3D Sensor Market

The 3D Sensor Market is expected to touch USD 5.46 billion by 2026 and witness a CAGR of 18% over the forecast period (2021-2026). The evolving need for sophisticated security and a surveillance camera is projected to drive the market growth.

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3D Sensor Market Dynamics

3D depth-sensing is increasingly used in electronics to measure objects in three dimensions. The technology has gained immense prominence in several industries and applications. Depth sensors can compute distance and negotiate routes, which is very useful in the automation industry. 3D depth sensors offer better quality 3D scanners that help retailers to acknowledge the fitting of shoes and clothes virtually. Thus, this feature has encouraged online shopping and will bolster the 3D sensor market size. Also, the usage of 3D sensors by engineers, architects, and artists to design a 3D model which is another factor contributing to the market growth. The growing usage of 3D sensing technology has encouraged producers develop superior quality sensors that can leverage latest and existent technologies, which will further accelerate the 3D sensors market share. The usage of 3D sensors in virtual reality, imaging applications, security and surveillance will contribute to the market growth. However, the huge maintenance cost, insufficient manufacturing eminence, and complications may restrain the market growth. Images captured with the 3D sensors need a larger chip size which automatically increases the processing cost.

Regional Drivers

Based on region, the North America is anticipated to witness the fastest growth over the forecast period. This is because of its augmenting application in several end-use industries, such as manufacturing, automobiles, medical devices, electronics, and gaming. Also, the 3D sensors market forecast projects that the existence of leading companies such as Apple and Tesla has accelerated the demand for smartphones and self-driving cars, which has significantly fuelled the 3D sensors market. For instance, Intel Corporation, in 2021, launched Intel RealSense ID facial authentication. It has incorporate anti-spoofing technology to impede false entry attempts using videos, masks, or photographs.

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