Smartphone 3D Camera Market

Global Smartphone 3D camera market is estimated to grow at a CAGR of 49.3% during forecast period (2022-2030). The market is expecting massive rise in the demand due to the rising adoption of smartphones globally, 3D camera is anticipated to become an important feature of smartphones. Other than high resolution images, the 3D cameras also offer as real sensing of the object, HD clarity, and improved performance. Thus, the need of high resolution images has compelled the smartphones manufacturers to launch smartphones equipped with 3D camera. The companies have launched many 3D camera smartphones. The disposable per capita income is also a major factor that is fueling the global smartphone 3D camera market. The high disposable income allows the consumers to purchase the high-resolution 3D camera smartphones.

Stereoscopy to Lead the Technology Segment

Global Smartphone 3D camera market has been segmented on the basis of technology and resolution. The technology segment is further segmented into stereoscopy and time of flight. However, stereoscopy segment is the dominating segment with a revenue share of 67.28 % in 2021. The use of stereoscopic technology is more reliable, precise, and high-quality images can be captured and further this setup is easy to design, more economical and have adjustable range which is sort to be the major driver for the growth of stereoscopy based smartphone 3D camera.

Time of Flight Technology to Grow at an Exponential Rate During the Forecast Period

Time of flight in the technology segment of smartphone 3D camera market is expected to grow at a highest CAGR of 49.5% in the forecast period. The time of flight technology integrated camera provides the advantage of high speed image capture (suited to be used in real-time applications), simple and compact design compared to other stereo vision or triangulation systems. Moreover, wide range of application such as in gesture and non-gesture application. Provided by the time of flight technology is anticipated to increase its adoption in smartphones. 3D time of flight can be used into gesture and non-gesture applications. This technology has transformed the normal smartphones in handheld 3D scanner. Through this technology, the smartphones can take accurate room measurements with a single picture only. Technological advancement time of flight technology is also anticipated to drive the time of flight technology market during forecast period.

North America Takes a Lion’s Share with About 36% of Revenue Share

Geographically, the global Smartphone 3D camera market has been segmented into North America, Europe, Asia Pacific and Rest of the World (ROW). North America is dominating the market in global Smartphone 3D camera market with a revenue share of 36.21% in 2021. The introduction of Smart phones with 3D camera has also boosted the market in North America. Moreover, Asia Pacific is anticipated to be the fastest growing region during the forecast period with a CAGR of 50.4%. The Asia pacific smartphone 3D camera market is primarily driven by growing disposable income in Asia pacific region, presence of large pool of companies manufacturing smartphones equipped with 3D camera coupled with growing smartphone penetration in the Asia pacific region. Sharp Corporation, Toshiba Corporation, Sony Corporation, LG Display, Samsung Electronics, and others are the key players operational in the Asia pacific. Moreover, according to International Monetary Fund (IMF), Asia Pacific is the world’s economic engine at present.

Technology Innovation to Decide on Market Leadership

The intensity of competitive rivalry in 3D smartphone camera market is expected to move from moderate to high over the forecast period. Continuous technological advancement and investment in developing new product are the key strategies adopted by manufacturers to enhance their market presence. Product launch is the primary strategy adopted by the companies in the smartphone 3D camera market. New and advanced products help to improve company market visibility while competing effectively with the key competitors already present in the market. Partnership and collaboration is the secondary strategy adopted by the companies in the Smartphone 3D camera market. Strategic partnership allows the companies to leverage resources and technological capabilities. Key companies in this market include Sharp Corporation, Infineon Technologies AG, Leica, Sony Corporation and Others.

Historical & Forecast Period

This research report presents the analysis of each segment from 2020 to 2030 considering 2021 as the base year for the research. Compounded annual growth rate (CAGR) for each respective segment are calculated for the forecast period from 2022 to 2030.

Report Methodology

Market revenues and CAGR were derived from primary and secondary research. Both quantitative and qualitative trends were considered for extrapolation of market revenues. The derived market estimates were further validated from top down, bottom strategies and primary research. The scope of the market is limited to the following segments of product categories and region.

By Technology (2020-2030; US$ Mn)

• Time of flight
• Stereoscopy

By Resolution (2020-2030; US$ Mn)

• Up to 8 megapixel
• 8-16 Megapixel
• Above 16

By Region (2020-2030; US$ Mn)

• North America
• Europe
• Asia Pacific
• Latin America
• Africa

Global Impact of Covid-19 Segment (2020-2021; US$ Mn)

• Pre Covid-19 situation
• Post Covid-19 situation

Key questions answered in this report

• What are the key market segments in current scenario and in the future by product categories?
• What are the key market segments in current scenario and in the future by regions?
• What is the key impact of Covid-19 over market revenues and market determinants in the global smartphone 3D camera market?
• What are the primary and secondary macro and micro factors influencing the market growth currently and during the forecast period?
• What are the primary and secondary macro and micro factors deterring the market growth currently and during the forecast period?
• How to overcome the current market challenges and leverage the opportunities in each of the market segment?
• Who are the key players in the operational predictive maintenance market and what are their key product categories and strategies?
• What are the key strategies – mergers/acquisitions/R&D/strategic partnerships etc. that companies are deploying to enhance market revenues and growth?