3D Sensor Market Growth Outlook Through 2024-2033

Overview and Scope
Three-dimensional (3D) sensors are devices that electrically measure length, breadth, and depth and use this information to enhance the interfaces between humans, technologies, and the world. 3D sensing technology enables machines to view people and objects in a realistic, substantial manner by utilizing near-infrared light reflection, geometric concepts, photography, and advanced processing power.

Sizing and Forecast
The 3d sensor market size has grown exponentially in recent years. It will grow from $3.43 billion in 2023 to $4.34 billion in 2024 at a compound annual growth rate (CAGR) of 26.6%. The growth in the historic period can be attributed to consumer electronics demand, automotive safety features, medical imaging, industrial automation, security and surveillance, smart home applications..

The 3d sensor market size is expected to see exponential growth in the next few years. It will grow to $10.6 billion in 2028 at a compound annual growth rate (CAGR) of 25.0%. The growth in the forecast period can be attributed to healthcare innovations, rise in e-commerce, environmental monitoring, precision agriculture, autonomous vehicles development, smart cities initiatives.. Major trends in the forecast period include industrial automation and robotics, lidar technology advancements, gesture recognition in retail and public spaces, virtual and augmented reality experiences, environmental sensing and mapping..

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Segmentation & Regional Insights
The 3d sensor market covered in this report is segmented –

1) By Type: Image Sensors, Position Sensors, Acoustic Sensors, Accelerometers, Other Types
2) By Technology: Stereo Vision, Structured Light, Time Of Flight, Ultrasound, Other Technologies
3) By Connectivity: Wireless, Wired
4) By End-Use Industry: Consumer Electronics, Healthcare, Aerospace And Defence, Industrial Robotics, Entertainment, Automotive, Security And Surveillance, Other End-User Industries

North America was the largest region in the 3D sensor market in 2023. Asia-Pacific is expected to be the fastest-growing region in the 3D sensor market report during the forecast period. The regions covered in the 3d sensor market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

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Major Driver Impacting Market Growth
The increasing demand for smartphones is expected to propel the growth of the 3D sensor market going forward. A smartphone is a handheld phone with an embedded computer and other features not associated with telephones. It has an operating system, supports online surfing, and can run software programs. 3D sensors in smartphones are used for a variety of applications, including face recognition utilizing three-dimensional data, accurate augmented reality, photo enhancement for better background blur, and more accurate autofocus, and calibration, and hence increase in the use of smartphones is boosting the demand for 3D sensors. For instance, in January 2022, according to a report published by the Consumer Technology Association (CTA), a US-based trade association representing consumer technology companies, smartphone sales are expected to reach 154.1 million units in 2022 ($74.7 billion in shipment revenues), representing a 3% increase over 2021’s 149.6 million units. The rising availability of 5G is driving the upward trend, with 5G devices accounting for 73% of smartphone sales ($61.37 billion in revenue) in the future year. Therefore, the increasing demand for smartphones is driving the growth of the 3D sensor market.

Key Industry Players
Major companies operating in the 3d sensor market report are Infineon Technologies AG, Microchip Technology Inc., OmniVision Technologies Inc., PMD Technologies AG, Sony Corporation, Keyence Corporation, Cognex Corporation, IFM Electronic GmbH, Intel Corporation, LMI Technologies Inc., Samsung Electronics Co. Ltd., Occipital Inc., Qualcomm Inc., Sick AG, ASUSTeK Computer Inc., Finisar Corporation, Microsoft Corporation, Panasonic Holdings Corporation, Leuze Electronic Pvt. Ltd., Softkinetic Systems S.A., Texas Instruments Incorporated, STMicroelectronics NV, AMS AG, XYZ Interactive Technologies Inc., Teledyne DALSA Inc., Velodyne Lidar Inc., Quanergy Systems Inc., FARO Technologies Inc., KandaoVR Inc., Mantis Vision Ltd., Orbbec 3D Technology International Inc., Stereolabs Inc., Vayyar Imaging Ltd., Zivid AS, Photoneo s.r.o., Luminar Technologies Inc., RealWear Inc., Xsens B.V., Creaform Inc .

The 3d sensor market report table of contents includes:

1. Executive Summary

2. 3D Sensor Market Characteristics

3. 3D Sensor Market Trends And Strategies

4. 3D Sensor Market – Macro Economic Scenario

5. Global 3D Sensor Market Size and Growth

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31. Global 3D Sensor Market Competitive Benchmarking

32. Global 3D Sensor Market Competitive Dashboard

33. Key Mergers And Acquisitions In The 3D Sensor Market

34. 3D Sensor Market Future Outlook and Potential Analysis

35. Appendix