3D Sensor Market 2018: Global Overview, Key Vendors Analysis, Emerging Technologies, Future Prospects and Industry Growth with 27.69% of CAGR by Forecast 2023

Pune, India -- (SBWire) -- 05/04/2018 --Market Scenario:

Medical imaging is increasingly being used across various medical segments such as radiography, magnetic resonance imaging, nuclear medicine, ultrasound, elastography, photo acoustic imaging, tomography, echocardiography, functional near-infrared spectroscopy, and magnetic particle imaging. Technological developments such as multi detector CT scanners are additionally encouraging the adoption of 3D imaging technologies, among physicians and radiologists, to perform accurate diagnosis and timely treatments. 3D imaging with display systems are increasingly being adopted in ophthalmology due to the increasing number of microsurgeries being performed. 3D imaging is also being adopted in robotics, one of the fast-moving applications. It helps in detecting the position of the object in 3D space.

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Apart from robotics, 3D imaging systems are targeting multiple applications, including object tracking, product profiling, sheet of light applications, time-of-flight applications, and 3D x-ray imaging. Sheet of light is one of the most used 3D imaging technologies implemented in electronics manufacturing. In this type, there is projection of a laser beam from a camera, which produces the profile of a moving object. As the object continues to move, the camera continues to capture multiple profiles. With the help of these profiles, an object is reconstructed, with a unique profile. Additionally, the security and defense sector is considerably benefitting from 3D imaging, primarily in facial identification, simulation, and target detection. Also, 3D imaging is increasingly being implemented in various other applications, and is opening new possibilities for inspection of applications and various other purposes.

However, increase in the use of 3D sensing technology in gaming applications and surging need for security and surveillance as well as growing demand for the 3D enabled devices in consumer electronics are expected to foster the 3D level sensor over the forecast period. On the other hand, high cost of maintenance and complex process to integrate the devices is expected to be hinder the growth of 3D sensor market over the review period 2017-2023.

The global 3D Sensor Market has valued at USD 980.3 million in 2016 and presumed to grow at approx. USD 5.49 Billion by 2023, at 27.69% CAGR between 2017 and 2023.

Key Players

The prominent players in 3D sensor market are – Qualcomm, Inc. (U.S), Cognex Corporation (U.S), Microsoft Corporation (U.S), ASUSTek Computer Inc, (Taiwan), Intel Corporation (U.S), Infineon Technology (Germany), Microchip Technology (Chandler, Arizona), Occipital, Inc. (U.S), LMI Technologies (Canada), PMD Technologies AG (Germany).

The 3D sensor market is segmented into sensor type, technology and by application.

The technology is further classified into projected-light sensors, stereo vision, time-of-flight sensors and ultrasound. Projected-light sensors work on a principle of concentrating a narrow beam of light to capture a 3D image. Stereo vision is the most popular form of 3D sensor technology and works analogous to 3D sensing in human vision. Whereas, time-of-flight sensors focus on resolving distance based on the known speed of light. Whereas, ultrasound sensors are popular among the robotic applications. Stereovision is presumed to be gain the large market share and reach to USD 2.14 billion by the end of the forecast period. The major drawback of stereovision is the ability to record a single part of object per part. Moreover, the time-of-flight sensor is expected to have a significant growth over the review period. This is attributed to the features of time-of flight which offers simple, efficient and ideally suited to apply in real time application due to its technical advantage. Also, time of flight provides blur free images without motion distortion, light weight and able to be used in the adverse weather conditions such as rain and fog.

3D sensing can be achieved by implementing various technologies. 3D sensing is increasingly being adopted across different applications which include consumer lifestyle, automotive, security and industrial. 3D sensors are being implemented for eye tracking, gesture recognition, 3D video conferencing, facial recognition, distracted driver detection, touchless dashboard control, vehicle access control, automatic door opener, secured banking, security scanning, object detection, gesture recognition, collision warning, content generation for 3D printing and many more. However, increased use in 3D sensing technology in gaming technologies and surging awareness and demand for security and surveillance is expected to foster the 3D sensor market over the forecast period.

Further, the market for types of sensors is segmented into acoustic sensor, accelerometer sensor, image sensors and others.

Various types of sensors are implemented across different applications including consumer electronics, industrial, automotive, logistics, aerospace and defense, healthcare and others. Improvised visualization techniques are evolving day by day which has the positive impact on 3D enabled devices such as 3D media players, 3D gaming consoles, 3D portable devices, 3D TV displays, 3D desktop PCs and notebooks and many more. Increasing availability of 3D content to view on TV displays and computers is further responsible for upsurge in the demand for 3D enabled devices. Furthermore, increased implementation of 3D sensing technology in automotive and control functions are expected to drive the market over the forecast period.

On the other hand, high installation cost of technology and complex process and procedures for the integration of devices with different peripherals devices are expected to hinder the growth of the 3D sensor market.

Regional Analysis:

The 3D sensor market is growing with the positive growth in all the regions. Increasing demand for 3D imaging across all the segments and growing need for security and surveillance and advancement in technology is driving the market on global scale. On the basis of region, the market has been segmented into North America, Europe, Asia-Pacific and Rest of the World.

North America is dominating the global 3D sensor market share this is due presence of large number of 3D sensor providers associated with technical experts. The U.S and Canada are the leading countries in the North American region. Additionally, followed by Asia Pacific which stands as the second biggest in terms of revenue of 3D sensor market. This is attributed to increase in the adoption of 3D sensors across the industrial verticals like gaming, medical and consumer electronics. China, Japan and India are presumed to be the leading regions of Asia Pacific region. Europe stands as third largest of the region due technological advancement in the field of artificial intelligence. Germany, France and U.K are the presumed to be leading regions in the European region.

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Intended Audience:

- Technology Investors
- Research/Consultancy Firms
- 3D sensor providers and distributors
- End users of 3D sensors and products
- Original equipment manufacturers (OEMs)
- Product manufacturers and suppliers
- Research organizations and consulting companies
- Semiconductor and component vendors
- Government agencies

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