The major factors driving the growth of the 3D sensors market include
the rising demand for 3D enabled devices in consumer electronics, integration
of the optical and electronic components, the use of sensing technology in
gaming applications, and the growing requirement for security &
surveillance systems.
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“Time-of-flight to hold a major share of the overall 3D sensors market during the forecast period”
“Time-of-flight to hold a major share of the overall 3D sensors market during the forecast period”
The 3D
sensors market for the time-of-flight technology is expected to grow at the
highest rate during the forecast period. The main factor driving the growth of
this market is the time of flight sensors that provides much higher frame rate
compared to other sensor technologies. However, they provide a lower
z-resolution (approximately 1 to 2 cm) compared to other 3D sensors. The
features such as compactness and ease of use along with high accuracy and frame
rate have helped this market grow.
Key Target Audience
Key Target Audience
- 3D
sensor providers and distributors
- End
users of 3D sensors and products
- Original
equipment manufacturers (OEMs)
- Product
manufacturers and suppliers
- Research
organizations and consulting companies
- Semiconductor
and component vendors
- Technology
investors
“Consumer electronics application to exhibit highest growth rate by
2022”
The market
for the consumer electronics application is expected to grow at the highest
rate during the forecast period. This is mainly because of the high adoption
rate of 3D sensors in consumer electronics. The presence of additional features
such as virtual reality and motion detection in the gaming sector has boosted the
growth of this market. Continuous product development with innovation in
consumer electronics has increased the demand for 3D sensors.
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The major
companies that develop 3D sensors include ASUSTeK Computer Inc. (Taiwan),
Cognex Corporation (U.S.), Infineon Technologies AG (Germany), Intel
Corporation (U.S.), IFM Electronic GmbH (Germany), LMI Technologies, Inc. (Canada),
Microchip Technology Inc. (U.S.), Microsoft Corporation (U.S.), Occipital, Inc.
(U.S.), OmniVision Technologies, Inc. (U.S.), PMD Technologies AG (Germany),
Qualcomm Technologies, Inc. (U.S.), and SoftKinetic (Belgium).
“North America to be the largest
market for 3D sensors during the forecast period”
3D sensors
are increasingly being adopted in North America, owing to the growing demand
for effective and efficient processing in terms of three-dimensional imaging.
Increasing focus of companies to implement 3D sensors in various applications
and ongoing research & development have enabled the growth of the North
American 3D sensors market. The implementation of 3D sensors helps in improving
the understanding and the working process in various applications such as
healthcare, aerospace and defense and automotive, where in-depth knowledge is
of utmost importance.
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