3D cameras are emerging technologies in smartphones and are expected to enable a wide-range of applications in the near future. 3D cameras with the help of AI can sense movements, and capture better qualities pictures. Additionally, the depth provided by these cameras can also enhance important features like facial recognition and open new venues of opportunities. Various smartphone makers are integrating the 3D camera technology to make ways for new data integration and more commercial opportunities. The rising demand for enhanced camera qualities and the ability of this feature to drive smartphone sales are expected to drive significant opportunities for players in the smartphone 3D camera market.
Smartphone 3D camera Market Drives Growth of Applications
3D cameras are expected to provide major boost to various applications like document scanning, recreation of images, biometric security, and ultimately AI. The major investment in AI by large tech giants like Google, Facebook, and Apple are expected to drive significant growth for the smartphone 3D camera market. Moreover, the on-going-race from companies to capture real-time information on users for providing a better end-experience is also expected to drive growth in the smartphone 3D camera market. Smartphone 3D cameras will provide better depth perception which can track movements and help trends like smart cities. The investment in this technology can also drive trends like IoV wherein tracking movement and interconnectivity with other applications are essential for traffic management.
5G Promise Significant Opportunities for Growth
5G technology is already introduced across China. The technology installation is stalled in European countries due to on-going trade disputes. However, countries like Germany have shown positive response to installation of 5G technology in the near future. The growth of 5G is promising for players in the smartphone 3D camera market as the technology will lead to large investments in trends like Internet of Vehicles and other smart city initiatives.
Global Smartphone 3D Camera Market: Introduction
The global smartphone 3D camera market is witnessing a significant change in its market dynamics. The continuous updation in technology and the rising disposable income of consumers, enabling them to own expensive gadgets, are boosting the growth of this market, remarkably.
In this research report, the global smartphone 3D camera market has been thoroughly evaluated, using quantitative and qualitative assessment techniques. It has estimated the market’s performance over the period from 2019 to 2027 on the basis of the key trends and market dynamics. It also offers precise evaluations of the main segments and each of the regional markets for smartphone 3D camera across the world.
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Global Smartphone 3D Camera Market: Notable Developments
- Recently, Sony Electronics integrated 3D imaging capabilities into its handy cams.
- Samsung is expected to launch first 5G smartphone in a few months. The company has named it Galaxy S10 5G. It will be able to connect to the next-generation wireless network and will feature a quadruple camera setup, which includes a 3D depth camera.
SoftKinetic, Sharp Corp., Toshiba, PMD, Infineon Technologies, Microsoft, and Pelican are some of the leading smartphone 3D camera manufacturers across the world. These companies are primarily focusing on the upgradation of their current product portfolio by integrating them with latest technologies. These companies are also involved in mergers, acquisitions, and partnerships with regional participants in a bid to strengthen their market presence. Going forward, they are likely to expand their bases in developing economies in the years to come. Nikon, Cannon, and Panasonic are some of the other players in the smartphone 3D camera market across the world.
Global Smartphone 3D Camera Market Dynamics
The global smartphone 3D camera market is demonstrating a strong growth, thanks to the augmenting requirement of 3D camera in the entertainment and media industries. This industry has been experiencing a high demand for 3D content. Apart from this, the increasing application of 3D imaging in security surveillance, home automation, and mobile robots is also boosting the demand for smartphone 3D cameras across the world. Researchers expect this scenario to remain so over the next few years, reflecting positively on the worldwide smartphone 3D camera market. In the coming years, this surge in the demand for the 3D smartphones is likely to boost the application of 3D technology significantly.
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Asia Pacific to Surpass North America
The global smartphone 3D camera market reports its presence mainly across North America, Asia Pacific, Latin America, Europe, and the Middle East and Africa. Hitherto, North America has been leading the worldwide smartphone 3D camera market. The early uptake of technologies in this region is the main factor behind the supremacy of the North America smartphone 3D camera market. The availability of advanced infrastructure and the presence of leading players have also been supporting the growth of this regional market. However, Asia Pacific is anticipated to surpass North America in the near future and capture the leading position. The extensive application of the smartphones among consumers in Asian economies, such as India and China, is projected to boost the growth of the Asia Pacific smartphone 3D camera market over the next few years. Other regional markets are also predicted to witness a decent hike in their valuation in the years to come.
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