[Click eStock] "Namuga, Expected to Benefit from 3D Camera Market Expansion"

Yuanta Securities analyzed on the 15th that Namuga is expected to benefit from the expansion of the 3D camera market. No investment opinion or target price was provided.

Namuga is a company that has secured technologies related to the three methods of 3D depth sensing: ToF (Time of Flight), Structured Light, and Stereoscopic. In 2011, it developed a ToF-based 3D sensing camera module and supplies it to various companies.

Kwon Myung-jun, a researcher at Yuanta Securities, said, "After the launch of Apple's Vision Pro, many companies have plans to release XR/MR devices, and the possibility of adopting ToF 3D cameras within smartphones is increasing." He added, "Namuga has experience supplying ToF 3D camera modules for Samsung Electronics' flagship smartphones since 2019."

He continued, "It is judged that the company has recognition for product quality and experience in mass production," emphasizing, "Benefits are expected with the expansion of the 3D camera market."

He also expected performance improvement this year. He explained, "Sales recovery of the camera module division is anticipated this year," and "Adoption within flagship models in both the first and second half of the year is expected to expand," adding, "The adoption models within entry-level smartphones are also expected to increase."