Smartphone 3D Camera Market to Rise with a Prominent Growth by 2022

Smartphone 3D Camera Market report, published by Allied Market Research, forecasts that the global market is expected to garner $4.4 billion by 2022, registering a CAGR of 49.6% during the period 2015 - 2022.

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Currently, smart phones 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, HD clarity, and improved performance.

Stereoscopic 3D camera technology is the most preferred and cost-effective technology for Smartphone 3D camera market as compared to the time-of-flight (ToF) technology. Stereoscopic would drive the market significantly by 2022 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 54.4% during the forecast period owing to its accurate sensing of the object feature.

Smartphone 3D camera is available in three resolutions that include below 8MP, 816 MP and above 16MP. 3D cameras use sensors, camera lenses, and processors to perform all operations. High resolution cameras cost more than low resolution cameras, owing to the high cost of the components. Presently among these three categories, about 60% of the market revenue is garnered by smartphone 3D camera with 8MP16MP resolution. During the forecast period above 16 MP will be the fast growing resolution type among others and it will attain for the $448.7 million value by 2022.

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

Many prominent players operating in the smartphone 3D camera market adopted product launch as their key strategies. Companies such as Sharp Corporation, Infineon Technologies AG, and Pelican Imaging have introduced innovative and technologically advanced products to capture more market share in smartphone 3D camera market. Prominent companies profiled in the report include Toshiba Corporation, Sony Corporation, Microsoft Corporation, SoftKinetic Systems S.A., PMD Technologies AG, and Others.

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