Panasonic 3D1 has a
12.0MP 1/2.3-inch (6.17 x 4.55 mm ) sized CMOS sensor . On the other hand, Canon ELPH 340 HS has a
16.0MP 1/2.3-inch (6.17 x 4.55 mm ) sized CMOS sensor and features DIGIC 4+ processor.
Below you can see the 3D1 and ELPH 340 HS sensor size comparison.
Sensor Size and Resolution Comparison image of Panasonic 3D1 and Canon ELPH 340 HS Cameras
Panasonic 3D1 and Canon ELPH 340 HS have the same sensor sizes so they will provide same level of control over the depth of field when used with same focal length and aperture. On the other hand, since Panasonic 3D1 has 32% larger pixel area compared to Canon ELPH 340 HS, it has potential to collect more light on pixel level hence have less noise in low light / High ISO images.
Sensor size sets the circle of confusion, so it drives how much depth of field each
of these bodies gives you at a given aperture. You can calculate it exactly for the
Panasonic 3D1
or the
Canon ELPH 340 HS ,
including hyperfocal distance.