The Global Mobile 3D Market is experiencing growth due to factors such as increasing demand for 3D content and advancements in 3D technology. However, the limited processing power of mobile devices hampers market growth to some extent. Moreover, the increase in availability and affordability of mobile devices is expected to provide lucrative opportunities for market growth during the forecast period. However, each of these factors is expected to have a definite impact on the growth of the global mobile 3D market during the forecast period.
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The mobile 3D market is segmented on the basis of type, application, and region. On the basis of type, it is segregated into smartphones, notebooks, tablets and others. On the basis of application, it is classified into animation, mobile gaming, advertisement, map & navigation, and others. On the basis of region, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
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On the basis of type, smartphone segment dominated the intellectual property management market in 2022 and is expected to maintain its dominance in the upcoming years owing to rise in demand for technologies utilizing virtual reality (VR) and augmented reality (AR) propels the market growth significantly.
By application, the mobile gaming segment contributed to the highest share in 2022, accounting for around two-fifths of the global mobile 3D market revenue, and is expected to maintain its dominance during the forecast period. Due to the developments in mobile technology that have made it feasible to create more intricate and detailed 3D graphics on mobile devices, mobile 3D gaming has grown in popularity over the past few years. However, the map and navigation segment would display the fastest CAGR of 24.4% throughout the forecast period, because it offers considerable prospects and is growing rapidly.
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By region, North America dominated the market share in 2022 for the Mobile 3D market. The rise in investment in advanced technologies, such as AR and VR, business analytics solution, and IoT, to improve businesses and the customer experience are anticipated to propel the growth of the mobile 3D market. However, Asia-Pacific is expected to exhibit the highest growth during the forecast period.
The key players profiled in the mobile 3D market analysis are Apple Inc., HTC Corporation, Hitachi, Ltd., Intel Corporation, LG Electronics, 3M Company, NVIDIA Corporation, Qualcomm Technologies, Inc., Samsung Electronics Co Ltd., and Sharp Corporation.
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COVID-19 Scenario-
- The COVID-19 pandemic caused disruptions in daily life and necessitated considerable adjustments in the goals, strategies, and objectives of various people, organizations and governments. These modifications turned out to be catalysts for technological advancement.
- Several technologically advanced innovations, such as cloud computing, AI, big data, and 5G networks, had a profound impact on the mobile industry during the COVID-19 pandemic.
- There is a rise in demand for virtual experiences that give a sense of immersion and presence as the pandemic restricts travel and in-person gathering.
- The coronavirus outbreak accelerated the emergence of mobile 3D, catapulting companies from various industries to a higher degree of innovative technology and workflow, including for virtual conferences, exhibitions, and events. This has led people to explore and engage in a 3D world.
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