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3D Image Sensor Market Overview
The 3D Image Sensor Market is estimated to surpass $3.7 billion mark by 2026 growing at an estimated CAGR of more than 14.2% during the forecast period 2021 to 2026. The significant rise in the demand for 3D Image Sensor in the medical imaging solutions are set to boost the market growth rate during the forecast period 2021-2026. Owing to their significant use in these devices as well as other consumer electronics owing to the provision of stereo vision and data acquisition, the growing adoption of smartphones and cameras is set to impact on the growth of the CMOS 3D Image Sensor Market.
Report Coverage
The
report: “3D Image Sensor Market –
Forecast (2021-2026)”, by IndustryARC covers an in-depth analysis of the
following segments of the 3D Image Sensor Market.
Key Takeaways
- Consumer
electronics sector holds the highest market share in 2020. This is majorly
attributed to the applications of 3D Image Sensor in various devices such
as mobiles, wearables and so on.
- APAC
is analysed to hold highest share in 2020 owing to the high presence of
consumer electronics, automotive and medical manufacturing industries.
- The
rising demand for image sensors in the medical equipment such as surgical
instruments is set to elevate the 3D Image Sensor market during the
forecast period.
- Emergence of 360 degree selfie camera is one of the pioneering discoveries for the upcoming advanced technology league. Most 360 cameras are launched for the purpose of capturing a complete image with particularly no dimensionality. It also provides virtual reality solutions and are also capable of recording more pixels and present a video which is high in resolution.
3D Image Sensor Market, By Geography, 2020
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3D Image Sensor Market Segment Analysis - By Camera Technology
3D Image Sensor Market Segment Analysis - By End Use Industry
Consumer electronics is analysed to be the
major shareholder in the 3D Image Sensor Market at 31.1% in 2020 owing to the wide spread
applications of these in various devices. In order to increasing technological
advancements, the provision of Augmented and virtual reality is integrated with 3D Image Sensor in the smartphones. In 2019, Apple has planned to release a
smart phone with 3D Image Sensor in the rear camera o support AR based applications. More detailed and realistic images are offered by 3D Image Sensor based cameras as compared to previous models. It also allows images to be routed in different aspects such as Digital Visual Interface (DVI) and High-Definition Serial Digital Interface (HD-SDI).Adding to this, automotive industry is analysed to grow at a significant rate
owing to the dire requirement of the 3D Image Sensor employment in the ADAS. In
2019, the government of India has mandated the features such as speed alert,
reverse parking sensors, and others as standard for any vehicle. These
regulations alongside the deployment of 3D Image Sensor in these technologies
is set to boost the market during the forecast period 2021-2026.
3D Image Sensor Market Segment Analysis - By Geography
APAC is analysed to be the dominant region in 2020 at 39.4%, followed by North America and Europe. This is mainly attributed to the vast research and developments activities in the region alongside the large infrastructural development. The presence of major players in the region is also contributing to the market share of the region. The growing demand and investments for self-driving cars that highly employ 3D Image Sensor in the region is also analysed to be key factor driving the market. Adding to this, APAC, the major shareholder in the automotive sector and the high deployment of the 3D Image Sensor in the advanced vehicle technologies is further impacting on the growth rate of the market. Moreover APAC is major hub for manufacturing of the consumer electronics such as mobile phones, computers alongside the penetration of the 3D technologies in various end users is set to escalate the market growth rate during the forecast period 2021-2026.
3D image Sensor Market Drivers
Growing demand for image sensors in the automobile
The increasing demand for automation in
the automotive industries is set to certainly contribute to the growth of the
market. The 3D Image Sensor are highly employed in ADAS systems in monitoring applications
thereby impacting on the growth of the market. In February 2020, Continental
AG, has announced to invest $110M to build a manufacturing plant in Texas, to
manufacture and produce products for advanced driver assistance systems (ADAS).
Therefore the significant usage of 3D Image Sensor in the ADAS systems
alongside the growing investments is set to boost the market during the
forecast period 2021-2026.Additionally, the autonomous trucks and self-driven vehicles are gradually emerging in the automotive industry which will further catapult the demand for 3D Image Sensor. 3D Image Sensor find prominent usage in autonomous vehicles for improving the drivability. Thus, they are an essential tool in furthering autonomous vehicle research and deployment. Thus, this will drive market growth of 3D Cameras.
Increasing demand for image sensors in the medical field:
The significant rise in the demand for image
sensors in the surgical instruments is set boost the market growth rate during
the forecast period. In June 2017, Omivision has launched OV6948, image sensor for
wide range of applications, including dental, veterinary, forensic and so on. These
image sensors overcome many challenges posed by reusable medical imaging
equipment, including cross-contamination risks and inefficiencies due to high
maintenance costs. Owing to these advantages, the growing demand for the miniature
surgical equipment is set to boost the growth rate during the forecast period
2021-2026.
3D image Sensor Market Challenges
High Costs incurred in manufacturing
The manufacturing process of 3D Image Sensor involves
high end machinery resulting in high manufacturing cost. Therefore the
difficult manufacturing processes alongside the requirement of complex
machinery is set to impact on the production of the 3D Image Sensor thereby
hindering the growth of the market during the forecast period 2021-2026.
3D image Sensor Market Landscape
Product launches, acquisitions, and R&D activities are key strategies adopted by players in the 3D Image Sensor Market. 3D Image Sensor driver market is expected to be dominated by major companies such as OmniVision Technologies Inc., Aptina Imaging Corp., Samsung Semiconductor, Micron Technologies, Sony Semiconductor Corp., Hamamatsu, Avago Technologies, and Magna Chips among others.
Acquisitions/Technology Launches/Partnerships
- In June 2019, Infenion has launched 3D Image Sensor solution for the mobile devices named the REAL3 IRS2381C. This image sensor offers a premium, stable, real-time 3D viewing experience that delivers outstanding performance irrespective of lighting conditions.
- In July 2019, Leica Camera announced an alliance with Pmdtechnologies AG, to develop a depth-sensing camera using a 3D Image Sensor for smartphones. With the agreement, the two companies will work together to create a 3D-sensing camera for smartphones while reducing the size of the lens. Time-of-flight cameras are also said to have enhanced capabilities in facial ID, augmented reality, and even scanning 3D objects.