The market for 3D surveillance cameras is projected to expand significantly, growing from US$ 1.75 billion in 2022 to an anticipated US$ 7.92 billion by 2030, reflecting a compound annual growth rate (CAGR) of 20.7% during this period.

The United States stands as one of the foremost producers of natural gas globally. As reported by the US Energy Information Administration (EIA), the nation produced approximately 34,517,798 million cubic feet (MMcf) of natural gas and consumed around 30,664,951 MMcf in 2021. Additionally, the US exported 3,560,818 MMcf of liquefied natural gas (LNG). Numerous new construction projects in the oil and gas sector are currently underway across the globe. For instance, in the second quarter of 2022, the construction of the Centre of Excellence for Carbon Capture & Removal project commenced in Burnaby, British Columbia, Canada. This initiative involves the establishment of a carbon capture and storage (CCS) facility capable of capturing and storing up to 2,000 metric tons of CO2 daily. Similarly, the Vista Pacifico Liquefied Natural Gas Plant project began construction in Q2 2022, with an investment of US$ 2 billion. This project aims to develop an LNG export terminal on a 150-hectare site in the Municipality of Ahome, Topolobampo, Sinaloa, Mexico. Such developments in the oil and gas sector are expected to drive the demand for safety instrumented systems.

Moreover, the Statistics of the Swedish Mining Industry 2021 report indicates that Sweden's ore production reached 88.6 million metric tons in 2021, marking a 22% increase since 2015. Additionally, the Australian Bureau of Statistics reported a 5.7% rise in mining production in Australia during the first quarter of 2023. This upward trend in global mining production is likely to escalate the demand for security and monitoring systems, which are essential for ensuring the safety of personnel, equipment, and materials, as well as for monitoring production processes. The growing necessity for security solutions, including surveillance cameras, is anticipated to further enhance the growth of the 3D surveillance camera market throughout the forecast period.

Furthermore, Mexico's mining sector plays a crucial role in the economy, contributing 3% to the nation's GDP. The country ranks among the top global producers of 17 different minerals, with gold, silver, copper, zinc, and iron pellets accounting for 85% of its total mining-metallurgical production value. According to the Ministry of Economy of Mexico, preliminary investments in the mining industry reached US$ 4.25 billion in 2021, with the total production value estimated at US$ 16.9 billion. The International Trade Administration (ITA) reported a 23% increase in mining production in Mexico during 2021. The expanding mining sector is expected to drive the demand for 3D surveillance cameras, which can provide real-time security at mining sites, thereby contributing to the growth of the 3D surveillance camera market in Mexico.

Key players in the 3D surveillance camera market include 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. A comprehensive analysis of various other significant players in the 3D surveillance camera market has also been conducted to provide a well-rounded perspective of the market and its ecosystem.

The overall size of the 3D surveillance camera market has been determined through a combination of primary and secondary research methods. The research process commenced with extensive secondary research, utilizing both internal and external sources to gather qualitative and quantitative data related to the 3D surveillance camera market. This approach also aimed to provide an overview and forecast of the market's growth across all segments. Additionally, numerous primary interviews were conducted with industry participants and experts to validate the findings and gain deeper analytical insights into the subject. Participants in this research included industry professionals such as vice presidents, business development managers, market intelligence managers, and national sales managers, as well as external consultants like valuation experts, research analysts, and key opinion leaders specializing in the 3D surveillance camera market.