3D Depth Sensor Market Current Status and Future Prospects | Cognex, IFM Electronic, Infineon Technologies
HTF Market Report
Updated · May 19, 2023
- Cognex Corporation, (US),
- IFM Electronic (Germany),
- Infineon Technologies (Germany),
- Keyence Corporation (Japan),
- LMI Technologies (Canada),
- Lumentum Operations LLC (US),
- Microchip Technology (US),
- Occipital Inc (US),
- Omnivision Technologies (US),
- PMD Technologies (Germany),
- SoftKinetic (Belgium),
- Sony Corporation (Japan)
- Position Sensor,
- Image Sensor,
- Temperature Sensor,
- Accelerator Sensor,
- Video Calling,
- Gesture Recognition,
- Innovation and advancement in new technologies have spurred demand for enhanced features in a variety of consumer gadgets, including smartphones, televisions, tablets, and augmented reality applications.
- The use of 3D sensors has increased in the aforementioned products to improve the consumer experience.
- The abilities of navigation and object detection are highly valued in industrial robots. Three-dimensional sensors can satisfy those needs. The healthcare industry gains from the use of 3D sensors for 3D imaging, surgical navigation, and diagnostics.
- Growing consumer and governmental healthcare spending is a crucial component of the market’s growth.
- The development of the self-driving capability provided by various car companies has led to greater usage of three-dimensional depth sensors to map the environment and navigate through it.
- The numerous existing and potential applications across numerous sectors are expected to drive the market for 3D depth sensors.
- The ability to create personalized 3D models of objects thanks to advancements in 3D printing technology has increased the use of 3D sensors. Before it can be printed, a digital 3D model needs to be built using 3D sensors.
- 3D depth sensors are often utilized in industrial quality control and inspection operations to improve accuracy and efficiency.
- Medical imaging, surgical navigation, and diagnosis are the newest applications of 3D sensors in healthcare. Consumer electronics are increasingly using 3D sensors with an emphasis on user happiness.
- For businesses to succeed in the market, having a talented team is a requirement. The company’s expansion is being hampered by the high attrition rate in the IT industry.
- The 3D sensor’s ability to acquire personal data makes market expansion difficult due to growing privacy concerns.
- However, the problem may be lessened with the creation of regulating organizations and strict restrictions. High-precision 3d imaging is necessary for some industrial applications, although this may not be attainable with the current technology.
- The lack of accuracy poses a problem for market expansion.
- A WHO analysis shows that consumer healthcare spending has increased in recent years. Additionally, governments in developing countries are making significant investments in the infrastructure of the healthcare sector with an emphasis on value-based healthcare systems.
- Due to the aforementioned factors, the market for 3D sensors is quite profitable because they are used in cutting-edge medical procedures including surgery and diagnosis.
- It is expected that the robotics industry will almost double in size. 3D sensors are necessary for robotic object recognition, manipulation, and navigation. As a result, the market for 3D sensors is growing as the robotics industry grows.
- The expensive price of 3D sensors compared to 2D equivalents may limit their use in the industry.
- The intricacy of the 3D sensor may make integration into other technologies challenging. Because 3D depth sensors might not provide the level of accuracy required for specific applications, accuracy concerns are tied to them.
- Being cutting-edge technologies, their accessibility is a significant problem in some places. Companies may find this difficult since they might not locate the right sensor for what they require. The market’s growth is constrained by the costs, complexity, accuracy, and availability factors.
|Market Forecast (2029)||USD 9.4 Bn|
|Current Market Size (2022)||USD 2.7 Bn|
|Dominating Segment||Position Sensor|
|Major Players Profiled||IFM Electronic (Germany), Infineon Technologies (Germany), Keyence Corporation (Japan), LMI Technologies (Canada), Lumentum Operations LLC (US), Microchip Technology (US), Occipital Inc (US), Omnivision Technologies (US), PMD Technologies (Germany), SoftKinetic (Belgium), Sony Corporation (Japan), Cognex Corporation, (US),|
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