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3D Surveillance Camera Market was valued at US$ 1.75 billion in 2022 and is expected to reach US$ 7.92 billion by 2030; it is estimated to record a CAGR of 20.7% from 2022 to 2030

3D Surveillance Camera Market

According to the Cefic, the European Chemical Industry Council, the region is the second-largest producer of chemicals in the world. The sales of chemicals in the European U    nion (EU) stood at US$ 631.82 billion (EUR 594 billion), while in the Rest of Europe, it was ~US$ 177.63 billion (EUR 167 billion) in 2021. According to the same report, the EU contributed 15% of the global shares in 2021 in world chemical sales. Of the total chemical sales of the EU, petrochemicals accounted for 26%, and the remaining 74% was from basic inorganic (13%), polymers (20%), specialty chemicals (27%), and consumer chemicals (14%). Also, around two-third of the chemical sales came from the four member states—Germany (29%), France (17%), Italy (10%), and the Netherlands (10%). This growing chemical production and sales are raising the need for a high-end surveillance system to protect plant assets and employees from any dangerous situation.

It has been observed that the pharmaceutical industry is a major contributor to the EU economy. The European Federation of Pharmaceutical Industries and Associations (EFPIA) estimated that the pharma production in the region was valued at around US$ 320.25 billion (EUR 300 billion), which rose from US$ 306.04 billion (EUR 286.69 billion) in 2020. In addition, pharma companies are constructing new manufacturing plants to promote the growth of the European pharmaceutical sector. In May 2022, Bayer AG announced to initiate the construction of a new pharmaceutical facility in Leverkusen, Germany. The facility will manufacture medicinal products for the treatment of cardiovascular diseases and cancer. This new US$ 286.14 million (EUR 275 million) worth facility will be operational in 2024. Similarly, in March 2023, BluePharma announced that they had opened an oral solid high-potency drug manufacturing facility in Portugal. It is one of the largest drug manufacturing facilities in Europe, for which an investment of US$ 31.69 million (EUR 30 million) was made. Thus, the growing construction of new pharma production facilities in the region is expected to raise the need for security and surveillance systems to monitor and track activities and also help protect the site from dangers. Thus, all the factors mentioned above drive the 3D surveillance camera market growth in Europe.

India Recorded Largest CAGR in 3D Surveillance Camera Market

India is one of the largest manufacturers of pharmaceuticals. According to Invest India, the Indian pharma industry ranks third in pharmaceutical production by volume globally. Also, the sector contributed around 1.32% of the gross value added (GVA) to the Indian Economy during 2020–2021. Also, India is one of the world’s biggest suppliers of low-cost vaccines. It accounts for 60% of global vaccine production, contributing up to 70% of the WHO demand for Tetanus, Diphtheria, Pertussis (DPT), and Bacillus Calmette–Guérin (BCG) vaccines and 90% of the WHO demand for the measles vaccine. In addition, the country is the largest provider of generic medicines across the world, occupying a 20% share of global supply by volume. It manufactures almost 60,000 different generic brands across 60 therapeutic categories. Moreover, the country has the highest number of US-FDA-compliant pharma plants outside the US and is home to more than 3,000 pharma companies with around 10,500 manufacturing facilities. Furthermore, according to Invest India, the Indian pharmaceutical industry is expected to reach US$ 65 billion by 2024 and US$ 130 billion by 2030. Thus, the growing pharmaceutical industry in India is expected to fuel the 3D surveillance camera market growth in the country during the forecast period.

3D Surveillance Camera Market Segmental Overview

Based on product type, the 3D surveillance camera market is divided into dome camera, bullet camera, PTZ camera, and others. The dome camera systems segment held the largest 3D surveillance camera market share in 2022; the PTZ camera segment is anticipated to register the highest CAGR during 2022–2030. By technology, the 3D surveillance camera market is segmented into stereoscopic imaging, time of flight, and structured light imaging. The stereoscopic imaging segment held the largest 3D surveillance camera market share in 2022, and the time of flight segment is anticipated to register the highest CAGR during 2022–2030. In terms of application, the 3D surveillance camera market is categorized into people tracking, object or scene detection, monitoring systems, face recognition, robotic arm collision avoidance, and others. The people tracking segment held the largest share in the 3D surveillance camera market in 2022, and the robotic arm collision avoidance segment is anticipated to register the highest CAGR during 2022–2030.

3D Surveillance Camera Market Analysis: Competitive Landscape and Key Developments

Hexagon AB, 3dEYE Inc, Honeywell, Robert Bosch GmbH, Panasonic Holdings Corporation, LG Electronics, CBC Group, Teledyne FLIR LLC, Hangzhou Hikvision Digital Technology Co Ltd, and GeoVision Inc are among the key 3D surveillance camera market players profiled in the report. Several other essential 3D surveillance camera market players were also analyzed for a holistic view of the market and its ecosystem. The 3D surveillance camera market report provides detailed market insights to help major players strategize their growth.

  • In October 2023, Hikvision introduced their new 2 MP analog security cameras featuring an F1.0 aperture with the debut of the ColorVu Fixed Turret (DS-2CE70DF0T-MF) and Bullet (DS-2CE10DF0T-F) Cameras. These new cameras provide high-quality, around-the-clock color imaging with HD over analog cabling for easy upgrade, 3D Digital Noise Reduction (DNR) technology, and extreme white light distance.
  • In April 2022, Orbbec announced the launch of a new 3D camera with built-in artificial intelligence capabilities. The company claims a 10-times improvement in processing power to support advanced 3D applications like facial recognition. The new Persee+ adds a specialized hardware accelerator for AI and machine learning applications to the company’s 3D imaging technology. The Amlogic A311D system-on-chip (SoC) processor includes four ARM A73 cores and two ARM A53 cores, plus neural processing unit (NPU) capabilities for AI inferencing.

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