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3D Sensor Market is expected to reach a market value of USD 6.47 billion by 2023, registering a CAGR of 25.23% during the forecast period| Dominant Players - INFINEON TECHNOLOGIES AG, COGNEX CORPORATION, LMI TECHNOLOGIES, OCCIPITAL, INC., PANASONIC CORPOR

03-28-2019 01:14 PM CET | IT, New Media & Software

Press release from: Market Prognosis

Market Analysis:

North America is the Market Leader
North America accounts for the highest market share, owing to the gradually increasing demand for smartphones in the region. In addition, fast adoption of new technology, such as the self- driving cars in the region is further expected to drive the demand for 3D sensors in automotive segment.

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Increased adoption of 3D technology in various industry verticals (for shape analysis, 3D modelling, 3D printing) has given rise to sensors that can gauge shapes in real-time. Consumer electronic devices, such as TVs, smartphones, and tablets are now 3D enabled and offer immersive viewing experiences to the consumers. Instruments that were once bulky are now miniaturized, owing to advanced technologies. Moreover, rapid technological advancements opens up a plethora of new applications across different industry verticals where these sensors can be used. However, implementing these 3D sensors requires expertise, such as to glean maximum information from the minimal use and location of sensors. This lack of expertise in the field of 3D sensors positioning and fixation is expected to hinder the growth of the 3D sensors market.

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Market Segments:
3D Sensor Market is segmented by:
1. Products: Position Sensor, Image Sensor, Others
2. Verticals: Consumer Electronics, Automotive, Healthcare, Others
3. Geography: North America, South America, Europe, Asia Pacific, Middle East & Africa

Key Developments in the Market
• January 2018 - PMD Technologies AG and Ningbo Sunny Opotech announced a collaboration to strengthen their existing partnership jointly. Together, the partners are likely to develop and market 3D sensing camera solutions for mobile devices to OEMs in China and the rest of the world.
• January 2018 - PMD Technologies AG announced that it would showcase its new 3D imager IRS238XC for the first time at CES in Las Vegas.
• August 2017 - Qualcomm Technologies, Inc., and Himax Technologies, Inc. announced collaboration to accelerate the development and commercialization of a high resolution, low power active 3D depth-sensing camera system.

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About Market Prognosis
We at Market Prognosis believe in giving a crystal clear view of market dynamics for achieving success in today's complex and competitive marketplace through our quantitative & qualitative research methods.
We help our clients identify the best market insights and analysis required for their business thus enabling them to take strategic and intelligent decision.
We believe in delivering actionable insights for your business growth and success.

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