3D Sensor Market Analysis | 2023-2028

“The 3D Sensor Market was estimated at US$ 4.15 billion in 2022 and is expected to grow at a strong CAGR of 27.7% over the next five years to reach US$ 18.04 billion by 2028.”

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Market Dynamics

Introduction

A 3D sensor is simply a device that can measure three-dimensional attributes of an object or the surrounding reality. It uses techniques such as structured light, time of flight, or stereoscopic vision to calculate distance and depth with precision. This is made possible using the signals emitted and the reflections recorded by the sensor to come up with a three-dimensional view of the scene.

These sensors can be extensively applied in robotics for such purposes as obstacle detection and navigation, in augmented reality and virtual reality to perform actions with virtual objects in real-life environments, in games for motion tracking, and in industrial automation for object identification and measurement.

Market Drivers

The growth of the 3D sensor market is driven by the following factors:

• Rising consumer electronics demand for 3D-enabled devices: These components improve user experience in smartphones, gaming consoles, and camera applications by offering facial recognition and augmented reality functions.

• Increased demand for medical imaging solutions: Enhances diagnostics and treatment planning with 3D ultrasound, and MRI.

• Perception & object recognition: High-quality depth perception and 3D sensors such as LiDARs or stereo cameras help in understanding the external environment.

• Autonomous Vehicle Navigation: Supports safe navigation through challenging environments, in addition to obstacle avoidance and passenger safety.

Segments Analysis

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By Type

“The image sensor segment is the fastest growing type during the forecast period.”

The market is segmented into image sensors, position sensors, acoustic sensors, accelerometers, and others. The image sensor segment is estimated to be the fastest-growing type in the 3D sensor market during the forecast period. The rapid adoption of smartphones and cameras with new features has enabled the CMOS 3D sensors market growth, due to their usage in these types of devices and other consumer electronic devices.

By End-Use Industry Type

“The consumer electronics segment dominates the market during the forecast period.”

The 3D sensor market is segmented as consumer electronics, healthcare, aerospace & defense, industrial robotics, entertainment, automotive, security & surveillance, and others. The consumer electronics segment is estimated to account for the largest share of the market globally, during the forecast period.

3D sensor finds various applications in consumer electronics such as mobile phones, tablet PCs, cameras, wearable electronic devices, and remote controls. A variety of 3D sensors, such as 3D image sensors, 3D position sensors, and 3D accelerometers are used in consumer electronic devices. Features such as reliability, intelligence, low consumption of power, low cost, and high integration are the major factors driving the integration of 3D sensing technology in the consumer electronics industry.

Regional Analysis

“Asia-Pacific is estimated to be the fastest-growing market during the forecast period.”

China and India are the major countries with lucrative growth opportunities. The growth of the region’s market is driven by the growth of various end-use industries, such as consumer electronics, medical, and automotive, which is generating huge demand for 3D sensors and the presence of many 3D sensor manufacturers in the Asia-Pacific region.

North America and Europe are also expected to offer substantial growth opportunities during the forecast period.

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Key Players

The market is highly populated with the presence of several local, regional, and global players. Most of the major players compete in some of the governing factors including price, product offerings, regional presence, etc.  

The following are the key players in the 3D sensor market (arranged alphabetically).

• Cognex Corporation
• IFM Electronic GmbH
• Infineon Technologies AG
• Intel Corporation
• Keyence
• Microchip Technology Inc.
• OmniVision Technologies Inc.
• PMD Technologies AG
• Samsung
• Sony Corporation

Note: The above list does not necessarily include all the top players in the market.

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Report Features

This report provides market intelligence most comprehensively. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision-making for the existing market players as well as those willing to enter the market.

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Research Methodology

This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools.

More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles, have been leveraged to gather the data.

We conducted more than 15 detailed primary interviews with the market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.

Customization Option

With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

Company Profiling

• Detailed profiling of additional market players (up to three players).
• SWOT analysis of key players (up to three players).

Competitive Benchmarking

• Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances.

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