Continuous developments through extensive R&D are expected to fuel innovation in the 3D sensors market. These products can effectively determine the efficiency and performance of complex systems and are highly durable in nature, making them suitable for entertainment and automotive applications.
Benefits offered by these sensors over their conventional counterparts are expected to fuel 3D sensors' market demand. Increasing demand from various sectors including gaming, consumer electronics, smartphones & tablets, and security & surveillance cameras are expected to drive 3D sensor market growth. Additionally, the replacement of 2D with 3D technology and its increasing use in retail & media sectors is further expected to drive the 3D sensor market. Technology innovation, such as gesture recognition, indoor navigation, and 3D motion detection is also expected to fuel market growth. High maintenance costs, lack of manufacturing excellence, and high refurbishment costs may act as a restraint to market growth.
The 3D sensors market can be segmented on the basis of product, technology, and application. Different types of 3D sensors include image, pressure, position, and temperature sensors. Image sensors are expected to dominate the segment owing to their wide applications in biomedical image analysis, autonomous navigation, robot guidance, car safety, surveillance, human-computer interface, remote sensing, oceanography, microscopy, astronomy, virtual reality, and industrial inspection, etc. Image sensors can be categorized into CMOS, electro-optical, and ToF sensors.
Application segments include medical, automotive, consumer application, gesture recognition, entertainment & media, defense, and robotics. In the medical field capturing motion robust data acquisition is critical, 3D sensor enables a comfortable and flexible capturing of any body part. Laser sensors are widely used in medical applications. In automotive 3D sensors are used to digitize any part using 3D scan data, which is used to design and improvise using CAD models. Optical sensors are widely used for automotive applications. The technology segment is categorized into a leap, stereo camera, ultrasound, time of flight, and structured light.
Some key participants in the 3D sensor market include PrimeSense, Infineon Technologies, LMI Technologies, IFM Electronic, SoftKinetic, Cognivue, SourceFire, Panasonic Corporation, ASUSTeK Computer Inc., OmniVision Technologies, Occipital, and Pointgrab.
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The recent COVID-19 pandemic that has been ravaging numerous countries across the globe has adversely affected the overall sensor, control, and automation industry. While the capital investments in the automation sector have been lethargic before the pandemic, they are expected to be put on hold or postponed for at least a year. However, the recent standstill in industrial manufacturing and production is anticipated to act as a wake-up call for the manufacturing sector on its reliance on human labor. This, in turn, is expected to highlight the advantages of robotics and automation helping a greater adoption in the post-pandemic period. As IoT, industrial automation, and digitalization are expected to become increasingly relevant to post-pandemic Tier 1 manufacturers, it may eventually turn into an opportunity especially in evolving supply chains. The report will account for Covid19 as a key market contributor.