The 3D Sensor market
has also been segmented based on type of technology used into Ultrasound sensing, Camera based recognition 3D, Infrared sensing, Electric field sensing, and MEMS sensors. In 2014, MEMS sensors segment accounts for the largest market share.However this technology usage will decrease as it utilizes high power when compared to other technologies, thereby leading to lower consumer demand.Camera based 3D technology usage will increase due to high customer demand for gesture technology and motion tracking.
3D Sensor market is further segmented based on end use industry into Consumer electronics, automobile, industrial automation, home automation and robotics. Consumer electronics is the largest market with $800m revenue in 2014, followed by automobile segment. Consumer electronics is projected to exhibit high growth and become the leading market by 2020. Automobile industry is forecast to exhibit the same growth as consumer electronics, according to the report by IndustryARC, due to the increased applications as well as declining prices resulting in growing demand. The 3D sensors average prices will sharply decline from $10 in 2014 to below $3 in 2020. This declining price will be a major factor in the growth of the market.The top 5 companies in terms of revenue operating in the 3D Sensor market are
- pmd technologies (Germany),
- Microchip (U.S),
- Intel (U.S),
- Qualcomm (U.S)
They account for around 65% of the total market size. The 3D Sensor companies have looked to product launches and agreements to improve their market position. Companies are focusing on agreements and partnerships to utilize a wide distribution network to improve sales of products. For instance, pmd technologies announced a partnership with Invensense, a 3D Sensor solution provider to launch a 3D Camera for consumer and automobile applications. New product launches have been undertaken in order to improvethe functionalities of the product.
The declining prices and growing usage of 3D Sensors are set to propel the growth of the 3D Sensors market. The growth of 3D Sensor market can also be attributed to the improved accuracy as well as growing applications for the 3D Sensor systems. The increased customer demand for gesture technology is set to drive the 3D Sensor market.Browse Related Reports:
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