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 Sensors 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.
Competitive Outlook
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.
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Market Scope
The global 3D sensor market 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.
The huge potential in the gaming industry is projected to be highly
lucrative for the global 3D sensor market. The integration of these sensors in
the latest devices and the development of microelectromechanical systems (MEMS)
for gaming devices for driving the future of gaming can fuel the market
effectively. The use of high-resolution effects has induced the demand for
3D-enabled portable devices, 3D display TVs, and 3D desktop PCs.
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.
Regional Analysis
The geographic analysis of the global 3D
Sensor Market Report 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 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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