According to a new market research report published by Credence Research “Smartphone 3D Camera Market (Technology – Time-of-flight (TOF) and Stereoscopic Camera, Positioning – Front Camera and Rear Camera, Resolution – Below 8MP, 8-16MP and Above 16MP) – Growth, Future Prospects and Competitive Analysis, 2018 – 2026”, the global smartphone 3D camera market was valued at US$ 1.93 Bn in 2017 and will be growing at a CAGR of 45.6% during the forecast period from 2018 to 2026.
The smartphone 3D camera market was valued at US$ 1.93 Bn in 2017 and would be growing at a compounded annual growth rate (CAGR) of 45.6% during the forecast period from 2018 to 2026. Smartphones have become a quintessential part in everyone’s life nowadays. The functionality of smartphones have expanded well beyond just calling, internet and basic camera. Technological advancements have enabled cameras in smartphones to be highly capable in terms of picture quality. One such new capability in today’s smartphone cameras is the deployment of 3D cameras.
These cameras feature depth-sensing capabilities and can map one’s face in all kinds of lighting conditions. Moreover smartphones with 3D capabilities are able to “face unlock” faster and more securely as compared to solutions using conventional front-facing cameras, iris scanners, or both. Therefore, increasing demand for smartphones with enhanced camera capabilities expected to compliment the smartphone 3D camera market growth. These cameras also provide 3D modeling and 3D scanning of objects. High price for 3D camera module is however one of the restraining factor impacting the market growth negatively.
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Some of the major players operating in the smartphone 3D camera market include Sony Inc., Sharp Corporation, Infineon Technologies AG, Soft Kinetic Systems S.A., Leica AG, Panasonic, Mantis Vision, PMD Technologies, Samsung Electronics Limited and Pelican Imaging among others.