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3D sensor MarketThe growing adoption of 3D technology in several industry verticals has given rise to the production of advanced sensors that can gauge shapes in real-time. Instruments that were once heavy are now miniaturized, with the help of efficient technologies. Also, rapid technological developments open up a number of modern applications across numerous industry verticals, where these sensors can be employed.
The growing necessity for advanced security and surveillance camera is foreseen to offer growth opportunities to the 3D sensor market. Rising demand for consumer electronics is anticipated to drive the global 3D sensor market.
The manufacturing industries are utilizing this technology to detect flaws in the sizes and shapes of the products. The automobile industry is employing 3D sensors to scan nearby vehicles, in order to enable exceptional safety. 3D sensor technology can provide assistance in developing autonomous technology.
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According to the research report, the global 3D sensor market is anticipated to reach the value of US$5.49 Billion by the end of 2023, prospering at a CAGR of about 27.69% during the forecast period 2019-2023.
According to the research, Automotive industries are expected to hold substantial market share in the global 3D sensor market. The research suggests that the automotive sector is one area, which is likely to be influenced significantly by 3D modelling market, consequently, supporting the growth of the 3D sensor market.
The increased use of 3D technology in the Research and Development department of the automotive industry stimulates growth possibilities for the market in Europe, especially in the United Kingdom and Germany. The advanced 3D sensor technology is utilized to design and develop modern vehicle models.
According to the report published in Market Future Research, North America is expected to hold the majority of the market shares. The report further concludes that the United States is expected to be a substantial and rapidly growing market owing to the tremendous demand arriving from the consumer electronics and automotive segments, which have been utilizing 3D sensors for numerous applications in their respective domains.
Apple's advanced product, the iPhone is playing a crucial role in boosting the demand for smartphones in the United States. In addition, the rapid adoption of advanced technology in this region, such as self-driving automobiles, is further anticipated to drive the demand for 3D sensors in the automotive industries.
Market segmentation
As per the research report published in Market Future Research, the global 3D sensor market can be analysed on the basis of technology, crucial application, sensors type and regional demand.
Based on the sensor types, the global 3D sensor market can be segmented into-
Acoustic sensor
Image sensors
Accelerometer sensors
Others
Based on technology, the global 3D sensor market can be segmented into-
Projected light sensor
Time of flight sensors
Stereo-vision
Ultrasound
Based on the crucial applications, the 3D sensor market can be segmented into-
Industrial
Logistics
Automotive
Aerospace and defence
Healthcare
Consumer electronics
The primary regions that contribute towards the growth and development of the global 3D sensor markets include-
North America
Asia Pacific
Europe
The Middle East and Africa
LATAM
Important Fact
Recently, Infineon introduced 3D image sensor solution for the mobile device market, known as REAL3 IRS2381C. This image sensor provides a secure, premium, and real-time 3D viewing experience that guarantees exceptional performance regardless of lighting conditions.
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