3D Sensors are a collection of key technologies and components which enable and expand the range of myriad products across industries. They primarily engage in building and improving the Human Machine Interface (HMI) component of the existing products. Gesture recognition, facial and object detection, rapid automation, safety and security are some of the upcoming areas enabled exclusively due to the availability of 3D sensors and systems to various product OEMs and ODMs. A recent report from IndustryARC on 3D Sensors estimates that the market generated revenue of $2.5 billion in 2014 and is estimated to grow to $9.5 billion by 2020.
The increased demand for 3D Sensors in Consumer electronics and Automobile is forecast to drive the market primarily. Customer demand for these devices has led to the entry of leading electronics and semiconductor companies including Texas Instruments (U.S) and Apple (U.S) by developing new products or through acquisitions.
The Americas and Europe regions are currently the top markets in 2014. However APAC region is poised to grow at the highest CAGR by 2020. The significant growth in APAC region is due to growing economies leading to increased adoption of 3D sensors by manufacturing industries.
The 3D Sensor Market has also been segmented based on type of technology:
- Ultrasound sensing
- Camera based recognition 3D
- Infrared sensing
- Electric field sensing
- MEMS sensors.
In 2014, MEMS sensors segment accounts for the largest market shareHowever this technology usage will decrease as it utilizes high power when compared to other technologies, thereby leading to lower consumer demand. Camera based 3D technology usage will increase due to high customer demand for gesture technology and motion tracking.
3D Sensor market is further segmented based on end use industry into Consumer electronics, automobile, industrial automation, home automation and robotics. Consumer electronics is the largest market with $800m revenue in 2014, followed by automobile segment. Consumer electronics is projected to exhibit high growth and become the leading market by 2020. Automobile industry is forecast to exhibit the same growth as consumer electronics, according to the report by IndustryARC, due to the increased applications as well as declining prices resulting in growing demand.
The top 5 companies in terms of revenue operating in the 3D Sensor market:
- Pmd technologies (Germany)
- Microchip (U.S)
- Intel (U.S)
- Qualcomm (U.S)
They account for around 65% of the total market size. The 3D Sensor companies have looked to product launches and agreements to improve their market position. Companies are focusing on agreements and partnerships to utilize a wide distribution network to improve sales of products. For instance,pmd technologies announced a partnership with Invensense, a 3D Sensor solution provider to launch a 3D Camera for consumer and automobile applications. New product launches have been undertaken in order to improvethe functionalities of the product.
The growth of 3D Sensor market can also be attributed to the improved accuracy as well as growing applications for the 3D Sensor systems. The increased customer demand for gesture technology is set to drive the 3D Sensor market.
- 3D Sensors Market Analysis: Sensing Technology (Interactive Displays, Capacitive, Infrared, Ultrasonic, Electric Field, Image Sensor, MEMS); Verticals (Consumer Electronics, Automotive, Robotics, Industrial Automation) – Forecast (2015 – 2020) http://industryarc.com/Report/244/global-3D-sensor-market-analysis-report.html
IndustryARC is a research and consulting firm that publishes more than 500 reports annually in various industries, such as Agriculture, Automotive, Automation & Instrumentation, Chemicals and Materials, Energy and Power, Electronics, Food & Beverages, Information Technology, Life sciences & Healthcare.
IndustryARC primarily focuses on Cutting Edge Technologies and Newer Applications of the Market. Our Custom Research Services are designed to provide insights on the constant flux in the global demand-supply gap of markets. Our strong analyst team enables us to meet the client research needs at a very quick speed with a variety of options for your business.
We look forward to support the client to be able to better address customer needs; stay ahead in the market; become the top competitor and get real-time recommendations on business strategies and deals. Contact us to find out how we can help you today.
For More Details Contact:
Mr. Sanjay Matthews