Allied Market Research's new report "World Smartphone 3D Camera-Market Opportunities and Forecast, 2014-2020" forecasts that the world smartphone 3D market would garner $2,028.8 million by 2020, registering a CAGR of 48.2% during the forecast period of 2015-2020.
There is 3D and 3D
Stereoscopic 3D camera technology is the most preferred and cost effective technology for smartphone 3D camera. Stereoscopic technology would drive the market significantly throughout the forecast period (2015-2020) and would maintain its dominant position in the market.
Whereas, the time of flight 3D camera technology segment, is expected to exhibit a faster growth, with a CAGR of 51.8% during the forecast period, owing to its accurate sensing of the object feature.
Key findings of the study
There is 3D and 3D
Stereoscopic 3D camera technology is the most preferred and cost effective technology for smartphone 3D camera. Stereoscopic technology would drive the market significantly throughout the forecast period (2015-2020) and would maintain its dominant position in the market.
Whereas, the time of flight 3D camera technology segment, is expected to exhibit a faster growth, with a CAGR of 51.8% during the forecast period, owing to its accurate sensing of the object feature.
Key findings of the study
- World smartphone 3D camera market is expected to grow rapidly owing to increased smartphone adoption, technological advancements and availability of unique features such as picture clarity and depth sensing
- Time of flight technology for smartphone 3D camera would grow at a CAGR of 51.8% during 2015-2020, owing to its accurate sensing feature
- Smartphone 3D camera with resolution of 8-16MP, would generate highest revenue throughout the forecast period, growing at a CAGR of 48.3%
- Asia-Pacific proves to be one of the most lucrative and fastest growing regions, in terms of growth. The market in the region is expected to grow at a CAGR of 48.6% during 2015 - 2020
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