3D Sensor Market by Type (Image Sensor, Accelerometer Sensor, Position Sensor, and Others), Technology (Structured Light, Time of Flight, Stereoscopic Vision, Ultrasound, and Others), Connectivity (Wireless and Wired), and End Use (Consumer Electronics, Healthcare, Aerospace & Defense, Automotive, and Others): Global Opportunity Analysis and Industry Forecast, 2022-2031

SE : Sensors and Controls

RA00089

Pages: 250

Dec 2022

Global 3D Sensor Market Analysis

The global 3D sensor market size was $17,607.9 million in 2021 and is predicted to grow with a CAGR of 13.0%, by generating revenue of $56,992.3 million by 2031.

Global 3D Sensor Market Synopsis

Significant 3D sensor market growth drivers include an increase in demand for 3D sensors in consumer electronics and an increase in the usage of 3D sensors in the automotive industry. 3D sensor technology is one of the active technologies that are suitable for a variety of sectors such as automotive, healthcare, consumer electronics, manufacturing, and others. Recent technological advancements in consumer electronics include 3D sensors to offer 4K and Ultra HD vision in TVs and PCs, as well as mapping, augmented reality, and enhanced biometric detection in mobile phones. Such advancements are projected to propel the global 3D sensor industry in the future. Furthermore, the automobile industry is incorporating 3D sensor technology in sophisticated systems to continually monitor vehicle behavior and to provide high-quality comfort and safety to the driver. This factor is projected to boost the global 3D sensor market expansion during the forecast years.

3D sensors are witnessing lucrative market potential from the industrial sector owing to an increase in the use of autonomous robots. For creating an accurate 3D blueprint of the workplace, these robotic devices are dependent on the installed electronic systems and the underlying software. Using the 3D image, these robotic devices and machines are capable of making task-related judgments on their own. High work productivity and overall performance efficiency of industrial processes are provided by the integration of AI and ML algorithms with 3D sensors. These factors are predicted to support the market expansion during the forecast period.

3D sensors are considered to have development potential in the medical industry. Modern radiography, which helps to offer 3D visualization and a good picture of bones and blood vessels, is more likely to be used by medical experts. 2D representations offered by current technologies cannot accurately reflect the human body. In-depth knowledge of anatomy can be presented through 3D visual representations, allowing for quicker implementation of the right solutions. For instance, even before entering the operating theatre, a surgeon can determine the essential procedures with the help of 3D images of a patient.

According to regional analysis, the Asia-Pacific 3D sensor market size is expected to have the fastest growth during the forecast period. China is one of the major countries with a dense network of the consumer electronics market. It exports a large volume of consumer electronic devices, such as smartphones and cameras, to various parts of the globe. An increase in consumer electronics manufacturing and sales is likely to drive the global 3D sensor market share growth.

3D Sensor Overview

The application of 3D sensor technology in various electronic devices such as robots, cameras, and drones has increased in the past few years. These sensors communicate data at high speeds, use less power, and are portable. Stereo vision, structured light, time of flight, and ultrasound are all technologies integrated with 3D sensors. Pressure sensors, image sensors, temperature sensors, and proximity sensors are among the several product categories with 3D sensors technology which are majorly used in the automotive and oil & gas industries.

COVID-19 Impact on the Global 3D Sensor Market

The global 3D sensor market trend had significant growth before COVID-19, but due to the unexpected COVID-19 impact on the 3D sensor market, the industry is expected to experience further growth, owing to an increase in demand for 3D consumer electronics. Furthermore, the market experienced a major shift in product availability since Chinese manufacturers had entirely shut down their product development operations. Also, the world had entirely shut down its operations and activities during the COVID-19 pandemic to contain the spread of the virus. Various industries, including automation, manufacturing, and electronics, were majorly impacted by decreased production capacity and delays at manufacturing facilities, warehouses, and mines globally.

Increase in the Use of Smart Devices and Rise in Demand for Electronics are Driving the 3D Sensor Market Growth

Industries using 3D sensors are growing rapidly, including those using mobile and IoT technology. Smart sensors have data collecting, conversion, analysis, and even decision-making capabilities. The actuator is turned on and starts working when the sensor senses and communicates data. After receiving the signal, the actuator decides what action it wants to take to react to its surroundings. An intelligent sensor is a sensor system that can sense, gather, autonomously assess, examine, and interpret data from its surrounding environment. Multi-component integrated circuits called ‘smart sensors’ have the ability to collect, process, exchange, store, and transmit information. They are components that incorporate drivers, interfaces, microprocessors, sensors, communication modules, and software algorithms at the system level.

To know more about global 3D sensor market drivers, get in touch with our analysts here.

Cost of Sensors is a Key Restraining Factor to the Growth of the 3D Sensor Market

3D sensors are more expensive than cameras, especially when long-range 3D sensors are used. In addition, processing 3D data necessitates greater computing power, and the initial calibration process for 3D sensors is more difficult than for cameras. 3D sensors may be hampered due to exposure to sunlight. All these factors are predicted to hamper the 3D sensor market growth in the coming years.

Increase in Demand for Better Vision and Virtual Reality in Gaming Sector to provide a Substantial Investment Opportunities for the Key Players in the Market

The global 3D sensor market share growth has observed rapid expansion due to the increase in popularity of augmented reality and virtual reality in video games. In addition, the adoption of 3D sensors in electronics, such as PCs, 3D TV displays, and others has resulted owing to the increase in demand for improved visual effects among people, which is expected to further accelerate the market growth in the coming years. The 3D sensor market players are shifting their attention to successful partnerships, acquisitions, and joint venture operations to expand their respective client bases. The market players are also expanding their supply capabilities to meet client demands on a local and global basis. These factors are anticipated to create several growth opportunities for the major players operating in the market.

To know more about global 3D sensor market opportunities, get in touch with our analysts here.

Global 3D Sensor Market, by Type

By type, the market is divided into image sensor, accelerometer sensor, position sensor, and others. Among these, the image sensor segment accounted for the highest market share in 2021, whereas the position sensor segment is estimated to witness the fastest growth during the forecast period.