The global 3D sensor market is projected to grow at a compound annual growth rate of 27.9 per cent between 2019 and 2026. The factors that are boosting the growth of the global 3D sensor market include the rising demand for 3D-enabled devices in consumer electronics market and the increasing demand for medical imaging solutions. The importance of an image sensor concerns to the critical components of 3D technology, as most of the applications of 3D sensors require 3D imaging.
There are typically three types of image sensors. These include, CMOS 3D, 3D electro-optical, and 3D time-of-flight. With the increasing adoption of smartphones and cameras, the growth of the CMOS 3D sensors market has augmented owing to their use in these devices and also in other consumer electronics. Majority of the upcoming smartphones are expected to have 3D sensors in them.
In the global 3D sensor market, the consumer electronics segment is anticipated to be the largest end-user of 3D sensors by the year 2020. As for the application of 3D sensors in the areas of consumer electronics, mobile phones, wearable electronics, tablet PCs, cameras, and remote controls come into consideration. The global 3D sensor technology is relevant in the consumer electronics market because of the intelligence, reliability, low energy consumption and cheaper cost.
North America has the maximum share of the market in the global 3D sensor market as of 2020. North America has a growing demand for 3D sensors in industrial, automotive, healthcare and security & surveillance industries. Some of its major suppliers and sensor manufacturers in the United States include Cognex Corporation, Microchip Technology Inc., Occipital Inc., Qualcomm Technologies Inc. and so forth.
The 3D sensor market in the Asia Pacific is expected to expand at the highest CAGR during 2020 and 2026. Moreover, the presence of companies manufacturing 3D sensors, like, Sony Corporation (Japan) and ASUSTeK Computers Inc. (Taiwan) continue to provide an impetus to the growth of this region towards the global 3D sensor market.
A recent report on the global 3D sensor market was published by Global Market Estimates Research and Consultants (GME) in March 2020. The report classifies the global 3D sensor market on the basis of several factors. On the basis of type, the market is segmented into image sensors, position sensors and accelerometer sensor. On the basis of technology, the market is segmented into structured light, time of flight, stereoscopic vision, ultrasound and others. On the basis of application, the market is segmented into consumer electronics, industrial automation, robotics, healthcare, entertainment, aerospace & defence, automotive, security & surveillance and others. Lastly, on the basis of region, the market is segmented into North America, Europe, Asia Pacific, Central & South America and Middle East & Africa. The countries covered include: U.S., Mexico, Canada, UK, Italy, Germany, France, Spain, China, India, Australia, Japan, South Korea, Saudi Arabia, UAE, Brazil, and South Africa among others.
The key end-users of the markets are LG, GM, Novartis, and Lockheed Martin among others. Some of the key players operating in the 3D Sensor market are OmniVision Technologies, PMD Technologies, Infineon Technologies, Microchip Technology, Keyence, Cognex Corporation, IFM Electronic, Sony, Samsung, Occipital, Qualcomm, Intel Corporation, LMI Technologies, Finisar Corporation, Microsoft, Sick, ASUSTeK Computer, Leuze Electronic, Panasonic, and Melexis among others.