Demand in the global 3D sensor market is anticipated to total USD 2.5 Billion in 2022. The overall market is forecast to grow at a prolific CAGR of over 26.0% to reach around USD 9.0 Billion by 2032. The rising adoption of 3D sensors across various industries such as automotive and media & entertainment is expected to drive the market.
| Report Attribute | Details |
|---|---|
| Estimated Base Year Value (2021) | USD 2.1 Billion |
| Expected Market Value (2022) | USD 2.5 Billion |
| Anticipated Forecast Value (2032) | USD 9.0 Billion |
| Projected Growth Rate (2022 to 2032) | 26.0% CAGR |
3D sensing technology has emerged as one of the major breakthrough inventions that completely revolutionized the electronics and automotive industries. It is a depth-sensing technology that facilitates camera capabilities for facial and object recognition. 3D sensing is achieved through devices called 3D sensors.
3D sensors are devices which respond to external environment in 3-dimension by creating 3D maps of user's surroundings or environment. They are being extensively used in electronic products for capturing a real-world object's length, width, and height with more clarity and in-depth detail. Increasing adoption of 3D sensors in a multitude of applications such as consumer electronics, healthcare, industrial robots and automotive is the major force driving the 3D sensor market.
Various types of 3D sensors are available in the market for monitoring and detection purposes. However, 3D image sensors remain the top most selling product in the global 3D sensor market. These sensors are being mostly used in automotive, consumer goods, defence and media & entertainment industries.
The rapid technological advancements in gesture recognition, indoor navigation and 3D motion detection is transforming the 3D sensor market. Companies are gradually employing 3D sensors for gesture recognition in user interface.
Adoption of 3D sensors in modern smartphones is becoming a new trend for improving the camera quality. Rising demand for these smartphones will directly push the sales of 3D sensors during the forecast period.
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Rapid growth of consumer electronics industry, growing popularity of 3D sensors in the automotive sector, innovations in sensing technology and rising need for better security & surveillance are some of the major factors driving the 3D senor market.
During the last few years, 3D sensors have gained immense traction on account of their ability to detect the size, shape, and distance of objects within their field of vision. They use technologies like structured light, ultrasound, stereo vision, time of flight technology to recognize the objects in the space and provide accurate data.
3D sensors find their application in various modern day electronic products ranging from cameras, smartphones, and drones to robots. Rising production and sales of these consumer electronic products is set to boost the growth of 3D sensors market in the future.
Growing popularity of autonomous cars coupled with increasing prevalence of automotive accidents is creating growth avenues within the 3D sensor market. These sensors have become essential components for increasing the safety of both drivers and passengers by detecting the people and objects in the vicinity of the car.
Products like 3D image sensors are being integrated in advanced driver assistance systems (ADAS) to provide parking assistance, collision avoidance and lane departing warning.
Subsequently, the advent of virtual reality and augmented reality in the gaming sector is proving a major thrust to the growth of 3D sensor market. These sensors are used to control games and entertainment devices by mere gesture.
In addition to this, growing adoption of 3D sensors in medical imaging solutions and surveillance cameras will further accelerate the growth of 3D sensor market over the assessment period.
Despite increasing penetration of 3D sensors, there are numerous obstacles likely to pose a challenge to market growth.
Factors such as high maintenance costs, lack of manufacturing excellence and limited integration with some devices are emerging as major impediments for the growth of 3D sensor market. 3D sensors are usually expensive. As a result, many electronics manufacturers refrain from integrating them (3D sensors) into cheaper electronic products.
Why is Asia-Pacific Excluding Japan (APEJ) Emerging as an Opportunistic 3D sensor Market?
As per Future Market Insights, Asia pacific Excluding Japan (APEJ) is projected to emerge as the fastest growing market for 3D sensors during the forecast period. Rapid expansion of consumer electronics and automotive industries, growing popularity of 3D sensing technologies in safety and surveillance applications and heavy presence of leading market players are some of the factors boosting the sales of 3D sensors across APEJ region.
Countries such as China and South Korea are becoming hub of consumer electronic products in the world. These countries export a huge volume of consumer electronic products including smartphones and cameras to different regions of the world. This rise in production and sales of consumer electronics is emerging as a key factor fostering the growth of 3D sensors market.
Major companies based in APEJ like Samsung (South Korea), Oppo (China), Xiaomi (China) etc. are continuously integrating 3D sensors in their smartphones to enhance the performance and quality of cameras.
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Currently North America dominates the 3D sensor market and the trend is likely to continue in the future, owing to the growing demand for 3D sensors from consumer electronics and automotive sectors.
Countries such as the United States are witnessing high demand for medical imaging solutions, smartphones and autonomous vehicles. Rising sales of these products is anticipated to ignite the sales of 3D sensors during the forecast period.
3D sensors have become essential components in consumer electronics for the measurement of objects or scenes in 3 dimensions. These sensors are being used in diverse products ranging from security cameras, self-driving vehicles, mobiles etc. Furthermore, increasing usage of 3D sensors in drones and robots is expected to trigger the growth of 3D sensor market in the North American region.
Majority of the manufacturing industries in the region are using 3D sensors to detect faults in the shape and sizes of the produced products. Expansion of these manufacturing industries will further create growth prospects for 3D sensor market in the region.
Some of the key participants present in the global 3D sensor market include Infineon Technologies AG, Cognex Corporation, LMI Technologies Inc., SOFTIKINETIC, Optima S.A., ifm Efector, Inc., Occipital, Inc., ASUSTeK Computer Inc. and Panasonic Corporation among others.
The global 3D sensors market is highly competitive in nature with leading market players constantly upgrading their product portfolios. They are aiming at developing innovative solutions that can even penetrate through sold obstacles like walls.
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| Report Attribute | Details |
|---|---|
| Growth Rate | CAGR of 26.0% from 2022 to 2032 |
| Base Year for Estimation | 2021 |
| Historical Data | 2015 to 2020 |
| Forecast Period | 2022 to 2032 |
| Quantitative Units | Revenue in USD Million, Volume in Kilotons and CAGR from 2022 to 2032 |
| Report Coverage | Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends and Pricing Analysis |
| Segments Covered | Product Type, Technology, Application, Region |
| Regions Covered | North America; Latin America; Western Europe; Eastern Europe; APEJ; Middle East and Africa |
| Key Countries Profiled | USA, Canada, Brazil, Argentina, Germany, UK, France, Spain, Italy, Nordics, BENELUX, Australia & New Zealand, China, India, ASEAN, GCC, South Africa |
| Key Companies Profiled | Infineon Technologies AG; Cognex Corporation; LMI Technologies Inc.; SOFTIKINETIC; Optima S.A.; ifm Efector, Inc.; Occipital, Inc.; ASUSTeK Computer Inc.; Panasonic Corporation |
| Customization | Available Upon Request |
FMI projects the global 3D sensor market to expand at a 26.0% value CAGR by 2032
Asia Pacific Excluding Japan (APEJ) is forecast to grow at the fastest CAGR over the forecast period.
Infineon Technologies AG, Cognex Corporation, LMI Technologies Inc., SOFTIKINETIC, Optima S.A., ifm Efector, Inc., Occipital, Inc., ASUSTeK Computer Inc. and Panasonic Corporation are some prominent 3D sensor manufacturers
1. Executive Summary 2. Market Overview 3. Market Background 4. Global Market Analysis 2017 to 2021 and Forecast, 2022 to 2032 5. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Sensor Type 5.1. Image Sensor 5.2. Position Sensors 5.3. Acoustic Sensors 5.4. Accelerometer Sensors 5.5. Others 6. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Technology 6.1. Stereo Vision 6.2. Structured Light 6.3. Time-of-Flight (ToF) 6.4. Ultrasound 7. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Industry Application 7.1. Consumer Electronics 7.2. Healthcare 7.3. Aerospace and Defense 7.4. Automotive 7.5. Entertainment 7.6. Security and Surveillance 7.7. Industrial Robotics 7.8. Others 8. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Profile Type 8.1. Single Point Profile 8.2. Multi-point Profile 8.3. Line Profile 8.4. Snapshot 9. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Region 9.1. North America 9.2. Latin America 9.3. Europe 9.4. East Asia 9.5. South Asia & Pacific 9.6. MEA 10. North America Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 11. Latin America Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 12. Europe Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 13. East Asia Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 14. South Asia & Pacific Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 15. MEA Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 16. Key Countries Market Analysis 17. Market Structure Analysis 18. Competition Analysis 18.1. Infineon Technologies AG 18.2. Microchip Technology Inc. 18.3. Omnivision Technologies, Inc. 18.4. PMD Technologies AG 18.5. Sony 18.6. Asustek Computer Inc. 18.7. Cognex Corporation 18.8. Ifm Electronic GmbH 18.9. Intel Corporation 18.10. LMI Technologies, Inc. 18.11. Microsoft Corporation 18.12. Occipital, Inc. 18.13. Qualcomm Inc 18.14. PrimeSense 18.15. Cognivue 18.16. Cisco 18.17. Panasonic Corporation 18.18. Vayyar Imaging Ltd. 19. Assumptions & Acronyms Used 20. Research Methodology
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3D Sensor Market
