The 3D Sensor by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2024-2033).
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In recent years, the 3D sensor market has experienced remarkable growth, surging from $3.43 billion in 2024 to an anticipated $4.34 billion in 2024, showcasing a substantial compound annual growth rate (CAGR) of 26.6%, as reported by The Business Research Company. This exceptional expansion in the historical period can be attributed to the burgeoning demand in consumer electronics, advancements in automotive safety features, medical imaging, industrial automation, security and surveillance, as well as the integration of 3D sensors in smart home applications.
Looking ahead, the 3D sensor market is poised for exponential growth, projecting an impressive increase to $10.6 billion in 2028, boasting a CAGR of 25.0%. Anticipated drivers for this growth in the forecast period include groundbreaking healthcare innovations, the upsurge in e-commerce, heightened focus on environmental monitoring, precision agriculture, advancements in autonomous vehicle development, and the implementation of smart cities initiatives. Key trends to watch for during this forecast period encompass industrial automation and robotics, advancements in lidar technology, the integration of gesture recognition in retail and public spaces, the proliferation of virtual and augmented reality experiences, and the expansion of environmental sensing and mapping.
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.
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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
Top 5 Major Players:
- Infineon Technologies AG
- Microchip Technology Inc
- OmniVision Technologies Inc
- PMD Technologies AG
- Sony Corporation
A pivotal trend contributing to the burgeoning popularity of the 3D sensors market is the emphasis on product innovations. Prominent companies in the 3D sensors market are actively engaged in developing cutting-edge solutions such as ultrasonic sensors, artificial intelligence-based sensors, and autonomous sensors. Notably, in November 2022, STMicroelectronics made a significant stride by launching the LSM6DSV16X, an advanced multi-axis Inertial Measurement Unit (IMU) with embedded sensor fusion and artificial intelligence (AI). This groundbreaking device, featuring a 6-axis IMU, leverages ST’s Sensor Fusion Low Power (SFLP) technology alongside AI and adaptive-self-configuration (ASC), leading to enhanced power optimization. The LSM6DSV16X’s distinctive architecture facilitates complex processing at the edge, making it ideal for advanced 3D phone mapping, context awareness in laptops and tablets, precise gesture detection for Extended Reality (XR) headsets, and always-on activity monitoring. Such innovations underscore the commitment of major market players to solidify their position and drive advancements in the dynamic landscape of 3D sensors.
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
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
List of Tables:
Table 1: Global Historic Market Growth, 2018-2023, $ Billion
Table 2: Global Forecast Market Growth, 2023-2028F, 2033F, $ Billion
Table 3: Global 3D Sensor Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Table 4: Global 3D Sensor Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Table 5: Global 3D Sensor Market, Segmentation By Connectivity, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
…
Table 75: Infineon Technologies AG Financial Performance
Table 76: Microchip Technology Inc. Financial Performance
Table 77: OmniVision Technologies Inc. Financial Performance
Table 78: PMD Technologies AG Financial Performance
Table 79: Sony Corporation Financial Performance
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