New York, US, March 09, 2023 (GLOBE NEWSWIRE) -- According to a comprehensive research report by Market Research Future (MRFR), “3D Sensor Market Research Report: By Technology, Type, End User and Region - Forecast till 2030, the market is anticipated to acquire a valuation of approximately USD 25 billion by the end of 2030. The reports further predict the market to flourish at a robust CAGR of over 22.2% during the assessment timeframe.
3D Sensor Market Analysis:
Consumer electronics, industrial production for precision manufacturing, and the medical device manufacturing business are all adopting 3D sensors more frequently. The need for high precision security and surveillance, the rising use of 3D sensing technology in virtual reality and gaming, the rising demand for 3D enabled consumer electronics like smartphones and tablets, and the increased demand for 3D sensors are the factors driving the growth of the 3D sensor market.
In order to create a 3D model from 2D data, artists, engineers, and architects also employ the 3D sensors. Also, in recent years, 3D sensors have been used for 3D sensing for logistics and control in the automotive industry. The rising need for 3D sensors in mixed reality and depth-sensing technology is opening up opportunities for 3D sensors, even though numerous important firms are continuously investing in research and development of 3D sensing.
Because they can determine the size, form, and distance of an object or objects inside their range of view, 3D sensors have grown in popularity in recent years. These sensors distinguish objects in space using a variety of approaches.
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Key Players:
The 3D sensor industry's suppliers are emphasising service enhancement and market expansion into emerging and developing nations.
- Sony Corporation
- Microsoft Corporation
- Intel Corporation
- Qualcomm Technologies Inc.
- STMicroelectronics
- Texas Instruments
- Microchip Technology Inc.
- Infineon Technologies AG
- AsusTek Computers Inc.
- AMS AG
- Finisar Corporation
- SICK AG
- Cognex Corporation
- Occipital Inc.
- Xovis AG
Report Scope:
| Report Metric | Details |
| Revenue forecast in 2030 | USD 25 Billion |
| Growth Rate | CAGR of 22.2% from 2022 to 2030 |
| Base Year | 2021 |
| Study Period | 2022-2030 |
| Key Market Opportunities | The increased demand for 3D sensors in mixed reality, and depth-sensing technology |
| Key Market Drivers | Increasing demand for 3D enabled devices in consumer electronics such as smartphones. |
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They can be used for commercial or industrial purposes in 3D printing, design, gesture-based control, mapping, facial recognition, and other fields. Moreover, 3D image sensors in robotics aid with assembling issues and collision avoidance. 3D sensors are used for teleconferencing in virtual and augmented reality, and they allow marketing teams to show prospective customers real estate for sale from a distance. They are also used in the automotive industry. When used in a detecting device, these sensors assist in tracking the motions of the driver and alert the user if the driver appears to be dozing off while driving.
The introduction of virtual reality and augmented reality has greatly increased the appeal of gaming in recent years. The popularity of 3D sensor-based gaming is rising quickly on PCs and gaming consoles.
Since the Xbox Kinect can detect player motions and incorporate them into the game, 3D sensors have grown in popularity. High-end computers with dual-core CPUs make up the next generation of gaming technology. The global market for 3D sensors is expanding mostly due to the growth of gaming and augmented reality.
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Similar to this, the consumer electronics sector has seen the development of a variety of 3D-capable gadgets, including cameras, 3D media players, 3D gaming consoles, 3D portable devices, 3D TV displays, and 3D desktop PCs and notebooks. As the demand for 3D-capable devices rises, so does the amount of 3D content that is readily available, fueling market expansion.
In order to deliver 3D sensors, Apple Inc. intends to strengthen its collaboration with Sony Corporation. Since 3D sensors are frequently utilised in cameras, the rising need for security and surveillance is also boosting the market for 3D sensors.
Many technologies can be used to implement 3D sensing. The consumer lifestyle, automobile, security, and industrial sectors all make extensive use of it. Devices equipped with 3D sensors include those for eye tracking, gesture recognition, 3D video conferencing, facial recognition, distracted driver detection, touchless dashboard control, vehicle access control, security scanning, object detection, collision warning, and content generation for 3D printing. The 3D sensors are the tools that create 3D maps of the user's surroundings in response to the external environment in three dimensions.
The 3D sensor combines many sensing technologies, including time of flight, ultrasonic, and structured light technologies (ToF). Over the forecast period, the 3D sensor market will expand as a result of rising smartphone demand, the need to improve electronic devices, and rising demand for gesture analysis applications. However, during the anticipated timeframe, the market for 3D sensors will be constrained by their high price and technological complexity. Over the forecast period, STMicroelectronics, Texas Semiconductor Incorporated, Qualcomm Technologies, Infineon Technologies AG, and Intel Corporation are anticipated to lead the 3D sensor market.
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The projection period from 2022 to 2030 predicts a strong growth in the worldwide 3D sensor market. The 3D sensor market has undergone geographic analysis for North America, Europe, Asia-Pacific, and the rest of the globe. Due to the increasing use of 3D sensors in gaming, the creation of medical devices, the production of autos, and consumer electronics, Asia-Pacific is anticipated to lead the 3D sensor market during the forecast period. The market for 3D sensors has successfully counted North America in at number two. During the forecast period, growth in Asia-Pacific is anticipated to be faster.
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