3D Sensors Market to Reach $9.5 Billion by 2020

Gesture Recognition Products and Drop in Sensor prices to drive the 3D Sensors Market to $9.5 Billion by 2020

The Report “3D Sensors Market – By 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 market to reach $9.5 Billion by 2020.

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3D sensors are manufactured using CMOS technology and are used to measure the three dimensional shape of an object using projected light patterns and a camera system. They are used as a smart interface between the user and the electronic device. These are widely used for operations such as motion tracking and three dimensional image sensing. The current range of 3D Sensors have overcome the conventional 2D sensor’s limits; such as time of flight or time taken by the sensor to complete one operation, measuring depth and high quality 3D image capturing.

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 Leaders are:

Intel (US)
Microchip (US)
Qualcomm (US)
Pmd technologies (Germany), and
SoftKinetic (US)

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. The 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 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.

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 Americas Market was 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.

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Top Five Companies in the 3D Sensors Market 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 partnership brings 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 enterprises have started utilizing RTLS for 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.

Browse Related Reports

Micro-Electro Mechanical Systems (MEMS) Market – by Energy Harvesting, M2M and Increased Usage in Consumer Electronics to Push for 20% YoY Growth Rates (2013 – 2018):
http://industryarc.com/Report/28/global-microelectromechanical-systems-mems-market.html
Gesture Recognition in Consumer Electronics Market – Products (Smartphones, Gaming Devices, Laptops, Television, Set Top Box); Technology (Interactive Displays, Capacitive, IR, Ultrasonic, Electric Field, Image Sensor, MEMS) – (2014 – 2020):
http://industryarc.com/Report/81/gesture-recognition-in-consumer-electronics-market.html

About IndustryARC:

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