The Global 3D Sensors Market is estimated to grow in a significant way during the forecast period. It is considered that the target market going to get valued around USD 10.0 billion by 2025 from USD 2.9 billion in 2020, recording a CAGR of 27.9%.
3D Sensors are the technological sensors that can measure depth, distance, or range to an object by depending on illuminating the object with laser or any other kinds of light sources, by calculating the backscattered light.
These 3D sensors are getting adopted in consumer electronics, industrial manufacturing extensively, for the precision manufacturing and in the medical device manufacturing industry. Growing utilization of the 3D sensing technology in virtual reality, & gaming, need for high precision security & surveillance, and rising demand for 3D enabled devices in consumer electronics like smartphones and tablets propels the business growth. These sensors are also used by engineers, artists, and architects in the designing processes of the 3D model. Further, 3D sensors are employed for automotive control functions & logistics. And, the major players for the target market are increasing their investments in research & development of 3D sensing. This is creating lucrative opportunities for market expansion.
STMicroelectronics recently announced that it had signed a deal to acquire the majority stake of French Gallium Nitride innovator Exagan.
Intel Corporation has acquired the Fujitsu Semiconductor Wireless Products Inc. (FSWP), which is a subsidiary of Fujitsu, that is Tempe, Ariz.-based, developing an advanced multimode LTE RF transceiver.
The 3D sensors are gaining significant popularity because of their ability to recognize the size, shape, and range of an object or objects within its visual field. These sensors work on a variety of techniques for identifying the objects in space. Day by day expansion of these sensors in the applications, such as object recognition, 3D printing, design, mapping, gesture-based control, facial recognition, and other industrial or commercial uses are bolstering the growth of the target market. In addition, these 3D image sensors help in the avoidance of collision and solving assembling problems in robotics. Also, these 3D sensors are utilized in virtual and augmented reality for teleconferencing, while enabling marketing teams to exhibit their property for sale to potential clients remotely.
The rising demand for 3D sensing technology, majorly in consumer electronics is a crucial driver for the growth of the global 3D Sensors market. Also, these 3D sensors are used in driver assistance systems for detecting the potential risks or any obstacle. In contrast, the driver is unable to see the entire road clearly, which also helps in identifying blind spots in the region that is unable to get detected by the naked eye. These factors are envisioned to fuel the demand for 3D sensors market, globally. And the growing usage of 3D sensors for security and surveillance purposes is another factor that is supporting the growth of the global 3D Sensors market during the outlook period.
Challenges in the 3D Sensors Market
However, the high maintenance cost of these sensors and the high-power requirement for processing the obtained data by 3D sensors are some of the factors that are hindering of the target market.
Regardless, rising utilization of these 3D sensors for virtual reality applications, gaming, and for navigation purposes is expected to create substantial revenue opportunities for the growth of key players in the global 3D sensors market.
3D Sensors Market – By Type
3D Sensors Market – By Application
3D Sensors Market – By End-user
3D Sensors Market – By Connectivity
In the regional analysis of the Global 3D Sensors Market, the North America region has held for the significant share in overall revenue. Also, the target market in this region is foreseen to maintain its position during the forecast period. The growth of the 3D sensors market in North America is attributed to the rising investments in R&D for expanding the area of application of 3D sensors. Moreover, the presence of major players of the target market is another factor that is fuelling the growth of the market in North America.
Also, the 3D sensors market in the Asia-Pacific region is estimated to grow at a higher CAGR over the forecast period owing to the growth in the application of these sensors in gaming, automobiles, medical device manufacturing, and consumer electronics.
Key players of the Global 3D Sensors Market include Infineon Technologies (Germany), Microchip Technology (US), OmniVision Technologies (US), PMD Technologies (Germany), Sony (Japan), Keyence (Japan), Cognex Corporation (US), IFM Electronic (Germany), Intel Corporation (US), LMI Technologies (Canada), Samsung (South Korea), Occipital (US), Qualcomm (US), Sick (Germany), ASUSTeK Computer (Taiwan), Finisar Corporation (US), Microsoft (US), Panasonic (Japan), Leuze Electronic (Germany), and Melexis (Belgium).
3D Sensors Market
Global, Regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
The segment-level analysis in terms of product type, by application, along with market size forecasts and estimations to detect key areas of industry growth in detail
Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographics, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
Study the microenvironment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analyzing the level of competition and business strategy development
A comprehensive list of key market players along with with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis, and main conclusions
Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
Global 3D Sensors Market By Region, From 2020-2025 ( USD Billion )
Global 3D Sensors Market By Type, From 2020-2025 ( USD Billion )
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Global 3D Sensors Market By Technology, From 2020-2025 ( USD Billion )
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Global 3D Sensors Market By End-User, From 2020-2025 ( USD Billion )
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Global 3D Sensors Market By Connectivity, From 2020-2025 ( USD Billion )
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