Global 3D Sensor Market Trends Forecast 2024 - 2033
24 May, 2024
The 3D sensor market has experienced exponential growth, rising from $3.43 billion in 2023 to $4.34 billion in 2024, demonstrating a CAGR of 26.6%. This growth is attributed to consumer electronics demand, automotive safety features, medical imaging, industrial automation, security and surveillance, and smart home applications. Continued exponential growth is projected, with the market expected to reach $10.6 billion in 2028, boasting a CAGR of 25.0%. Contributing factors include healthcare innovations, the rise in e-commerce, environmental monitoring, precision agriculture, autonomous vehicles development, and smart cities initiatives, accompanied by major trends like industrial automation and robotics.
Major Driver In The 3D Sensor Market
The 3D sensor market is poised for remarkable growth, fueled by the escalating demand for smartphones equipped with embedded 3D sensors, catering to functionalities such as face recognition, augmented reality, and advanced photography. Anticipated smartphone sales of 154.1 million units in 2022, as projected by the Consumer Technology Association, driven by the widespread adoption of 5G technology, significantly contribute to the burgeoning growth of the 3D sensor market.
Request A Free Sample Of The Global 3D Sensor Market Report3D Sensor Market Competitive Landscape
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
Key 3D Sensor Market Trend
Product innovations are a key trend gaining popularity in the 3D sensors market. Major companies in this market are focusing on developing innovative solutions such as ultrasonic sensors, AI-based sensors, autonomous sensors, and more to strengthen their market position. For instance, in November 2022, STMicroelectronics launched the LSM6DSV16X, an advanced multi-axis IMU with embedded sensor fusion and artificial intelligence (AI). The device features a 6-axis inertial measurement unit (IMU) combining ST's Sensor Fusion Low Power (SFLP) technology with AI and adaptive self-configuration (ASC) for power optimization. The LSM6DSV16X's unique architecture enables complex processing at the edge, ideal for advanced 3D phone mapping, context awareness in laptops and tablets, precise gesture detection for XR headsets, and always-on activity monitoring.
Get The Full Global 3D Sensor Market Report3D Sensor Market Segmentation
The 3d sensor market covered in this report is segmented –
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 Defence, Industrial Robotics, Entertainment, Automotive, Security And Surveillance, Other End-User Industries
By Geography:The regions covered in the 3d sensor market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
North America was the largest region in the 3D sensor market in 2023.
The 3D Sensor Global Market Report 2024 furnishes information about the global 3d sensor market, encompassing details like market size, projections for growth, segmentation across various sectors and regions, and an overview of competitors, including their revenues, profiles, and market shares. Furthermore, the report pinpoints potential opportunities and strategic directions derived from market trends and the strategies adopted by key competitors. The report also offers an assessment of how the COVID-19 pandemic, the Russia-Ukraine conflict, and increasing inflation have affected both global and regional markets, furnishing valuable strategic insights for businesses.