Market Overview
3D sensors have gained
prominence owing to its ability to measure depth and increase the intelligence
of the machine. Improvements in computer vision and artificial intelligence are
pivotal in pushing the development of these sensors. The global 3D
Sensor Market Report by Market Research Future (MRFR) takes a deeper
view into the industry by keeping an eye on growth enablers, challenges,
opportunities, and trends for the period of 2018 to 2023 (forecast period). The
COVID-19 outbreak and its impact on the industry are explored in the report as
well.
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Market
Scope
The
global 3D sensor market size is expected to grow from USD 1,123.5 million in
2017 to USD 4,807 million by 2023. It is expected to expand at a CAGR of 28%
during the forecast period. Huge demand for 3D enabled sensors in consumer
electronic devices such as tablets and smartphones, need for precision and
surveillance, rise of augmented and virtual reality (AR/VR), and use in imaging
applications are major drivers of the market. The use of 3D sensors in robotics
for preventing collisions and eliminating human errors can bode well for the
market. This is evident with the use of collaboration robots in warehouses
which stops their movement in the proximity of humans to prevent accidents.
Segmentation
The global 3D
sensors market is segmented by technology, type, and end-user.
By technology, it is
segmented into time-of-flight, projected light/structured light, stereo vision,
and ultrasound. The time-of-flight segment is expected to garner huge revenues
for the global 3D sensors market owing to applications in automotive,
manufacturing, and AR/VR.
By type, it is
segmented into image sensor, acoustic sensor, accelerometer, and others
By end-user, it is
segmented into healthcare and medical devices, industrial, automotive, consumer
electronics, logistics, and aerospace & defense.
Key Players:
Infineon Technologies AG, Occipital Inc.,
Qualcomm Technologies Inc., Microsoft Corporation, Intel Corporation,
STMicroelectronics, Xovis AG, Sony Corporation, Cognex Corporation, AsusTek
Computers Inc., Finisar Corporation, AMS AG, Texas Instruments, SICK AG, and
Microchip Technology Inc. are key players of the global 3D sensors market.
Regional Analysis
The geographic analysis of the global 3D
sensors market has been conducted for North America, Europe, Asia Pacific
(APAC), and Rest-of-the-World (RoW). APAC is expected to dominate the 3D sensor
market size during the forecast period due to rising applications of 3D sensors
in gaming, medical device manufacturing, automobiles, and consumer electronics.
The use of gesture control systems in latest cars can drive the market demand
exponentially. The focus on smart manufacturing and use of machine vision for
quality products can influence the market potential.
North America has assumed the second position
in the 3D sensor market. This can be attributed to the integration of 3D
sensors in the latest smartphones. The use of technology for developing
high-resolution images and preventing unauthorized access to phones can bode
well for the regional market.
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