3D Sensor Market Growth Drivers, Trends, Demand and Global Forecast to 2027 | Impact of COVID-19
Research Reports
Mar 16, 2022
The 3D Sensor Market is growing rapidly, witnessing the rising demand across major industries. 3D sensors have revolutionized various industrial processes, demonstrating significant adaptability. With the rising uptake of 3D sensors in rapidly developing industries, such as healthcare, automotive, aerospace, and electronics, the market is projected to garner vast traction in the next few years.
Global 3D Sensor Market – Competitive Analysis
The 3D sensor market appears highly competitive due to the presence of several well-established players. Industry players adopt strategies like mergers & acquisitions, collaborations, expansion, and new technologies/product launches to gain a larger competitive share. These players also make substantial investments to drive R&D to develop new products & technologies and expand their global footprints.
Major Players:
Players leading the global 3D sensor market include Microsoft Corporation, Sony Corporation, Intel Corporation, STMicroelectronics, Qualcomm Technologies Inc., Texas Instruments, Infineon Technologies AG, Microchip Technology Inc., AsusTek Computers Inc., Finisar Corporation, AMS AG, SICK AG, Occipital Inc., Cognex Corporation, and Xovis AG, among others.
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According to Market Research Future (MRFR), the global 3D sensor market is estimated to reach a significant valuation by 2027, growing at a colossal CAGR during the forecast period (2020–2027). Additionally, rising R&D funds from public-private sectors in developing 3D sensing technology are major market trends.
Conversely, the lack of expertise is a major factor impeding the growth of the market. Nevertheless, the advent of virtual reality and augmented reality would support the market growth throughout the assessment period.
Global 3D Sensor Market – Segmentation
The 3D sensor market forecast is segmented into types, technologies, end-users, and regions. The type segment is sub-segmented into acoustic sensors, accelerometers, image sensors, and others. The technology segment is sub-segmented into projected light/structured light, stereo vision, time-of-flight, and ultrasound.
The end-user segment is sub-segmented into industrial, automotive, logistics, aerospace & defense, consumer electronics, healthcare & medical devices, and others. The region segment is sub-segmented into Americas, Europe, Asia Pacific, and the Rest-of-the-World.
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Global 3D Sensor Market – Geographical Analysis
Asia Pacific region has continually been dominating the global 3D sensor market. The largest market share is attributed to the rise in 3D sensor applications in gaming, medical device manufacturing, consumer electronics, and automobiles. Besides, the strong presence of notable industry players and the augmenting demand for 3D sensors in the region boost the market size. Vast investments in various verticals, such as civil & architecture, media & entertainment, medical, and industrial manufacturing, boost the region’s 3D sensor market size.
Industry/ Innovation/ Related News
Sept. 07, 2021 — LX Semicon, a fabless semiconductor provider, announced its collaboration with Microsoft to leverage its Time of Flight 3D sensing technology to lead innovation for Industry 4.0. Microsoft 3D sensing technology is a next-generation solution across industries, starting with IoT and autonomous mobile robots.
LX Semicon is aggressively investing in high-quality R&D resources and innovative technologies to address the Industry 4.0 needs. The company collaborated with Microsoft and developed 3D sensing solutions for new IoT, logistics, and automobiles applications.
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