DUBLIN--(BUSINESS WIRE)--The "3D Sensors Market by Application and Geography - Forecast and Analysis 2020-2024" report has been added to ResearchAndMarkets.com's offering.
Global 3D Sensors Market: About this market
The 3D sensors market analysis considers sales from consumer electronics, industrial/commercial, automotive, healthcare, and other applications. Our study also finds the sales of 3D sensors in APAC, Europe, MEA, North America, and South America. In 2019, the consumer electronics segment had a significant market share, and this trend is expected to continue over the forecast period. Factors such as increasing smartphone penetration with advanced features such as multiple-lens camera, AI, virtual assistant, fingerprint sensor, and facial recognition will play a significant role in the consumer electronics segment to maintain its market position. Also, our global 3D sensors market report looks at factors such as the use of 3D sensors in security and surveillance systems, an increase in the number of patents related to gesture recognition and increasing use of HMI technologies. However, accuracy and calibration issues during sensor fusion, cyclical nature of semiconductor industry, and the impact of the trade war between the US and China may hamper the growth of the 3D sensors industry over the forecast period.
Global 3D Sensors Market: Overview
Use of 3D sensors in security and surveillance systems
The adoption of 3D sensors in electronic devices such as security cameras and closed-circuit television (CCTV) cameras is growing because of the increasing need for security especially for incidences like theft and robbery. These devices use cameras with 3D sensors to perform various functions such as 3D imaging, position tracking, depth sensing, and gesture recognition. Also, the aerospace and defense sector has been deploying 3D sensor-enabled cameras to enhance the security of national borders, railroads, airports, power lines, and power plants. Furthermore, the increasing use of drones for navigation and surveillance will also contribute to the growth of the 3D sensors market during the forecast period. Vendors are developing and introducing advanced 3D sensor solutions for the LiDAR or laser detection and ranging (LADAR) systems operating drones. Thus, the growing application of 3D sensors in security and surveillance systems will lead to the expansion of the global 3D sensors market at a CAGR of over 29% during the forecast period.
Growing investments in autonomous vehicles
Rising need for improving safety and minimizing fatalities caused during vehicular accidents is one of the most prominent reasons for the growing investments in autonomous vehicles. These vehicles incorporate several electronic systems, including LiDAR scanning, optical encoders, autonomous brake systems, and other devices using 3D sensors for imaging and scanning purposes. 3D sensors play a significant role in offering 3D views of the surroundings and providing 3D imaging solutions to autonomous vehicle manufacturers. As a result, vendors in the market are also encouraged to expand their product portfolio for capitalizing on the increasing integration of 3D sensors in autonomous vehicles. This development is expected to have a positive impact on the overall market growth.
Key Topics Covered:
PART 01: EXECUTIVE SUMMARY
PART 02: SCOPE OF THE REPORT
- Currency conversion rates for US$
PART 03: MARKET LANDSCAPE
- Market ecosystem
- Market characteristics
- Value chain analysis
- Market segmentation analysis
PART 04: MARKET SIZING
- Market definition
- Market sizing 2019
- Market Outlook
- Market size and forecast 2019-2024
PART 05: FIVE FORCES ANALYSIS
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
PART 06: MARKET SEGMENTATION BY APPLICATION
- Market segmentation by application
- Comparison by application
- Consumer electronics - Market size and forecast 2019-2024
- Industrial/commercial - Market size and forecast 2019-2024
- Automotive - Market size and forecast 2019-2024
- Healthcare - Market size and forecast 2019-2024
- Others - Market size and forecast 2019-2024
- Market opportunity by application
PART 07: CUSTOMER LANDSCAPE
PART 08: GEOGRAPHIC LANDSCAPE
- Geographic segmentation
- Geographic comparison
- North America - Market size and forecast 2019-2024
- APAC - Market size and forecast 2019-2024
- Europe - Market size and forecast 2019-2024
- South America - Market size and forecast 2019-2024
- MEA - Market size and forecast 2019-2024
- Key leading countries
- Market opportunity
PART 09: DECISION FRAMEWORK
PART 10: DRIVERS AND CHALLENGES
- Market drivers
- Market challenges
PART 11: MARKET TRENDS
- Growing number of strategic partnerships among market participants
- Integration of multiple-lens camera systems in smartphones
- Growing investments in autonomous vehicles
PART 12: VENDOR LANDSCAPE
- Landscape disruption
- Competitive scenario
PART 13: VENDOR ANALYSIS
- Vendors covered
- Vendor classification
- Market positioning of vendors
- ams AG
- Broadcom Inc.
- Himax Technologies Inc.
- ifm electronic Gmbh
- Infineon Technologies AG
- Intel Corp.
- OmniVision Technologies Inc.
- Sony Corp.
- STMicroelectronics NV
- Texas Instruments Inc.
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