3D Sensor Global Market Report 2024

“3D Sensor Global Market Report 2024 ” from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on 3d sensor market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

Reasons to Purchase

• Gain a truly global perspective with the most comprehensive report available on this market covering 50+ geographies.
• Understand how the market has been affected by the COVID-19 and how it is responding as the impact of the virus abates.
• Assess the Russia - Ukraine war's impact on agriculture, energy and mineral commodity supply and its direct and indirect impact on the market.
• Measure the impact of high global inflation on market growth.
• Create regional and country strategies on the basis of local data and analysis.
• Identify growth segments for investment.
• Outperform competitors using forecast data and the drivers and trends shaping the market.
• Understand customers based on the latest market shares.
• Benchmark performance against key competitors.
• Suitable for supporting your internal and external presentations with reliable high quality data and analysis
• Report will be updated with the latest data and delivered to you within 3-5 working days of order along with an Excel data sheet for easy data extraction and analysis.
• All data from the report will also be delivered in an excel dashboard format.

Where is the largest and fastest growing market for 3d sensor? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The 3d sensor market global report ” from The Business Research Company answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.

• The market characteristics section of the report defines and explains the market.
• The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
• The forecasts are made after considering the major factors currently impacting the market. These include:

The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.

The impact of higher inflation in many countries and the resulting spike in interest rates.

The continued but declining impact of COVID-19 on supply chains and consumption patterns.

• Market segmentations break down the market into sub markets.
• The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
• The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
• The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.

Scope

Markets Covered:

• 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
• Companies Mentioned: Infineon Technologies AG; Microchip Technology Inc.; OmniVision Technologies Inc.; PMD Technologies AG; Sony Corporation
• Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
• Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
• Time series: Five years historic and ten years forecast.
• Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
• Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
• Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
• Delivery format: PDF, Word and Excel Data Dashboard.

Executive Summary

Three-dimensional (3D) sensors are devices designed to electrically measure length, breadth, and depth, utilizing this information to enhance interactions between humans, technologies, and the surrounding environment. The technology behind 3D sensing allows machines to perceive people and objects in a realistic and tangible manner, achieved through the utilization of near-infrared light reflection, geometric principles, photography, and advanced processing power.

The primary types of 3D sensors encompass image sensors, position sensors, acoustic sensors, accelerometers, and various others. Image sensors are electronic components responsible for converting optical images into electrical signals. Various technologies, including stereo vision, structured light, time of flight, ultrasound, and others, are employed in these sensors. They are interconnected through wired or wireless means and find applications across diverse industries such as consumer electronics, healthcare, aerospace and defense, industrial robotics, entertainment, automotive, security and surveillance, and other end-user domains.

The 3D sensors market research report is one of a series of new reports from The Business Research Company that provides 3D sensors optical components market statistics, including 3D sensors optical components industry global market size, regional shares, competitors with a 3D sensors optical components market share, detailed 3D sensors optical components market segments, market trends and opportunities, and any further data you may need to thrive in the 3D sensors optical components industry. This 3D sensors optical components market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The 3d sensor market size has grown exponentially in recent years. It will grow from $3.43 billion in 2023 to $4.34 billion in 2024 at a compound annual growth rate (CAGR) of 26.6%. The growth observed in the historical period can be attributed to several factors, including the demand for consumer electronics, the integration of 3D sensors in automotive safety features, applications in medical imaging, the implementation of 3D sensing technology in industrial automation, the use of 3D sensors in security and surveillance systems, and their applications in smart home technology.

The 3d sensor market size is expected to see exponential growth in the next few years. It will grow to $10.6 billion in 2028 at a compound annual growth rate (CAGR) of 25.0%. The anticipated growth in the forecast period can be attributed to various factors, including innovations in healthcare, the increasing prevalence of e-commerce, the expansion of 3D sensors in environmental monitoring, precision agriculture applications, the development of autonomous vehicles, and the initiatives related to smart cities. Major trends expected in the forecast period encompass advancements in industrial automation and robotics, progress in lidar technology, the integration of gesture recognition in retail and public spaces, the enhancement of virtual and augmented reality experiences, and the continued development of environmental sensing and mapping technologies.

The burgeoning demand for smartphones is anticipated to be a significant driver of growth in the 3D sensor market. A smartphone, a handheld device integrating computational abilities and various features beyond conventional telephony, operates on an embedded operating system, facilitates online navigation, and runs diverse software programs. Within smartphones, 3D sensors serve numerous purposes, including three-dimensional face recognition, precise augmented reality implementation, improved photo quality via background blur, enhanced autofocus, and calibration. This surge in smartphone usage markedly boosts the demand for 3D sensors. As evidenced by a January 2022 report from the Consumer Technology Association (CTA), smartphone sales are projected to achieve 154.1 million units in 2022, generating $74.7 billion in shipment revenues-an estimated 3% increase from 2021's 149.6 million units. The rise in 5G availability significantly contributes to this uptick, with 5G devices forecasted to constitute 73% of smartphone sales ($61.37 billion in revenue) in the forthcoming year. Hence, the escalating demand for smartphones remains a pivotal driver for the growth of the 3D sensor market.

The surging popularity of augmented reality (AR) stands poised to drive growth within the 3D sensor market. Augmented reality technology involves overlaying computer-generated imagery, objects, or information onto the real-world environment. Crucially, 3D sensors play a fundamental role in augmented reality applications by providing accurate depth information of the physical environment, essential for correctly superimposing digital content onto reality. As per the June 2022 report by the International Data Corporation (IDC), expenditure within the Asia Pacific region on augmented reality and virtual reality (AR/VR) technologies is forecasted to surge by 42.4% to reach $16.6 billion by 2026. Consequently, the burgeoning adoption of augmented reality is a significant catalyst propelling the growth of the 3D sensor market.

Product innovation emerges as a pivotal and popular trend shaping the landscape of the 3D sensor market. Prominent companies operating within this market segment are directing their efforts towards creating pioneering solutions, including ultrasonic sensors, artificial intelligence-based sensors, autonomous sensors, among others, to reinforce their market positions. For instance, in November 2022, STMicroelectronics introduced LSM6DSV16X, an advanced multi-axis Inertial Measurement Unit (IMU) integrated with embedded sensor fusion and artificial intelligence (AI). Featuring a 6-axis IMU leveraging ST's Sensor Fusion Low Power (SFLP) technology combined with AI and adaptive self-configuration (ASC), the LSM6DSV16X enhances power optimization significantly. Its unique architecture enables sophisticated edge processing, rendering it suitable for advanced 3D phone mapping, contextual awareness in laptops and tablets, precise gesture detection for XR headsets, and continuous activity monitoring.

Key players within the 3D sensors market are concentrating on developing cutting-edge technologies, notably 3D ultrasonic echolocation sensors, to establish a competitive advantage. A 3D ultrasonic echolocation sensor operates by utilizing sound waves to gauge distances to objects, constructing a comprehensive 3D map of its immediate surroundings. An example of this innovation occurred in July 2022 when Toposens, a Germany-based manufacturer specializing in 3D sensors, introduced Echo One. This uniquely designed 3D ultrasonic echolocation sensor serves the purpose of enabling mobile robots to effectively identify and evade obstacles within intricate and ever-changing environments. Echo One employs a principle akin to echolocation used by bats, emitting sound waves and subsequently measuring the duration for these waves to reflect off objects before returning to the sensor. This mechanism allows Echo One to generate a 3D representation of its surroundings, functioning adeptly even in low-light or challenging conditions where optical sensors might encounter difficulties. With an expansive field of view reaching up to 180 degrees, Echo One exhibits an extensive capability to perceive a large area surrounding the robot.

In November 2022, Nordson Corporation, a US-based manufacturer renowned for precision dispensing, surface preparation, testing and inspection, and curing equipment, finalized the acquisition of CyberOptics Corporation for a substantial sum of $380 million. This strategic acquisition is anticipated to bolster Nordson's array of offerings within the semiconductor and electronics domains by augmenting its test and inspection platform with distinctive technologies. CyberOptics Corporation, a US-based entity specializing in the development and manufacturing of high-precision 3D optical sensor technology products, stands as the subject of this acquisition.

Major companies operating in the 3d sensor market report are 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, XYZ Interactive Technologies Inc., 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 .

North America was the largest region in the 3D sensor market in 2023. 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

The countries covered in the 3d sensor market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The 3D sensor market consists of sales of infrared (IR) light sources, diffusers, controlling optics, depth cameras, and customized firmware. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.