Press release
3D Sensing Technology Market Growth by Manufactures, Types, Applications and Regions
Browse Market Research Report @ https://www.transparencymarketresearch.com/3d-sensing-technology-market.html
As key players introduced 3D sensing technology in developed markets such as North America, Europe, and Asia Pacific, these regions are likely to account for dominant share of the global 3D sensing technology market. Growing demand for 3D sensing technology from next generation smartphones in emerging markets such as China, Japan, and India is likely to boost growth of the Asia Pacific 3D sensing technology market at a growth rate of around 18% from 2018 to 2026.
Application of 3D sensor technology is expected to expand across multiple industry verticalssuch as consumer electronics, media & entertainment, automotive, and security & surveillance, providing novel opportunities in the field of 3D sensing technology. However, some restraints can have a negative impact on the growth ofthe 3D sensing technology market. 3D sensor has high cost of maintenance due to the complex circuits used in the VCSEL (Vertical-cavity surface-emitting laser) technology.This could be a major factor that could hamper the growth of the 3D sensing technology market. However, many manufacturers are planning to increase the production of 3D sensors due to continuously growing demand, which could overcome this restraint in the near future.
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Demand for 3D sensing technology is continuously increasing across many industry verticals globally
Many industry verticals including automotive, consumer electronics, and security & surveillance among others are using 3D sensing technology for development. Across the automotive vertical, 3D sensing technology is extremely useful because it helps in monitoring the movement of the driver’s eyesto identify tiredness to enhance safety. Furthermore, it also helpsthe driver to modify the airbags or seats of the vehicle automatically based on requirement. In case of industrial robotics, 3D sensing technology helps in controlling the movement of robots through gesture recognition and also helps in preventing collision between them inside a factory. Additionally, 3D sensing technology is heavily adopted across the consumer electronics industry, as it creates novel opportunities for facial recognition, virtual reality, augmented reality, and motion detection.
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