Global Stereo Cameras
Market Report
2024
As per Cognitive Market Research's latest published report, the Global Stereo Cameras market size was $1,970.25 Million in 2017 and it is forecasted to reach $24,737.90 Million by the end of 2029.Stereo Cameras Industry's Compound Annual Growth Rate will be 25.80% from 2023 to 2030.
The base year for the calculation is 2023 and 2019 to 2023 will be historical period. The year 2024 will be estimated one while the forecasted data will be from year 2025 to 2031. When we deliver the report that time we updated report data till the purchase date.
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"Global Stereo Cameras market size 2023 was XX Million. Stereo Cameras Industry compound annual growth rate (CAGR) will be XX% from 2024 till 2031."
Base Year | 2023 |
Historical Data Time Period | 2019-2023 |
Forecast Period | 2024-2031 |
Global Market Size | 121212 |
Country Market Size | 121212 |
North Americ Market Size | 121212 |
Europe Market Size | 121212 |
Asia Pacific Market Size | 121212 |
South America Market Size | 121212 |
Middle East and Africa Market Size | 121212 |
Market Split by Detection Technique |
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Market Split by Application |
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Market Split by Distribution Channel |
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List of Competitors |
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Regional Analysis |
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Country Analysis |
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Key Qualitative Information Covered |
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Report scope is customizable as we have a huge database of Stereo Cameras industry. We can deliver an exclusive report Edition/Consultation as per your data requirements. Request for your Free Sample Pages.
Stereo Cameras Market is Segmented as below. Particular segment of your interest can be provided without any additional cost. Download the Sample Pages!
A stereo camera is a camera that has two or more lenses, each with its image sensor or film frame. This enables the camera to replicate human binocular vision, allowing it to capture three-dimensional images, a technique known as stereo photography. A stereo camera closely mimics how human eyes operate in order to provide us with precise, real-time depth perception. It accomplishes this by triangulating comparable pixels from both 2D planes using two sensors spaced apart.
A stereo camera detects a subject's depth information by using the parallax of two cameras that are aligned left and right. The optical distortion of the two cameras and misalignment of the two cameras due to mechanical assembly or the like must be addressed to achieve high accuracy of the depth information received by the stereo camera; in addition, the two cameras must be placed in parallel.
A stereo camera is used in several applications such as professional cameras, smartphones, tablets, computers, farming, and agri robots, multi-rotor helicopter, fixed-wing aircraft, security camera, surgical robots, automotive, mining and construction, spatial analytics, automated guided vehicles, and many others. Thus, there is high demand for stereo-vision cameras has been observed.
The stereo camera market is driven by the rising usage of stereo cameras in virtual reality. The stereo camera offers a valuable source of 3D data for AI algorithms. The camera captures multiple views of a scene. AI algorithm reconstructs the 3D geometry of objects and environment. This factor is beneficial in a virtual reality environment. The virtual reality environment is gaining popularity, as its computer-generated environment simulates a realistic or imaginary world. Consumer spending for virtual reality accounts for more than ~70% of AR/VR spending. (Source: International Data Corporation, 2022). Thus, an increase in the usage of stereo cameras for obtaining clear images in 3D mapping drives the stereo camera market.
The need for vehicles has increased as the population has grown. Almost every family in the world owns at least one vehicle. People rely on automobiles as a need is drastically increasing. People use automobiles to commute to work, visit another state, go on vacation, and do daily errands. Vehicles, in reality, are the most extensively utilized equipment for transportation and other basic everyday necessities.
According to the study, global car sales increased to roughly 66.7 million vehicles in 2021, up from around 63.8 million units in 2020. Almost half of the worldwide customers (46 percent) are thinking about buying a car in the next 12 months, up from 35% in April 2020. The usage of buses, trucks, and other commercial vehicle is also increased. To meet this rising demand vehicle production has been rising rapidly.
According to the data, 79.1 million automobiles were produced worldwide in 2021, 1.3 percent more than the previous year. Every day, an estimated 152,971 passenger automobiles were produced throughout the world in 2020. Every hour, around 6,374 passenger automobiles are created throughout the world. China, out of all the countries, is at the top of the list, creating about 2,300 each hour of the day. That is over seven times the total number of passenger automobiles manufactured in the United Kingdom and the United States.
Similarly, 106 passenger automobiles are created per minute throughout the world. Toyota, Volkswagen, and Nissan models are at the top of the list, accounting for 34 of the 106 automobiles manufactured every minute, or slightly under a third of all cars created.
With increased manufacturing comes an increased need for stereo cameras. Stereo Vision is utilized in autonomous driving and pre-crash detection to increase car safety. Stereo cameras are used in automotive ADAS to increase safety and comfort while driving. In comparison to the LIDAR system, the stereo camera system is made up of low-cost visible light cameras and distance data that covers the complete field of view. It is useful for passive sensing.
For instance, Honda's AWV is an all-electric, four-wheel vehicle created by Honda that features a forward-facing 3D stereoscopic RGB-D camera as well as other sensors that allow the AWV to effortlessly maneuver around road obstructions. ZED cameras are fueling the mobility revolution by delivering human vision to automobiles, resulting in a smarter and safer society.
As a result, the growing vehicle production propels the growth of the stereo camera market.
The stereo camera has a certain limitation which acts as a restraining for the growth of the market. The stereo camera relies on capturing and analyzing image disparities to calculate depth information. The stereo camera is sensitive to variations in lighting conditions, in case of significant changes in brightness and shadows. Furthermore, the stereo vision algorithm requires a significant computational resource to process the captured images and estimate depth information. Thus, challenges associated with the use of stereo cameras, inhibit the growth of the market.
The stereo camera market had a positive impact on the growth of the market, due to the increase in demand for stereo cameras in hospitals. The robots were used for scanning the length and breadth of a hospital room, using a stereo vision sensor from Stereolabs. The rise in demand for disinfection and scanning hospital rooms to ensure hygiene and safety of COVID-19 patients, boosts its demand in the market, this, the rise in demand for robotics in a hospital facility, drives the stereo camera market.
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These companies are striving to come up with new strategies such as joint ventures, mergers & acquisitions, and joint ventures to expand their footprints across the globe.
RICOH Industrial Solutions Co., Ltd. launched a stereo camera for forklifts through collaboration with Toyota Industries Corporation. The stereo camera is used in the industrial vehicle industry.
Stereolabs has engaged in the introduction of a ZED X stereo camera for autonomous robotic navigation in difficult indoor, and outdoor environments
Top Companies Market Share in Stereo Cameras Industry: (In no particular order of Rank)
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The North America accounts for a dominant share XX% of the market, due to increase in adoption of real time 3D imaging in several application. The 3D imaging offers clear and three-dimensional images which is useful in several applications. 3D real time imaging is used in fisheries. The Alaska Fisheries Science center uses innovative tools such as drones, eDNA analysis, stereo camera system to complement the ship surveys. The high-quality stereo camera reconstructed 3D environment and enables the researchers to count animal number, measure its size. and height of a seafloor. The stereo camera offers unique and essential data, which offers cost-effective ecosystem monitoring and research. (Source: NOAA Fisheries, 2023).Thus, the usage of stereo camera for marine enviornment, which includes sustainable fisheries, boosts the growth of stereo camera market in this region.
The current report Scope analyzes Stereo Cameras Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com
The above graph is for illustrative purposes only.
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Global Stereo Cameras Market Report 2024 Edition talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing Stereo Cameras Industry growth. Stereo Cameras market has been segmented with the help of its Detection Technique, Application Distribution Channel, and others. Stereo Cameras market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.
The robotics segment in the Stereo Camera market accounts for a significant share of the market, due to rising demand for stereo cameras in robotics. The adoption of robots has increased in several sectors such as construction, healthcare, and automotive sector. The use of 3D spatial data for the reconstruction and 3D modeling of indoor space is calculated by stereo camera. The stereo camera has an ability to obtain a synchronized stereo images image sequences and camera rotation parameters in real-time, and 3D modeling for indoor space became possible.
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The Professional Camera Revenue in Stereo Cameras will be USD 5,945.71 Million by 2029.
Stereo cameras are frequently utilized in professional applications such as filmmaking. It was created to help filmmakers capture realistic ambient noise from a wide range of sound sources. Other professional features include a three-step gain control, a high-pass filter, and a high-density foam windscreen for recording in inclement weather, making the stereo camera perfect for use in a professional camera
Smartphones make advantage of stereo cameras. A low-cost solution for stereo on a smartphone now proposes a revolutionary design of a 3D printed adapter with mirrors (catadioptric stereo), as well as front and rear cameras, on a conventional smartphone into a shared field-of-view. They are used not only to produce photos three-dimensional but also to convert video to three-dimensional. It is compatible with all smartphones.
Stereo cameras are used for tablets that can shoot stereoscopic photographs and videos. These cameras are compact and light, making them convenient to carry with you at all times and in any location
Computer stereo vision is the extraction of three-dimensional information from digital pictures captured by a CCD camera. 3D information can be derived by comparing information about a scene from two viewpoint points and assessing the relative locations of things in the two panels. Several pre-processing processes are necessary for a computer vision system.
Agri robots in farming employ stereo cameras. A stereo camera system measures crop height accurately. Even when items in photos overlap, the algorithm determines the desired crop zone. A height measurement method based on machine vision is also being developed for an autonomous agriculture robot. The device was designed using a basic stereo camera setup to permit practical field applications and was utilized to obtain precise height measurements of diverse field crops.
When a stereo camera is attached to a quadcopter, it may capture 3D pictures. Some unmanned helicopters also include a stereo camera for obstacle detection.
For the autonomous landing of fixed-wing UAVs, a ground stereo-vision guiding system that mimics the human visual system (HVS) is used. The suggested non-rigid broad baseline stereo vision algorithm for fixed-wing UAVs has a use case in mind. It is also used to shoot forests from light fixed-wing aircraft.
Due to its dual cameras, the stereo vision camera is ideal for use in motion and gesture control, field mapping, and 3D scanning applications. It is also used for advanced surveillance cameras. Using a depth map in addition to the ordinary picture can substantially increase the efficacy of vision algorithms for surveillance. As a result, adopting a stereo camera allows for the offloading of complex algorithms from servers to IP cameras.
The Robotic Surgical System captures the surgical image using a stereoscopic camera, which is then relayed in real-time to the dual displays in front of the surgeon's eyes. The system features two micro cameras and five small motors that position the cameras to offer a stereoscopic picture of the surgical site.
The capacity of stereo-paired cameras to automatically adjust and recalibrate the cameras regardless of weather, atmospheric conditions or even a bumpy road is made possible by recent advances and improvements in stereoscopic technology. Stereo-paired cameras may now be installed almost everywhere on the vehicle. Thermal stereo cameras are already on the market and can be a vital tool for
unmanned and autonomous aircraft, boats, and, of course, ground-based vehicles.
Mining and Construction employ long-range stereo cameras. This robust camera has integrated processing as well as an IMU with enhanced time synchronization. Several organizations that utilize huge construction and mining equipment are increasingly using machine-vision systems to avoid risky equipment operations while also maintaining worker safety.
A stereo-vision camera is used in spatial analytics. By merging AI with 3D sensing, it obtains a deeper awareness of the physical area in order to make more educated and effective judgments. It aids in multi-person tracking, map-centric analysis, multi-camera fleet management, and many other applications.
Automated Guided Vehicle (AGV) with a stereo vision can transports items between and inside industrial sites. The approach suggests self-localization inside a previously established map, driving the vehicle along the desired path, following such route, and halting along the way whenever the operator specifies. In situations with regulated illumination, the vehicle can follow and duplicate the path.
A stereo camera is also used for enhanced vision goggles, 3d face tracking, 3d mapping, and many others.
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The Online Revenue in Stereo Cameras will be USD 11,540.24 Million by 2029.
An online distribution channel is the chain of a distribution network that uses online media. Manufacturers of stereo cameras are presently inclined towards online sales. To increase sales, the corporations opened their online store. Customers can visit these online stores at any time and purchase items based on their needs and preferences. Similarly, several third-party online sales channels advertise the brand and products to its end consumers.
Offline distribution refers to the advertisement, presentation, and/or sale of products in a physical store setting and/or any other setting in which the people participating in the commercial activity contact face to face. Several stereo camera manufacturers are focused on the offline distribution channel. Some companies have distribution partners that assist them in selling their goods. Currently, there is high demand for stereo cameras has been observed. Thus, the manufacturers are focused on the penetration of their sales channel. Hence, there is a large number of offline sales channels for stereo cameras available in the market.
Senior Research Analyst at Cognitive Market Research
ResearchGate Profile: https://www.researchgate.net/profile/Kalyani-Raje
An optimistic Senior Research Analyst with years of experience in competitive assessment and business consulting. A seasoned professional and subject-matter expert (SME) in the Automobile and transportation vertical.
With a work experience of over 10+ years in the market research and strategy development. I have worked with diverse industries, including FMCG, IT, Telecom, Automotive, Electronics and many others. I also work closely with other departments such as sales, product development, and marketing to understand customer needs and preferences, and develop strategies to meet those needs.
I am committed to staying ahead in the rapidly evolving field of research and analysis. This involves regularly attending conferences, participating in webinars, and pursuing additional certifications to enhance my skill set. I played a crucial role in conducting market research and competitive analysis. I have a proven track record of distilling complex datasets into clear, concise reports that have guided key business initiatives. Collaborating closely with multidisciplinary teams, I contributed to the development of innovative solutions grounded in thorough research and analysis.
Please note, we have not disclose, all the sources consulted/referred during a market study due to confidentiality and paid service concern. However, rest assured that upon purchasing the service or paid report version, we will release the comprehensive list of sources along with the complete report and we also provide the data support where you can intract with the team of analysts who worked on the report.
Disclaimer:
Detection Technique | Time-of-Flight, Stereo Vision, Structured Light, Others |
Application | Professional Camera, Robotics, Smartphones, Tablets, Others |
Distribution Channel | Online, Offline |
List of Competitors | Ricoh, Zivid, Intel Corporation, I3D Robotics Ltd, Stereolabs Inc., IDS Imaging Development Systems GmbH, IDS Imaging Development Systems GmbH, and Others. |
This chapter will help you gain GLOBAL Market Analysis of Stereo Cameras. Further deep in this chapter, you will be able to review Global Stereo Cameras Market Split by various segments and Geographical Split.
Chapter 1 Global Market Analysis
Global Market has been segmented on the basis 5 major regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
You can purchase only the Executive Summary of Global Market (2019 vs 2024 vs 2031)
Global Market Dynamics, Trends, Drivers, Restraints, Opportunities, Only Pointers will be deliverable
Chapter 2 North America Market Analysis
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Qualitative Analysis for the North America Market: North America Stereo Cameras Market Trends North America Stereo Cameras Technological Road Map North America Stereo Cameras Market Drivers North America Stereo Cameras Market Restraints North America Stereo Cameras Market Opportunity Market Attractiveness Analysis COVID – 19 Impact Analysis PESTEL Analysis Porter’s Five Forces Analysis Product Life Cycle Industrial Chain Analysis
You can purchase only the Executive Summary North America Market (2019 vs 2024 vs 2031)
Chapter 3 Europe Market Analysis
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Chapter 4 Asia-Pacific Market Analysis
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Chapter 5 South America Market Analysis
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Chapter 6 Middle East and Africa Market Analysis
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Only Available with Corporate User License
Chapter 7 Top 10 Countries Analysis
Competitor's Market Share and Revenue (Subject to Data Availability for Private Players)
Chapter 8 Competitor Analysis (Subject to Data Availability (Private Players))
(Subject to Data Availability (Private Players))
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Chapter 9 Qualitative Analysis (Subject to Data Availability)
Segmentation Detection Technique Analysis 2019 -2031, will provide market size split by Detection Technique. This Information is provided at Global Level, Regional Level and Top Countries Level The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 10 Market Split by Detection Technique Analysis 2019 -2031
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Chapter 11 Market Split by Application Analysis 2019 -2031
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Chapter 12 Market Split by Distribution Channel Analysis 2019 -2031
This chapter helps you understand the Key Takeaways and Analyst Point of View of the global Stereo Cameras market
Chapter 13 Research Findings
Here the analyst will summarize the content of entire report and will share his view point on the current industry scenario and how the market is expected to perform in the near future. The points shared by the analyst are based on his/her detailed in-depth understanding of the market during the course of this report study. You will be provided exclusive rights to interact with the concerned analyst for unlimited time pre purchase as well as post purchase of the report.
Why Time-of-Flight have a significant impact on Stereo Cameras market? |
What are the key factors affecting the Time-of-Flight and Stereo Vision of Stereo Cameras Market? |
What is the CAGR/Growth Rate of Professional Camera during the forecast period? |
By type, which segment accounted for largest share of the global Stereo Cameras Market? |
Which region is expected to dominate the global Stereo Cameras Market within the forecast period? |
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