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Global 3D Sensors Market forecast to exhibit a growth rate of 25% through 2023 and reach $18.62 billion

In the Report “3D Sensor Technology: Sensing Technology (Interactive Displays, Capacitive, Infrared, Ultrasonic, Electric Field, Image Sensor, MEMS); Verticals (Consumer Electronics, Automotive, Robotics, Industrial Automation) - Forecast (2018 - 2023)“ published by IndustryARC, the market continues to develop with innovation in consumer electronics which has boosted the demand sensing technology.

America and Europe dominating with a major share in the Coil 3D Sensor Market
Americas and Europe are the dominant markets, having a market size of $1.82 million and $1.72 million in 2018. These regions are projected to exhibit a high growth of 25% through 2023, to reach $5.64 billion and $5.49 billion respectively. The APAC region is projected to grow at 31% through 2020 to reach $7.16 billion. Asia-Pacific is projected to be the biggest market through 2023 with the highest volume growth. High adoption in the consumer electronics market and automation industry is set to propel the market. The growing utilization of 3D image sensing and gesture technologies in this market are responsible for this growth. Hence, industrial automation in the Asia-Pacific region will also be a driver for 3D sensor market.



Selected Technology Type Analysis was done in the 3D Sensor Technology Report:
The 3D sensor market is classified based on technology into nine types. Among all, MEMS accounted for the highest revenue of $1628.57 million in 2018. But in the forecast years, MEMS are predicted to achieve a very low growth rate of 5%, due to power consumption and difficulty to integrate that serves to be the main reasons that obstruct the growth of MEMS.
3D Camera-based recognition is projected to achieve the highest growth rate of 68%. This camera-based 3D sensor will replace the MEMS sensors by 2023. Interactive displays are one that controls the user interactive surface with waveshape with visitor’s hand.
Consumer electronics accounted for the highest revenue in interactive displays. It accounted for $416.55 million and is forecast to achieve 28% growth in it by 2023. Increased use of TV’s wearable devices is the main growth drivers to achieve this growth. The capacitive sensor is a technology based on capacitive coupling that takes human body capacitance as input.
Consumer electronics is slated to contribute $457.72 million revenue by 2023. The smartphone will play a major role in this contribution. The automotive industry will achieve a major growth rate of 46%.
3D Infrared Sensors are very useful in 3D scanners to scan an object. These are majorly utilized in automation like a robotic vision for 3D alignment to fix the vehicle parts. It is also used in robotics to collect information about objects in three-dimensional views.
Ultrasonic sensor has a huge demand in industrial applications, due to its nature to measure the internal temperature distribution. Asia-Pacific will witness the major growth rate of 46% in revenue for this by 2023. 3D image sensors are used in crime scene investigation, such as photograph stitching, virtual reality, and photogrammetry. Increased use of surveillance cameras is the main reason for this growth. These above mentioned key technologies are set to propel the 3D sensor’s market revenue in different applications.

Excerpts on 3D Sensor Technology Industry Growth Factors
3D sensors are also projected to find increased application in wearable devices and UAV’s (Drones) market. These two markets are the future of 3D sensors.
Technology and growing number of companies are using 3D sensor technology in their products. The gaming industry has been seen rising up since the past few years, due to the increase in smartphone sales that are driving the marketplace.
A number of big companies are using 3D motion detection technology in their smartphones and computers and laptops to play games and to operate them with hand movements. Soon, this 3D motion detection and indoor navigation will expand to other fields also like Health, Entertainment, and Education etc. as the customer demand for these features rises.

To access the 3D Sensor Technology report browse the link below
https://industryarc.com/Report/244/global-3D-sensor-market-analysis-report.html?

Key players of the 3D Sensor Market
Top companies in the 3D sensors market are Intel, Microchip, Qualcomm, Pmd Technologies, Softkinetic. All these companies held a combined share of 65% in the market. Pmd Technologies is the market leader in the 3D sensor market as it launched new products with innovative features. Technologies launched include CamBoard Pico, CamBoard nano, Colibri Gesture suite, Touchpads and Touchscreens, Temperature sensor, Sense id, etc.

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About IndustryARC: IndustryARC is a Research and Consulting Firm that publishes more than 500 reports annually, in various industries such as Agriculture, Automotive, Automation & Instrumentation, Chemicals and Materials, Energy and Power, Electronics, Food & Beverages, Information Technology, Life sciences &Healthcare.

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