Pune, India -- (SBWIRE) -- 06/11/2019 -- The global 3D sensor market to gain from Increasing adoption of digitalization. Recently Fortune Business Insights announced publishing of a report, titled "3D Sensors Market Size, Share and Global Trend by Technology (Ultrasound, Structured Light, Time of Flight, Stereo Vision), Type (Acoustic Sensor, CMOS 3D Image Sensor, Accelerometer Sensor, Image Sensor, Position Sensor), Applications (Consumer Electronics, Surveillance & Security, Entertainment, Automotive, Defense, Industrial Robotics, Healthcare) and Geography Forecast till 2025."

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As per the report, in 2017 North America held a major share in the global market. The region is anticipated to witness impressive growth during the forecast period 2018-2025. Owing to the high presence of key 3D sensor developers in nations such as Canada and the U.S., the region is experiencing rapid technological advancements. This is also expected to fuel the demand for 3D sensor technology and apps.

Additionally, in 2018 Apple Inc. launched IPhone XS and XR enabled with smart 3D camera and Human Machine Interaction sensor. Such product launches will subsequently propel growth of the market. Furthermore, recent technological upgrades in the 3D technology are likely to boost the global 3D sensor market. Asia Pacific is expected to progress at a relatively higher CAGR over the forecast period. Rapid adoption of smart technology enabled with 3D advancements such as phone, TV, and watch is expected to contribute towards the Asia Pacific 3D sensor market expansion.

"Key developers are expected to emphasize on integrating internet of things (IoT) and Artificial Intelligence (AI) with 3D apps and technology. This in turn is likely to fuel the demand for 3D sensors," said a lead analyst at Fortune Business Insights.

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Internet of Things (IoT) integration in 3D Sensor to Propel Growth

Increasing adoption of 3D sensor in security and surveillance activities and remarkable technological upgrades in the 3D sensor by developers are a few factors anticipated to drive the global market. Moreover, integration of 3D sensor in home automation devices such as lights and appliances is also expected to propel the growth in the market.

According to a report published by the International Telecommunication Union the investments in the Artificial Intelligence is foreseen to increase to 13 Tn by 2030. Further AI integration with 3D sensor will change the whole scenario positively in the global market.

On the flip side, high cost associated with 3D sensor and slow digitalization in several developing and undeveloped nations are some factors expected to hamper the growth in the global 3D sensor market.

Key Players Partnered Together to Gain Strong Brand Presence

The global 3D sensor market is a progressive market and is expected to witness remarkable growth over the forecast period. Key market players are adopting innovative strategies to gain higher share in the market. Several firms have partnered together to strengthen their market position. For instance, Ningbo Sunny Opotech and PMD Technologies AG, partnered in 2018 to gain a diverse product portfolio and a strong brand presence. Together the organizations have captured a huge market share for 3D camera sensing solution. This is also expected to propel the growth rate in the global market.

Some of the organizations operating in the global 3D sensor market are

Infineon Technologies,
Occipital, Inc.,
PMD Technologies AG,
Microchip Technology,
Ningbo Sunny Opotech,
Samsung Group,
Cognex Corporation,
Intel Corporation,
If electronic GMBH,
Apple Inc.,
OmniVision Technologies,
LMI Technology, and
Texas Instruments.

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