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3D Sensor Market, by Type

RA00089

3D Sensor Market, by Type (Image Sensor, Accelerometer Sensor, Position Sensor, Others), Technology (Structured Light, Time of Flight, Stereoscopic Vision, Ultrasound, Others), Connectivity (Wireless, Wired), End Use (Consumer Electronics, Healthcare, Aerospace & Defense, Automotive, Others), Regional Analysis (North America, Europe, Asia-Pacific, LAMEA): Global Opportunity Analysis and Industry Forecast, 2019–2026

RA00089

Pages: 110

Feb 2020

COVID-19

pandemic has shown to have an enormous impact on most
industries.

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Impact of covid-19 on 3D Sensor Market

Global 3D Sensor Market Insights 2026:

According to the global 3D Sensor Market analysis by Research Dive, the global market accounted for $1,464.6 million in 2018; it is anticipated to generate a revenue of $11,276.8 million by 2026 and growing at a CAGR of 28.0%. Asia-Pacific region market will witness a significant growth during the forecast period and is anticipated to garner a revenue of $3,067.3 million by the end of 2026. North America region held a considerable global market share in 2018 and is anticipated to continue its growth in the estimated time. This dominance is majorly owing to wide use of 3D sensors in the automotive and consumer electronics sectors. 

The objective of the 3D sensor is connecting multiple devices with the actual world through a camera and a projected light system. These sensors are used for object and facial recognition in autonomous driving, augmented reality, gaming and other range of applications. 

Growing adoption of smart devices and demand from electronics are significant 3D Sensor Market drivers:

Growing demand for 3D sensors from consumer electronics and increase in the use of 3D sensors in the automotive industry are the significant 3D sensor market drivers. 3D sensor technology is considered as one of the active technologies which is appropriate for several applications including automotive, healthcare, consumer electronics, manufacturing and others. The recent progress in consumer electronics is connecting the use of 3D sensors to provide 4K and Ultra HD vision in the TV and PCs coupled with mapping, augmented reality and improved biometric sensing in the mobile phones. This factor will drive the 3D sensor market growth in the coming years. In addition, manufacturing sector is using this 3D sensor technology to find any liabilities in the size and shape of the manufactured products, which will also enhance the growth of the market. Furthermore, the automotive sector is implementing the 3D sensor technology to continuously monitor the vehicle behavior and in advanced systems to enable better quality safety and comfort to the driver. This factor is expected to boost the growth of the market in the coming years.

Cost of the sensors is a significant restraint for the growth of 3D Sensor Market:

The cost associated with the 3D sensor technology is restraining the growth of the market. In addition, the huge maintaining cost for the 3D sensors is projected to hinder the growth of the market.

Growing demand for enhanced vision and virtual reality in gaming will be significant investment opportunity for the growth of the 3D Sensor Market

Increasing the popularity for augmented reality and virtual reality in gaming is creating huge growth opportunities in the global 3D sensor market. Furthermore, increasing the demand for better vision effects has led to the use of 3D sensors in electronics such as PCs, cameras, 3D TV screens and others, which is also projected to boost the growth of the market in the near future.

3D Sensor Market Segmentation, by Type:

Image sensors type accounted for highest market size and is predicted to grow at a CAGR of 29.2% till the end of 2026
 3D Sensor Market Segmentation, by Type

Source: Research Dive

Accelerometer sensor is estimated to experience significant growth and is rising at a rate of 28.6% CAGR during the estimated period. This rise is attributed to the increase in the demand for accelerometer sensor from consumer electronics to protect the hard drivers from damages. The market for accelerometer sensor is estimated to account for $2,187.7 million by 2026. Image sensor generated the majority of the market share in 2018 and it is anticipated to continue its dominance, growing at a CAGR of 29.2% in the estimated time. This growth is attributed to increase in the adoption of smart cameras and mobile phones. These smart mobiles with 3D image sensors provide advanced biometric applications. Due to the adoption of 3D sensors for smart mobiles, the market for image sensors is estimated to generate a revenue of $4,475.5 million by 2026 and is growing from $541.9 million in the 2018.

3D Sensor Market, by End use:

Consumer Electronics segment generated highest amount of revenue and will grow at a CAGR of 28.2% during the projected period
3D Sensor Market, by End use	 

Source: Research Dive

Automotive sector will witness a significant growth during the forecast period and it generated the second highest market size in 2018. The growing use of 3D technology in the automotive sectors propels the growth of the market. In addition, the 3D sensors are being used in the automotive industry to design new vehicles with advanced systems such as advanced driving assistance systems (ADAS), autonomous vehicles (self-driving) and V2V (Vehicle to Vehicle) communication to improve driver safety and comfort. Due to growth in the use of 3D sensors in the automotive industry, the market for automotive sector is predicted to generate a revenue of $2,311.7 million by the end of 2026.

Consumer electronics held the majority of the 3D sensor market share, which was 24.0% in 2018 and it was valued over $351.5 million in 2018. This growth is majorly due to wide usage of 3D sensors in the mobile phones, PCs, cameras, remote controllers and others. Moreover, the wide usage of 3D sensors as position sensors, image sensors and accelerometers will further project the market growth. 

3D Sensor Market, by Region:

Asia Pacific 3D Sensor Market will have huge opportunities for the market investors to grow in the coming years:

Asia-Pacific region is projected to experience substantial growth during the forecast period and is anticipated to create huge investment opportunities, growing at a faster rate of 28.8% CAGR. This growth is majorly because of increase in the demand for 3D sensors from various end users such as automotive, electronics, healthcare and others. In addition, India and China are the fastest developing countries and have largest manufacturing base in the automotive, electronics and others sectors and apart from them being the major revenue contributors of 3D sensor market in the Asia-Pacific. Due to the growing demand from end use industries, the Asia-Pacific 3D sensor market is estimated to reach $3,067.3 million by the 2026. 

North America 3D Sensor Market Overview 2026:

North America region has dominated the global 3D sensor market size in 2018 and it is anticipated to continue its growth during the estimated time. This dominance is attributed to increase in the usage of 3D sensors in various end use industries including electronics, automotive and others. Furthermore, the consumers are preferring enhanced image excellence, face recognition sensors in the smartphones, which are expected to drive the growth of the market. The market for North America is estimated to account for $3,540.9 million by 2026 and is increasing from $468.7 million in the 2018.

To explore Porter’s five forces analysis, get in touch with our analysts here.

https://www.researchdive.com/connect-to-analyst/89

Key Participants in Global 3d Sensor Market:

Product development and joint ventures are the most common strategies followed by the market players
Key Participants in Global 3d Sensor Market	 

Source: Research Dive Analysis

Top gaining key participants of global 3D sensor market are pmdtechnologies ag, Infineon Technologies AG, SAMSUNG, LMI TECHNOLOGIES INC., COGNEX CORPORATION, Microchip Technology Inc., Occipital, Inc., Qualcomm Technologies, Inc., KEYENCE CORPORATION, OmniVision Technologies, Inc. and Sony Depthsensing Solutions SA/NV. These key participants are concentrating on new technology introduction, product launches, upgradation of current technologies and R&D activities to increase the market size in the global 3D sensor industry. For example, in May 2019, Infineon Technologies AG has released new product “REAL3™ IRS2381C”, which is a foremost 3D image sensor, especially designed for the smartphone device market. This product got product of the year award in sensor category at Embedded Vision Alliance awards Germany.

Aspect

Particulars

  Historical Market Estimations

  2018-2019

  Base Year for Market Estimation

  2018

  Forecast timeline for Market Projection

  2019-2026

  Geographical Scope

  North America, Europe, Asia-Pacific, LAMEA

  Segmentation by Type

  • Image Sensor
  • Accelerometer
  • Position Sensor
  • Others

  Segmentation by Technology

  • Structured Light
  • Ultrasound
  • Stereo Vision
  • Time-of-Flight
  • Others

  Segmentation by Connectivity

  • Wireless
  • Wired

  Segmentation by End Use

  • Consumer Electronics
  • Healthcare
  • Aerospace & Defense
  • Automotive
  • Others

  Key Countries Covered

U.S., Canada, Germany, France, Spain, Russia, Japan, China, India, South Korea, Australia, Brazil, and Saudi Arabia

  Key Companies Profiled

  • pmdtechnologies ag
  • Infineon Technologies AG
  • SAMSUNG
  • LMI TECHNOLOGIES INC.
  • COGNEX CORPORATION
  • Microchip Technology Inc.
  • Occipital, Inc.
  • Qualcomm Technologies, Inc.
  • KEYENCE CORPORATION
  • OmniVision Technologies, Inc.
  • Sony Depthsensing Solutions SA/NV

Source: Research Dive Analysis


FREQUENTLY ASKED QUESTIONS?
 

A. The global 3D Sensor Market size was over $1,464.6 million in 2018, and is further anticipated to reach $11,276.8 million by 2026.

A. Infineon Technologies AG, SAMSUNG, COGNEX CORPORATION and Qualcomm Technologies, Inc. are some of the key players in the global 3D Sensor Market.

A. Asia Pacific possesses great investment opportunities for the investors to witness the most promising growth in the coming years.

A. Asia Pacific 3D Sensor Market is projected to grow at 28.8% CAGR during the forecast period.

A. Product development, and joint ventures are the key strategies opted by the operating companies in this market.

A. Infineon Technologies AG, COGNEX CORPORATION and Qualcomm Technologies, Inc. are investing more on R&D activities for developing new products and technologies.

A. The 3D sensor is a kind innovation technology that keeps surprising people in the sectors it has been useful to. 3D sensor is bringing the revolution in Artificial Intelligence (AI). These sensors are having depth sensing technology at attaching the electronic devices with the real world. 3D sensors have given a thrilling experience for game lovers, it is utilized 3D designing, printing and facial & object recognition.

1. Research Methodology

1.1. Desk Research
1.2. Real time insights and validation
1.3. Forecast model
1.4. Assumptions and forecast parameters

1.4.1. Assumptions
1.4.2. Forecast parameters

1.5. Data sources

1.5.1. Primary
1.5.2. Secondary

2. Executive Summary

2.1. 360° summary
2.2. Type trends
2.3. Technology trends 
2.4. Connectivity trends
2.5. End Use trends

3. Market Overview

3.1. Market segmentation & definitions
3.2. key takeaways

3.2.1. Top investment pockets
3.2.2. Top winning strategies

3.3. Porter’s five forces analysis

3.3.1. Bargaining power of consumers
3.3.2. Bargaining power of suppliers
3.3.3. Threat of new entrants
3.3.4. Threat of substitutes
3.3.5. Competitive rivalry in the market

3.4. Market dynamics

3.4.1. Drivers
3.4.2. Restraints
3.4.3. Opportunities

3.5. Technology landscape
3.6. Regulatory landscape
3.7. Patent landscape
3.8. Pricing overview

3.8.1. By type
3.8.2. By technology
3.8.3. By connectivity
3.8.4. By end use
3.8.5. By region

3.9. Market value chain analysis

3.9.1. Stress point analysis
3.9.2. Distribution channel analysis
3.9.3. Operating vendors

3.9.3.1. Raw material suppliers
3.9.3.2. Product manufacturers
3.9.3.3. Product distributors

3.10. Strategic overview

4. 3D Sensor Market, by Type

4.1. Image Sensor 

4.1.1. Market size and forecast, by region, 2018-2026
4.1.2. Comparative market share analysis, 2018 & 2026

4.2. Accelerometer

4.2.1. Market size and forecast, by region, 2018-2026
4.2.2. Comparative market share analysis, 2018 & 2026

4.3. Position Sensor

4.3.1. Market size and forecast, by region, 2018-2026
4.3.2. Comparative market share analysis, 2018 & 2026

4.4. Others 

4.4.1. Market size and forecast, by region, 2018-2026
4.4.2. Comparative market share analysis, 2018 & 2026 

5. 3D Sensor Market, by Technology

5.1. Structured Light

5.1.1. Market size and forecast, by region, 2018-2026
5.1.2. Comparative market share analysis, 2018 & 2026

5.2. Ultrasound

5.2.1. Market size and forecast, by region, 2018-2026
5.2.2. Comparative market share analysis, 2018 & 2026

5.3. Stereoscopic Vision

5.3.1. Market size and forecast, by region, 2018-2026
5.3.2. Comparative market share analysis, 2018 & 2026

5.4. Time of Flight

5.4.1. Market size and forecast, by region, 2018-2026
5.4.2. Comparative market share analysis, 2018 & 2026

5.5. Others 

5.5.1. Market size and forecast, by region, 2018-2026
5.5.2. Comparative market share analysis, 2018 & 2026

6. 3D Sensor Market, by Connectivity

6.1. Wireless

6.1.1. Market size and forecast, by region, 2018-2026
6.1.2. Comparative market share analysis, 2018 & 2026

6.2. Wired  

6.2.1. Market size and forecast, by region, 2018-2026
6.2.2. Comparative market share analysis, 2018 & 2026

7. 3D Sensor Market, by End use

7.1. Aerospace and Defense

7.1.1. Market size and forecast, by region, 2018-2026
7.1.2. Comparative market share analysis, 2018 & 2026

7.2. Healthcare

7.2.1. Market size and forecast, by region, 2018-2026
7.2.2. Comparative market share analysis, 2018 & 2026

7.3. Consumer Electronics

7.3.1. Market size and forecast, by region, 2018-2026
7.3.2. Comparative market share analysis, 2018 & 2026

7.4. Automotive

7.4.1. Market size and forecast, by region, 2018-2026
7.4.2. Comparative market share analysis, 2018 & 2026 

7.5. Others 

7.5.1. Market size and forecast, by region, 2018-2026
7.5.2. Comparative market share analysis, 2018 & 2026

8. 3D Sensor Market, by Region

8.1. North America

8.1.1. Market size and forecast, by type, 2018-2026
8.1.2. Market size and forecast, by technology, 2018-2026
8.1.3. Market size and forecast, by connectivity, 2018-2026
8.1.4. Market size and forecast, by end use, 2018-2026
8.1.5. Market size and forecast, by country, 2018-2026
8.1.6. Comparative market share analysis, 2018 & 2026
8.1.7. U.S.

8.1.7.1. Market size and forecast, by type, 2018-2026
8.1.7.2. Market size and forecast, by technology, 2018-2026
8.1.7.3. Market size and forecast, by connectivity, 2018-2026
8.1.7.4. Market size and forecast, by end use, 2018-2026
8.1.7.5. Comparative market share analysis, 2018 & 2026

8.1.8. Canada

8.1.8.1. Market size and forecast, by type, 2018-2026
8.1.8.2. Market size and forecast, by technology, 2018-2026
8.1.8.3. Market size and forecast, by connectivity, 2018-2026
8.1.8.4. Market size and forecast, by end use, 2018-2026
8.1.8.5. Comparative market share analysis, 2018 & 2026

8.1.9. Mexico

8.1.9.1. Market size and forecast, by type, 2018-2026
8.1.9.2. Market size and forecast, by technology, 2018-2026
8.1.9.3. Market size and forecast, by connectivity, 2018-2026
8.1.9.4. Market size and forecast, by end use, 2018-2026
8.1.9.5. Comparative market share analysis, 2018 & 2026

8.2. Europe

8.2.1. Market size and forecast, by type, 2018-2026
8.2.2. Market size and forecast, by technology, 2018-2026
8.2.3. Market size and forecast, by connectivity, 2018-2026
8.2.4. Market size and forecast, by end use, 2018-2026
8.2.5. Market size and forecast, by country, 2018-2026
8.2.6. Comparative market share analysis, 2018 & 2026
8.2.7. UK

8.2.7.1. Market size and forecast, by type, 2018-2026
8.2.7.2. Market size and forecast, by technology, 2018-2026
8.2.7.3. Market size and forecast, by connectivity, 2018-2026
8.2.7.4. Market size and forecast, by end use, 2018-2026
8.2.7.5. Comparative market share analysis, 2018 & 2026

8.2.8. Germany

8.2.8.1. Market size and forecast, by type, 2018-2026
8.2.8.2. Market size and forecast, by technology, 2018-2026
8.2.8.3. Market size and forecast, by connectivity, 2018-2026
8.2.8.4. Market size and forecast, by end use, 2018-2026
8.2.8.5. Comparative market share analysis, 2018 & 2026

8.2.9. France

8.2.9.1. Market size and forecast, by type, 2018-2026
8.2.9.2. Market size and forecast, by technology, 2018-2026
8.2.9.3. Market size and forecast, by connectivity, 2018-2026
8.2.9.4. Market size and forecast, by end use, 2018-2026
8.2.9.5. Comparative market share analysis, 2018 & 2026

8.2.10. Spain

8.2.10.1. Market size and forecast, by type, 2018-2026
8.2.10.2. Market size and forecast, by technology, 2018-2026 
8.2.10.3. Market size and forecast, by connectivity, 2018-2026
8.2.10.4. Market size and forecast, by end use, 2018-2026
8.2.10.5. Comparative market share analysis, 2018 & 2026

8.2.11. Italy

8.2.11.1. Market size and forecast, by type, 2018-2026
8.2.11.2. Market size and forecast, by technology, 2018-2026
8.2.11.3. Market size and forecast, by connectivity, 2018-2026
8.2.11.4. Market size and forecast, by end use, 2018-2026
8.2.11.5. Comparative market share analysis, 2018 & 2026

8.2.12. Rest of Europe

8.2.12.1. Market size and forecast, by type, 2018-2026
8.2.12.2. Market size and forecast, by technology, 2018-2026
8.2.12.3. Market size and forecast, by connectivity, 2018-2026
8.2.12.4. Market size and forecast, by end use, 2018-2026
8.2.12.5. Comparative market share analysis, 2018 & 2026 

8.3. Asia Pacific

8.3.1. Market size and forecast, by type, 2018-2026
8.3.2. Market size and forecast, by technology, 2018-2026
8.3.3. Market size and forecast, by connectivity, 2018-2026
8.3.4. Market size and forecast, by end use, 2018-2026
8.3.5. Market size and forecast, by country, 2018-2026
8.3.6. Comparative market share analysis, 2018 & 2026
8.3.7. China

8.3.7.1. Market size and forecast, by type, 2018-2026
8.3.7.2. Market size and forecast, by technology, 2018-2026
8.3.7.3. Market size and forecast, by connectivity, 2018-2026
8.3.7.4. Market size and forecast, by end use, 2018-2026
8.3.7.5. Comparative market share analysis, 2018 & 2026

8.3.8. Japan

8.3.8.1. Market size and forecast, by type, 2018-2026
8.3.8.2. Market size and forecast, by technology, 2018-2026
8.3.8.3. Market size and forecast, by connectivity, 2018-2026
8.3.8.4. Market size and forecast, by end use, 2018-2026
8.3.8.5. Comparative market share analysis, 2018 & 2026

8.3.9. India

8.3.9.1. Market size and forecast, by type, 2018-2026
8.3.9.2. Market size and forecast, by technology, 2018-2026
8.3.9.3. Market size and forecast, by connectivity, 2018-2026
8.3.9.4. Market size and forecast, by end use, 2018-2026
8.3.9.5. Comparative market share analysis, 2018 & 2026

8.3.10. Australia

8.3.10.1. Market size and forecast, by type, 2018-2026
8.3.10.2. Market size and forecast, by technology, 2018-2026
8.3.10.3. Market size and forecast, by connectivity, 2018-2026
8.3.10.4. Market size and forecast, by end use, 2018-2026
8.3.10.5. Comparative market share analysis, 2018 & 2026

8.3.11. South Korea

8.3.11.1. Market size and forecast, by type, 2018-2026
8.3.11.2. Market size and forecast, by technology, 2018-2026
8.3.11.3. Market size and forecast, by connectivity, 2018-2026
8.3.11.4. Market size and forecast, by end use, 2018-2026
8.3.11.5. Comparative market share analysis, 2018 & 2026

8.3.12. Rest of Asia Pacific

8.3.12.1. Market size and forecast, by type, 2018-2026
8.3.12.2. Market size and forecast, by technology, 2018-2026
8.3.12.3. Market size and forecast, by connectivity, 2018-2026
8.3.12.4. Market size and forecast, by end use, 2018-2026
8.3.12.5. Comparative market share analysis, 2018 & 2026

8.4. LAMEA

8.4.1. Market size and forecast, by type, 2018-2026
8.4.2. Market size and forecast, by technology, 2018-2026
8.4.3. Market size and forecast, by connectivity, 2018-2026
8.4.4. Market size and forecast, by end use, 2018-2026
8.4.5. Market size and forecast, by country, 2018-2026
8.4.6. Comparative market share analysis, 2018 & 2026
8.4.7. Latin America

8.4.7.1. Market size and forecast, by type, 2018-2026
8.4.7.2. Market size and forecast, by technology, 2018-2026
8.4.7.3. Market size and forecast, by connectivity, 2018-2026
8.4.7.4. Market size and forecast, by end use, 2018-2026
8.4.7.5. Comparative market share analysis, 2018 & 2026

8.4.8. Middle East

8.4.8.1. Market size and forecast, by type, 2018-2026
8.4.8.2. Market size and forecast, by technology, 2018-2026
8.4.8.3. Market size and forecast, by connectivity, 2018-2026
8.4.8.4. Market size and forecast, by end use, 2018-2026
8.4.8.5. Comparative market share analysis, 2018 & 2026

8.4.9. Africa

8.4.9.1. Market size and forecast, by type, 2018-2026
8.4.9.2. Market size and forecast, by technology, 2018-2026
8.4.9.3. Market size and forecast, by connectivity, 2018-2026
8.4.9.4. Market size and forecast, by end use, 2018-2026
8.4.9.5. Comparative market share analysis, 2018 & 2026

8.4.10. Rest of LAMEA

8.4.10.1. Market size and forecast, by type, 2018-2026
8.4.10.2. Market size and forecast, by technology, 2018-2026
8.4.10.3. Market size and forecast, by connectivity, 2018-2026
8.4.10.4. Market size and forecast, by end use, 2018-2026
8.4.10.5. Comparative market share analysis, 2018 & 2026

9. Company Profiles

9.1. pmdtechnologies ag

9.1.1. Business overview
9.1.2. Financial performance
9.1.3. Product portfolio
9.1.4. Recent strategic moves & developments
9.1.5. SWOT analysis

9.2. Infineon Technologies AG

9.2.1. Business overview
9.2.2. Financial performance
9.2.3. Product portfolio
9.2.4. Recent strategic moves & developments
9.2.5. SWOT analysis

9.3. SAMSUNG

9.3.1. Business overview
9.3.2. Financial performance
9.3.3. Product portfolio
9.3.4. Recent strategic moves & developments
9.3.5. SWOT analysis

9.4. LMI TECHNOLOGIES INC.

9.4.1. Business overview
9.4.2. Financial performance
9.4.3. Product portfolio
9.4.4. Recent strategic moves & developments
9.4.5. SWOT analysis

9.5. COGNEX CORPORATION

9.5.1. Business overview
9.5.2. Financial performance
9.5.3. Product portfolio
9.5.4. Recent strategic moves & developments
9.5.5. SWOT analysis

9.6. Microchip Technology Inc.

9.6.1. Business overview
9.6.2. Financial performance
9.6.3. Product portfolio
9.6.4. Recent strategic moves & developments
9.6.5. SWOT analysis

9.7. Occipital, Inc.

9.7.1. Business overview
9.7.2. Financial performance
9.7.3. Product portfolio
9.7.4. Recent strategic moves & developments
9.7.5. SWOT analysis

9.8. Qualcomm Technologies, Inc.

9.8.1. Business overview
9.8.2. Financial performance
9.8.3. Product portfolio
9.8.4. Recent strategic moves & developments
9.8.5. SWOT analysis

9.9. KEYENCE CORPORATION

9.9.1. Business overview
9.9.2. Financial performance
9.9.3. Product portfolio
9.9.4. Recent strategic moves & developments
9.9.5. SWOT analysis

9.10. OmniVision Technologies, Inc.

9.10.1. Business overview
9.10.2. Financial performance
9.10.3. Product portfolio
9.10.4. Recent strategic moves & developments
9.10.5. SWOT analysis

9.11. Sony Depthsensing Solutions SA/NV

9.11.1. Business overview
9.11.2. Financial performance
9.11.3. Product portfolio
9.11.4. Recent strategic moves & developments
9.11.5. SWOT analysis

The three-dimensional (3D) sensor technology is a crucial scientific breakthrough. It augments cameras capabilities for object and facial recognition, and is called as a depth sensing technology. 3D sensor technology delivers unique advancements in a way day-to-day activities are approached and perceived.

The manufacturers in the 3D sensor market scramble to incorporate new advancements into several consumer products. Using optical technology, the 3D sensing technology mimics the human-visual system, which creates unique opportunities in consumer applications.

3D Sensor Technology Booming on Several Applications

3D sensor can be described as an extension of existing well-known sensor market. As per a study published  by Research Dive, 3D sensing is considered as one-of-a-kind innovative technologies, which is suited for various applications such as consumer electronics, healthcare, industrial robotics, automotive, and security & surveillance etc. Owing to the efficient product handling and increasing acceptance of gesture applications across different industrial verticals, the electronics industry has solid potential for 3D sensors.

Since the 3D sensor has attractive features such as high efficiency, greater reliability, and cost effectiveness, it plays a major role in the growth of the semiconductor industry. On the other hand, a slow adoption of 3D depth sensing technology is witnessed in the consumer electronics industry. In the past, gaming was the only field where the first commercial application of 3D depth sensing technology was observed. Recently, this technology has extended its applicability in the field of 3D imaging and detection.

The recent progress in consumer electronics is connecting the use of 3D sensors to provide 4K and Ultra HD vision in the TV and PCs coupled with mapping, augmented reality and improved biometric sensing in the mobile phones. Owing to the growing demand for virtualized solutions, the applicability of 3D sensing technology has expanded in the robotics industry as well. This technology is increasingly used in drones, automotive, consumer, and industrial applications.

When compared to 3D sensing technology, the Iris scanning is a simpler technology, which uses recognition techniques of mathematical pattern on video images. The iris scanning technology allows camera modules to scan the users eye, then on a file compares the iris to an image, and then only confirms the identity of the user. Several consumer applications of iris scanning technology include mobile pay, automotive security, and access control.

Potential Future of 3D Sensor Market

Global market for mineral wool is anticipated to witness a positive growth during the forecast period from 2019 to 2026. Technological advancements into 3D sensor owing to constant R&D activity, growing consumer acceptance of wearable devices, rising demand of 3D sensor equipped with consumer electronics devices, and growing need of surveillance camera & advanced security are the factors giving a significant boost to the growth of global 3D sensor market.

Lack of product differentiation, limited manufacturing excellence, and heavy maintenance costs are predicted to hinder the market growth. However, integration of nanotechnology and developing media applications with 3D sensors in various applications is anticipated to drive the global 3D sensor market growth. Increasing popularity for augmented reality and virtual reality in the gaming is creating huge growth opportunities for the global 3D sensor market.

Increasing adoption of smart devices and rising demand for electronics will escalate the growth of global market in the upcoming years. As per the statistics provided by a Research Dive report, the global 3D sensor market  is anticipated to rise at a CAGR of 28.0%, and will reach up to $11,276.8 by the end of 2026. The report highlights the major players operating in the global market. Some of them are SAMSUNG, pmdtechnologies ag, LMI TECHNOLOGIES INC., Infineon Technologies AG, COGNEX CORPORATION, Occipital, Inc., KEYENCE CORPORATION, Qualcomm Technologies, Inc., Sony Depthsensing Solutions SA/NV, OmniVision Technologies, Inc. and Microchip Technology Inc.
 

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