3D Sensor Market - Snapshot

The sensor industry is witnessing substantial technological advancements across IT & telecommunication and electronics industry. Developments in electronics industry that saw the introduction of an upgraded 3D sensor has changed the way services are being delivered in the sensor business. Rise in demand for smartphones and increased requirement for improving performance of electronic devices is driving the growth of the 3D sensor market. Such sensors find a number of applications in different industry verticals such as consumer electronics, healthcare, industrial robotics, automotive, and security and surveillance. The market for 3D sensors is forecast to reach US$ 2,556.6 Mn by 2026 from US$ 1,292.2 Mn in 2016, recording a CAGR of 7.2%.

The 3D sensor market has seen demand traction due to rising demand for smartphones, with consumer electronics holding the largest share. One of the most important features in mobile communications is to unlock the mobile by 3D face recognition as a replacement of fingerprint or PIN. Making authentication more convenient and more secure, it may soon become indispensable for mobile payment applications and mobile ID. Healthcare, automotive, and aerospace & defense are the leading verticals in terms of adopting 3D imaging which provides a number of advantages for inspection applications. These are some drivers that are expected to drive the 3D sensor market during the forecast period.

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Further, 3D imaging has seen quick and extensive adoption in the industrial sector. Smart image sensors and other industrial developments continue to expand the abilities of 3D imaging for industrial applications. With the growing demand for gesture exploration application, 3D sensors play an significant role in improving the performance and effectiveness of a huge complex system in sectors such as electronics and automotive. From robotic navigation to building automation and gesture recognition, 3D sensors allow for determined elasticity to customize every feature of a camera's design to make the most appropriate product.

However, 3D sensors face a challenge due to higher cost of installation. 3D imaging systems certainly provide more information than 2D systems, but they are a lot more complicated in nature. The main problem with 3D essentially is calibration and getting measurements to some calibrated standard that generally requires much more information than a planar calibration. The generation of 3D data with 2D cameras usually involves combining several 2D cameras for creating a single 3D image and this requires more precise illumination when compared to taking a single 2D image. Moreover, the cost of 3D imaging systems is another barrier and these systems do not cater to the price-sensitive markets. Thus, the technical difficulties and high cost involved while producing 3D images are the major impediments to the widespread adoption of these systems.

Attracted by this expanding market and underlying demand, several players are expanding their business through strategic mergers & acquisitions and partnerships with several industries. Apple announced 3D sensing equipment in iPhone X, and the company paid about US$ 390 million to Finisar, its VCSEL supplier. Some of the prominent players identified in the 3D sensor market includes - Infineon Technologies, Omnivision Technologies, Occipital, Inc., PMD Technologies AG, Microchip Technology, Cognex Corporation, Intel Corporation, Ifm electronic GMBH, LMI Technology, and Texas Instruments. Companies are focusing on expanding their business through strategic acquisitions and partnerships with several end-use industries.

3D Sensor Market: Overview

This comprehensive report by Transparency Market Research analyzes the 3D sensor market at the global and regional level. The report provides analysis over the period 2016–2026, wherein 2018 to 2026 is the forecast period and the base year is 2017. An in-depth and unbiased market assessment has been made to offer readers in-depth and accurate analysis. The report emphasizes on all the major trends and services playing a key role in the growth of the 3D sensor market during 2018 - 2026. It also focuses on market drivers, restraining factors, and opportunities of the 3D sensor market during the said period. The study provides a complete perspective about the 3D sensor market’s growth throughout the research study in terms of value (in US$ Mn and million units) across various geographies, including Asia Pacific, South America, North America, Middle East & Africa (MEA), and Europe.

The report includes detailed value chain analysis, which is focused on providing a widespread view of the global 3D sensor market. Porter’s Five Forces analysis is also provided to understand the competitive scenario in the market. The study incorporates market attractiveness analysis, wherein the market segments for type, technology, and end-use are benchmarked based on their market size, growth rate, and attractiveness in terms of opportunity. In order to give a complete analysis of the overall competitive scenario in the 3D sensor market, every geographic region mentioned in the report is provided with attractiveness analysis.

A market overview chapter in the report explains the market trends and dynamics that include the restraining factors, drivers, and opportunities for the current and future 3D sensor market. A market outlook analysis has also been provided globally in the report. Additionally, the report also provides analysis of different business strategies being adopted by market leaders of 3D sensors. Market introduction chapter assists in gaining an idea of different trends and services related to 3D sensors along with their devices.

Global 3D sensor Market: Scope of the Report

The study provides a decisive view on the global 3D sensor market, by segmenting the market on the basis of type, technology, and end-use. The report provides detailed breakdown of the 3D sensor market region-wise and categorizes it at various levels, thus providing valuable insights at micro and macro levels.

The report further highlights the competitive scenario within the 3D sensor market, thus ranking all the major players according to the key recent developments and their geographic presence. The insights for the 3D sensor market are the result of our extensive primary interviews, secondary research, and in-house expert panel reviews. These market estimates have been analyzed by considering the impact of different economic, political, social, legal, and technological factors.

On the basis of country, the North America market is bifurcated into Mexico, the U.S., and Rest of North America. Furthermore, the Europe market is analyzed across Italy, France, Germany, and Rest of Europe. The 3D sensor market in APAC is also segmented at country level which includes China, Japan, India, and Rest of Asia Pacific. Middle East & Africa region covers the GCC, South Africa, and Rest of Middle East & Africa. Similarly, South America region includes Brazil and Rest of South America. This report provides all the strategic information required to understand the 3D sensor market along with its devices and end-use. Also, the report provides insights related to the components and different end-use according to the various geographical regions mentioned above.

Global 3D Sensor Market: Research Methodology

The research methodology is a perfect combination of primary research, secondary research, and expert panel reviews. Secondary sources include annual reports, company websites, SEC filings and investor presentations, national government documents, internal and external proprietary databases, statistical databases, relevant patent and regulatory databases, market reports, government publications, statistical databases, etc.

Primary research involves telephonic interviews, e-mail interactions, and face-to-face interviews for detailed and unbiased reviews on the 3D sensor market, across geographies. Primary interviews are usually conducted on an ongoing basis with industry experts and participants in order to get latest market insights and validate the existing data and analysis. Primary interviews offer new and fresh information on important factors such as market trends, market size, competitive landscape, growth trends, etc. These factors help to validate and strengthen secondary research findings. Moreover, the data collected and analyzed from secondary and primary research is again discussed and examined by our expert panel.

Global 3D Sensor Market: Competitive Dynamics

The research study includes profiles of leading companies operating in the global 3D sensor market. Market players have been profiled in terms of attributes such as company overview, financial overview, business strategies, and recent developments. Key players in the 3D sensor market includes - Infenon Technologies, Omnivision Technologies, Occipital, Inc., PMD Technologies AG, Microchip Technology, Cognex Corporation, Intel Corporation, Ifm electronic GMBH, LMI Technology, NXP Semiconductors, and Texas Instruments. Companies are focusing on expanding their business through strategic acquisitions and partnerships with several end-use industries.

The 3D sensor market has been segmented as follows:

Global 3D sensor Market

By Type

  • Image Sensor
  • Position Sensor
  • Acoustic Sensor
  • Proximity Sensor
  • Others

By Technology

  • Stereo Vision
  • Time-Of-Flight
  • Structured Sensor
  • Infrared Sensor Technology
  • Hall Technology

By End-use

  • Consumer Electronics
  • Healthcare
  • Aerospace & Defense
  • Automotive
  • Industrial Robotics
  • Security & Surveillance
  • Media & Entertainment
  • Others

By Geography

  • North America
    • U.S.
    • Canada
    • Rest of North America
  • Europe
    • U.K
    • Germany
    • France
    • Rest of Europe
  • Asia Pacific
    • Japan
    • India
    • China
    • Rest of APAC
  • Middle East & Africa (MEA)
    • GCC
    • South Africa
    • Rest of Middle East & Africa
  • South America
    • Brazil
    • Rest of South America
.