According to the new market research report on the "Depth Sensing Market
by Component, Type, Technology (Stereo Vision, Structured Light,
Time-of-Flight), Vertical (Automotive, Building Automation, Consumer
Electronics, Industrial and Medical) and Geography - Global Forecast to
2023", this market is expected to grow from USD 4.40 Billion in
2018 to USD 7.72 Billion by 2023, at a CAGR of 11.89% between 2018
and 2023. The major factors driving the growth of the depth sensing
market include the growing smartphone market, increasing adoption of
dual-camera smartphones, rising use of depth sensing technology in AR-VR
gaming applications, and increasing requirement of security and
surveillance systems.
• Informational PDF Brochure :-https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=257333189
The
report also profiles the most promising players in this market. The
competitive landscape of the market presents an interesting picture
where a large number of players have become a force to reckon with.
Texas Instruments (US), Infineon Technologies (Germany), Qualcomm (US),
Occipital (US), Stereolabs (US), Creative (Singapore), pmdtechnologies
(Germany), Sony Depthsensing Solutions (Belgium), BECOM BLUETECHNIX
(Austria), Intel (US), Melexis (Belgium), Tower semiconductor (Israel),
Vrmagic (Germany), Aquifi (US), Nerian Vision Technologies (Germany),
Espros (Switzerland), Sunny Optical Technology (China), PrimeSense
(Israel), ASUSTeK Computer (Taiwan), and LIPS Corporation (Taiwan) are
the key players in this market.
Browse 65 market data Tables and 35 Figures spread through 118 Pages and in-depth TOC on "Depth Sensing Market - Global Forecast to 2023"
Browse 65 market data Tables and 35 Figures spread through 118 Pages and in-depth TOC on "Depth Sensing Market - Global Forecast to 2023"
Camera/lens module to hold largest market size by 2023
Camera/lens
module is likely to propel the depth sensing market growth owing to the
increasing demand for better quality images and applications such as
face recognition, gesture control, and gaming.
Market for time-of-flight technology to grow at highest CAGR during 2018–2023
The
depth sensing market for time-of-flight technology is likely to grow at
the highest CAGR during the forecast period. The growth of the depth
sensing market for time-of-flight technology can be attributed to the
low power consumption, accurate depth data, and relatively simple
software and hardware requirements.
Consumer electronics vertical to hold larger share of depth sensing market by 2023
Consumer
electronics vertical is expected to contribute significantly to the
depth sensing market. Owing to the increasing demand for applications
such as face recognition, gesture control, AR-VR, and scanning. Depth
sensing applications such as AR-VR gaming, infrastructure 3D model, and
navigation mainly require 3D scanning or environmental scanning. To meet
the demands of these applications, the market for scanning applications
is expected to increase during the forecast period. For example,
Creative (US) offers BlasterX Senz3D; this module is used for 3D
scanning applications
Depth sensing market in APAC to grow at highest CAGR during 2018–2023
The
market in APAC is expected to grow at the highest CAGR during the
forecast period. APAC is the largest- and fastest-growing market
because more than 95% of the demand for depth sensing is from consumer
electronics applications, which includes smartphones and tablets,
laptops, and gaming headsets.
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