The $ 9.4 Billion 3D Sensors Market by 2026 – Exclusive Report from MarketsandMarkets ™
CHICAGO, August 5, 2021 / PRNewswire / – According to New Market Research Report “3D Sensors with COVID-19 Impact Market, By Type (Image Sensors, Position Sensors), Technology (Time of Flight, Structured Light), End Use Industry (Consumer Electronics, Industrial Robotics, Automotive) and Region , global forecasts until 2026 “, published by MarketsandMarkets ™, the market size for 3D sensors is estimated at $ 2.7 billion in 2021 and should reach $ 9.4 billion by 2026; it is expected to grow at a CAGR of 28.1% from 2021 to 2026. Factors such as the increasing penetration of 3D depth sensors in various devices and the increased demand for virtual reality in game consoles are expected to provide opportunities for the growth of the market. Marlet.
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The 3D sensors market includes major Tier I and II players like Infineon Technologies AG (Germany), OmniVision Technologies, Inc. (United States), Sony Corporation (Japan), Cognex Corporation (United States), Lumentum Operations LLC (United States) and others. These players have a strong presence in the 3D sensors market in various countries in North America, Europe, APAC and RoW.
Growing demand for consumer electronics compatible with 3D sensing
Initially, the application of 3D sensors was mainly limited to the gaming sector; However, with new technological advancements and R&D, the fields of application of 3D sensors have increased. Currently, 3D sensors are implemented on laptops, smartphones and various electronic gadgets. This can be attributed to the growing consumer demand for advanced features in smartphones and other electronic gadgets.
Type of 3D image sensor is expected to grow at the highest rate during the forecast period
In the consumer electronics industry, 3D image sensors are increasingly used in digital cameras, camera modules, and other imaging devices. Companies such as Apple Inc. (US), Google Inc. (US) and Microsoft Corporation (US) are integrating 3D image sensors into smartphones, tablets, laptops and other devices. In 2018, Huawei (China), a leading smartphone maker, introduced a new smartphone, Honor Magic 2, with a 3D camera and graphene heat pipe. In 2020, Apple released the iPhone 12 Pro with ToF 3D sensor. In March 2019, Samsung has launched a new smartphone model, the S10, with the Qualcomms 3D Sonic fingerprint sensor, also present in its next-generation smartphone. These developments in smartphones are expected to boost the 3D sensors market during the forecast period.
The consumer electronics end-use industry will hold the largest market size of the 3D sensors market during the forecast period
The consumer electronics end-use industry is expected to hold the highest market share between 2021 and 2026. Biometric scanning and other advanced 3D sensing technologies are redefining the world of consumer electronics. 3D sensing plays an important role in consumer electronics, such as facial recognition in smartphones, laptops and tablets; high performance depth detection in photography; and AR / VR applications in game consoles. Microsoft Kinect, packed with game recognition capabilities, has transformed the home gaming industry with advancements like multiplayer 3D position detection, facial expression detection, and non-contact heart rate monitoring. Intelligence, reliability, low power consumption and low cost are the driving forces behind the integration of 3D sensing technology into consumer electronics.
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3D sensors market in North America hold the highest market share during the forecast period
North America is expected to dominate the global 3D sensor market. The market growth in this region can be attributed to the presence of key consumer electronics manufacturers with high adoption rate of new technologies. Another factor driving the 3D sensor market in this region is the growth of the consumer electronics industry. The presence of key sensor manufacturers such as Intel, Lumentum, Cognex Corporation and OmniVision Technologies is driving the market across the United States. Companies such as Google, Microsoft and Apple are investing in 3D sensing technologies in consumer electronics and robotics applications. These factors have contributed to the huge growth of the 3D sensors market in North America.
Infineon Technologies AG (Germany), OmniVision Technologies, Inc. (United States), Sony Corporation (Japan), Cognex Corporation (United States), Lumentum Operations LLC (United States), ifm electronic gmbh (Germany), Intel Corporation (United States), KEYENCE CORPORATION. (Japan), LMI Technologies inc. (Canada), Microchip Technology Inc. (United States), II-VI Incorporated (United States), AIRY3D (Canada), ASUSTeK Computer Inc. (Taiwan), CronAI (UK), Leuze electronic GmbH + Co. KG (Germany), Mantis Vision Ltd. (Israel), Melexis SA (Belgium), Microsoft (United States), Occipital, Inc. (United States), Orbbec 3D (United States), Panasonic Corporation (Japan), Qualcomm Technologies, Inc. (United States), Quanergy Systems, Inc. (United States), Samsung (South Korea) and SICK AG (Germany) are one of the many players in the 3D sensor market.
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