Knowledge Sourcing Intelligence announces the publication of a new analysis report on the market of “Global 3D sensor market” - which is forecasted from 2020 to 2027”.
The key factors propelling the growth of the 3D sensor market are the growing demand for 3D sensor-enabled consumer electronics, increased demand for 3D gaming technology, and falling prices of sensors.
As per the report, the 3D sensor market is projected to grow at a moderate pace throughout the anticipated period.
A 3D sensor is an electronic device that is used to collect data from the surrounding. Hence this is a depth-sensing technology that has amplified the camera capabilities for better object and facial recognition. During the forecast period, the increasing demand for 3D-enabled consumer devices coupled with the falling prices of sensors are acting as some of the prime factors driving the demand for the 3D sensor market. Moreover, the widespread use of 3D sensors combined with nanotechnology in different industry applications is also supporting the growth of the 3D sensor market. Furthermore, the widespread acceptance of this technology in consumer electronic devices like smartphones and cameras is yet another factor for the growing 3D sensor market.
The 3D sensor market has been categorized based on technology, type, end-user industry, and geography
By technology, the 3D sensor market has been classified into structured light, stereo vision, ultrasound, and time of flight. The benefits of using Time to Flight (ToF) such as accurate pedestrian detection, authentication of users based on facial features, and environment mapping among others are expected to propel the ToF technology segment during the forecast period.
Based on type, the 3D sensor is segmented into an image sensor, pressure sensor, position sensor, temperature sensor, and others. The 3D image sensor technology is anticipated to hold a significant share of the 3D sensor market during the forecast period, due to its widespread application in a digital camera, camera modules, and other imaging devices.
By end-user industry, the 3D sensor market is divided into manufacturing, healthcare, military and defense, consumer electronics, automotive, and media and entertainment. According to the analysts, the consumer electronics segment is expecting a higher CAGR during the forecast period owing to the growing demand for smart wearables.
Geographically, the market is divided into North America, South America, Europe, the Middle East and Africa, and Asia-pacific. During the forecast period, the North American region is anticipated to hold a considerable share of the market and is expected to grow at a steady rate owing to the early technological adoption by the end-user industries operating in this region. The analyst anticipates that the Asia-Pacific region will witness the fastest regional growth in the 3D sensor market owing to the growing consumer electronics industry prevailing in this region.
The COVID-19 pandemic had a significant impact on the 3D sensor market owing to a large-scale impact on the OEMs that were engaged in manufacturing, research, and development. The pandemic's effects on the supply chain resulted in revenue losses for several North American 3D sensor producers.
As a part of the report, the major players operating in the 3D sensor market, that have been covered are OmniVision Technologies, Inc., Infineon Technologies AG, Sony Depthsening Solutions, Cognex Corporation, IFM Electronic GmbH, ASUSTeK Computer Inc., Microchip Technology Inc., Ebay Inc., Panasonic Corporation, LMI Technologies, Inc.
View a sample of the report or purchase the complete study at https://www.knowledge-sourcing.com/report/3d-sensor-market
This analytics report segments the 3D sensor market on the following basis: