The global smartphone 3D camera market size is estimated to expand at a considerable CAGR during the forecast period, 2021 – 2028. The growth of the market is attributed to rising demand for 3D technology in entertainment & media firms and incorporation of 3D lens with simple and stereoscopic visual features.
3D camera is a technology implemented in smartphones to take three-dimensional pictures and videos with excellent picture quality and graphics. 3D camera captures images in three dimension by allowing in-depth penetration.
Market Trends, Drivers, Restraints, and Opportunities
- Rising demand for 3D technology in entertainment & media firms as well as utilization of 3D cameras in security supervision, artificial intelligence, and home automation is anticipated to foster 3D product supply in the upcoming years.
- Smartphone cameras equipped with 3D scanning technology allow players to introduce new products with high-quality picture and graphics along with 3D applications, which is expected to propel the market during the forecast period.
- Incorporation of three-dimensional lenses with simple and stereoscopic visualization technology in smartphones is an important feature, which is estimated to increase sales and fuel the market over the forecast period.
- High prices of smartphone 3D cameras and compatibility issues are key challenges that are expected to hinder the market growth in the upcoming years.
- Increasing research and development on smartphones incorporated with three-dimensional applications provides various movements and allow devices to take images at specified dimension of object. Features such as actual sensation of objects and HD quality of image is estimated to generate opportunities for market augmentation in the upcoming years.
- Rising adoption of smartphone 3D cameras in social media, entertainment sector, and face recognition are market trends that are anticipated to create opportunities for market expansion during the forecast period.
Market Segment Insights
Stereoscopic camera segment is expected to represent a key market share
On the basis of technologies, the global smartphone 3D camera market is divided into time-of-flight and stereoscopic camera. The stereoscopic camera segment is expected to represent a key share of market during the forecast period, due to high picture quality, precisely captured image of an object, and authentic depth visualization.
8-16MP segment is expected to grow at a rapid pace
Based on resolutions, the global smartphone 3D camera market is classified into 8 MP, 8-16 MP, and above 16 MP. The 8-16MP segment is anticipated to grow at a rapid pace during the forecast period, owing to wide usage of smartphones equipped with 8-16 megapixel cameras.
8-16MP segment is expected to grow at a rapid pace
Based on resolutions, the global smartphone 3D camera market is classified into 8 MP, 8-16 MP, and above 16 MP. The 8-16MP segment is anticipated to grow at a rapid pace during the forecast period, owing to wide usage of smartphones equipped with 8-16 megapixel cameras.