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3D Sensor Market Size, Industry Outlook Report, Regional Analysis, Application Development, Price Trends, Competitive Market Share & Forecast, 2024 – 2032

  • Report ID: GMI4757

3D Sensor Market Size

3D Sensor Market is anticipated to witness substantial growth during 2024 to 2032, impelled by increasing demand for consumer electronics worldwide. These products are upgraded with new features, such as facial recognition and gesture control, propelling the demand for 3D sensors in the coming years.
 

In June 2022, Metalenz, a pioneering firm in the field of meta-optics, and STMicroelectronics, a prominent player in the global semiconductor industry catering to a diverse range of electronic applications, jointly unveiled the debut of meta-optics devices, VL53L8 direct Time-of-Flight (dToF) sensor.
 

Further, the growing adoption of 3D sensors in gaming appliances to introduce a virtual reality experience to consumers will benefit the 3D sensor industry. There is an increasing demand for gaming consoles that provide a virtual reality platform for players, enhancing the gaming experience.
 

3D Sensor Market Trends

3D sensor industry trends are estimated to be propelled by the surging product usage in healthcare sector. 3D visual representations offer in-depth information on anatomy, delivering accurate solutions that can be implemented in lesser time. Moreover, novel innovations in healthcare 3D sensors would add to the market progression. For example, researchers from Simon Fraser University and Zhejiang University announced developing a low-cost, 3D wearable sweat sensor. This initiative would help medical professionals assess individual’s health.
 

3D Sensor Market Analysis

Based on sensor type, the image sensor segment is expected to grow at notable rate from 2024 to 2032 as these sensors experience wide adoption in biomedical image analysis, robot guidance, robot computer interface, autonomous navigation, and virtual reality, among others. The rising sales of cameras and smartphones has propelled the demand for CMOS 3D image sensors due to their ability to detect size, shape, and distance within their field of vision. The companies are engaged in strategic initiatives to introduce newer versions of CMOS image sensors and other innovations, favoring the segment growth.
 

For example, Gpixel and Lumotive partnered in 2022, to launch a reference design platform comprising CMOS and 3D lidar image sensors. This will enable companies to adopt next-generation 3D image sensors in industrial and mobile applications including autonomous navigation of robots in logistics environments.
 

On the basis of technology, the time-of-flight segment is poised to show considerable growth during 2024 and 2032 as this technology is highly used for 3D modeling by measuring the time taken by the reflected light to travel to the sensor.
 

In terms of application, the industrial segment is predicted to record strong CAGR from 2024 to 2032, given the rising adoption of autonomous industrial robots. As per the International Federation of Robotics, a record of 3 million industrial robots are operating in factories worldwide. These machines can make decisions based on the 3D image stored in their memory without any assistance. Industrial robots reduce the probability of errors; hence, work can be continued for a longer period.
 

North America 3D sensor market size will expand significantly through 2032, owing to rising adoption of IoT in smart homes, smart cities, and industries. As per reliable estimates, nearly 60 million U.S. households are likely to use smart home devices by 2030. The growing inclination for installation of security systems in houses across different North American economies would push the demand for 3D sensors. Additionally, rising investments and supportive ecosystems for IoT businesses are assisting sensor manufacturers to produce more advanced sensors for specific usages, bolstering the regional market share.
 

3D Sensor Market Share

Some of the leading companies operating in the market are:

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

There companies are entering into partnerships and increasing their collective efforts on product development.
 

3D Sensor Industry News

  • In 2022, Samsung announced that the company’s next-gen Galaxy S11 smartphone would feature Qualcomm’s latest advanced 3D Sonic Max fingerprint sensor. The sensor would support up to two fingerprint scans at once.

What Information does this report contain?

Historical data coverage: 2018 to 2023; Growth Projections: 2024 to 2032.
Expert analysis: industry, governing, innovation and technological trends; factors impacting development; drawbacks, SWOT.
6-7 year performance forecasts: major segments covering applications, top products and geographies.
Competitive landscape reporting: market leaders and important players, competencies and capacities of these companies in terms of production as well as sustainability and prospects.
Authors: Suraj Gujar

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