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Global 3D Sensor Market to Create Huge Growth Opportunities for the Market Players in the Coming Years

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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