. The company invested approximately US$ 10.29 million (INR 85 crore) in this project. The new production facility will help the company enter the European markets and enhance margins in current markets. Similarly, in September 2021, Hanwha Corp. announced its plan to build a nitric acid production plant by 2024. This plant will provide an annual capacity of 400,000 metric tons in Yeosu Industrial Complex, South Korea. For this, the company will invest US$ 162 million (190 billion won). Thus, the increasing number of new production facilities in the region will raise the demand for security solutions, as it can help prevent accidents at the plant, thereby propelling the growth of the 3D surveillance camera market.

3D Surveillance Camera Market News and Recent Developments

The 3D Surveillance Camera Market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. Following is a list of developments in the market:

• In June 2023, IMOU, a leading smart IoT solution and service provider, launched Rex 3D and Cruiser 2 as the first smart pan & tilt smart indoor and outdoor security cameras equipped with IMOU SENSE, a self-developed AI algorithm matrix by IMOU. Based on the powerful AI algorithm, Rex 3D and Cruiser 2 have a recognition accuracy of 99% for human figures and pets. It recognizes objects and processes data in 20 milliseconds and quickly finds human and pet targets in images, immediately sending a notification to the app within 0.6 seconds, allowing the users to monitor what matters without receiving annoying false alerts. (Source: IMOU, Press Release)

3D Surveillance Camera Market Regional Insights

The regional trends and factors influencing the 3D Surveillance Camera Market throughout the forecast period have been thoroughly explained by the analysts at The Insight Partners. This section also discusses 3D Surveillance Camera Market segments and geography across North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America.

3D Surveillance Camera Market Report Scope

3D Surveillance Camera Market Players Density: Understanding Its Impact on Business Dynamics

The 3D Surveillance Camera Market is growing rapidly, driven by increasing end-user demand due to factors such as evolving consumer preferences, technological advancements, and greater awareness of the product's benefits. As demand rises, businesses are expanding their offerings, innovating to meet consumer needs, and capitalizing on emerging trends, which further fuels market growth.

3D Surveillance Camera Market Report Coverage and Deliverables

The “3D Surveillance Camera Market Size and Forecast (2022-2030)” report provides a detailed analysis of the market covering below areas:

• Market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
• Market dynamics such as drivers, restraints, and key opportunities
• Key future trends
• Detailed PEST/Porter’s Five Forces and SWOT analysis
• Global and regional market analysis covering key market trends, major players, regulations, and recent market developments
• Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments
• Detailed company profiles