3D Sensor Market Size to Reach USD 20.1 billion with Expand at a CAGR of 13.6% by 2031: Transparency Market Research, Inc.

News provided by

Jan 16, 2024, 06:00 ET

Robotics and industrial automation will continue to drive the market for 3D sensors

WILMINGTON, Del., Jan. 16, 2024 /PRNewswire/ -- The 3D sensor market was valued at US$ 6.4 billion in 2022. Between 2023 and 2031, the market is expected to expand at a CAGR of 13.6%, reaching US$ 20.1 billion by 2031. Enhanced monitoring and threat detection capabilities through 3D sensors for security and surveillance. This could be used for residential or commercial purposes. Technological advancements in 3D sensors improve energy efficiency and reduce costs, enabling them to be used in various applications.

3D sensors are among the latest technologies used in the automotive industry for applications such as gesture recognition, advanced driver assistance systems (ADAS), and in-cabin sensors. Greater importance is being placed on 3D sensors as vehicles become safer and more automated and provide enhanced user experiences. 3D sensors were adopted by many industries, including automotive and healthcare, because of regulatory support for safety and quality. Advanced sensing technologies are often necessary for compliance with regulations and standards.

Download Sample Copy of the Report:

https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=38018

Increasing use of 3D sensors to aid in medical imaging, surgical assistance, and patient monitoring. Increasing the accuracy and compactness of 3D sensing devices may improve healthcare outcomes. Gaming, smart homes, and public spaces benefit from gesture recognition and human-computer interaction. Creating intuitive and natural interfaces may be possible with 3D sensors. IoT devices with integrated 3D sensors for applications such as environmental monitoring, traffic monitoring, and surveillance in smart cities. These sensors could be used in city planning and management to provide data-driven decisions.

3D Sensor Market Report Scope:

Report Coverage	Details
Forecast Period	2023-2031
Base Year	2017–2021
Size in 2022	US$ 6.4 Bn
Forecast (Value) in 2031	US$ 20.1 Bn
Growth Rate (CAGR)	13.6 %
No. of Pages	215 Pages
Segments covered	Type, Technology, End-use

Key Findings of the Market Report

Global 3D sensor industry vendors will likely benefit from integrating 3D sensors in smartphones and tablets.
Increased demand for security and surveillance systems is enhancing the market growth of 3D sensors.
The consumer electronics industry is experiencing rapid growth and is contributing to the market value increase.
In 2022, Europe had the world's largest market share for 3D sensors.

Global 3D Sensor Market: Key Players

Many 3D sensor companies are partnering up to expand their use of 3D images. They invest in developing and commercializing 3D imaging and sensing hardware to expand their product portfolio.

Infineon Technologies
OmniVision Technologies
Occipital, Inc.
PMD Technologies AG
Microchip Technology
Cognex Corporation
Intel Corporation
IFM Electronic GmbH
LMI Technology

Key Developments

In March 2023, Eyeris Technologies, Inc., partnered with OMNIVISION, a global semiconductor company specializing in advanced digital imaging solutions, to integrate its monocular 3D sensing software into the OMNIVISION OAX4600 SoC utilizing the RGB-IR OX05B1S sensor.

Any Query? Ask to Expert:

https://www.transparencymarketresearch.com/sample/sample.php?flag=ASK&rep_id=38018

Global 3D Sensor Market: Growth Drivers

Sensors for 3D scanning appear in various consumer electronics, including smartphones, game consoles, and augmented reality (AR) devices, among others. Sensors that capture 3D images contributed to the demand for immersive experiences and advanced features. In robotics and industrial automation, 3D sensors play an important role in object recognition, navigation, and quality control tasks. The use of 3D sensors has become more prevalent in industries as automation increases efficiency and precision.
Several advancements in 3D sensor technology have improved performance, accuracy, and reliability, including time-of-flight (ToF) and structured light sensors. Businesses across various industries have embraced these technological advancements and integrated 3D sensing technologies into their products.
With the advent of AR and VR technologies, 3D sensors became increasingly popular since these sensors made interactive and immersive experiences possible. Applications in AR and VR use them for motion tracking, positional recognition, and environment mapping.
Medical imaging, monitoring, and gesture-based control are some of the applications that 3D sensors are used for in the healthcare sector. The need for accurate and non-invasive healthcare solutions drove the adoption of 3D sensing technology. A growing number of established companies and startups are investing in research and development activities, resulting in the development and expansion of 3D sensor technologies. By using this technology, new applications can be developed, and existing ones can be improved.

Global 3D Sensor Market: Regional Landscape

Europe is expected to drive demand for the 3D sensor market. 3D sensing is widely adopted in the automotive industry because it offers safety and innovation. Robotics and industrial automation were using 3D sensors in greater numbers in Europe. Because of using these sensors, manufacturing processes became more efficient and precise, contributing to increased object recognition, quality control, and robot navigation.
Europe is a major market for consumer electronics, and 3D sensors in digital devices contributed to market growth. Innovation and research have been active in Europe, with academic institutions and companies continually investing in cutting-edge technology.
Because of the focus on staying ahead of technological advances, 3D sensors became increasingly popular. A number of 3D sensors are being developed in Europe in response to the development of smart cities and the Internet of Things (IoT).

Global 3D Sensor Market: Segmentation

By Type

Image Sensor
Position Sensor
Acoustic Sensor
Proximity Sensor
Others

By Technology

Stereo Vision
Time-of-flight
Structured Sensor
Infrared Sensor Technology
Hall Technology

By End Use

Consumer Electronics
Healthcare
Aerospace & Defense
Automotive
Industrial Robotics
Security & Surveillance
Media & Entertainment
Others

By Region

North America
South America
Europe
Asia Pacific
Middle East & Africa

Buy this Premium Research Report:

https://www.transparencymarketresearch.com/checkout.php?rep_id=38018&ltype=S

More Trending Report by Transparency Market Research:

Power Management Integrated Circuit Market to Grow at a CAGR of 6.3% During Forecast Period 2023-2031: TMR Study

Embedded Non-Volatile Memory Market to Grow at a CAGR of 15.3% from 2021 to 2031, Reaching US$ 218.6 Million: As per TMR Study

DUV Lithography Systems Market Estimated to Reach Revenue of US$ 12.3 Billion by End of 2031, Transparency Market Research, Inc.

About Transparency Market Research

Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants use proprietary data sources and various tools & techniques to gather and analyses information.

Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.

Contact:

Nikhil Sawlani
Transparency Market Research Inc.
CORPORATE HEADQUARTER DOWNTOWN,
1000 N. West Street,
Suite 1200, Wilmington, Delaware 19801 USA
Tel: +1-518-618-1030
USA – Canada Toll Free: 866-552-3453
Website: https://www.transparencymarketresearch.com
Email: [email protected]
Follow Us: LinkedIn| Twitter| Blog | YouTube