Mobile 3d market is anticipated to reach $85 billion by 2026 at a CAGR of 40.6% during the forecast period 2021-2026. The use of smartphones and laptops has risen rapidly throughout the world. Broader use of internet services, faster speeds, emphasis on digitization, deployment of augmented reality and virtual reality technologies among the countries have all contributed to the growth. Technology advancements in CPUs, chips, memory capacity along with rapid prototyping have aided 3D invention. Improved display performance, computing power, size and price optimization, proximity marketing and auto-stereoscopic technology, which allows users to see 3D displays without glasses, are driving the mobile 3D market. Also driving the industry is the availability of high-quality 3D content. The development in electronic product including image sensors, SMS gateway and others is attributed to the market’s rise. Companies such as Intel Corp., Samsung, and others are investing heavily in the consumer electronics market because of the substantial use of miniaturization in goods. The rise of computationally intensive consumer devices has been fueled by the rising popularity of smartphones, as well as the quest for new memory technologies, bringing up numerous new opportunities in this area. Because silicon wafers are widely used in the manufacture of smartphones, the introduction of 5G technology is expected to boost sales of 5G devices, therefore boosting the market. Hence, these factors will drive Mobile 3d market size in the forecast period 2021-2026.
Mobile 3d Market Segment Analysis- By Mobile Devices
By component, Mobile 3d market is segmented into Smartphones, Notebooks, Tablets, Eyewear, Other. Smartphones is estimated to hold the highest market share among all the components during the forecast period 2021-2026. Smartphones have modernized and enhanced communication. The market growth is being driven by growing smartphone penetration as a result of increased Internet service usage. The rising demand for high-speed data connectivity for integrated IoT (Internet of Things) applications like energy management and smart home goods is expected to drive smartphone adoption which in turn propels the market growth for Mobile 3d. For instance, OPPO India announced in January 2021 that it plans to release more than six 5G-enabled handsets in India this year, as the 5G-ready and Internet of Things (IoT) product categories become increasingly significant for smartphone manufacturers in the country. Such developments further are analyzed to drive the market in the forecast period 2021-2026.
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Mobile 3d Market Segment Analysis- By Applications
This market is segmented into Animations, Maps and Navigation, Mobile Gaming, Mobile Advertisements, Other, on the basis of applications. Mobile gaming application is anticipated to witness a significant amount of growth during the forecast period 2021-2026. The gaming business is growing throughout the world, and smartphones are playing a big part in it. The gaming business has gained scalability as a result of the introduction of mobile games. The market is expanding as a result of increased investment in this industry. Tencent put $90 million into Pocket Gems and $126 million into Glu Mobile in 2019. Voodoo, a hyper-casual mobile gaming company, secured a $200 million investment from Goldman Sachs in May 2018 for online mobile game development. As a result of these expenditures, the gaming industry is able to produce innovative smartphone and other games, resulting in faster market development.
Mobile 3d Market Segment Analysis- By Geography
APAC is projected to have the fastest growth during 2021-2026, owing to increasing investment across smartphones as well as gaming sectors. The region has many giants in the smartphones market, like Vivo, Oppo, Lenovo, and Samsung. Moreover, rapid digitalization, economic development and growing penetration of advanced technologies also boost the market growth. Increased demand from emerging nations in the region, such as India and Indonesia, where smartphones are quickly reaching rural regions as local governments push for a digital and mobile economy, is projected to increase demand for smartphones at the entry-level price range. For instance, the Digital India initiative is a flagship program of the Government of India aiming largely at converting the country into a digitally enabled society. Furthermore, India has introduced the PLI Scheme, which offers a 6-4 percent incentive for five years on incremental sales of manufactured phones between 2019 and 2020. To qualify for the incentives, high-end international cell phone companies, or those making handsets costing more than USD 200, had to sell items worth INR 400 million in 2020-21. Such initiatives by the government is expected to boost the market in the forecast period 2021-2026.
Mobile 3d Market Drivers
High definition resolution (HD) in mobile 3D devices is expected to boost market growth:
The demand for higher quality display resolutions is gaining momentum due to the desire for unusual consumer experience with highly defined pixel quality. The market growth is owing to various factors, such as growing demand for a better gaming experience, enriched entertainment. In July 2021, Samsung India launched new smartphone Galaxy A22 5G. It offers 11 bands’ support for 5G experience and two year OS upgrades. It has 6.6” FHD+ display with 90Hz refresh rate, versatile 48MP triple camera, 5000mAh battery and host of other innovative features. Thus, the increasing adoption of High definition resolution (HD) in mobile 3D devices positively impacts the market growth.
The market is expected to increase as HD video and gaming content become more widely accepted:
Cloud gaming is a new market trend that allows players to stream high-end games to hand-held devices like laptops, tablets, and smartphones through a fast network connection, obviating the need for a separate gaming console or PC. The mobile VR gaming business is also being driven by 5G. For example, Archiact announced a collaboration with Migu (a subsidiary of China Mobile) in May 2020 for Archiact’s games to be the first VR games to be playable on Migu’s 5G cloud gaming platform, Migu Quick Gaming. Archiact further claims that by working with Migu, it will be able to work together to develop the future of 5G VR cloud gaming, making VR even more accessible. Such developments are augmenting the growing adoption of Mobile 3d technology globally and set to boost the market growth during 2021-2026.
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Mobile 3d Market Challenges
High cost of 3D content and devices act as hindrance to the market growth for Mobile 3d:
The cost of generating 3D models is usually determined by the model’s complexity and quality, the process utilized to generate the model, and the agency or artist with whom you are working. A basic 3D model will cost between $40 and $200 on average, while a more sophisticated model will cost between $200 and $1000, and a more complex model can cost several thousand dollars. Hence, the High cost of 3D content and devices hinder the market growth in the forecast period 2021-2026.
Mobile 3d Market Landscape
Technology launches, acquisitions, Partnerships and R&D activities are key strategies adopted by players in the Mobile 3d market. In 2020, the market of Mobile 3d industry outlook has been fragmented by several companies. Mobile 3d top 10 companies include:
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Relevant Report Titles:
A. 3D Mobile Mapping Market
B. Mobile Mapping Market
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