World Smartphone 3D Market is expected to reach $2,028.8 million by 2020, Finds 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.

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.

Smartphone 3D camera is available in three resolutions, which include below 8MP, 8-16 MP and above 16MP. High resolution cameras cost more than low resolution cameras, owing to the high cost of the components. Among these three categories, about 60% of the market revenue is garnered by smartphone 3D camera with 8MP-16MP resolution in 2014. During the forecast period, 8-16 MP would attain market value of $1,223.4 million by 2020.

Asia-Pacific has emerged as a prime region for smartphone 3D camera, exhibiting an increased demand due to rapidly rising smartphone penetration, increasing purchasing power of consumers. In addition, presence of numerous companies in countries such as Japan, Taiwan & China offering 3D camera component is expected to boost revenue in this region.

Key findings:

• 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

The report summaries the competitive environment of the world smartphone 3D camera market and provides a comprehensive study of the key organic and inorganic strategies adopted by key market leaders. Prominent players operating in the smartphone 3D camera market have adopted product launch as their key growth strategy. Companies such as Sharp Technologies, Infineon Technologies and Pelican Imaging have introduced innovative and technologically advanced products to capture larger market share in smartphone 3D camera market. Prominent companies profiled in the report include Toshiba Group, Sharp Technologies, Infineon Technologies and Pelican Imaging among others.

For further information on this report, please visit- http://mrr.cm/oWq

Find all Digital Cameras Reports at: http://www.marketresearchreports.com/digital-cameras