Depth Sensing Market Growth Analysis, Emerging Trends, Opportunities, Sales Revenue,COVID 19 Analysis, Business Strategy, Future Prospects and Industry Outlook 2023
Research Reports
Jan 08, 2021
Market Synopsis
As per the analysis by Market Research Future Reports, the worldwide depth sensing market is estimated to value USD 7.43 Billion, with a CAGR of 11.64% by 2023. The global depth sensing market 2020 is expanding due to the factors like the growing use of depth-sensing technology in gaming applications. The market is augmenting due to increased demand for depth sensors in applications such as virtual reality and augmented reality, face recognition, gesture control. Besides, the growing demand for efficient security and surveillance systems among end-users is also driving the market. Furthermore, increasing depth-sensing techniques in smartphones to allow facial recognition, detection, and authentication are likely to augment the demand for depth sensing during the review period. The players in the depth sensing market include established and emerging companies as well. Companies adopt various strategies to increase their presence. Product portfolio expansion is one of the most important strategies. Besides, extensive research and development is another strategy adopted by companies. The key players also adopted inorganic strategies like partnerships, mergers, joint ventures, and acquisitions of startups to enhance their operations and provide better facilities to the potential customers. However, the requirement of perfect angle for stereo depth sensing and the expensive cost of the depth sensors are some of the factors hindering the expansion of the world depth sensing market in the forthcoming period.
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The breakthrough of COVID-19 is also likely to affect the market. We will provide COVID-19 impact analysis with a report.
Market Segmentation
The global depth sensing market can be segregated into technology, component, vertical, type, and region.
On the basis of technology, the global depth sensing market can be classified into structured light, stereo vision, and time of flight.
On the basis of component, the global depth sensing market can be classified into sensors, camera or lens module, and illuminator.
On the basis of vertical, the global depth sensing market can be classified into industrial, automotive, medical, consumer electronics, and others.
On the basis of type, the global depth sensing market can be classified into active and passive depth sensing.
On the basis of region, the global depth sensing market can be classified into Europe, North America, Asia-Pacific, and the Rest of the World (RoW).
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Regional Analysis
The geographical analysis of Europe, North America, Asia-Pacific, and the Rest of the World (RoW) has been conducted. The global market for depth sensing is likely to expand considerably during the forecast period from 2018 to 2023. As per the analysis, the APAC region leads the global market due to the increasing demand for depth sensing in consumer electronics, which comprises of gaming headsets, tablets, and smartphones. On the other hand, North America is estimated to witness considerable growth during the review period owing to the rising demand for 3D imaging technology, increased proliferation of gaming and video content. The region is propelling due to the fast adoption of 3D sensors. The deployment of 3D sensors is increasing in various end-user verticals such as healthcare, automotive, and aerospace and defense, and automotive.
Key Players
The most significant players of the worldwide depth sensing market are Intel (US), Texas Instruments (US), Infineon Technologies (Germany), Qualcomm (US) Stereolabs (US), Creative Technology (Singapore), Espros Photonics Corporation (Switzerland), pmdtechnologies AG (Germany), Sony Depthsensing Solutions (Belgium), BECOM Bluetechnix GmbH (Austria). Some of the other players are LIPS Corporation (Taiwan), Nerian Vision Technologies (Germany), Aquifi (US), Melexis (Belgium), Vrmagic Holding AG (Germany), Tower Semiconductor (Israel), Occipital (US), PrimeSense (Israel), Sunny Optical Technology (China), ASUSTeK Computer (Taiwan).
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