Valuation Of Smartphone Lidar Is Expected To Grow At US$ 6.05 Billion By 2030

According to Fact.MR's recently published report, the global smartphone LiDAR market is estimated at US$ 1.63 billion in 2022 and is forecasted to expand rapidly at a CAGR of 17.8% during the forecast years 2022-2030. The market is poised to grow due to remarkable penetration of advanced smartphones across the world.

Smartphones incorporating depth sensors have just been introduced into the consumer market. For iOS smartphones, these sensors were marketed as 'LiDAR scanners', and for Android devices, they were marketed as 'time-of-flight depth (ToF) cameras'. These sensors were first used to enhance photo quality (such as the bokeh effect, better camera focus, etc.) and to enable augmented reality applications; however, they proved to be appropriate for scientific uses as well.

𝗗𝗼𝘄𝗻𝗹𝗼𝗮𝗱 𝗮 𝗙𝗥𝗘𝗘 𝗦𝗮𝗺𝗽𝗹𝗲 𝗖𝗼𝗽𝘆 𝗼𝗳 𝗧𝗵𝗶𝘀 𝗥𝗲𝗽𝗼𝗿𝘁 -
https://www.factmr.com/connectus/sample?flag=S&rep_id=7908?PS

The technological transformation taking place in smartphones with the adoption of 5G mobile network technology and the rise of technology in improving smartphone performance will lead to ubiquitous integration of Augmented Reality (AR) and Virtual Reality (VR).

Apple's inclusion of LiDAR sensors in its products has been a significant step in LiDAR market growth. LiDAR is a pulsed laser that operates at nanosecond speeds and produces 3D models more accurately than a simple camera. The fact that Apple had finally integrated its own ToF sensor was a surprise to many when the company unveiled the fourth-generation iPad Pro in 2020.

Apple has been giving augmented reality a higher priority, starting with the 2020 iPad Pro. Apple's LiDAR Scanner is more improved as compared to 3D ToF sensors because it maps the area point by point, reducing the amount of noise received and producing a 3D point cloud that is more accurate.

𝗞𝗲𝘆 𝗧𝗮𝗸𝗲𝗮𝘄𝗮𝘆𝘀 𝗳𝗿𝗼𝗺 𝗠𝗮𝗿𝗸𝗲𝘁 𝗦𝘁𝘂𝗱𝘆

• The global smartphone LiDAR market is projected to expand at an impressive CAGR of 17.8% to be valued at US$ 6.05 billion by 2030.

• The global market stood at a valuation of US$ 642.6 million in 2021.
• The market is estimated to grow 3.7X over the assessment period.

𝗚𝗲𝘁 𝗖𝘂𝘀𝘁𝗼𝗺𝗶𝘇𝗮𝘁𝗶𝗼𝗻 𝗼𝗻 𝘁𝗵𝗶𝘀 𝗥𝗲𝗽𝗼𝗿𝘁 𝗳𝗼𝗿 𝗦𝗽𝗲𝗰𝗶𝗳𝗶𝗰 𝗥𝗲𝘀𝗲𝗮𝗿𝗰𝗵 𝗦𝗼𝗹𝘂𝘁𝗶𝗼𝗻𝘀 -
https://www.factmr.com/connectus/sample?flag=RC&rep_id=7908?PS

𝗠𝗮𝗿𝗸𝗲𝘁 𝗗𝗲𝘃𝗲𝗹𝗼𝗽𝗺𝗲𝗻𝘁

The business atmosphere in smartphone LiDAR continues to reflect rollup within the industry, despite difficult economic conditions. To gain a larger customer base in the market, prominent manufacturers are employing different strategies and focusing on cost-cutting methods.

• For instance, Apple acquired numerous relevant technology firms, including those that specialize in motion capture, facial recognition, audio recognition, computer vision, and eye movement tracking. This will help Apple to generate more revenue from smartphone LiDAR.

• Similar investments are being made by big smartphone manufacturer such as Samsung and BBK Electronics to gain some market share.

𝗖𝗼𝗺𝗽𝗲𝘁𝗶𝘁𝗶𝘃𝗲 𝗟𝗮𝗻𝗱𝘀𝗰𝗮𝗽𝗲

iPhone procures LiDAR sensors for its models from prominent market players such as Sony and LGIT.
• E-Con system, a leading camera company, launched a combination of Time-of-Flight (ToF) cameras with ToF depth sensors for object identification and depth measurement.
• For next-generation devices to perceive and comprehend the world in three dimensions, depth sensing is a crucial feature. With Samsung's ISOCELL's pixel technology and high resolution, the sensor can precisely distinguish objects from the background.

More Valuable Insights on Offer
Fact.MR, in its new offering, presents an unbiased analysis of the global smartphone LiDAR market, presenting current and forecast statistics for the period of 2022-2032.
The study reveals essential insights across major regions of the world (North America, Latin America, Europe, East Asia, South Asia & Oceania, and the Middle East & Africa).

𝗙𝘂𝗹𝗹 𝗔𝗰𝗰𝗲𝘀𝘀 𝗼𝗳 𝘁𝗵𝗶𝘀 𝗥𝗲𝗽𝗼𝗿𝘁 𝗜𝘀 𝗔𝘃𝗮𝗶𝗹𝗮𝗯𝗹𝗲 𝗔𝘁:https://www.factmr.com/checkout/7908?PS

𝗧𝗮𝗯𝗹𝗲 𝗼𝗳 𝗖𝗼𝗻𝘁𝗲𝗻𝘁:

1. Present State of the Industry and Analyst Verdict
1.1. LiDAR and Edge computing: Where do smartphones go next?
1.2. LiDAR on a Phone - a New Way to Capture 3D Data
1.3. How LiDAR is Changing the Smartphone Industry Landscape
1.4. The Megapixel and Optical Zoom Wars in Smartphone Makers
2. Building Blocks for Research
2.1. Research Methodology
2.2. Current Uses of LiDAR in The Geospatial Industry
2.3. LiDAR, the new laser eye for mobile phones
2.4. How LiDAR Improving The Interaction of The Devices with the Environment
2.5. Smartphone Assisted Fieldwork: Towards the Digital Transition of Geoscience Fieldwork Using LiDAR-Equipped Smartphones
3. Market Snapshot
3.1. Industry Development Tracking: Evolution over the years
3.2. Technology Roadmap: 3D Sensing Disrupt the Smartphone Industry Market
3.3. Market Standing and Available Opportunities
3.4. Scenario Based Market Projection

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This release was published on openPR.