3D Image Sensor Market Size Estimated to Surpass $3.7 Billion Mark by 2026

3D Image Sensor Market Size Estimated to Surpass $3.7 Billion Mark by 2026

3D Image Sensor Market
Growing Demand for Image Sensors in the Automobile Driving the Growth of 3D Image Sensor Market.

The global 3D Image Sensor Market is estimated to surpass $3.7 billion mark by 2026 growing at an estimated CAGR of more than 14.2% during the forecast period 2021 to 2026. The significant rise in the demand for 3D image sensors in the medical imaging solutions are set to boost the market growth rate during the forecast period 2021-2026. Owing to their significant use in these devices as well as other consumer electronics owing to the provision of stereo vision and data acquisition, the growing adoption of smartphones and cameras is set to impact on the growth of the CMOS 3D image sensor market. The automated operations in industries such as food and beverages, chemicals etc started integrating 3D cameras with robotics arms which will further fuel the market for 3D CMOS technology based image sensors in the future. Owing to the increased demand of the photographers, nowadays, there has been an increase in adoption of the 3D image sensors. Additionally, there has been a discernible increase in the demand for high-resolution capable image sensors for smartphones or professional cameras based on TOF or stereo vision, which is creating opportunities for the manufacturers to innovate 3D image sensors as a new product in the market.Surging demand of 3D enrich content from entertainment industry and enhancement in 3D scanning technology are proliferating the demand of 3D camera in the market. Consumer electronics hold the largest market share of 28% in the end-user segment and will be a major driver for market growth due to rise in acceptance of the 3D image sensor technology.

3D Image Sensor Market Segment Analysis – By Camera Technology

TOF and Stereo cameras have dominated the 3D Image Sensor as compared to the other technologies at 45.2% and 30.6% share in 2020 respecitvely. The Time-of-flight principle is used by 3D cameras to measure the distance between the sensor and the nearest surface point. The stereo camera is a type of 3D camera that is mainly used for making stereoviews, range imaging, and 3D photos for movies. The image sensors present in stereo cameras will allow cameras to simulate human binocular vision and captures the 3D photocopies. The low cost combined with their suitability for general photography and consumer applications drives the adoption of stereo and TOF cameras.

3D Image Sensor Market Segment Analysis – By End Use Industry

Consumer electronics is analysed to be the major shareholder in the 3D image sensor market at 31.1% in 2020 owing to the wide spread applications of these in various devices. In order to increasing technological advancements, the provision of Augmented and virtual reality is integrated with 3D image sensors in the smartphones. In 2019, Apple has planned to release a smart phone with 3D image sensors in the rear camera o support AR based applications. More detailed and realistic images are offered by 3D image sensor based cameras as compared to previous models. It also allows images to be routed in different aspects such as Digital Visual Interface (DVI) and High-Definition Serial Digital Interface (HD-SDI).Adding to this, automotive industry is analysed to grow at a significant rate owing to the dire requirement of the 3D image sensor employment in the ADAS. In 2019, the government of India has mandated the features such as speed alert, reverse parking sensors, and others as standard for any vehicle. These regulations alongside the deployment of 3D image sensor in these technologies is set to boost the market during the forecast period 2021-2026.

Request for Sample Report @ https://www.industryarc.com/pdfdownload.php?id=18585

Report Price: $ 4500 (Single User License)

3D Image Sensor Market Segment Analysis – By Geography

APAC is analysed to be the dominant region in 2020 at 39.4%, followed by North America and Europe. This is mainly attributed to the vast research and developments activities in the region alongside the large infrastructural development. The presence of major players in the region is also contributing to the market share of the region. The growing demand and investments for self-driving cars that highly employ 3D image sensors in the region is also analysed to be key factor driving the market. Adding to this, APAC, the major shareholder in the automotive sector and the high deployment of the 3D image sensor in the advanced vehicle technologies is further impacting on the growth rate of the market. Moreover APAC is major hub for manufacturing of the consumer electronics such as mobile phones, computers alongside the penetration of the 3D technologies in various end users is set to escalate the market growth rate during the forecast period 2021-2026.

3D image Sensor Market Drivers

Growing demand for image sensors in the automobile

The increasing demand for automation in the automotive industries is set to certainly contribute to the growth of the market. The 3D image sensors are highly employed in ADAS systems in monitoring applications thereby impacting on the growth of the market. In February 2020, Continental AG, has announced to invest $110M to build a manufacturing plant in Texas, to manufacture and produce products for advanced driver assistance systems (ADAS). Therefore the significant usage of 3D image sensors in the ADAS systems alongside the growing investments is set to boost the market during the forecast period 2021-2026.Additionally, the autonomous trucks and self-driven vehicles are gradually emerging in the automotive industry which will further catapult the demand for 3D image sensors. 3D image sensors find prominent usage in autonomous vehicles for improving the drivability. Thus, they are an essential tool in furthering autonomous vehicle research and deployment. Thus, this will drive market growth of 3D Cameras.

Increasing demand for image sensors in the medical field:

The significant rise in the demand for image sensors in the surgical instruments is set boost the market growth rate during the forecast period. In June 2017, Omivision has launched OV6948, image sensor for wide range of applications, including dental, veterinary, forensic and so on. These image sensors overcome many challenges posed by reusable medical imaging equipment, including cross-contamination risks and inefficiencies due to high maintenance costs. Owing to these advantages, the growing demand for the miniature surgical equipment is set to boost the growth rate during the forecast period 2021-2026.

3D image Sensor Market Challenges

High Costs incurred in manufacturing

The manufacturing process of 3D image sensor involves high end machinery resulting in high manufacturing cost. Therefore the difficult manufacturing processes alongside the requirement of complex machinery is set to impact on the production of the 3D image sensors thereby hindering the growth of the market during the forecast period 2021-2026.

3D image Sensor Market Landscape

Product launches, acquisitions, and R&D activities are key strategies adopted by players in the 3D image sensor market. 3D image sensor driver market is expected to be dominated by major companies such as OmniVision Technologies Inc., Aptina Imaging Corp., Samsung Semiconductor, Micron Technologies, Sony Semiconductor Corp., Hamamatsu, Avago Technologies, and Magna Chips among others.

Acquisitions/Technology Launches/Partnerships

In June 2019, Infenion has launched 3D image sensor solution for the mobile devices named the REAL3 IRS2381C. This image sensor offers a premium, stable, real-time 3D viewing experience that delivers outstanding performance irrespective of lighting conditions.

In July 2019, Leica Camera announced an alliance with Pmdtechnologies AG, to develop a depth-sensing camera using a 3D Image sensor for smartphones. With the agreement, the two companies will work together to create a 3D-sensing camera for smartphones while reducing the size of the lens. Time-of-flight cameras are also said to have enhanced capabilities in facial ID, augmented reality, and even scanning 3D objects.

Key Takeaways

Consumer electronics sector holds the highest market share in 2020. This is majorly attributed to the applications of 3D image sensors in various devices such as mobiles, wearables and so on.

APAC is analysed to hold highest share in 2020 owing to the high presence of consumer electronics, automotive and medical manufacturing industries.

The rising demand for image sensors in the medical equipment such as surgical instruments is set to elevate the 3D image sensors market during the forecast period.

Emergence of 360 degree selfie camera is one of the pioneering discoveries for the upcoming advanced technology league. Most 360 cameras are launched for the purpose of capturing a complete image with particularly no dimensionality. It also provides virtual reality solutions and are also capable of recording more pixels and present a video which is high in resolution.

Related Reports:

A. 3D Sensors Market

https://www.industryarc.com/Report/244/global-3D-sensor-market-analysis-report.html

B. Safety Sensors and Switches Market

https://www.industryarc.com/Report/121/Safety-Sensors-Market.html

For more Automation and Instrumentation Market reports, please click here

About IndustryARC: IndustryARC primarily focuses on Cutting Edge Technologies and Newer Applications market research. Our Custom Research Services are designed to provide insights on the constant flux in the global supply-demand gap of markets. Our strong team of analysts enables us to meet the client research needs at a rapid speed, with a variety of options for your business. Any other custom requirements can be discussed with our team, drop an e-mail to sales@industryarc.com to discuss more about our consulting services.

Media Contact
Company Name: IndustryARC
Contact Person: Mr. Venkat Reddy
Email: Send Email
Phone: (+1) 970-236-3677
Address:Madhapur
City: Hyderabad
Country: India
Website: https://www.industryarc.com/