Hyderabad, India -- (SBWIRE) -- 08/02/2018 -- In the Report "3D Sensor Technology: Sensing Technology (Interactive Displays, Capacitive, Infrared, Ultrasonic, Electric Field, Image Sensor, MEMS); Verticals (Consumer Electronics, Automotive, Robotics, Industrial Automation) - Forecast (2018 - 2023)" published by IndustryARC, the market continues to develop with innovation in consumer electronics which has boosted the demand sensing technology.
America and Europe dominating with major share in the Coil 3D Sensors Market
Americas and Europe are the dominant markets, having a market size of $1.82 million and $1.72 million in 2018. These regions are projected to exhibit a high growth of 25% through 2023, to reach $5.64 billion and $5.49 billion respectively. The APAC region is projected to grow at 31% through 2020 to reach $7.16 billion. Asia-Pacific is projected to be the biggest market through 2023 with the highest volume growth. High adoption in consumer electronics market and automation industry is set to propel the market. The growing utilization of 3D image sensing and gesture technologies in this market are responsible for this growth. Hence, industrial automation in the Asia-Pacific region will also be a driver for 3D sensors market.
Selected Technology Type Analysis done in the full Report:
The 3D sensor market is classified based on technology into nine types. Among all, MEMS accounted for the highest revenue of $1628.57 million in 2018. But in the forecast years, MEMS are predicted to achieve a very low growth rate of 5%, due to power consumption and difficulty to integrate that serves to be the main reasons that obstruct the growth of MEMS.
Consumer electronics accounted for highest revenue in interactive displays. It accounted for $416.55 million and is forecast to achieve 28% growth in it by 2023. Increased use of TV's wearable devices is the main growth drivers to achieve this growth.
Ultrasonic sensor has a huge demand in industrial applications, due to its nature to measure the internal temperature distribution. Asia-Pacific will witness the major growth rate of 46% in revenue for this by 2023. 3D image sensors are used in crime scene investigation, such as photograph stitching, virtual reality and photogrammetry. Increased use of surveillance cameras is the main reason for this growth. These above mentioned key technologies are set to propel the 3D sensor's market revenue in different applications.
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Key players of the 3D Sensors Market
Top companies in the 3D sensors market are Intel, Microchip, Qualcomm, Pmd Technologies, Softkinetic. All these companies held a combined share of 65% in the market. Pmd Technologies is the market leader in the 3D sensor market as it launched new products with innovative features. Technologies launched include CamBoard Pico, CamBoard nano, Colibri Gesture suite, Touch pads and Touch screens, Temperature sensor, Sense id, etc.
Companies Cited / Interviewed
1.Movea SA.
2.Omnivision Technologies
3.Pointgrab
4.Reactrix
5.Samsung
6.Sony Corp
7.Texas Instruments
8.Cognivue Corp
9.Cross Match Technologies Inc
10.Elliptic Laboratories AS
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