The global smartphone 3D camera market size was valued at $2.55 billion in 2020, and is projected to reach $44.01 billion by 2030, growing at a CAGR of 32.8% from 2021 to 2030.
3D camera is the imaging device, which replicates the image same as it is experienced via human binocular vision. In general, the device comprises of two lenses. 3D camera captures three-dimensional images, which enhances the overall quality of the visuals.
3D camera equipped smartphone is one of the emerging technologies that provides enhanced quality pictures and videos to end users. Currently, the latest smartphones are integrated with 3D cameras that can sense movements, while taking pictures and enhance the picture quality.
Smartphone 3D camera is gaining popularity among the young generation due to its attractive features, such as real sensing of the object, clarity, and HD performance. Increase in adoption of smartphones and rise in usage of 3D content across media, entertainment, and gaming industries are the key drivers for the growth of the smartphone 3D camera industry. 3D camera is a new concept in the smartphone market, and several manufactures are adopting the 3D technology in smartphone cameras to cater to the growth in demand for smartphone 3D camera from customers. These cameras are equipped with depth sensors, which have the capacity to record quarter million 3D measurements per second and offer real-time 3D modeling of objects.
The smartphone 3D camera market revenue is anticipated to witness significant growth during the forecast period. This is attributed to factors, such as growth in adoption of smartphones, compatibility, high price, technological advancements, and availability of myriad features in 3D camera. Moreover, availability of advanced features in 3D cameras and rapid technological advancements are also expected to boost the growth of smartphone 3D camera industry. However, integration of these cameras requires heavy configurations, such as large memory space and high-end processors to support all the 3D camera features and high pricing of these products are expected hinder the Smartphone 3D Camera Market Opportunity.
The smartphone 3D camera market is segmented on the basis of technology, resolution, and region. On the basis of technology, the market is segmented into stereoscopic camera and time-of flight. The ToF 3D Camera technology is expected to witness increase in adoption in the near future, as this technology allows a smartphone to capture accurate real-time 3D images with high degree of accuracy and sensitivity. However, camera manufacturers extensively use stereo vision technology owing to the simplicity in its implementation as compared to other technologies.
On the basis of resolution, the market is divided into consists 8MP, 8 MP to16 MP, and above 16 MP. To gain diverse insights globally, the smartphone 3D camera market trends are analyzed as per different geographies, such as North America, Europe, Asia-Pacific, and LAMEA.
TOP IMPACTING FACTORS
The significant impacting factors in the smartphone 3D camera market outlook include, growth in adoption of smartphones and technological advancements in 3D camera, which are expected to drive the smartphone 3D camera market growth. However, compatibility with all smartphones and high cost of these gadgets hinder the smartphone 3D market growth. Conversely, availability of myriad features in 3D camera is projected to offer remunerative growth opportunities in the market. Each of these factors is anticipated to have a definite impact on the market during the forecast period.
COVID-19 IMPACT ANALYSIS
The outbreak of COVID-19 significantly affected the electronics and semiconductor sectors. Businesses and manufacturing units across various countries were closed, owing to increase in number of COVID-19 cases, and were estimated to remain closed in 2021. Furthermore, partial or complete lockdown disrupted global supply chains, posing challenges for manufactures to reach customers.
The COVID-19 pandemic impacted the society and overall economy across the globe. The impact of this outbreak grows day-by-day, affecting the overall business globally. The crisis is creating uncertainty in the stock market, falling business confidence, massive slowing of supply chain, and rise in panic among customer segments.
Asian and European countries under lockdowns have suffered major loss of business and revenue due to the shutdown of manufacturing units. The operations of the production and manufacturing industries are heavily impacted by the outbreak of the COVID-19 pandemic, which negatively impacts the growth of the smartphone 3D camera market.
The COVID-19 pandemic impacted the electronics sector, as the production facility halted, which, in turn, resulted in significant demand for electronics and semiconductor products in industries. Its major impacts include, large-scale manufacturing interruption across Europe and interruption in Chinese parts exports, which are expected to hinder the growth of the smartphone 3D camera market.
The key players profiled in the report include, Infineon Technologies AG., Intel Corporation, Leica Camera AG, Microsoft Corporation, Panasonic Corporation, Pmdtechnologies AG, Samsung Electronics Co. Ltd., Sharp Corporation, Sony Corporation, and Toshiba Corporation. These key players have adopted strategies, such as product portfolio expansion, mergers & acquisitions, agreements, geographical expansion, and collaborations to enhance their position in the smartphone 3D camera market.
KEY BENEFITS FOR STAKEHOLDERS
- This study comprises analytical depiction of the global smartphone 3D camera market size along with the current trends and future estimations to depict the imminent investment pockets.
- The overall smartphone 3D camera market analysis is determined to understand the profitable trends to gain a stronger foothold.
- The report presents information related to key drivers, restraints, and opportunities with a detailed impact analysis.
- The smartphone 3D camera market forecast is quantitatively analyzed from 2021 to 2030 to benchmark the financial competency.
- Porter’s five forces analysis illustrates the potency of the buyers and suppliers in the industry.
- The report includes the smartphone 3D camera market share of key vendors and market trends.
Smartphone 3D Camera Market Report Highlights
Key Market Players
Leica Camera AG, Sharp Corporation, Pmdtechnologies AG, Infineon Technologies AG, Microsoft Corporation, Toshiba Corporation, Intel Corporation, Samsung Electronics Co. Ltd., Panasonic Corporation, Sony Corporation
Other players in the value chain include:
Amkor Technologies, Bevel, HTC Corporation, Samsung Electronics Limited, LG Electronics
The smartphone 3D camera grows at a significant rate with increase in usage of advanced featured smartphone in the market. 3D camera equipped smartphone is one of the emerging technologies that provides enhanced quality pictures and videos to end users. Currently, the latest smartphones are integrated with 3D cameras that can sense movements, while taking pictures and enhance the picture quality. Smartphone 3D camera gains popularity among the young generation due to its attractive features, such as real sensing of the object, clarity, and HD performance.
The key factors that drive the growth of the global smartphone 3D camera market include, growth in adoption of smartphones, rise in usage of 3D content across media, entertainment, & gaming industries, and surge in inclination toward high end technology & advanced feature smartphones. At present, various developing countries such as India, China, Brazil, and others focus on building digital infrastructure. Therefore, rise in investment by the IT & telecom industry across these countries is expected to boost the growth of the smartphone 3D camera market. Hence, various developed economies are investing in these countries to build their business globally. However, the high initial cost and compatibility related to usage are anticipated to restrain the growth of the global market. Furthermore, the myriad features of smartphone 3D camera are expected to provide lucrative growth opportunities for the global market during the forecast period.
Among the analyzed geographical regions, Asia-Pacific is anticipated to be the fastest growing market in terms of adoption of smartphone 3D camera. The changes in consumer buying behavior, strong purchasing power, and rise in disposable income drive the growth of the market.
Infineon Technologies AG., Intel Corporation, Leica Camera AG, Microsoft Corporation, Panasonic Corporation, Pmdtechnologies AG, Samsung Electronics Co. Ltd., Sharp Corporation, Sony Corporation, and Toshiba Corporation are the key market players that occupy a significant revenue share in the smartphone 3D Camera Market.