3D Sensing Technology Market projected to reach USD 10.4 billion by 2032, Development Data, Growth Analysis & Forecast 2022 to 2028 -AMS AG, Infineon Technologies, Sony, Intel, Ifm Electronic, STMicroelectronics, Texas Instruments, Finisar, II-VI Incorpor

The 3D sensor market size is estimated to be USD 2.7 billion in 2021 and is projected to reach USD 10.4 billion by 2032; it is expected to grow at a CAGR of 31.1% from 2021 to 2032. The ability of 3D sensors to capture a 3D image has increased their application base from the consumer electronics sector to the automotive and healthcare sectors. 3D sensors are of different types, based on different technologies, and their functions are application-specific.

The global market size of 3D Sensing Technology will reach (2028 Market size $$) million $ in 2027 with a CAGR of % from 2022-2027.

Some of the Major Key players profiled in the study are AMS AG, Infineon Technologies, Sony, Intel, Ifm Electronic, STMicroelectronics, Texas Instruments, Finisar, II-VI Incorporated, Lumentum Holdings, Himax Technologies

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3D sensor market dynamics
Driver: Growing penetration of image sensors in automobiles
The application of image sensors in automobiles is propelling the growth of the image sensors market. Some of the application areas of these sensors in automobiles include advanced driver assistance systems (ADAS), dash cameras, side mirror replacement, night vision, LiDAR driver monitoring, and gesture recognition systems. ADAS equipped with image sensors provide parking assistance, collision avoidance, and lane departure warning.

The prominent players in the image sensors industry are focusing on launching new products for the automotive end-use industry. In October 2017, ON Semiconductor (US) introduced the Hayabusa CMOS sensor platform for the automotive sector. This CMOS image sensor platform brings new levels of performance and image quality for automotive applications such as ADAS, mirror replacement, autonomous driving, and rear- and surround-view systems.

Restraint: High manufacturing cost of image sensors
Images captured using low-megapixel cameras have numerous drawbacks. The image quality of such images reduces while zooming in, cropping, or taking prints. Hence, the demand for high-megapixel cameras is growing. Manufacturers either have to increase the chip size or shrink the pixel pitch to increase the number of pixels. A larger chip size incurs a higher cost, so the only way to produce an image with high resolution and low cost is to shrink the pixel pitch, which is a complex and expensive process. In most cases, the shrinking of pixel pitch results in a reduced photo-sensing area, which affects the image performance. As a result, it is inhibiting the growth of the image sensors market.

Opportunity: Growing penetration of 3D depth sensors in various devices
The 3D depth-sensing technology is used in consumer electronics for the measurement of objects or scenes in three dimensions. This technology is gaining traction in consumer electronics, particularly in smartphones and tablets for facial recognition. 3D depth sensors in smartphones serve as high-quality 3D scanners. Apple introduced the iPad Pro with a 3D depth sensor capable of facial recognition in March 2020. In 2019, Microsoft introduced a new device, Kinect, with a 3D depth sensor for personal computers.

Depth sensors can capture large quantities of 3D data. This feature also enables a user to make changes in the picture and provide the data of the surroundings. Depth sensors can effectively measure distance and, thus, help in navigating routes. A 3D selfie with a depth sensor-enabled smartphone helps gain information regarding body measurements. This helps retailers understand the fitting of clothing and shoes virtually; therefore, this feature would support online shopping and customized clothing.

3D sensor market across consumer electronics end-use industry to hold the highest market share from 2021 to 2026
The consumer electronics end-use industry is expected to hold the highest market share between 2021 and 2026. Biometric scanning and other cutting-edge 3D sensing technologies are redefining the world of consumer electronics. 3D sensing plays a very important role across consumer electronics, such as facial recognition in smartphones, laptops, and tablets; high-performance in-depth sensing in photography; and AR/VR applications in gaming consoles. Microsoft Kinect, having game recognition abilities, has transformed the home gaming industry with advancements such as multi-player 3D position sensing, facial expression detection, and touchless heart rate monitoring. Intelligence, reliability, low power consumption, and low cost are the drivers for the integration of 3D sensing technology in consumer electronics.

3D sensor market in APAC to grow at the highest rate from 2021 to 2026
The 3D sensors market in APAC is expected to grow at the highest CAGR during the forecast period. Japan, India, and China are some of the major countries contributing to the growth of the 3D sensors market in the region. Players such as Samsung (South Korea), Huawei (China), Oppo (China), and Xiaomi (China) are already using VCSEL in their smartphones. VCSEL enables next-generation applications, including 3D facial recognition, augmented reality, automotive in-cabin sensing, and machine vision for autonomous vehicles and robotics. Therefore, the use of VCSELs in smartphones would benefit the 3D sensor market. Significant investments in new vehicle technologies, including electric vehicles, LiDAR, and autonomous vehicles, are expected to create a demand for 3D sensors. Countries such as China and South Korea in APAC have led to the adoption of 5G communication technology, which would further provide opportunities for the penetration of 3D sensing in data communication. Hence, for consumer electronics, the market in APAC is projected to continue to grow as markets in North America and Europe continue to stagnate over time.

The study categorizes the 3D sensor market based on type, technology, connectivity and end-use industry at the regional and global levels.

3D sensor market, By Type
Image Sensors
Position Sensors
Acoustic Sensors
Accelerometers
Others

3D sensor market, By Technology
Stereo Vision
Structured Light
Time of Flight
Ultrasound
Others

3D sensor market, By Connectivity
Wired network Connectivity
Wireless Network Connectivity

3D sensor market, By End-use Industry
Consumer Electronics
Healthcare
Aerospace & Defense
Industrial Robotics
Entertainment
Automotive
Security & Surveillance
Others

3D sensor market, By Region
North America
Europe
APAC
RoW

Recent Developments

In May 2021, OmniVision Technologies launched the new OAX4000, a companion image signal processor (ISP) that offers design flexibility for next-generation automotive single- and multi-camera architectures, enabling OEMs to future-proof their designs for added functionality as market demands change. In combination with OmniVision's comprehensive sensor portfolio, the OAX4000 provides the ultimate automotive solution.

In May 2021, Ambarella, Inc., an AI vision silicon company, Lumentum, and ON Semiconductor, a leading provider of CMOS image sensor solutions, announced two new joint reference designs that accelerate AIoT device deployment across verticals, building on the companies' previous joint solution for contactless access systems. By combining the data from Lumentum's high-performance VCSEL array illuminators and an ON Semiconductor image sensor using Ambarella's AI SoC, higher levels of accuracy and more intelligent decision-making can be achieved in next-generation AIoT devices for biometric access control, 3D electronic locks, and other intelligent sensing applications.

In April 2021, OmniVision Technologies announced at the NVIDIA GPU Technology Conference (GTC) that it has officially joined the NVIDIA DRIVE autonomous vehicle development ecosystem. The company also unveiled the first group of OmniVision automotive image sensor families compatible with the modular NVIDIA DRIVE AGX AI computing platform for self-driving vehicles.

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What is the goal of the report?

The market report presents the estimated size of the ICT market at the end of the forecast period. The report also examines historical and current market sizes. During the forecast period, the report analyzes the growth rate, market size, and market valuation. The report presents current trends in the industry and the future potential of the North America, Asia Pacific, Europe, Latin America, and the Middle East and Africa markets. The report offers a comprehensive view of the market based on geographic scope, market segmentation, and key player financial performance.

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