The Reports and Insights, a leading market research company, has recently releases report titled “Smartphone LiDAR Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2024-2032.” The study provides a detailed analysis of the industry, including the global Smartphone LiDAR Market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
Report Highlights:
How big is the Smartphone LiDAR Market?
The global smartphone LiDAR market size reached US$ 1.8 billion in 2023. Looking forward, Reports and Insights expects the market to reach US$ 6.6 billion in 2032, exhibiting a growth rate (CAGR) of 15.6% during 2024-2032
What are Smartphone LiDAR?
Smartphone LiDAR is the integration of Light Detection and Ranging technology into smartphones, allowing for depth-sensing functionalities that enhance photography, augmented reality (AR), and spatial mapping. This technology operates by emitting laser pulses and measuring their return time to create precise 3D maps of the environment. In smartphones, LiDAR improves camera autofocus, enables advanced AR capabilities such as object occlusion, and enhances low-light photography by providing depth data for more precise image rendering.
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What are the growth prospects and trends in the Smartphone LiDAR industry?
The smartphone LiDAR market growth is driven by various factors. The market for smartphone LiDAR is rapidly expanding, fueled by growing interest in augmented reality (AR), improved camera features, and the widespread adoption of 3D sensing technologies. Integrating LiDAR into smartphones allows for more precise depth sensing and spatial mapping, enhancing AR applications and photography. As LiDAR technology advances and becomes more prevalent in both high-end and mid-range smartphones, the market is poised for substantial growth in the foreseeable future. Hence all these factors contribute to smartphone LiDAR market growth.
What is included in market segmentation?
The report has segmented the market into the following categories:
By Operating System:
iOS
Android
Segmentation By Region:
North America:
United States
Canada
Europe:
Germany
The U.K.
France
Spain
Italy
Russia
Poland
BENELUX
NORDIC
Rest of Europe
Asia Pacific:
China
Japan
India
South Korea
ASEAN
Australia & New Zealand
Rest of Asia Pacific
Latin America:
Brazil
Mexico
Argentina
Middle East & Africa:
Saudi Arabia
South Africa
United Arab Emirates
Israel
Who are the key players operating in the industry?
The report covers the major market players including:
Sony Depthsensing Solutions
Lumentum
AMS AG (Austria Micro Systems)
STMicroelectronics
Velodyne Lidar
Infineon Technologies
ams OSRAM
Texas Instruments (TI)
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