Published on : May 06, 2016
ALBANY, New York, May 06, 2016: A new report, titled ‘Global Dual Lens Smartphone Market: Trends & Opportunities (2016-2020),’ featured on ResearchMoz.us states that the global dual lens smartphone market is set for rapid growth during the period between 2016 and 2020. Much of this growth will come from the fact that many large smartphone manufacturers are all set to launch dual lens phones to differentiate their offerings from the competitors. This trend will be especially pronounced in China. Further, the increasing use of a combination of lenses, actuator, and infrared light lenses is expected to benefit the global dual lens smartphone market.
Smartphones need something new to stand out and excite buyers. Bigger and high-resolution screens or faster processors for smartphones are now not the biggest trends. Dual lens smartphones are the new game changers in the global smartphone market. After the launch of Huawei and Samsung dual lens smartphones, the global duel lens smartphone market is expected to soar upward.
Leading players in the global dual lens smartphone market were focused on launching new smartphones with dual lens cameras by 2015. Thus, in 2015, the global dual lens smartphone market registered considerable growth. Going forward, with many leading players set to launch their smartphones with a dual lens, the global market for dual lens smartphones is set for a remarkable performance.
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Some of the prominent players operating in the global dual lens smartphone market are Apple, LG Electronics Inc., HTC Corporation, Huawei Investment & Holding Co. Ltd., Samsung, and others. Based on region, in 2015, the global dual lens smartphone market was dominated by China. Owing to technological advancements and the entry of new companies manufacturing smartphones, China is expected to maintain its dominance throughout the forecast period. China’s Huawei Technologies is set to hold a massive share in the global dual lens smartphone market due to the launch of its latest flagship smartphone. Tie-ups of leading smartphone manufacturers in China with the new entrants are expected to create new growth opportunities in the global dual lens smartphone market in the next few years.
The global dual lens smartphone market is expected to expand swiftly in the near future due to factors such as the expansion of production capacity of leading smartphone manufacturers, the rise in disposable income, and the expansion of fusion technology. However, the global dual lens smartphone market is expected to be hampered by factors such as technological hurdles, migration to finer procedures for image sensors, the high cost of smartphones, and sourcing issues of image sensors.
It is not for the first time that leading players in the global smartphone market have tried to introduce something innovative. Dual lens smartphones are the trend of the hour and this feature will influence the purchase decisions of buyers.
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