You’ve probably heard of the term 3D sensors before. How much do you really know about them? What are they used for? If you’re interested in the details of 3D sensors, then this article is for you.
3D sensors are devices that are used to get a sense of depth by augmenting camera capabilities. 3D sensors are slowly but surely changing the way our world works. The technology is very futuristic looking and very exciting in object and facial recognition. The question is, will this technology ever rule the world?
The global 3D sensors market is estimated to cross $11.64 billion by 2027. This shows promising 3d sensor market growth in the upcoming years. Let’s take a look at some of the major segments and drivers that are likely to assist the 3D sensors industry in ruling the world.
Popular Applications of 3D sensors
Automotive and Transportation
3D sensors in automotive and transportation are designed to assist drivers and other passengers in parking and driving functions. They provide essential information to the driver with a warning sign to reduce accidents and damage to vehicles. 3D sensors are playing a crucial role in preventing the injuries and deaths of people while making the driving and parking job easy.
Several sensors are being used in the vehicles such as electromagnetic, ultrasonic etc. through which the driver can determine the obstacles while driving. 3D sensors with the assistance of parking sensors greatly reduce the driving challenges of vehicles on unfamiliar terrains or surroundings. The rise of 3D sensors are also likely to assist the growth of Parking Sensor market in the forecast period.
Industrial Automation & Robotics
3d sensors are actively used in industrial automation and robotics to collect extensive information needed for the effective functioning of the robots. Through 3D sensors, the robots can easily feel, see and understand their surroundings. Map creation, navigation, motion tracking, object detection and surface inspection etc. are some of the commonly used applications of 3D sensors in industrial automation.
COVID-19 has hugely contributed to the advances in the healthcare industry and more people are now investing in telemedicine and healthcare. 3d sensors are being used by medical professionals to diagnose and treat patients, automatic monitoring, detection of potential diseases etc. In fact, healthcare is one of the most influential sectors of the 3D technology sensing market for efficiently managing the health crisis. Apart from the 3D sensors, the Printed Sensor market will also improve the standard procedure and treatments in Healthcare.
As per IndustryARC, the consumer electronics segment is expected to lead the 3D sensing technology market with a CAGR of 30.56% in the forecast period 2022-2027. Numerous factors are expected to drive this growth such as increasing use of IR sensors, low power consumption features, in-depth sensing in photography, biometric scanning, facial recognition technologies in electronic products like mobiles etc.
Apart from these, there are other useful applications of 3D sensors in various industries such as defence, aerospace, agriculture etc. that can further assist the 3D sensor market growth.
Major Drivers of Growth
The 3D sensor industry is driven by several factors which will also keep driving the market in upcoming years. Some of these are as follows:
- Increasing penetration of 3D Image sensors in automotives is positively impacting the market. In addition, rise in the number of electric vehicles and increasing governmental pressure toward the safety of passengers are the major growth drivers in the automotive and transportation industry.
- Consumer spending was low in the last few years but with the economic recovery in sight, demand for consumer electronics is slowly picking pace. 3D functionalities in mobile and related devices will drive the market growth in future.
- Various factors such as improving safety, enhancing performance, offering greater flexibility, lowering the costs of different robotic functionalities and processes etc. will drive the growth of the 3D sensors market in robotics and industrial automation.
- Increasing demand for enhanced virtual and vision reality in gaming will also drive the market in upcoming time. In addition, technologies such as artificial intelligence, machine learning, Internet of Things etc. are also major driving forces. These technologies will also help the Sensor Optical Materials market in gaining the required growth and sustainability.
The 3D sensor market is growing at an unprecedented pace and it has the potential to rule the world not wholly but partially. Rising investment in R&D, new technological advancements, increasing consumer spending etc. are and will be the driving forces for this market in the forecast period. However, global conflicts across nations and rising costs of raw materials can pose a threat to the market. But, new innovations and technologies such as AI, ML, IoT etc. will prevent the negative impact on the market.
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