PUBLISHER: Global Market Insights Inc. | PRODUCT CODE: 1392194
PUBLISHER: Global Market Insights Inc. | PRODUCT CODE: 1392194
Smartphone 3D camera market size is projected to expand at over 23.6% CAGR from 2023 to 2032, driven by the growing consumer demand for enhanced photography experiences and augmented reality (AR) applications. The adoption of 3D cameras in smartphones is driven by their ability to capture depth information by enabling features, such as portrait mode, 3D scanning, and facial recognition. The rising interest in immersive content and gaming will also elevate the demand for smartphone 3D cameras.
The increasing advancements in 3D imaging technologies, including time-of-flight (ToF) sensors and structured light systems is further contributing to improved accuracy and performance in the cameras. For instance, in April 2022, Stanford University researchers created an affordable and uncomplicated 3D camera for smartphones, potentially transforming facial authentication methods on mobile devices. Additionally, the high competition among smartphone manufacturers to differentiate their products and the expanding ecosystem of 3D content and applications will fuel the industry growth in the coming years.
The smartphone 3D camera industry is categorized into resolution, technology, and region.
Based on technology, the industry share from the stereo vision segment is estimated to increase at appreciable CAGR through 2032. The growth can be attributed to the increasing demand for accurate depth perception in photography and augmented reality applications. Stereo vision technology is also increasingly preferred as it helps to enhance the precision of 3D imaging, contributing to improved features like depth sensing and object recognition.
The above 16 MP resolution segment is projected to accumulate significant share of the smartphone 3D camera market by 2032, attributed to the rising consumer demand for high-quality imaging. The access to high resolution helps to enhance the clarity and detail of 3D images. This is driving the adoption of above 16 MP resolution cameras in applications, such as photography and augmented reality.
Regionally, the Europe smartphone 3D camera industry size is slated to thrive at over 22% CAGR through 2032, due to the increasing consumer demand for advanced imaging features and augmented reality experiences. Furthermore, the rise in technological advancements, competitive differentiation among smartphone manufacturers, and the growing affinity for immersive content will fuel the demand for 3D camera-equipped smartphones in the region.