U.S. 3D Sensors Market - Forecast(2024 - 2030)

3D sensors help machines understand the object in terms of shape, size, depth, and distance at which an object is placed. 3D sensors achieve this using projected light patterns and a camera system. Major applications of 3D sensors these days include gesture recognition and motion detection. The U.S. 3D Sensors market is estimated to reach $1,912.18m by 2023, growing at a CAGR of 33.5% during the forecast period 2018–2023. Image sensors, which find applications in night vision equipment and medical imaging equipment hold major share in the U.S. 3D Sensors market and are expected to continue their dominance throughout the forecast period.

3D sensors have a wide range of applications in today’s modern life. This ranges from cameras to drones and robots. These sensors transmit data with a high speed, consume less power, and are portable. The technology used in 3D sensors is stereo vision, structured light, time of flight, and ultrasound. The different types of products include image sensor, pressure sensor, temperature sensor, acoustic sensor, and others. According to IndustryARC findings, the consumer electronics segment will hold a major share in the U.S. 3D Sensors market by 2023. The automotive segment in the U.S. 3D Sensors market is expected to grow significantly at a CAGR of 45.8% during the forecast period due to the increasing usage of 3D sensors in Advanced Driver-Assistance Systems (ADAS).

The primary growth driver for the market is the increase in usage of the 3D sensors in the defense applications. 3D sensors of infrared sensing type are emerging in defense technologies owing to their ability to assist in carrying out operations in low light or even in dark conditions. Additionally, the growing adoption of 3D sensors in consumer electronics is another growth driver for the U.S. 3D Sensors market. The use of these sensors in consumer electronics is revolutionizing the way people interact with the devices, which is drawing huge demand from the consumers. Gesture recognition and motion detection technologies are few of such technologies, which employ 3D sensors. Also the growing usage of 3D sensors in security and surveillance is driving the market for the 3D sensors in the U.S.

High maintenance and repair costs of 3D sensors are dissuading the adoption of 3D sensors. Image sensors, the fastest growing type of 3D sensors by CAGR, face severe resistance from these factors. Additionally, 3D sensor product development involves high costs, which is discouraging new companies from entering the market. The resulting limited competition is driving the prices of 3D sensors, which remains as a major hurdle for the growth of the market. 

 

The base year of the study is 2017, with forecast done up to 2023. The study presents a thorough analysis of the competitive landscape, taking into account the market shares of the leading companies. It also provides information on unit shipments. These provide the key market participants with the necessary business intelligence and help them understand the future of the U.S. 3D Sensors market. The assessment includes the forecast, an overview of the competitive structure, the market shares of the competitors, as well as the market trends, market demands, market drivers, market challenges, and product analysis. The market drivers and restraints have been assessed to fathom their impact over the forecast period. This report further identifies the key opportunities for growth while also detailing the key challenges and possible threats. The key areas of focus include the types of 3D sensors and its applications in various industries.

Types of 3D Sensors: Image sensor, pressure sensor, position sensor, accelerometer sensor, temperature sensor, acoustic sensor, infrared sensor, and others

Consumer Products with 3D Sensors: Smartphone, wearable devices, laptop, television, gaming devices, and others

By Technology: Capacitive sensing, ultrasonic, electric field, MEMS, camera based recognition 3D, structured light, time of flight, stereo vision, and others

By End Use: Consumer electronics, automotive, industrial automation, robotics, medical devices, aerospace, defense, and others

Infrared Sensing Applications in Defense: Thermal imaging, surveillance, range finding/range detection, missile tracking, precision guided munitions, and ballistic missile defense

Some of the key players mentioned in this report are Microchip Technology Inc. (U.S.), OmniVision Technologies Inc. (U.S.), Infineon Technologies AG (Germany), Texas Instruments Inc. (U.S.), ams AG (Austria), Sick AG (Germany), Cognivue Corporation (Canada) and others.