Smartphone 3D Camera Market Outlook 2031
The global smartphone 3D camera market size was USD 4.50 Billion in 2022 and is estimated to reach USD 57.81 Billion by 2031 expand at a considerable CAGR 32.8% during the forecast period, 2023 – 2031. The growth of the market is attributed to rising demand for 3D technology in entertainment & media firms and incorporation of 3D lens with simple and stereoscopic visual features.
3D camera is a technology implemented in smartphones to take three-dimensional pictures and videos with excellent picture quality and graphics. 3D camera captures images in three dimension by allowing in-depth penetration.
Smartphone 3D Camera Market Trends, Drivers, Restraints, and Opportunities
- Rising demand for 3D technology in entertainment & media firms as well as utilization of 3D cameras in security supervision, artificial intelligence, and home automation is anticipated to foster 3D product supply in the upcoming years.
- Smartphone cameras equipped with 3D scanning technology allow players to introduce new products with high-quality picture and graphics along with 3D applications, which is expected to propel the market during the forecast period.
- Incorporation of three-dimensional lenses with simple and stereoscopic visualization technology in smartphones is an important feature, which is estimated to increase sales and fuel the market over the forecast period.
- High prices of smartphone 3D cameras and compatibility issues are key challenges that are expected to hinder the market growth in the upcoming years.
- Increasing research and development on smartphones incorporated with three-dimensional applications provides various movements and allow devices to take images at specified dimension of object. Features such as actual sensation of objects and HD quality of image is estimated to generate opportunities for market augmentation in the upcoming years.
- Rising adoption of smartphone 3D cameras in social media, entertainment sector, and face recognition are market trends that are anticipated to create opportunities for market expansion during the forecast period.
Scope of Smartphone 3D Camera Market Report
The report on the global smartphone 3D camera market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
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Attributes
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Details
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Report Title
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Smartphone 3D Camera Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast
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Base Year
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2022
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Historic Data
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2016–2021
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Forecast Period
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2023–2031
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Segmentation
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Technologies (Time-of-Flight and Stereoscopic Camera), and Resolutions (8MP, 8-16MP, and Above 16MP)
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Regional Scope
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Asia Pacific, North America, Latin America, Europe, and Middle East & Africa
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Report Coverage
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Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
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Key Players Covered in the Report
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Toshiba Corporation, SoftKinetic Systems SA, Sony Corporation, Panasonic Corporation, LG Electronics, Samsung Electronics, Bevel Corporation, PMD technologies AG, Sharp Corporation, and Infineon Technologies
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Smartphone 3D Camera Market Segment Insights
Stereoscopic camera segment is expected to represent a key market share
On the basis of technologies, the global smartphone 3D camera market is divided into time-of-flight and stereoscopic camera. The stereoscopic camera segment is expected to represent a key share of market during the forecast period, due to high picture quality, precisely captured image of an object, and authentic depth visualization.
8-16MP segment is expected to grow at a rapid pace
Based on resolutions, the global smartphone 3D camera market is classified into 8 MP, 8-16 MP, and above 16 MP. The 8-16MP segment is anticipated to grow at a rapid pace during the forecast period, owing to wide usage of smartphones equipped with 8-16 megapixel cameras.
Asia Pacific is projected to account for key share
On the basis of regions, the market can be classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. Asia Pacific is estimated to register significant CAGR during the forecast period across the globe, owing to huge customer base of middle-class families, presence of leading players in region, and wide usage of virtual reality.
However, North America accounts a for notable market share in the base year and is expected to register higher CAGR than Asia Pacific, due to rapid development of technology, accessibility of infrastructure, and presence of giant players.
Segments
The global smartphone 3D camera market has been segmented on the basis of
Technologies
- Time-of-Flight
- Stereoscopic Camera
Resolutions
Regions
- Asia Pacific
- North America
- Latin America
- Europe
- Middle East & Africa
Key Players
- Toshiba Corporation
- SoftKinetic Systems SA
- Sony Corporation
- Panasonic Corporation
- LG Electronics
- Samsung Electronics
- Bevel Corporation
- PMD Technologies AG
- Sharp Corporation
- Infineon Technologies
Competitive Landscape
Key players competing in the market are Toshiba Corporation, SoftKinetic Systems SA, Sony Corporation, Panasonic Corporation, LG Electronics, Samsung Electronics, Bevel Corporation, PMD technologies AG, Sharp Corporation, and Infineon Technologies. Several players are actively engaged in various market strategies such as mergers, product launches, acquisitions, and expansion of production capacity to increase their market position and expand their customer base.
In 2018, PMD technologies AG announced that it planned to unite with Leica Camera AG to develop smartphone cameras integrated with in-depth sensors.
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