According to a new market research report published by Credence Research “Smartphone 3D Camera Market (Technology – Time-of-flight (TOF) and Stereoscopic Camera, Positioning – Front Camera and Rear Camera, Resolution – Below 8MP, 8-16MP and Above 16MP) – Growth, Future Prospects and Competitive Analysis, 2018 – 2026”, the global smartphone 3D camera market was valued at US$ 1.93 Bn in 2017 and will be growing at a CAGR of 45.6% during the forecast period from 2018 to 2026.
The demand for smartphone 3D cameras was estimated at US$ 1.93 billion in 2017 and would rise at a compound annual growth rate (CAGR) of 45.6 percent over the forecast period from 2018 to 2026. Smartphones have become a central part of everyone’s life today. The versatility of smartphones has grown well beyond just texting, web and simple cameras. Technological advancements have allowed smartphone cameras to be highly capable in terms of image quality. One of the new capabilities of today’s smartphone cameras is the implementation of 3D cameras.
Such cameras have depth-sensing capabilities and can map one’s face in all types of lighting conditions. In addition, 3D-enabled smartphones can “face unlock” faster and more safely than standard front-facing cameras, iris scanners, or both. As a result, increasing demand for smartphones with enhanced camera capabilities is expected to complement the growth of the smartphone 3D camera industry. Such cameras also provide 3D object modeling and 3D scanning. Nonetheless, the high price of the 3D camera module is one of the limiting factors that negatively impact market growth.
To order to gain competitive advantage, manufacturers of mobile 3D cameras are engaged to research and development activities. For example, Huawei expected to launch a new smartphone with a 3D ToF camera. The camera will be able to take three-dimensional images of objects and people. It is claimed that the latest sensors were created by Sony Corp. and, in addition to creating 3D models, it is also capable of other applications such as augmented reality, hand gestures and more. Likewise, LG filed a patent for a new type of camera that uses lasers to assess the depth of the object to create 3D objects.
Through engineering, the time-of-flight segment is projected to have the fastest growth rate during the forecast period. This development is accompanied by an increase in the introduction of this technology in smartphones in the coming years. Some of the advantages provided by time-of-flight sensors include reliability, size and power consumption. Structured light software, on the other hand, is mostly used on Apple’s FaceID facial recognition app.
Report Scope by Segments:
Technology (2016–2026; US$ Bn)
- Time-of-flight (TOF)
- Stereoscopic Camera
Positioning (2016–2026; US$ Bn)
- Front Camera
- Rear Camera
Resolution (2016–2026; US$ Bn)
- Below 8MP
- Above 16MP
Some of the major players operating in the smartphone 3D camera market include Sony Inc., Sharp Corporation, Infineon Technologies AG, Soft Kinetic Systems S.A., Leica AG, Panasonic, Mantis Vision, PMD Technologies, Samsung Electronics Limited and Pelican Imaging among others.
Key questions answered in this report:
- What was the global smartphone 3D camera market size in 2017 and forecast for 2026?
- What are the current trends in the smartphone 3D camera market?
- What are the various valuable opportunities for the players in the market?
- Which is the largest regional market for smartphone 3D camera?
- Which region expected to be the fastest growing and why?
- What are the future prospects for the smartphone 3D camera market?
- What are the major drivers and restraints influencing the market growth?