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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Scope Of 3D Sensor Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
3D Sensor Market Overview
Market Drivers –
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.
Market Trends –
Product Innovations are a key trend in gaining popularity in the 3D sensors market. Major companies operating in the 3D sensors market are focused on developing innovative solutions such as ultrasonic sensors, artificial intelligence-based sensors, autonomous sensors, and others to strengthen their position in the market. For Instance, in November 2022, STMicroelectronics launched LSM6DSV16X, an advanced multi-axis IMU with embedded sensor fusion and artificial intelligence (AI). The device features a 6-axis inertial measurement unit (IMU) that combines ST’s Sensor Fusion Low Power (SFLP) technology with AI and adaptive-self-configuration (ASC) for greater power optimization. The LSM6DSV16X’s unique architecture enables complex processing at the edge, making it perfect for advanced 3D phone mapping, context awareness in laptops and tablets, dependable and precise gesture detection for XR headsets, and always-on activity monitoring.
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
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Regional Insights –
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
Key Companies –
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 .
Table of Contents
1. Executive Summary
2. 3D Sensor Market Report Structure
3. 3D Sensor Market Trends And Strategies
4. 3D Sensor Market – Macro Economic Scenario
5. 3D Sensor Market Size And Growth
…..
27. 3D Sensor Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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