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3D Sensors Market Anticipated to Garner $57 Billion, Globally, By 2031 at 13% CAGR, Says Allied Market Research
Tuesday, November 1, 2022
Rise in demand for 3D-enabled devices in consumer electronics and surge in the requirements for medical imaging solutions have boosted the growth of the global 3D sensor market.
PORTLAND, Ore., Oct. 24, 2022 /PRNewswire/ -- Allied Market Research recently published a report, titled, "3D Sensor Market By Type (Image Sensor, Accelerometer Sensor, Position Sensor, Others), Technology (Structured Light, Time of Flight, Stereoscopic Vision, Ultrasound, Others), Connectivity (Wireless, Wired), End use (Consumer Electronics, Healthcare, Aerospace & Defense, Automotive, Others): Global Opportunity Analysis and Industry Forecast, 2021-2031". As per the report, the global 3D sensor industry was pegged at $17.6 billion in 2021, and is expected to reach $57 billion by 2031, growing at a CAGR of 13% from 2022 to 2031. The report offers a detailed analysis of changing market trends, top segments, key investment pockets, value chains, regional landscape, and competitive scenario.
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Major Determinants of the Market Growth
Rise in demand for 3D-enabled devices in consumer electronics and surge in the requirements for medical imaging solutions have boosted the growth of the global 3D sensor market. However, complexity of 3D sensors, poor manufacturing, and high maintenance costs hinder the market growth. On the contrary, increased demand from healthcare, automotive, aerospace, and military would open new opportunities in the future.
Report Coverage and Details:
Report Coverage
Details
Forecast Period
2022-2031
Base Year 2021
Market Size in 2021
$17.6 billion
Market Size in 2031
$57 billion
CAGR 13 %
No. of Pages in Report 360
Segments covered Type, Technology, Connectivity, End Use, and Region
Drivers
Rise in consumer electronics demand
Application of 3D sensors in the automotive sector
Opportunities Rising popularity of augmented reality and virtual
reality in video games
Restrains
Lack of product differentiation
Rising maintenance costs
Sectors with little experience in device manufacture
COVID-19 Scenario:
-- The Covid-19 pandemic negatively affected the market due to
unanticipated influence of the pandemic on the market.
-- The strict lockdown regulations and restriction on manufacturing
facilities due to lack of workforce hindered the mass production of 3D
sensors.
-- However, as the world is getting back on track, the demand for 3D
sensors is expected to get back on track.
The Image Sensor segment to showcase the highest CAGR through 2031
By type, the image sensor segment is estimated to register the highest CAGR of 13.4% from 2022 to 2031. In addition, the segment held the largest share in 2021, contributing to more than two-fifths of the global 3D sensor market. These sensors are widely employed in a range of applications, including virtual reality, autonomous navigation, robot guidance, robot computer interface, and biological image analysis, which fuelled the market growth. The report includes analysis of the accelerometer sensor, position sensor, and others.
The Cloud segment to manifest the highest CAGR through 2031
By technology, the stereoscopic vision segment is expected to portray the highest CAGR of 13.6% during the forecast period. Stereoscopic vision sensing has gained popularity as a way of acquiring 3D images. However, the structured light segment held the largest share in 2021, contributing to nearly one-third of the global 3D sensor market, as structured light has been a popular technique for the development of camera-based 3D sensors.
The Predictive Analytics segment dominated the market
By connectivity, the wireless segment held the lion's share in 2021, accounting for nearly three-fifths of the global 3D sensor market. In addition, the segment is estimated to register the highest CAGR of 13.3% during the forecast period. The applicability of wireless in several disciplinary sectors such as target identification, object tracking, and security monitoring, 3D wireless sensor networks (3D-WSN) has piqued the interest of many researchers in recent years. This supplemented the market growth. The report includes analysis of the wired segment also.
The Consumer Electronics segment held the lion's share
By end use, the consumer electronics segment held the largest share in 2021, contributing to nearly one-third of the global 3D sensor market. In addition, the segment is projected to showcase the highest CAGR of 13.5% during the forecast period. In the consumer electronics sector, sensors are frequently employed in products like smartphones, cameras, and many other devices. Consumer-grade sensors provide useful data for security needs, including position tracking, depth sensing, measurement, and gesture & motion tracking. These factors drive the market growth. The report includes analysis of healthcare, aerospace & defense, automotive, others.
North America dominated the market
By region, the global 3D sensor market across North America held the lion's share in 2021, accounting for around one-third of the market, due to rise usage of IoT in smart homes, smart cities, and businesses. However, the market across Asia-Pacific is estimated to register the highest CAGR of 13.3% during the forecast period, owing to expansion of numerous end-use sectors, including as consumer electronics, medical, and automotive.
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Key Market Players
-- pmdtechnologies ag
-- Infineon Technologies AG
-- SAMSUNG
-- LMI TECHNOLOGIES INC.
-- COGNEX CORPORATION
-- Microchip Technology Inc.
-- Occipital, Inc.
-- Qualcomm Technologies, Inc.
-- KEYENCE CORPORATION
-- OmniVision Technologies, Inc.
The report analyzes these key players in the global 3D sensor market. These players have adopted various strategies such as expansion, new product launches, partnerships, and others to increase their market penetration and strengthen their position in the industry. The report is helpful in determining the business performance, operating segments, product portfolio, and developments by every market player.
Key Benefits For Stakeholders:
-- This report provides a quantitative analysis of the 3D sensor market
forecast, segments, estimations, and dynamics of the 3d sensor market
analysis from 2021 to 2031 to identify the prevailing 3D sensor market
opportunity.
-- Market research is offered along with information related to key
drivers, restraints, and opportunities.
-- Porter's five forces analysis highlights the potency of buyers and
suppliers to enable stakeholders make profit-oriented business decisions
and strengthen their supplier-buyer network.
-- In-depth analysis of the 3D sensor market segmentation assists to
determine the prevailing market opportunities.
-- Major countries in each region are mapped according to their revenue
contribution to the global market.
-- Market player positioning facilitates benchmarking and provides a clear
understanding of the present position of the market players along with
the 3D sensor market outlook.
-- The report includes the analysis of the regional as well as global 3d
sensor market trends, key players, market segments, application areas,
and market growth strategies.
-- The report also provides the in depth analysis regarding the 3D sensor
market opportunity over the forecasted timeframe.
3D Sensor Market Key Segments:
By Type:
-- Image Sensor
-- Accelerometer Sensor
-- Position Sensor
-- Others
By Technology:
-- Structured Light
-- Time of Flight
-- Stereoscopic Vision
-- Ultrasound
-- Others
By Connectivity:
-- Wireless
-- Wired
By End Use:
-- Consumer Electronics
-- Healthcare
-- Aerospace & Defense
-- Automotive
-- Others
By Region:
-- North America (U.S., Canada, and Mexico)
-- Europe (Germany, Italy, France, Spain, U.K., Russia, and Rest of
Europe)
-- Asia-Pacific (China, India, Japan, South Korea, and Rest of
Asia-Pacific)
-- LAMEA (Latin America, Middle East and Africa)
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About Us:
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
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SOURCE Allied Market Research
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