Rise in Demand For 3D-Enabled Devices in Consumer Electronics coupled with Integration of Optical & Electronic Components in Miniaturized Electronics Devices is set to Drive Global 3d Sensor Market over the Forecast Period: Ken Research

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3D sensors are sensors which measure depth (distance or range) to an object based on illuminating the object with a laser (light source). 3D sensor boosts camera capabilities for facial & object recognition by creating 3D maps of the users surrounding. The sensor is a combination of different sensing elements for instance ultrasound, TOF, and structured light technologies. It is particularly used in gaming, augmented reality, autonomous driving and an extensive range of applications. It is also used by engineers, artists, and architects for designing a 3D model based out of 2D data. Additionally, in robotics, the sensors help in collision avoidance & solving assembling problems. The key features are included greater reliability, cost effectiveness, and high efficiency.

According to study, “Global 3D sensor Market, by Technology (Light Sensor, Stereo-Vision, Time of Flight Sensors & Ultra Sound), by Sensor Type (Acoustic, Accelerometer, Image & Others), By Applications (Industrial, Automotive, Logistic, Aerospace & Defense, Consumer Electronics, Healthcare) – Forecast 2023” the key companies operating in the global 3D sensor market are Cognex Corporation, Microsoft Corporation, Sony Corp., Qualcomm Technologies Inc., Intel Corporation, ASUSTek Computer Inc, ST Microelectronic NV, Finisar Corp., PMD Technologies AG, Infineon Technologies AG, Ams AG, Texas Instruments Inc., Microchip Technology Inc., Xovis AG, Occipital, Inc., LMI Technologies, Omnivision Technologies, SoftKinetic SA, PrimeSense, IFM Electronic, Sick AG, XYZ Interactive Technologies, Panasonic Corp.

Based on sensor type, global 3D sensor market is segmented into image sensor, position sensor, CMOS 3D image sensor (3D time of flight image sensor & 3D electro-optical image sensors), accelerometer sensor, acoustic sensor and others. Based on technology, market is segmented into stereo vision, time of flight, structured light /projected light and ultrasound. In addition, based on end-user, market is segmented into industrial, logistics, automotive, aerospace & defense, healthcare & medical devices, media & entertainment, consumer electronics and others. Entertainment segment is expected to dominate the market due to rise in demand of 3D sensor enabled smart phones & cameras and wearable electronics.

The 3D sensor market is driven by rise in demand for 3D-enabled devices in consumer electronics, followed by integration of optical & electronic components in miniaturized electronics devices, constant research & development (R&D) activity, increase in consumer acceptance of wearable electronic devices, rise in need of advanced security & surveillance camera and increase in use of 3D sensing technology in gaming applications. However, heavy maintenance cost, lack of product differentiation, and limited manufacturing excellence may impact the market. Moreover, advancement in fully immersive technology is a key opportunity for market.

Based on geography, the North-American region holds major share in 3D sensor market owing to presence of various technical experts and numerous 3D sensor manufacturers in the region. Asian-Pacific and European regions are expected to witness substantial growth due to rapid developments in artificial intelligence and adoption of 3D sensors across gaming, medical, and consumer electronics over the forecast period. The global 3D sensor market is estimated to reach the valuation of US $5.49 billion by the year 2023, growing at 27.69% CAGR during the forecast period.

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Global 3D sensor Market

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