3D Sensors Market Worth USD 9.5 Billion by 2020

Americas and Europe account for the highest market share in Global 3D sensors market, owing to the increased usage of the 3D sensors in the automotive industry, followed by the increasing rate of adoption of Internet of Things (IoT) across various devices.
Camera based 3D recognition sensors are the fastest growing market as because the sensors using this technology consume very less power and are widely used in gesture recognition applications. Tablet PCs and laptops are expected to be the top growing consumer electronics product segments using gesture recognition in the next 5 years.

According to market research report “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)”, published by IndustryARC, the global 3D sensors market is projected to grow to $9.5 billion at 25.5% CAGR till 2020.

Browse 83 Market Tables, 30 Figures spread through 180 Pages and an in-depth TOC on “3D Sensors Market

A 3D Sensor is a device which takes the three-dimensional measurement of an object with the help of projected light patterns and a camera system. These sensors support different kinds of applications across the varied industries and are widely deployed across operations such as three dimensional image sensing, gesture recognition and motion tracking. The various limitations of 2D sensors have been successfully overcome by the 3D sensing technologies and are being used as a smart interface between the device and the user. These sensors have high speed of data transmission, consume less power and are portable in nature. The accelerating demand of the 3D sensors across various end-user applications, owing to their user-friendly accessibility, has propelled the market for 3D sensors.

The 3D Sensors market generated revenue of $2.5 billion in 2014. This market is estimated to grow at a high rate by 2020 to reach $9.5 billion. The 3D Sensors market growth is projected due to strong growth in the consumer electronics, automation and automotive sectors as well as declining prices leading to increased adoption.

The3D Sensors market can be segmented based on the technology, interactive displays, image sensors, camera based 3D recognition, capacitive sensors, infrared sensors, electric field and ultrasonic sensors. In 2014, Active MEMS segment accounts for the largest share. The Interactive displays and camera based 3D recognition segments are projected to grow due to development of new applications with this technology.  The improving technology and demand from the consumer electronics and automotive industries are the major drivers for this segment.

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The Americas market is the biggest market in 2014 followed by Europe. However APAC region is poised to grow at a highest CAGR due to growing economy leading to high adoption of gesture recognition and motion tracking applications in consumer electronics, automotive and automation industries. The growing demands and declining prices of 3D sensors in this region are also set to propel the market.

The 3D Sensors market can be further segmented based on the end user industries, consumer electronics, industry automation, automotive, medical industry, robotics, defense and aerospace. Among these, consumer electronics is the largest market with $800 million revenue in 2014 followed by automation and automotive industries. Consumer electronics and medical devices are forecasted to exhibit the fastest growth, according to the report by IndustryARC, due to the growing use for gesture recognition.

The 3D Sensors market has been segmented based on consumer electronics, into smartphones, gaming devices, laptops, televisions, tablet PCs, set top boxes, home automation and wearable devices. In 2014, the Smartphone’s market held 23% of the market share in total consumer electronics market, due to customer demand for gesture recognition and fingerprint sensing. The home automation is the fastest growing segment. The growth is driven by increasing demand for smart houses globally.

The top five companies in the 3D Sensors market are:

  • Intel (US),
  • Microchip (US),
  • Qualcomm (US),
  • Pmd technologies (Germany),
  • Softkinetic (US) and Others

These companies held highest market share of around 65% in the fiscal year ended 2014.  The 3D sensor companies have agreements and product launches as a key strategies for growth.  Companies are focusing on agreements and partnerships to utilize a wide distribution network to improve sales of products. Agreements have also been inked to develop partnerships and drive the growth in revenue. Intel has a partnership with six Indian companies to improve gesture recognition technologies in its products. This partnershipbrings next level of gesture recognition devices which can work with low megapixel cameras. Product launches were focused on improving accuracy and speed of 3D sensors in order to satiate customer demand. Product launches were also focused on capitalization of demand for new applications in order to broaden the customer base.

There is a significant global demand for 3D sensors systems with gesture recognition and motion tracking leading the charge. The economic growth, particularly in APAC, has led to growing manufacturing market for 3D sensors supported by the declining 3D sensor prices. Many manufacturing industries, healthcare and enterpriseshave started utilizingRTLSfor surveillance cameras, surface sensing, and medical scanning. Thus, the future of the 3D sensors market looks extremely bright and is forecast to be a good segment for future investments.

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