The global 3D sensor market is anticipated to reach US$ 2.5 billion by 2022. The market as a whole is predicted to develop at a CAGR of 26% reaching around US$ 9 billion by 2032. The increasing implementation of 3D sensors across various industries such as automotive and media & entertainment is projected to drive the market.
The 3D sensor is an expansion of the already established sensor business. 3D sensing is a dynamic technology that is appropriate for a wide range of applications including healthcare, automotive, consumer electronics, industrial robotics, and security and surveillance.
Because of the increasing popularity of gesture applications and efficient product handling across several industrial verticals, the electronics industry has a high potential for 3D sensors. The global 3D sensor market incorporates cutting-edge technology and has enormous potential shortly. Because of its appealing characteristics such as cost-effectiveness, higher reliability, and high efficiency, 3D sensor technology has played a significant role in the evolution of the semiconductor industry.
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The research provides an in-depth examination of major growth drivers and trends that are expected to have an impact on the market in the next years. The adoption of cloud computing and artificial intelligence is predicted to drive robust growth in the technology industry over the projection period. Increasing competitive pressure and enhanced digital transformation in data analytics and artificial intelligence are expected to improve the 3D Sensor market’s growth prognosis in the future decade.
Changes in consumer behavior, significant product innovations, and increasing distribution networks, according to the FMI analysis, continue to influence the growth of the 3D Sensor market. FMI researchers depend on proprietary research methodologies and extensive data analysis to forecast current and future trends in the 3D Sensor market report.
Impact of COVID-19 on the 3D Sensor Market:
With the onset of COVID-19, there has been a significant impact on the technology sector. Disruptions of the electronic supply chain and raw material supply have adversely impacted the technology industry. However, there has been a positive impact on the industry with the adoption of remote working. Rapid focus on integrating digital techniques and big data analytics in the IT services and technology industry is expected to result in a healthy outlook.
FMI’s recently published report has a chapter exclusively dedicated to COVID-19 impact analysis. This is intended to aid 3D Sensor market stakeholders in deploying innovative strategies to overcome the challenges that are likely to affect the 3D Sensor market.
Market Competition:
The global 3D sensors market is highly competitive in nature with leading market players constantly upgrading their product portfolios. They are aiming at developing innovative solutions that can even penetrate through sold obstacles like walls.
Leading Key Players:
- Infineon Technologies AG
- Cognex Corporation
- LMI Technologies Inc.
- SOFTIKINETIC
- Optima S.A.
- ifm Efector, Inc.
- Occipital, Inc.
- ASUSTeK Computer Inc.
- Panasonic Corporation
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3D Sensor Market: Drivers and Restraints:
The global 3D sensor market is expected to witness lucrative growth during the forecast period. Factors that are driving the growth of the global 3D sensor market are advancement into sensor technology due to constant R&D activity, increasing demand for 3D sensor-equipped consumer electronics devices, growing consumer acceptance of wearable electronic devices, increasing demand for 3D sensing games and rising need of advanced security and surveillance camera.
On the other hand, a few factors are restraining the growth of the global 3D sensor market such as lack of product differentiation, heavy maintenance cost, and limited manufacturing excellence. However various market opportunities such as developing retail and media applications and integration of nanotechnology with 3D sensors in a range of applications are expected to boost the global 3D sensor market.
3D Sensor Market Segmentation:
By Product Type:
- Position Sensors
- Pressure Sensors
- Image Sensors
- CMOS 3D Image Sensors
- 3D Electro-Optical Image Sensors
- 3D Time of Flight Image Sensors
- Temperature Sensors
- Others
By Technology:
- Structured Light
- Ultrasound
- Stereo Vision
- Time of Flight Technology
By Application:
- Consumer Electronic Application
- Medical Application
- Automotive application
- Industrial Application
- Media & Entertainment Application
- Aerospace & Defence Application
- Others
By Region:
- North America
- Latin America
- Western Europe
- Eastern Europe
- APEJ
- Japan
- Middle East & Africa
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