3D Sensors Market - Forecast (2022-2027)

The Global 3D Sensors Market size is forecast to reach $11.64 billion by 2027, growing at a CAGR of 27.45% from 2022 to 2027. Rising demand for image sensors in the automotive sector along with the introduction of 3D accelerometers and acoustic sensors in industrial automation are some of the primary factors driving the global 3D Sensors Market. The adoption of temperature and humidity sensors integrated with the HVAC system in autonomous cars or electric vehicles is also contributing to the 3D Sensors Market growth. As per a report published by Apriorit in May 2021, the total number of new vehicles equipped with autonomy-enabling hardware will rise up to 745,705 units by 2023. In addition to that, the growing development of long-range and high-resolution time-of-flight (TOF) image sensors for automotive range imaging and wide-area surveillance have been eventually driving the need for 3D Sensors market. Furthermore, the growth of the 3D Sensors Market is attributed to the increase in demand for robust, high-performing 3D position sensors to provide high accuracy positioning in order to simplify automation control and asset monitoring solutions. Moreover, the burgeoning demand for advanced 3D scanners for aiding facial recognition in consumer electronics products like smartphones or tablets is significantly triggering the growth of the 3D Sensors industry.

 

 

The “3D Sensors Market Report - Forecast (2022-2027)” by IndustryARC, covers an in-depth analysis of the following segments in the 3D Sensors Market.

 

By Type: Image Sensor, Position Sensor, Acoustic Sensors, Accelerometer, Temperature Sensor, Pressure Sensor, Others.

By Technology: Stereoscopic Vision, Structured Light, Time of Flight (Photo Electric), Ultrasound, MEMS, Capacitive Sensing, Infrared Sensing, Electric Field, Laser, Others.

By Connectivity: Wired, Wireless.

By Application: Industrial Automation & Robotics, Advanced Driver Assistance System (ADAS), Medical Assistance, Thermal Imaging, Missile Tracking & Surveillance, Biometric Scanning, Others.

By End-use Industry: Automotive, Aerospace & Defence, Agriculture, Power, Utility, Oil & Gas, Mining, Healthcare, Chemical, Food & Beverages, Retail, Warehouse & Logistics, Consumer Electronics, Others.

By Geography: North America (the U.S, Canada, Mexico), Europe (Germany, UK, France, Italy, Spain, Russia and Others), APAC (China, Japan India, South Korea, Australia and Others), South America (Brazil, Argentina and others) and RoW (Middle-east and Africa).

 

 

The time of Flight (ToF) 3D Sensors market is estimated to witness the highest growth with a CAGR of 29.56% during 2022-2027 due to growing adoption in high-end smartphones, ADAS systems and so on.

APAC is estimated to be the fastest growing market during 2022-2027, with a CAGR of 31.67% owing to the growing initiatives by industry leaders toward the development and adoption of robotics.

The consumer electronics segment in the global 3d Sensors market, segmented by end-use industry accounted for tremendous growth with a CAGR of 30.56% during 2022-2027 due to increased penetration of biometric scanning and other cutting-edge 3D sensing technologies in consumer electronic products.

Increasing penetration of 3D Image Sensors in automotive vehicles along with rising adoption of 3D Sensors in healthcare applications are positively impacting the market growth.

 

 

 

 

By technology, 3D Sensors Market is segmented under Stereoscopic Vision, Structured Light, Time of Flight (Photo Electric), Ultrasound, MEMS, Capacitive Sensing, Infrared Sensing, Electric Field, Laser and Others. The Time of Flight segment in the 3d sensors market, segmented by technology has accounted for the highest growth with a CAGR of 29.56% during 2022-2027 due to growing adoption in high-end smartphones, ADAS systems and so on. Low-power time-of-flight sensing technology enables host systems to measure distances accurately at a very high speed and such accurate distance measurements are widely used in various applications including presence detection, user face recognition and advanced cameras. 3D direct Time-of-Flight technology is opting for continuous technological development to achieve higher range and lower power consumption and such advancements are aiding towards market growth. In June 2022, Toppan announced about development a hybrid CMOS Time-of-Flight (ToF) 3D Sensor, which is capable of measuring distances from 1 to 30 meters. This was developed to be used by autonomous drones and robot carriers in order to drive further development of cameras equipped with range sensors employing advanced Time-of-Flight technology. Such factors are further set to propel the market growth of the global 3D Sensors Market in the long run.

 

 

By end user, 3D Sensors Market is segmented under Automotive, Aerospace & Defense, Agriculture, Power, Utility, Oil & Gas, Mining, Healthcare, Chemical, Food & Beverages, Retail, Warehouse & Logistics, Consumer Electronics and Others. The Consumer Electronics sector is analyzed to grow with the highest CAGR of 30.56% during the forecast period 2022-2027, attributing to factors like increasing penetration of biometric scanning and other cutting-edge 3D sensing technologies in consumer electronic products. Growing adoption of facial recognition technology in consumer devices, high-performance in-depth sensing in photography and AR/VR applications in gaming consoles play a significant role in the speedy increase in global 3D Sensors market share. Modern consumer electronics devices are increasing the use of infrared sensors for 3D depth sensing applications such as motion detection and facial recognition. The development of 3D gaming consoles with reliability, intelligence and low power consumption features is also positively impacting the growth of the market. In June 2022, Metalenz and STMicroelectronics collaboratively announced the launch of the VL53L8 direct Time-of-Flight (dToF) sensor to be commercially available for its use in consumer electronics. This product launch was done to enable power optimization, module miniaturization and performance maximization, which is set to bring significant benefits across the 3D Sensors Market.

 

 

By Geography, the 3D Sensors market is segmented under North America, Europe, APAC, South America and RoW. APAC is estimated to be the fastest growing market with a CAGR of 31.67% over the forecast period from 2022 to 2027. The growing initiatives by industry leaders towards the development and adoption of robotics are eventually driving the market as there has been a proliferation of 3D sensors in a vision-guided robotic system. The ongoing expansion in the manufacturing sector in South East Asia is set to embrace technological advancements to enhance plant productivity, maintain process flow with varying customer demands and gain a competitive edge over competitors. This factor has been encouraging the manufacturing industries to further invest in emerging technologies, which in turn is creating significant opportunities for 3D Sensors market growth in the APAC region. In July 2019, AMS Japan announced its collaboration with SmartSens Technology with an aim to expand its portfolio for all three 3D technologies including Active Stereo Vision (ASV), Time-of-Flight (ToF) and Structured Light (SL), which is set to contribute toward market growth.

 

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The growing penetration of 3D image sensors in automotive vehicles is positively impacting the global 3D Sensors market growth. The automotive imager on the basis of 3D time-of-flight (ToF) technology provides accurate and robust depth sensing capabilities to a wide range of automotive use cases both within and beyond the vehicle. 3D in-cabin sensing cameras capture and process the data needed to ensure a high standard of passive safety enabling use cases like driver monitoring, occupant detection and smart airbag systems. The 3D depth data also supports anti-spoofing capabilities to enable secured face authentication for in-car payment or access to private data and cloud services, or keyless car entry using biometric authentication. ToF cameras also support exterior sensing functions such as secure navigation and collision avoidance. In addition, comfort features such as gesture control and fully autonomous parking pave the way for maximum driver convenience. In January 2021, Ibeo Automotive Systems GmbH and SICK AG have announced a technology partnership to co-develop a new. cost-efficient, solid-state 3D automotive LiDAR sensor on a large scale for industrial applications. Such partnerships are analyzed to fuel the global 3D Sensors Market growth in the long run.

 

 

The rise in adoption of 3D Sensors in healthcare applications acts as a major driver boosting its market growth. Smart sensing technologies are being introduced into healthcare products and devices to enrich user experiences and deliver superior functionalities. 3D Sensors combined with specific middleware enable the automatic monitoring of patients' health while maintaining privacy. 3D Sensors are widely adopted as real assistants for doctors and emergency workers in the operating room. Further, the application of 3D Sensors in the healthcare industry includes 3D sensing in hospitals to provide remote diagnosis via videoconferencing, automatic health monitoring of elderly or nursing patients in their homes and at care facilities, detection of the presence of potentially evolving diseases such as Parkinson, Alzheimer by gait analysis and so on. In January 2020, Arrow Electronics announced the launch of the first healthcare-focused proof-of-concept design incorporating Analog Devices' 3D time-of-flight (ToF) technology. This design shows the deployment of 3D ToF technology to deliver highly accurate, real-time sensory data for monitoring breathing patterns and small motion detection. Such technological advancements are adding to market growth.

 

 

 

3D Sensors require a large amount of power for data capturing, processing and extraction. As this process takes place within the sensor, these devices opt for large amounts of energy consumption. Sometimes, the process takes place within the server; which in turn results in the consumption of excess power to send the captured data to the server and then process it. For instance, Microsoft Kinect, which is a low-cost, high-resolution, short-range 3D camera for gaming consoles demands the power of 12W-13 W, much greater than what a standard USB port can offer and thus, a separate power adapter is needed with Xbox 360 consoles. Furthermore, the data sent from sensors to servers, also poses the risk of data security being breached and thus factors have been creating an adverse impact on its market growth.

 

 

Product innovations, acquisitions, Partnerships and R&D activities are key strategies adopted by players in the 3D Sensors market. Top 10 companies in the 3D Sensors market are:

 

Infineon Technologies AG

OmniVision Technologies Inc.

Sony Corporation

Microchip Technologies

Cognex Corporation

STMicrolectronics

Bass Software Ltd.

Qualcomm Inc.

Texus Instruments

Samsung Electronics

 

 

In March 2022, STMicroelectronics announced the launch of high-resolution Time-of-Flight (ToF) sensors in order to provide advanced 3D depth imaging capabilities to smartphones and other devices. This product was launched to address emerging AR/VR market use cases, which include room mapping, gaming and 3D avatars.

In October 2021, Texas Instruments announced the launch of a 3D position sensor for smart factories to help with more precise, real-time control of devices like autonomous robots. The sensor was developed to provide integrated functions and diagnostics with an aim to maximize design flexibility and system safety.

In January 2021, Qualcomm announced the launch of 3D Sonic Gen 2, the second-generation in-display fingerprint sensor. This product uses sound waves to scan for 3D features in a user’s fingerprint.