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Global 3D Sensor Market to Reach $300M by 2026
August 30, 2018 | PRNewswireEstimated reading time: 1 minute
According to Stratistics MRC, the Global 3D Sensor Market is accounted for $1365.4 million in 2017 and is expected to reach $299.6 million by 2026 growing at a CAGR of 9.1% during the forecast period. Factors such as increasing use of 3D sensing technology, innovation into sensor technology due to constant R&D activity and growing need of advanced security and surveillance camera are driving the market growth. However, high costs of maintenance and lack of product differentiation are some of the factors hampering the market growth.
Three dimensional sensors are depth sensing devices which aims at connecting the devices with the real world by using projected light and a camera system. 3D sensors have a wide function in modern life. This ranges from cameras to drones and robots. These sensors transmit data with a high speed, consume less power and are transferable. The 3D sensor technology has major role in development of semiconductor industry because of its attractive features such as cost effectiveness, greater reliability and high efficiency.
Based on application, Consumer electronics has acquired the significant growth during the forecast period. Factors such as huge adoption rate of 3D sensors in consumer electronics and presence of extra features such as virtual reality gaming and augmented reality games are driving the market growth. By Technology, time-of-flight segment has a considerable growth in the market due to it provides higher frame rate compared to other sensor technologies. Based on geography, North America is anticipated to be the largest market during the forecast period due to presence of leading manufacturers of 3D imaging technology-based device.
Some of the key players profiled in the 3D Sensor Market include Intel Corporation, Microsoft Corporation, Panasonic Corporation, Sony Corporation, Samsung Electronics, Microchip Technology Inc., Cognex Corporation, LMI Technologies, Eyesight Tech, PMD Technologies AG, Asustek Computer Inc., IFM Electronic, Infineon Technologies AG, Occipital, Inc., Omnivision Technologies, Inc., Qualcomm Inc, Texas Instruments, Pointgrab, Leap Motion, Movea SA and Gesturetek.
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