Report : South & Central America 3D Surveillance Camera Market Forecast to 2030 - Regional Analysis - by Product Type (Dome Camera, Bullet Camera, PTZ Camera, and Others), Technology (Stereoscopic Imaging, Time of Flight, and Structured Light Imaging), and Application (People Tracking, Object or Scene Detection, Monitoring Systems, Face Recognition, Robotic Arm Collision Avoidance, and Others)
At 17.8% CAGR, South & Central America 3D Surveillance Camera Market is Projected to be Worth US$ 296.04 Million by 2030, says Business Market Insights
According to Business Market Insights’ research, the South & Central America 3D surveillance camera market was valued at US$ 79.57 million in 2022 and is expected to reach US$ 296.04 million by 2030, registering a CAGR of 17.8% from 2022 to 2030. Increasing deployment of advanced surveillance systems at airport and increasing developments in smart cities are among the critical factors attributed to drive the South & Central America 3D surveillance camera market growth.
Commercial and municipal commuter airports, by definition, provide several security and operational issues. The capacity to properly monitor everyday operations and identify potential threats and liabilities is critical for maintaining business continuity and profitability while also guaranteeing the safety and security of employees, visitors, facilities, and assets. As commuter airports expand in size and capacity, the obstacles multiply dramatically. Given the volume of data generated by these systems, the practical implementation of 3D LiDAR (light detection and ranging) technology is game-changing for airport security, safety, and business operations applications. 3D LiDAR solutions go beyond the boundaries of standard 2D video imaging and analytics, transforming traditional video security systems based solely on forensic approaches into real-time proactive solutions with extreme accuracy, performance, and cost-efficiency. Ideal for large airport facilities, 3D LiDAR sensors give 360° coverage with a range of 15,000 square meters per sensor, significantly lowering the hardware, software, cabling, networking, and installation requirements that are generally required.
Given these qualities and capabilities, 3D LiDAR technologies can significantly improve the effectiveness of traditional video security and surveillance systems for commercial airports, both inside the airport and outside. For external airport applications, video systems equipped with 3D LiDAR technology significantly improve security beyond perimeter protection by extending 360° spatial awareness to all exterior areas within secured areas. This comprises parking facilities, remote long-term parking lots, passenger ground transportation, and pick-up and drop-off locations. The 3D LiDAR technology implemented for security can also be used for a range of business intelligence applications, such as monitoring ground operations, runaway, taxiway traffic, cargo, and maintenance areas.
Below are a few of the instances signifying the growing adoption of 3D surveillance cameras across the airports:
- In March 2024, Outsight, the leading innovator in 3D lidar-based spatial AI software solutions, announced its membership in GATE—the airport technology network, an organization dedicated to promoting innovation and improvement in airport infrastructure. This membership is a key milestone for outsight, as it will work with other gate members to assess and enhance airport operations using Spatial Intelligence. The partnership's goal is to incorporate Outsight's cutting-edge Spatial AI technology into airport ecosystems, improving operational efficiency, elevating passenger experience, and increasing safety.
- In October 2023, Veovo offered new ground-breaking LiDAR technology for their Intelligent Airport Platform, which will alter airport operations and improve passenger experiences. LiDAR, or Light Detection and Ranging, combines powerful 3D mapping and precise object detection to elevate airport situational awareness to new heights. The addition of LiDAR to the Veovo platform will most likely improve understanding of people's movement throughout large and complex spaces and boost operational decision-making.
Thus, the implementation of safety measures and integration of advanced surveillance technologies is expected to offer ample opportunities to the 3D surveillance camera market.
On the contrary, data sensitivity and privacy concerns hampers the growth of South & Central America 3D surveillance camera market.
Based on product type, the South & Central America 3D surveillance camera market is segmented into dome camera, bullet camera, PTZ camera, and others. The dome camera segment held 38.7% share of South & Central America 3D surveillance camera market share in 2022, amassing US$ 30.82 million. It is projected to garner US$ 118.40 million by 2030 to register 18.3% CAGR during 2022–2030.
In terms of technology, the South & Central America 3D surveillance camera market is segmented into stereoscopic imaging, time of flight, and structured light imaging. The stereoscopic imaging segment held 46.7% share of South & Central America 3D surveillance camera market in 2022, amassing US$ 37.15 million. It is anticipated to garner US$ 136.04 million by 2030 to expand at 17.6% CAGR during 2022–2030.
By application, the South & Central America 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 27.8% share of South & Central America 3D surveillance camera market in 2022, amassing US$ 22.16 million. It is projected to garner US$ 74.31 million by 2030 to expand at 16.3% CAGR from 2022 to 2030.
Based on country, the South & Central America 3D surveillance camera market is categorized into Brazil, Argentina, and the Rest of South & Central America. Our regional analysis states that Brazil captured 70.9% share of South & Central America 3D surveillance camera market in 2022. It was assessed at US$ 56.37 million in 2022 and is likely to hit US$ 215.48 million by 2030, registering a CAGR of 18.2% during 2022–2030.
Key players operating in the South & Central America 3D surveillance camera market are Hexagon AB; Honeywell International Inc; Robert Bosch GmbH; Panasonic Holdings Corp; LG Electronics Inc; Teledyne Technologies Inc; Geovision Inc; Hangzhou Hikvision Digital Technology Co Ltd; and 3dEYE Inc., among others.
- In May-2022, Hexagon’s Mining division announced that it had strengthened its leadership in production material monitoring and measurement by introducing HxGN MineMeasure Detect, a 3D camera hardware, software, and data solution. MineMeasure Detect enables real-time optimization for plant production with automated digital image analysis, offering continuous, accurate, and rapid measurement of oversize, volume, rock fragmentation, and color analysis.
- In March-2023 , Teledyne FLIR, part of Teledyne Technologies Incorporated, announced it will be exhibiting at the ISC West trade show at the Venetian Expo. Here, the company will be showcasing its new cameras and multilayered security solutions. FLIR is expanding its broad portfolio of visible cameras by launching its first family of visible security cameras with artificial intelligence (AI), the FLIR Quasar Premium Mini-Dome AI, which is making its debut at ISC West.
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