The Smartphone 3D Camera Market is estimated to grow at a faster CAGR over the forecast period (2020-2027).
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The factors driving growth of the Smartphone 3D Camera Market includes rising penetration of smartphones around the world, increasing use of 3D content across media, entertainment and gaming industries, and improvements in the living standards. For instance, the smartphone penetration rates across India were estimated around 60.63% in 2021 and is expected to reach 92.52% by the end of 2034, which is expected to accelerate the Smartphone 3D Camera Market size in the approaching years. Moreover, growing adoption of advanced technologies such as Augmented Reality, Artificial Intelligence (AI) and Internet of Things (IoT), introduction of new features and utilities in smartphones, increasing application of smartphones in 3D imaging in security surveillance, mobile robots, and home automation systems and rapid urbanization, are some of the additional factors supplementing the market growth. In addition, the increasing investments by major companies on research and development, strategic partnerships and collaborations between companies and growing disposable incomes, are further contributing towards the market growth.
However, smartphones installed with 3D cameras are expensive as compared to other smartphones, which is hampering the market growth.
The prominent players operating in the Smartphone 3D Camera Market are Microsoft Corporation, Panasonic Corporation, Toshiba Group, Sony Inc., Sharp Corporation, Infineon Technologies AG, PMD Technologies, Samsung Electronics Limited, Soft Kinetic Systems S.A., and Pelican Imaging, among others.
Based on Technology, the Time-of-Flight segment is predicted to grow at a significant CAGR during the forecast period
3D cameras can scan an area within fraction of a second, improves picture quality, and can handle lightning conditions, which are pushing growth of the segment.
Based on Resolution, the 8-16 MP segment is projected to expand at a remarkable CAGR over the forecast period
3D cameras provide improved picture quality and offer clarity to image, which is propelling growth of the segment.
Based on Region, the Asia-Pacific region is expected to hold the maximum market share during the forecast period
As per the Smartphone 3D Camera Market Trends, growing demand for smartphones across India, China and Indonesia, increased adoption of latest technologies by manufacturers, rising per capita incomes and high population growth rates, are some of the important factors augmenting the market growth in Asia-Pacific.
Key Developments
- In 2020, Infineon Technologies AG, collaborated with software and 3D time of flight system specialist pmdtechnolgies, launched the smallest 3D image sensor for mobile devices which offers face recognition feature, improved photo functions, and authentic AR experiences.
- In 2019, Microsoft Corporation introduced Azure Kinect, an enterprise camera system. This system utilizes the perennially 3D imaging technology of the company to develop a 3D camera for the enterprises.
Market Segmentation
Segmentation by Technology
- Stereoscopy
- Time-of-Flight
Segmentation by Resolution
- Below 8 MP
- 8-16 MP
- Above 16 MP
Segmentation by Region
- Asia Pacific
- China
- Japan
- India
- Rest of APAC
- North America
- United States of America
- Canada
- Europe
- United Kingdom
- Germany
- France
- Spain
- Rest of Europe
- RoW
- Brazil
- South Africa
- Saudi Arabia
- UAE
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