3D Sensor - Rising applications of 3D sensors in games, consumer electronics and increasing necessity of security & surveillance systems are driving the market
According to Stratistics MRC, the “Global 3D Sensor market” is estimated to be $1.9 billion in 2015 and is expected to reach $5.4 billion by 2022 growing at a CAGR of 23.2% from 2015-2022. Rising applications of 3D sensors in games and consumer electronics and increasing necessity of security and surveillance systems are driving the market. However, high maintenance cost, high power consumption will challenge the market growth.
By Technology, the global 3D Sensor Market is segmented by structured light, ultrasound, time-of-flight and stereo vision. The 3D sensors market for the time-of-flight technology is expected to grow at the highest rate during the forecast period. The main factor driving the growth of this market is the time of flight sensors that provides much higher frame rate compared to other sensor technologies. However, they provide a lower z-resolution (approximately 1 to 2 cm) compared to other 3D sensors. The features such as compactness and ease of use along with high accuracy and frame rate have helped this market grow.
Global 3D Sensor Market is categorized by type into temperature sensors, accelerometer sensors, position sensors, image sensors, acoustic sensors and other types. Image sensor segment accounted for the largest share of the global 3D Sensor market and expected to witness high growth rate during the period of forecast.
By Application, the global 3D Sensor market is segregated into industrial robotics, security & surveillance, aerospace & defense, healthcare, consumer electronics and other applications. Consumer electronics application is expected to grow at the highest rate during the forecast period. This is mainly because of the high adoption rate of 3D sensors in consumer electronics. The presence of additional features such as virtual reality and motion detection in the gaming sector has boosted the growth of this market. Continuous product development with innovation in consumer electronics has increased the demand for 3D sensors.
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This report also covers trends driving each segment and offers analysis by geography, with key regions such as North America, Europe, Asia Pacific and Rest of the World. North America commanded the largest market revenue owing to the growing demand for effective and efficient processing in terms of three-dimensional imaging. Increasing focus of companies to implement 3D sensors in various applications and ongoing research & development has enabled the growth of the North American 3D sensors market. The implementation of 3D sensors helps in improving the understanding and the working process in various applications such as healthcare, aerospace and defense and automotive.
Asia Pacific is expected to witness steady growth over the forecast period due to the demand for technologically advanced devices is increasing in Asia Pacific and also the adoption rate of 3D sensors is high in consumer electronics, manufacturing industries, and entertainment sectors, which supports the growth of 3D sensors in this region.
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Some of the key players in the global 3D Sensor Market Asustek Computer Inc., LMI Technologies, Inc., Occipital, Inc., Infineon Technologies AG, Cognex Corporation, Microsoft Corporation, Qualcomm Inc, Microchip Technology Inc., Ifm Electronic GmbH, Omnivision Technologies, Inc., SoftKinetic-Optrima S.A., Intel Corporation, PMD Technologies AG, Panasonic Corporation and PrimeSense.
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