Global 3D Sensors Market Analysis & Trends - Industry Forecast to 2028

Global 3D Sensors Market Analysis & Trends - Industry Forecast to 2028

  • July 2021 •
  • 157 pages •
  • Report ID: 3621945 •
  • Format: PDF
3D Sensors: Market Size

From $2.85 billion in 2020, the global 3D Sensors market is projected to reach $17.99 billion by 2028. Based on our analysis the market is expected to grow at a CAGR of 25.9% from 2020 - 2028 timeframe. Some of the prominent trends that the market is witnessing include the growing penetration of 3D depth sensors in various devices, increased demand for virtual reality in gaming consoles, and rising requirement of security and surveillance systems.

Global 3D Sensors Market: Market Dynamics

3D sensors are being adopted in consumer electronics, industrial manufacturing for precision manufacturing and in the medical device manufacturing industry. The increasing demand for improved visual effects has led to the introduction of different 3D-enabled devices in the consumer electronics industry. The factors driving the market growth are the increased demand for 3D sensors in imaging applications across different industry verticals, rising use of 3D sensing technology in virtual reality, and gaming, and rising demand for 3D enabled devices in consumer electronics such as smartphones, and tablets. The 3D sensors are also used by artists, engineers, and architects for designing a 3D model-based out of 2D data.

On the other hand, the high maintenance & restoration cost of 3D sensor technology are likely to obstruct the profit boundaries. Moreover, 3D sensors are implemented for 3D sensing for automotive control functions & logistics. Although various vital players are consistently investing in research & development of 3D sensing, the increased demand for 3D sensors in mixed reality and depth-sensing technology is creating an opportunity for 3D sensors.

Impact of COVID-19 on 3D Sensors

Various industries like automation, manufacturing and consumer electronics have been hit hard with closings and delaying of capacity at production plants, warehouses, and mines across the globe. 3D sensors companies are revising strategies to arise stronger in the post-COVID pandemic scenario. After facing series of challenges such as supply chain disruption, demand fluctuations, other pressing concerns during the pandemic, companies are revising their strategies by modifying the composition of product portfolios, investing in capital expenditures, R&D strategies, mergers and acquisitions, and other growth strategies.

By End User

Healthcare/Medical Devices Segment Dominate the Market in 2020

The healthcare/medical devices segment made huge revenue in 2020 and growing its prominence during the forecast period as the usage of 3D sensors in the healthcare industry has given a new dimension to the monitoring and analysis of a person’s health and overall diagnosis. The3D sensors are employed in the healthcare industry to view the inner layers of skin, tumor, and veins.

By Geography

North America Region is Leading in the Global Market Place

North America is likely to have a huge demand in the forecast period due to the great demand coming from the consumer electronics and automotive sectors, which have been employing 3D sensors for multiple applications and presence of primary key players which are continuously innovating the technology of 3D sensors.

List of the Key Players Profiled in the Market Include:

• Sony
• Infineon Technologies
• LMI Technologies
• Qualcomm
• PMD Technologies
• Intel Corporation
• Omnivision Technologies
• Microsoft
• Samsung
• IFM Electronic
• Microchip Technology
• Panasonic
• Leuze Electronic
• Keyence
• Occipital
• Finisar Corporation
• Cognex Corporation
• ASUSTeK Computer
• Sick
• Melexis

List of the Regions/Countries Profiled in the Market Include:

North America
• US
• Canada
• Mexico
Europe
• Germany
• U.K
• Italy
• France
• Spain
• Rest of Europe
Asia Pacific
• China
• Japan
• India
• Australia
• New Zealand
• Rest of Asia Pacific
Middle East
• Saudi Arabia
• UAE
• Rest of Middle East
Latin America
• Argentina
• Brazil
• Rest of Latin America
Rest of the World (RoW)
• South Africa
• Others