How Has the 3D Sensor Market Evolved Historically and What is its Current Size?
The 3d sensor market has seen considerable growth due to a variety of factors.
• In the past few years, the market size for 3D sensors has seen a dramatic increase. It is projected to escalate from $4.28 billion in 2024 to $5.38 billion in 2025, indicating a compound annual growth rate (CAGR) of 25.8%. Factors such as demand for consumer electronics, innovative automotive safety features, advances in medical imaging, industrial automation, security and surveillance, as well as smart home applications have largely contributed to the growth experienced in the historical period.
What is the Forecasted Market Size and CAGR for the 3D Sensor Market?
The 3D Sensor market is expected to maintain its strong growth trajectory in upcoming years.
• In the upcoming years, the 3D sensor market is projected to experience a surge in growth, eventually reaching a market size of $12.84 billion by 2029 with a Compound Annual Growth Rate (CAGR) of 24.3%.
This growth during the forecast period is due to factors such as healthcare advancements, growing e-commerce industry, environmental surveillance, precision farming, autonomous vehicle evolution, and smart city projects. Key trends predicted for this period encompass industrial mechanization and robotics, advancements in lidar technology, the application of gesture recognition in retail and public areas, virtual and augmented reality advancements, and environmental sensing and mapping.
What Key Factors and Trends Are Driving The Growth 3D Sensor Market?
The growth of the 3D sensor market is likely to be driven by the escalating demand for smartphones. A smartphone encompasses a built-in computer system in addition to other functionalities not typically seen in traditional phones. It comes with an operable system, provides internet access, and has the ability to run software applications. Within smartphones, 3D sensors find their use in an array of applications such as face recognition using 3D data, enhanced augmented reality, improved background blur for photos, better autofocus accuracy, and calibration. Consequently, the rise in smartphone usage is amplifying the demand for 3D sensors. An example is a report released by the Consumer Technology Association (CTA), a trade association of consumer technology companies based in the US. In January 2022, the report projected that smartphone sales would surge to 154.1 million units in 2022, garnering a revenue of $74.7 billion. This represents a 3% increase from the 149.6 million units sold in 2021. The proliferation of 5G technology is a significant catalyst for this trend, with 5G-enabled devices expected to make up 73% of smartphone sales, generating a revenue of $61.37 billion in the ensuing year. Therefore, it can be discerned that the burgeoning demand for smartphones is fueling the expansion of the 3D sensor market.
What Are The Market Segments In The 3D Sensor Market?
The 3D sensor market covered in this report is segmented –
1) By Type: Image Sensors, Position Sensors, Acoustic Sensors, Accelerometers, Other Types
2) By Technology: Stereo Vision, Structured Light, Time Of Flight, Ultrasound, Other Technologies
3) By Connectivity: Wireless, Wired
4) By End-Use Industry: Consumer Electronics, Healthcare, Aerospace And Defense, Industrial Robotics, Entertainment, Automotive, Security And Surveillance, Other End-User Industries
Subsegments:
1) By Image Sensors: Time-Of-Flight (ToF) Sensors, Stereo Vision Sensors, Structured Light Sensors
2) By Position Sensors: Optical Position Sensors, Magnetic Position Sensors
3) By Acoustic Sensors: Ultrasonic Sensors, Other Acoustic Sensing Technologies
4) By Accelerometers: MEMS Accelerometers, Capacitive Accelerometers
5) By Other Types: Lidar Sensors, Radar Sensors, Hybrid Sensors
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What Trends Are Shaping The 3D Sensor Market?
A major trend in the 3D sensors market is product innovativeness. Large corporations in this space are concentrating on generating cutting-edge solutions, including ultrasonic sensors, sensors based on artificial intelligence, autonomous sensors, and more, to consolidate their market position. For instance, in November 2022, STMicroelectronics revealed LSM6DSV16X, an advanced multi-axis IMU embedded with sensor fusion and AI capabilities. The device, featuring a 6-axis inertial measurement unit (IMU) that merges ST's Sensor Fusion Low Power (SFLP) technology with AI and adaptive-self-configuration (ASC), optimizes power usage even better. The distinctive architecture of LSM6DSV16X empowers complex edge processing, making it ideal for superior 3D phone mapping, context sensitivity in laptops and tablets, reliable and precise gesture recognition for XR headsets, and always-on activity tracking.
Who Are the Key Players In The 3D Sensor Market?
Major companies operating in the 3D sensor market include:
• Infineon Technologies AG
• Microchip Technology Inc.
• OmniVision Technologies Inc.
• PMD Technologies AG
• Sony Corporation
• Keyence Corporation
• Cognex Corporation
• IFM Electronic GmbH
• Intel Corporation
• LMI Technologies Inc.
• Samsung Electronics Co. Ltd.
• Occipital Inc.
• Qualcomm Inc.
• Sick AG
• ASUSTeK Computer Inc.
• Finisar Corporation
• Microsoft Corporation
• Panasonic Holdings Corporation
• Leuze Electronic Pvt. Ltd.
• Softkinetic Systems S.A.
• Texas Instruments Incorporated
• STMicroelectronics NV
• AMS AG
• Teledyne DALSA Inc.
• Velodyne Lidar Inc.
• Quanergy Systems Inc.
• FARO Technologies Inc.
• KandaoVR Inc.
• Mantis Vision Ltd.
• Orbbec 3D Technology International Inc.
• Stereolabs Inc.
• Vayyar Imaging Ltd.
• Zivid AS
• Photoneo s.r.o.
• Luminar Technologies Inc.
• RealWear Inc.
• Xsens B.V.
• Creaform Inc.
What Are The Regional Insights Into The 3D Sensor Market?
North America was the largest region in the 3D sensor market in 2024. Asia-Pacific is expected to be the fastest-growing region in the 3D sensor market report during the forecast period. The regions covered in the 3d sensor market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
