"Technological Advancements in Smartphone 3D Camera Sensors to Aid the Market Growth"
The smartphone 3D camera market was valued at US$ 1.93 Bn in 2017 and expected to grow at a CAGR of 45.6% during the forecast period from 2017 to 2026. In recent years, smartphones with 3D camera have gained significant popularity. Apple became the first to offer a 3D camera in its iPhone X in 2017. Since then numerous smartphone manufacturers have shown interest in integrating 3D cameras into their smartphones. These cameras are capable of mapping and recognizing a person’s face even in all light conditions even when the face is partially covered with objects like glasses and hats. Depth sensing, 3D scanning of objects and 3D modeling are some of the basic features provided by 3D cameras. One of the most prominent factors aiding the 3D smartphone camera market growth can be attributed to the increasing adoption of smartphones with enhanced camera capabilities. The young population in particular lay a great deal of focus on these aspects while making a purchase decision for a smartphone. However, high manufacturing cost remains one of the restraints hindering market growth. Suppliers charge approximately US$ 50 for each module which ultimately increases the final price of the smartphone.
"Time-of-flight Technology Type to Witness the Fastest Growth during the Forecast Period"
In terms of technology, the time-of-flight sensors segment expected to witness the fastest CAGR growth during the forecast period from 2018 to 2026. Most of the android smartphones in coming years expected to deploy time-of-flight sensors. In 2019, approximately 290 million unit of smartphones are expected to be shipped with 3D sensing functionality. One of the major advantages offered by time-of-flight sensors include performance, size, and power consumption for battery-operated mobile devices. Structured light technology is usually found on Apple’s FaceID facial-recognition feature.
"R&D Activities to Remain on the Center Stage for Smartphone 3D Camera Manufacturers"
Technological advancements have enabled manufacturers to add new capabilities to Smartphone 3D Camera. Through research and development, manufacturers are expanding their product offering and at the same time also improving upon software and processor. Entering into partnerships is one of the most prominent strategies adopted by the manufacturers of Smartphone 3D Camera. This strategy enables the manufacturers to strengthen their market positioning.
Key players profiled in the report include Sony Inc., Sharp Corporation, Infineon Technologies AG, Soft Kinetic Systems S.A., Leica AG, Toshiba Group, PMD Technologies, Samsung Electronics Limited and Pelican Imaging among others.
Historical & Forecast Period
This study report represents analysis of each segment from 2022 to 2032 considering 2023 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2024 to 2032.
The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.
Research Methodology
The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of Smartphone 3D Camera market are as follows:
Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.
ATTRIBUTE | DETAILS |
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Research Period | 2022-2032 |
Base Year | 2023 |
Forecast Period | 2024-2032 |
Historical Year | 2022 |
Unit | USD Million |
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Region Segment (2022-2032; US$ Million)
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Key questions answered in this report