The report, developed by a group of professional market research analysts, aspires to serve as a reliable tool for its targeted audiences such as original equipment manufacturers (OEMs), camera technology companies, and smartphone manufacturers. The report provides in-depth analysis of the market in terms of value, type, and volume, explores dynamics such as trends, drivers, opportunities, and restraints, and provides insights into the existing competitive landscape by profiling a number of leading companies.
As per the findings of the report, some of the key factors that will augment the demand for dual lens cameras in smartphones are: increasing shipments of smartphones, China’s growing CCM market, rise in adoption rate of dual cameras in smartphones, increasing disposable income among the end-users, and economic growth of various emerging economies. On the other hand, the demand for dual lens cameras in smartphones will face obstruction from high cost of products and entry barrier for new players. Nevertheless, the vendors operating in this market are expected to gain new opportunities from rising adoption rate of dual cameras in mid- to low- range smartphones, popularity of optical zoom in dual cameras, consolidation in the industry, and rapid technological advancements that are yielding high quality products along with miniaturization on camera module.
The report notes that major manufacturers of smartphones are opting for this particular feature of dual lens cameras as it fits right into the camera modules that links the phone and makes the camera operational. As both the lens in dual camera smartphones are different, photos taken standout in terms of sharpness, elaborated details, and enables ultra-wide angle mode. These cameras can be placed with vertically or horizontally and are generally located side by side. Innovations in designing and developed of new technology are prompting the manufacturers of smartphones to introduce improved handsets that can make use of these larger specifications. Dual camera feature is fast becoming standard in mid-range handsets as consumers are now aware of benefits of camera in hand and hence are willing to pay extra for it.
The report has triangulated the data via different analysis based on supply side, demand side, as well as dynamics of dual lens cameras in smartphone market. The report not only conducts forecasts in terms of value, but also evaluates the market on the basis of essential parameters, such as Year-on-Year (Y-o-Y) growth. This helps providers to recognize the future opportunities as well predictability of the market.
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One of the key feature of the report is its section on competitive landscape. Players such as Q Technology Group Co Ltd., AAC Technologies Holdings, Inc., Sunny Optical Technology Group Co Ltd., and LG Innotek Co. Ltd have been overviewed for their current stature, financial strength and weaknesses, geographical presence, and recent strategic decisions.
The report throws special emphasis on China’s dual lens camera market and hence, along with global dual lens cameras, it provides market by value, forecast by value, shipment volume and forecast, current adoption rate and forecast, and other regional analysis.