3D Sensor Market Size, Share, Opportunities, COVID-19 Impact, And Trends By Technology (Structured Light, Stereo Vision, Ultrasound, Time Of Flight), By Type (Image Sensor, Pressure Sensor, Position Sensor, Temperature Sensor, Others), By End-User Industry (Manufacturing, Healthcare, Military And Defense, Consumer Electronics, Automotive, Media And Entertainment), And By Geography - Forecasts From 2022 To 2027

The global 3D Sensor market is projected to witness a CAGR of 12.64% over the forecast period to reach a total market size of US$5.576 billion by 2027, from US$2.423 billion in 2020.

Growing demand for 3D-enabled consumer electronics devices along with the falling prices of sensors are some of the major factors driving the market’s growth. Rising demand for 3D sensors for 3D gaming technology will also fuel market growth. The demand for 3D sensors is expected to increase throughout the forecast period due to the widespread use of 3D sensors combined with nanotechnology in a variety of applications. However, the lack of product differentiation and limited manufacturing excellence will hinder the market’s growth during the forecast period.

The growing incorporation of AI within the gaming industry is expected to drive the adoption of 3D sensors in the consumer electronics industry.

By the end-user industry, the consumer electronics segment will grow at a high CAGR during the forecast period. The demand for wearables is increasing as there is a greater emphasis placed on fitness and overall health. There has been a growing demand for 3D-enabled smartphones and cameras, further contributing to the growth of the global 3D sensor market. Simultaneously, face recognition based on 3D imaging technology is becoming a standard within the smartphone industry. Furthermore, there has been an increasing trend of using products of smaller sizes, which is leading to increased production of miniaturized components. As a result, the production of miniaturized components of different consumer electronic products involves vision and optical inspection to ensure that they meet the required standards.

Moreover, the incorporation of artificial intelligence and virtual reality into the gaming industry has been evolving rapidly over the years. Many large game development companies are integrating virtual reality into their products to enhance the user experience and improve their revenue generation opportunities. Moreover, the recent introduction of several virtual reality headsets in 2019 is an indication of the growing interest in virtual reality within the gaming industry. For instance, HTC launched its new Vive Cosmos virtual reality headset in October 2019 in India. Similarly, the availability of Oculus Quest and Rift S VR headsets also boosted the growth of the VR-based gaming industry, which in turn, is fuelling the growth of the 3D sensor market.

A significant share of the market is held by North America.

Geographically, North America is estimated to hold a significant share of the global 3D Sensor market in 2020 and is expected to grow at a steady pace during the course of the forecast period owing to the early adoption of the technology across various end-use industries in the region. Moreover, the advancement in the development of 3D sensors has increased their utility in the measurement and inspection applications for the heavy manufacturing industry, enabling companies to lower the cost of production and improve the development cycle of the product. For instance, IVS recently launched a range of vision sensors for 3D vision operations in a harsh industrial environment that have the capability to deliver optimal performance in challenging inspection and guiding applications where conventional systems struggle. Furthermore, the growing investment in the development of autonomous driving vehicles is further supplementing the growth of the market. According to the U.S Department of Transportation Secretary Elaine Chao, there are more than 1,400 self-driving cars and trucks that are currently being tested by more than 80 companies across the 36 U.S states.

The Asia Pacific region will witness the fastest regional market growth during the forecast period due to the expanding consumer electronics industry in China and India. Moreover, the growing efforts by the government of India to improve domestic manufacturing are further anticipated to provide high revenue generation opportunities for 3D sensor manufacturers. Furthermore, robust sales of 3D gaming consoles in the region will further contribute to the germination of the 3D sensor market in the region.

Key Developments

• May 2021: OmniVision on 5 May 2021, an image signal processor (ISP) from OmniVision Technologies, the OAX4000, allowed OEMs to future-proof their designs with additional functionality as market demands change by offering design flexibility for next-generation automotive single- and multi-camera architectures. OAX4000 provided the ultimate automotive solution when combined with OmniVision's comprehensive sensor portfolio.
• March 2021: Lumentum on 3 March 2021, a revolutionary line of high-power, high-efficiency VCSEL arrays was launched by Lumentum for advanced consumer applications as well as automotive LiDAR and 3D sensing. The use of LiDAR and 3D sensing expanded into the consumer electronics, automotive, and industrial sectors.
• January 2021: Intel on January 2021, the company launched Intel RealSense ID, through which they combined an active depth sensor with a specialized neural network to provide secure, accurate, and user-aware facial authentication. Smart locks, access control, point-of-sale, ATMs, kiosks, and more are compatible with Intel RealSense ID.

Impact of COVID-19 on 3D Sensor Market

Many OEMs involved in the production, research and development were impacted by COVID-19. Several North American 3D sensor manufacturers lost revenue due to supply chain constraints caused by the pandemic. Several factors were expected to negatively impact the 3D sensing market for consumer and industrial applications, including consumer spending trends in a macro-slowdown, smartphone supply-chain challenges that impacted demand, and risks associated with the timing of new customer programs. As the pandemic interrupted the development of AV technologies and slowed consumer purchases of new vehicles, it also increased the potential for AVs to be adopted in other spaces. As a result of the COVID-19 pandemic, the e-commerce and logistics industries realized the significance of autonomous vehicles (AV). The market for 3D sensing applications was anticipated to be driven by these kinds of advanced vehicles. Since the pandemic started, the adoption of 3D sensors increased in healthcare applications which have boosted the market's growth.

3D Sensor Market Scope:

Market Segmentation:

• By Technology
  • Structured Light
  • Stereo Vision
  • Ultrasound
  • Time of Flight
• By Type
  • Image Sensor
  • Pressure Sensor
  • Position Sensor
  • Temperature Sensor
  • Others
• By End User Industry
  • Manufacturing
  • Healthcare
  • Military and Defense
  • Consumer Electronics
  • Automotive
  • Media and Entertainment
• By Geography 
  • North America
    •  USA
    • Canada
    • Mexico
  • South America
    • Brazil
    • Argentina
    • Others
  • Europe
    • UK
    • Germany
    • France
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • Israel
    • Others
  •   Asia Pacific
    • Japan
    • China
    • India
    • South Korea
    • Thailand
    • Taiwan
    • Indonesia
    • Others