The global smartphone 3D market is expected to generate about USD 2,028.8 million by 2022 at a CAGR of above 48.2%from 2015 to 2022. The industry is expected to grow at the significant rate owing to the rising demand from entertainment and media industries over the next seven years. The entertainment and media industry has been witnessing high demand for 3D content. In addition, increasing application scope of 3D imaging in security surveillance, mobile robots and home automation is expected to boost product need over the forecast period.
Rising 3D scanning technologies has enabled players to launch products that provide high-quality images and videos. Increasing demand for the 3D smartphones is expected to boost the application of 3D technology over the forecast period. 3D application in the various smartphones is expected to drive product need over the next seven years.
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Based on the 3D camera devices, smartphones have dominating the industry and is expected to witness rapid growth as 80% of the smartphone production has been upgraded with 3D lens with simple technology and stereo visioning. This in turn is expected to have a positive impact on the sector over the forecast period. Smartphone manufacturers have identified 3D technology as the important prospect which would enhance the product sales, thus opening new market avenues for the product over the forecast period.
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Rising R&D focus on the smart phone integrated with 3D sensors can sense various movements and enables it to capture specific dimensions of objects and environments. Due to superior properties such as real sensing of the object, HD clarity and high performance the product is expected to gain popularity among the young generation. This is expected to augment demand over the forecast period. However, high product prices coupled with compatibility issues are expected to challenge growth.
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Stereo visioning technology is largely being employed in movie recording, and gaming. These stereo vision based 3D cameras are easy to design, have adjustable range and are available at low prices. These advantages are expected to propel the industry over the forecast period. In 2013, the wide adoption of stereo vision 3D based technology has contributed about to above 60% of its market size. Application of 3D cameras in tablets is expected to augment demand over the forecast period.
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