Industrial Automation Magazine India

3D Sensor Market to grow $10 Bn worldwide

Published on : Saturday 07-03-2020

$10 billion worldwide 3D Sensor Market to 2025 – Increased demand for medical imaging solutions drives growth.

Dublin, March 2020 – The ‘3D Sensor Market by Type, (Images Sensor, Position Sensor, Acoustic Sensor, Accelerometers), End-Users, Technology, (Stereo Vision, Structured Light, Time-of-Flight, Ultrasound, and Others), Connectivity, and Region – Global Forecast to 2025’ report has been added to ResearchAndMarkets.com’s offering.

The global 3D sensor market size is projected to grow from USD 2.9 billion in 2020 to USD 10.0 billion by 2025, at a CAGR of 27.9%.

Rising demand for 3D-enabled devices in consumer electronics and increased demand for medical imaging solutions are the key factors driving the growth of the 3D sensor industry.

Image sensor to hold the largest size of the 3D sensor market during the forecast period

The market for image sensor type is expected to hold the largest size during the forecast period. There are three types of image sensors – CMOS 3D, 3D electro-optical, and 3D time-of-flight. The increasing adoption of smartphones and cameras has enabled the growth of the CMOS 3D sensors market owing to their use in these devices as well as other consumer electronics. Many upcoming smartphones are expected to have 3D sensors in them.

Time-of-flight technology-based 3D sensors are expected to hold the largest share of the market in 2020. 3D sensors based on the time-of-flight technology are used in 3D modeling and mapping by illuminating the target area with modulated infrared light. This technology involves measuring the time taken by the light to travel to the target and returning to the sensor.

North America would dominate the 3D sensor industry in 2020. The rising demand for 3D sensors in consumer electronics, industrial, automotive, healthcare, and security & surveillance end-use industries is expected to support the market growth in North America. The presence of prominent system suppliers and sensor manufacturers make North America one of the most potential markets for 3D sensors.

In the process of determining and verifying the market size for several segments and sub-segments gathered through secondary research, extensive primary interviews have been conducted with key industry experts in the 3D sensor market space.