Albany, NY -- (SBWIRE) -- 09/19/2018 -- Demand for the 3D sensor market is expected to increase owing to its extensive application in the IT, telecommunications, and electronics industries among others. Increasing proliferation of smartphones and rising preference for technological developments in consumer electronic devices will continue to drive the 3D sensor market.  Revenues from the 3D sensor market are estimated to grow to US$ 2556.6 Mn at a CAGR of 7.2% through 2026.These insights have been gleaned from the report titled "3D Sensor Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 – 2026" added recently to the massive repository of Market Research Reports Search Engine (MRRSE).

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The defense, healthcare, aerospace and automotive industries are the largest users in the 3D sensor market primarily for inspection, gesture recognition, building automation, and robotic navigation applications. High installation costs and the complex nature of 3D sensor systems are key constraining factors that are expected to hamper the growth of the 3D sensor market. However, increasing technological advancements, rising demand for electronic devices, and the trend of automation in electronics, is expected to boost the rate of 3D sensor market growth.

A number of key market players are looking to gain competitive benefits with merger, acquisition and partnership strategies. Major market players include Ifm electronic GMBH, Texas Instruments, Intel Corporation, and PMD Technologies AG.

3D Sensor Market: Report Summary

This exhaustive report gives readers accurate analysis & forecast for the regional and global level on the 3D sensor market, in terms of value (US$ Mn) and Volume (Million Units), for the period of forecast 2018 to 2026. An thorough assessment of important market dynamics, and drivers, constraints, opportunities and trends that are key influencing factors on the demand for 3D sensor market have been studied in the report.

A full value chain analysis on the 3D sensor market has been provided, and the utilization of Porter's Five Forces model helps the reader to better understand the competitive situation among key market players. A market attractiveness analysis is incorporated to assess market participants on the terms of their market size, general attractiveness, and growth rate.

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3D Sensor Market: Research Methodology

Extensive primary and secondary research has been used, for extracting authentic and relevant information on the 3D sensor market. This includes detailed face-to-face discussions and telephonic interviews with a variety of key industry experts and opinion leaders to gain greater insight into factors such as market size, market trends, competitive scenario, and growth rates. Primary research forms the major part of the research efforts, which has been supplemented with extensive secondary research.

Leading and emerging market players in the 3D sensor market have been examined, and sources such as press releases, annual reports, SEC filings, investor presentations, and other relevant documents, market reports, government publications, and databases have been studied for analysis on the market's landscape. The research approach and methodologies employed here has been tested to be highly accurate and effective to gain actionable insights on the market data, understanding factors affecting market players and finding previously untapped business opportunities.

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