3D sensor market to be worth $3.4 billion by 2020
According to a new market research report, "3D Sensor Market by Technology (Leap, Ultrasound, Stereo Camera, Structured Light and TOF), Products (Consumer, Medical, Automotive, Media & Entertainment, and 3D Robots),Types, Applications, and Geography - Analysis & Forecast to 2014 - 2020," the market is expected to boom in the near future.
According to MarketsandMarkets the 3D Sensor Market by technologies is estimated to grow at a CAGR of 23.43 percent from 2014 - 2020.
The 3D Sensor Market is a very dynamic market and entails a great potential across many industry verticals. The advancements in technology due to the never ending R&D in this sector makes it one of the prominent segments in the current industrial scenario. 3D sensor products have been experiencing continuous developments right since their inception.
The technology has a major role to play in this sector due to the cost effective matrix and results in to a longer life cycle of products and systems, along with greater reliability. The highlighting features of the 3D sensor technology include high efficiency, better properties to withstand rough environmental conditions, and a longer life that is best suited for the consumer, automotive, and media and entertainment applications.
This report describes the market trends, drivers, and challenges with respect to the 3D Sensor Market and forecasts the market up to 2020.
The Asia-Pacific region is the largest in terms of the 3D Sensor Market value. The Americas has been identified as the fastest growing region and a leader in the 3D sensor systems, with the U.S leading the way. Europe also has a very promising market, comprising Germany and the U.K., while the ROW also bestows an impetus to the growth of this market.
The competitive landscape of the market presents a very interesting picture, where a large number of small players have become forces to reckon with. The market is witnessing large scale collaborations and partnerships across the value and supply chain, among the number of tier-one players around the globe.
Major players in this field include, Infineon Technologies (Germany), Prime Sense (Israel), LMI Technologies (Canada), SoftKinetic (Belgium), Cognivue (Canada), IFM Electronic (Germany), Source Fire (U.S.), ASUSTeK Computer Inc. (Japan), Omnivision Technologies (U.S.), and Panasonic Corporation (Japan). These companies have all been anaysed in the report in terms of 3D sensors.
