Press release
Global 3D Sensor Market Comprehensive Study: Forecasted Market Size And Growth Rate | Infineon Technologies AG, Microchip Technology Inc., OmniVision Technologies Inc., PMD Technologies AG
3D Sensor Market Characteristics
The Business Research Company offers in-depth market insights through 3D Sensor Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.
Market Size And Growth Forecast:
The 3d sensor market size has grown exponentially in recent years. It will grow from $3.43 billion in 2023 to $4.34 billion in 2024 at a compound annual growth rate (CAGR) of 26.6%. The growth in the historic period can be attributed to consumer electronics demand, automotive safety features, medical imaging, industrial automation, security and surveillance, smart home applications..
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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Market Segmentation:
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
Major Driver - Surging Smartphone Demand Propels Growth In 3D Sensor Market
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.
Competitive Landscape:
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 .
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Top Trend - A Fusion Of AI And Adaptive Self-Configuration For Enhanced Edge Processing
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 Table Of Content For The Market Report Include:
1. Executive Summary
2. 3D Sensor Market Characteristics
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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