3D Sensor Market size is anticipated to witness healthy growth during 2023 to 2032, impelled by increasing demand for consumer electronics products worldwide. These products are upgraded with new technological features, such as facial recognition and gesture control, propelling the demand for 3D sensors in the coming years.
The growing adoption of 3D sensors in gaming appliances to introduce a virtual reality experience to consumers will benefit the 3D sensor market. There is an increasing demand for gaming consoles that provide a virtual reality platform for players, enhancing the gaming experience.
The market growth is likely to be challenged by factors such as lack of product differentiation, increased maintenance cost, and industries with limited expertise in the manufacturing of devices. High cost of 3D sensor production would further impede the market expansion.
Based on sensor type, the 3D sensor market from image sensor segment is expected to grow at notable rate through 2032. The sensors are experiencing wide adoption in biomedical image analysis, robot guidance, robot computer interface, autonomous navigation, and virtual reality, among others. The rising adoption of cameras and smartphones has propelled the adoption of CMOS 3D image sensors due to their ability to detect size, shape, and distance within their field of vision. Various companies are engaged in strategic initiatives to introduce newer versions of CMOS image sensors and other innovations.
For example, Gpixel and Lumotive partnered in 2022, to launch a reference design platform comprising CMOS and 3D lidar image sensors. The revelation enables 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 3D sensor market from Time-of-Flight segment is poised to show considerable growth during the forecast timeline. 3D sensors make use of Time-of-Flight technology for 3D modeling by measuring the time taken by the reflected light to travel to the sensor.
In terms of the application spectrum, 3D sensors are experiencing lucrative opportunities from the industrial automation sector, 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.
Furthermore, the integration of Artificial Intelligence (AI) and Machine Learning (ML) algorithms with 3D sensors further accelerates productivity and overall performance efficiency of industrial processes. These above-mentioned factors will contribute to market growth.
Regionally, North America holds a significant market share in the 3D sensor market 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 need 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, driving its market share in the region.
Some of the leading companies operating in the 3D sensor 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, and Melexis. companies are entering into partnerships and increasing their collective efforts on product development.
Citing an instance, 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.
3D sensor market trends are estimated to be propelled by the surging product usage in healthcare sector by 2032. 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.
The 3D sensor market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue in USD from 2018 to 2032, for the following segments:
Market, By Sensor Type:
Market, By Technology:
Market, By Industry:
The above information has been provided for the following regions and countries: