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3D Sensor Market.PDF


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DESCRIPTION
Global 3D Sensor Market is projected to witness a CAGR of 18.65% over the forecast
period to reach a total market size of US$4.611 billion by 2022, from US$1.961 billion in
2017. Growing demand for 3D-enabled consumer electronics devices along with the
falling prices of sensors are some of the major factors driving the market growth. Rising
demand for 3D sensors for 3D gaming technology will also fuel the market growth.
Integration of nanotechnology with 3D sensors in wide range of applications is also
propelling the demand for 3D sensors over the forecast period. However, lack of
product differentiation and limited manufacturing excellence will hinder the market
growth during the forecast period.
By End User Industry
By end-user industry, consumer electronics segment will grow at the highest CAGR
during the forecast period. Growing awareness concerning good health and fitness is
escalating the demand for wearables. There has been a growing demand for 3D-enabled
smartphones and cameras further contributing to the growth of global 3D sensor
market.
By Geography
Geographically, North America held the largest share of global 3D Sensor market in
2016 and will remain at its position till 2022 owing to the early adoption of technology
across various end-use industries in the region. Asia Pacific region will witness the
fastest regional market growth during the forecast period due to expanding consumer
electronics industry in China and India. Robust sales of 3D gaming consoles in the
region will further contribute to the germination of 3D sensor market in the region.
Competitive Insights
Prominent key market players in 3D Sensor market include OmniVision Technologies,
Infineon Technologies, SoftKinetic, Intel Corporation, and Cognex Corporation among
others. Market players are adopting various growth strategies to expand their product
portfolio and gain a larger market share. In 2016, Occipital acquired Replica Labs that

3D Sensor Market – Forecasts from 2017 to 2022