Press release
Valuation Of Smartphone Lidar Is Expected To Grow At US$ 6.05 Billion By 2030
According to Fact.MR's recently published report, the global smartphone LiDAR market is estimated at US$ 1.63 billion in 2022 and is forecasted to expand rapidly at a CAGR of 17.8% during the forecast years 2022-2030. The market is poised to grow due to remarkable penetration of advanced smartphones across the world.Smartphones incorporating depth sensors have just been introduced into the consumer market. For iOS smartphones, these sensors were marketed as 'LiDAR scanners', and for Android devices, they were marketed as 'time-of-flight depth (ToF) cameras'. These sensors were first used to enhance photo quality (such as the bokeh effect, better camera focus, etc.) and to enable augmented reality applications; however, they proved to be appropriate for scientific uses as well.
๐๐ผ๐๐ป๐น๐ผ๐ฎ๐ฑ ๐ฎ ๐๐ฅ๐๐ ๐ฆ๐ฎ๐บ๐ฝ๐น๐ฒ ๐๐ผ๐ฝ๐ ๐ผ๐ณ ๐ง๐ต๐ถ๐ ๐ฅ๐ฒ๐ฝ๐ผ๐ฟ๐ -
https://www.factmr.com/connectus/sample?flag=S&rep_id=7908?PS
The technological transformation taking place in smartphones with the adoption of 5G mobile network technology and the rise of technology in improving smartphone performance will lead to ubiquitous integration of Augmented Reality (AR) and Virtual Reality (VR).
Apple's inclusion of LiDAR sensors in its products has been a significant step in LiDAR market growth. LiDAR is a pulsed laser that operates at nanosecond speeds and produces 3D models more accurately than a simple camera. The fact that Apple had finally integrated its own ToF sensor was a surprise to many when the company unveiled the fourth-generation iPad Pro in 2020.
Apple has been giving augmented reality a higher priority, starting with the 2020 iPad Pro. Apple's LiDAR Scanner is more improved as compared to 3D ToF sensors because it maps the area point by point, reducing the amount of noise received and producing a 3D point cloud that is more accurate.
๐๐ฒ๐ ๐ง๐ฎ๐ธ๐ฒ๐ฎ๐๐ฎ๐๐ ๐ณ๐ฟ๐ผ๐บ ๐ ๐ฎ๐ฟ๐ธ๐ฒ๐ ๐ฆ๐๐๐ฑ๐
โข The global smartphone LiDAR market is projected to expand at an impressive CAGR of 17.8% to be valued at US$ 6.05 billion by 2030.
โข The global market stood at a valuation of US$ 642.6 million in 2021.
โข The market is estimated to grow 3.7X over the assessment period.
๐๐ฒ๐ ๐๐๐๐๐ผ๐บ๐ถ๐๐ฎ๐๐ถ๐ผ๐ป ๐ผ๐ป ๐๐ต๐ถ๐ ๐ฅ๐ฒ๐ฝ๐ผ๐ฟ๐ ๐ณ๐ผ๐ฟ ๐ฆ๐ฝ๐ฒ๐ฐ๐ถ๐ณ๐ถ๐ฐ ๐ฅ๐ฒ๐๐ฒ๐ฎ๐ฟ๐ฐ๐ต ๐ฆ๐ผ๐น๐๐๐ถ๐ผ๐ป๐ -
https://www.factmr.com/connectus/sample?flag=RC&rep_id=7908?PS
๐ ๐ฎ๐ฟ๐ธ๐ฒ๐ ๐๐ฒ๐๐ฒ๐น๐ผ๐ฝ๐บ๐ฒ๐ป๐
The business atmosphere in smartphone LiDAR continues to reflect rollup within the industry, despite difficult economic conditions. To gain a larger customer base in the market, prominent manufacturers are employing different strategies and focusing on cost-cutting methods.
โข For instance, Apple acquired numerous relevant technology firms, including those that specialize in motion capture, facial recognition, audio recognition, computer vision, and eye movement tracking. This will help Apple to generate more revenue from smartphone LiDAR.
โข Similar investments are being made by big smartphone manufacturer such as Samsung and BBK Electronics to gain some market share.
๐๐ผ๐บ๐ฝ๐ฒ๐๐ถ๐๐ถ๐๐ฒ ๐๐ฎ๐ป๐ฑ๐๐ฐ๐ฎ๐ฝ๐ฒ
iPhone procures LiDAR sensors for its models from prominent market players such as Sony and LGIT.
โข E-Con system, a leading camera company, launched a combination of Time-of-Flight (ToF) cameras with ToF depth sensors for object identification and depth measurement.
โข For next-generation devices to perceive and comprehend the world in three dimensions, depth sensing is a crucial feature. With Samsung's ISOCELL's pixel technology and high resolution, the sensor can precisely distinguish objects from the background.
More Valuable Insights on Offer
Fact.MR, in its new offering, presents an unbiased analysis of the global smartphone LiDAR market, presenting current and forecast statistics for the period of 2022-2032.
The study reveals essential insights across major regions of the world (North America, Latin America, Europe, East Asia, South Asia & Oceania, and the Middle East & Africa).
๐๐๐น๐น ๐๐ฐ๐ฐ๐ฒ๐๐ ๐ผ๐ณ ๐๐ต๐ถ๐ ๐ฅ๐ฒ๐ฝ๐ผ๐ฟ๐ ๐๐ ๐๐๐ฎ๐ถ๐น๐ฎ๐ฏ๐น๐ฒ ๐๐:https://www.factmr.com/checkout/7908?PS
๐ง๐ฎ๐ฏ๐น๐ฒ ๐ผ๐ณ ๐๐ผ๐ป๐๐ฒ๐ป๐:
1. Present State of the Industry and Analyst Verdict
1.1. LiDAR and Edge computing: Where do smartphones go next?
1.2. LiDAR on a Phone - a New Way to Capture 3D Data
1.3. How LiDAR is Changing the Smartphone Industry Landscape
1.4. The Megapixel and Optical Zoom Wars in Smartphone Makers
2. Building Blocks for Research
2.1. Research Methodology
2.2. Current Uses of LiDAR in The Geospatial Industry
2.3. LiDAR, the new laser eye for mobile phones
2.4. How LiDAR Improving The Interaction of The Devices with the Environment
2.5. Smartphone Assisted Fieldwork: Towards the Digital Transition of Geoscience Fieldwork Using LiDAR-Equipped Smartphones
3. Market Snapshot
3.1. Industry Development Tracking: Evolution over the years
3.2. Technology Roadmap: 3D Sensing Disrupt the Smartphone Industry Market
3.3. Market Standing and Available Opportunities
3.4. Scenario Based Market Projection
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About Fact.MR
We are a trusted research partner of 80% of fortune 1000 companies across the globe. We are consistently growing in the field of market research with more than 1000 reports published every year. The dedicated team of 400-plus analysts and consultants is committed to achieving the utmost level of our client's satisfaction.
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