"Overview of 3D sensor market"
Global 3D Sensor Market was Valued at US$ 1.95 Bn in 2018 and it is Expected to Reach More than US$ XX Bn By 2027, Likely to Grow at a CAGR Of 22.4% During the Forecast Period.
The three-dimensional sensors are depth-sensing devices that aim at connecting the devices with the real world by using projected light and a camera system. 3D sensors have a wide application in modern life ranges from cameras to drones and robots.
The Technology Innovation Through Extensive R&D Such as Gesture Recognition, Indoor Navigation, and 3D Motion Detection is Expected to Fuel Market Growth
The integration of optical & electronic components with the 3D sensors in miniaturized electronics devices through constant research & development (R&D) activity has increased their acceptance into wearable electronic devices and consumer electronics. In addition the rise in need of advanced security & surveillance camera and an increase in the use of 3D sensing technology in gaming applications.
With the increasing demand for gesture analysis applications, the 3D sensor plays an important role in enhancing the performance and efficiency of a large complex system in sectors such as automotive and electronics.
The Rising Demand for Smartphones and Consumer Electronics Driving the 3D Sensor Market
As a replacement of fingerprint or PIN by 3D face recognition to unlock the mobile is one of the most important features in mobile communications which Makes authentication more convenient and more secure, further it can be used for mobile payment applications and mobile ID. The automotive, aerospace & defense and Healthcare are the leading verticals in terms of adopting 3D imaging which provides a number of advantages for inspection applications. which are expected to drive the 3D sensor market during the forecast period.
Image Sensor Segment is Expected to Dominate the 3D Sensor Market
The image sensor is having the largest market share which was valued at US$ 1090.7 Mn in 2018. it is likely to grow at a moderate CAGR. The wide applications in biomedical image analysis, autonomous navigation, car safety, robot guidance, surveillance, remote sensing, microscopy, astronomy, oceanography, virtual reality,human-computer interface, and industrial inspection have attributed to dominated the image sensors segment. Image sensors can be categorized into CMOS, ToF sensors and electro-optical.
By Applications, the Consumer Electronics Segment is Expected to Witness the Highest Growth in the 3D Sensor Market Across the Globe.
The consumer electronics application segment is expected to grow at the highest rate during the forecast period. The high adoption rate of 3D sensors in consumer electronics such as 3D sensor-enabled smartphones, wearable electronics, and cameras along with the presence of additional features such as motion detection and virtual reality in the gaming sector has boosted the growth of 3D sensor market.
North America to Dominate the 3D Sensor Market During the Forecast Period
North America is expected to hold a significant market value share in the global 3D sensor market. An increase in demand for surveillance solutions, the popularity of connected devices, and IoT applications is expected to drive 3D sensor market growth in the North America region. The market is anticipated to register a CAGR of XX % over the forecast period.
In addition, gradually increasing demand for consumer electronics in the region which demand enhanced image quality, such as laptops, and Ultra HD or 4K television sets. This is further expected to drive the 3D sensors market in the region. In addition, fast adoption of new technology, such as the self- driving cars in the region is further expected to drive the demand for 3D sensors in the automotive segment
Asia Pacific region is having the highest market share of US$ 312.5 Mn in the year 2018 it is expected as the fastest growing market among all-regions. China and Japan together contribute more than 50% share in this region. China is expected to be the fastest-growing country during the forecast period. Implementation of 3D sensors in home appliances and wearable devices will drive the market growth in China. Also, Advancement in artificial intelligence technology is driving the market in Japan.
The companies involved in the development of 3D sensors include ASUSTeK Computer Inc., Infineon Technologies AG, Intel Corporation, Microsoft Corporation, Cognex Corporation, IFM Electronic GmbH, LMI Technologies, Inc., Microchip Technology Inc., Occipital Inc., PMD Technologies AG, Qualcomm Technologies Inc., and SoftKinetic.
3D sensor Market Key segments:
3D sensor Market, By Technology
- Time of Flight
- Stereo Vision
- Structured Light
3D sensor Market, By Type
- Image Sensor
- Position Sensor
- Acoustic Sensor
- CMOS 3D Image Sensor
- 3D Electro-Optical Image Sensors
- 3D Time of Flight Image Sensor
- Accelerometer Sensor
3D sensor Market,By Applications
- Industrial Robotics
- Consumer Electronics
- Surveillance & Security
3D sensor Market,By Region
- North America
- Latin America
- Asia Pacific
- Middle east and Africa