Smartphone 3D Camera Market is Expected to Increase

Smartphone 3D Camera Market is Expected to Increase

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A new report by Allied Market Research titled, “World Smartphone 3D Camera-Market Opportunities and Forecast, 2014-2020,” forecasts that the world smartphone 3D market would garner $2,028.8 million by 2020, registering a CAGR of 48.2% during the forecast period of 2015-2020.

That only means that we’ll be seeing more 3D cameras in smartphones and we’ll probably see more 3D videos on Youtube.

Stereoscopic 3D camera technology is the most preferred and cost effective technology for smartphone 3D camera. Stereoscopic technology would drive the market significantly throughout the forecast period (2015-2020) and would maintain its dominant position in the market. Whereas, the time of flight 3D camera technology segment, is expected to exhibit a faster growth, with a CAGR of 51.8% during the forecast period, owing to its accurate sensing of the object feature.

LG G4 Camera

Smartphone 3D camera is available in three resolutions, which include below 8MP, 8-16 MP and above 16MP. High resolution cameras cost more than low resolution cameras, owing to the high cost of the components. Among these three categories, about 60% of the market revenue is garnered by smartphone 3D camera with 8MP-16MP resolution in 2014. During the forecast period, 8-16 MP would attain market value of $1,223.4 million by 2020.

Asia-Pacific has emerged as a prime region for smartphone 3D camera, exhibiting an increased demand due to rapidly rising smartphone penetration, increasing purchasing power of consumers. In addition, presence of numerous companies in countries such as Japan, Taiwan & China offering 3D camera component is expected to boost revenue in this region.

Key findings of the study:

World smartphone 3D camera market is expected to grow rapidly owing to increased smartphone adoption, technological advancements and availability of unique features such as picture clarity and depth sensing
Time of flight technology for smartphone 3D camera would grow at a CAGR of 51.8% during 2015-2020, owing to its accurate sensing feature
Smartphone 3D camera with resolution of 8-16MP, would generate highest revenue throughout the forecast period, growing at a CAGR of 48.3%
Asia-Pacific proves to be one of the most lucrative and fastest growing regions, in terms of growth. The market in the region is expected to grow at a CAGR of 48.6% during 2015 – 2020.

For more information, visit https://www.alliedmarketresearch.com/smartphone-3d-camera-market