Smartphone 3D Camera Market - A trend in young generation
According to a new report published by Reports Monitor titled, “Global Smartphone 3D Camera Market, Growth Opportunities, Innovations and Forecast, 2018-2025,” the global smartphone 3D camera market was valued at XX million in 2018, and is projected to reach at XX million by 2025, growing at a CAGR of XX% from 2018 to 2025.
People are more cautious about modern features in their phone nowadays. Although, 3D camera in smart phones is a trendy feature amongst all of them. It is getting more advanced owing to development in technology. An advanced feature in 3D camera phones helps to capture better videos and pictures with the best quality. 3D camera accompanied with 3D sensor captures a sense movement, the accurate size of objects as well as environments. The performance of the 3D camera is enhanced with object sensing and HD clarity. With additional attractive features, it is getting more popular in the young generation.
The emergence in posting videos and images has led to the rise in popularity of smartphones 3D camera. Many companies launched these smartphones which offers incredible picture quality in addition to competitive edge over all other market players. The presence of advanced features in 3D cameras and quick technological advancements are some of the key drivers of the market. Compatibility with all types of smartphones as well as high price of these products hinders the growth of the market. Furthermore, growth in adoption of smartphones majorly drive the market. Companies intend to integrate advanced and unique features in their products to attract more users with the increasing demand for smartphones. Whereas, 3D cameras have need of high quality lenses, high configurations, and advanced sensors that increases the final price of the deliverables.
Real sensing of the object, HD clarity and high performance of the product is anticipated to expand popularity among the young generation. Stereo vision based 3D cameras have adjustable range ,are easy to design, and are available at low prices. These are the advantages anticipated to boost the industry over the forecast period.
The smartphone 3D camera market is segmented on the basis of technology, resolution and region. The market is bifurcated based on technology like stereoscopy and time-of-flight. Stereoscopy provides accuracy in capturing images, high quality of pictures, and reliability. Based on the camera resolution, the market is segmented as below 8MP, 8 to 16MP, and above 16 MP. Majority of the customers favour cameras in the range of 8 to 16 MP smartphone.
Based on region, Asia Pacific is anticipated to grow rapidly in the market. North America is also growing at a considerable rate. The market in North America is mainly driven by high per capita disposable income in Canada and U.S., changing consumer preferences in addition to growing demand for high-resolution images. Extensive use of the smart phone by consumers in developing countries such as India and China is anticipated to growth over the forecast period. Asia Pacific market is also expected to grow rapidly. It is driven owing to the growing disposable income in the population and the presence of private organizations that are eagerly focused on the innovation and development in the 3D camera technology.
The key vendors in this market are:
Sony Corporation, LG Electronics, Bevel, Sharp Corporation, Panasonic Corporation, SoftKinetic Systems S.A., PMD Technologies AG, Toshiba corporation, Samsung Electronics, Infineon Technologies
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