Sensors is estimated to grow at a 25.5% CAGR for the forecast period 2015 – 2020

Press Release   •   Nov 03, 2016 16:57 EDT

3D Sensors are a collection of key technologies and components which enable and expand the range of myriad products across industries. Gesture recognition, facial and motion detection, industrial automation, home automation and security are most popular areas enabled exclusively due to the availability of 3D sensors and systems to various product OEMs and ODMs. These components and technologies are embedded in the products or in certain cases act as a standalone segment, depending on the use case scenarios.

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Gesture recognition is one of the key segments driving the growth of the 3D Sensors market and is defined as a technology of interpreting human gestures to perform computational and consequent mechanical tasks by the use of sensing technologies and mathematical algorithms. Sensing technologies like infrared, and electric field sensing are the most commonly using techniques in different electronic devices to detect gestures. 3D Sensor is inherently more useful in consumer electronics as this industry produces products which have maximum interaction capabilities with humans on a day to day basis. The gesture recognition market had revenues of around $13.2 billion in 2014 and this is estimated to grow to around $20.3 billion in 2020.The 3D Sensor market had revenues of around $2.52 billion in 2014 and is comparatively smaller than the overall gesture recognition industry. The demand for 3D Sensors is estimated to grow at a 25.5% CAGR for the forecast period 2015 – 2020. Currently the Consumer Electronics contributes around 32% of the total 3D Sensor market. Image sensor and camera based 3D Sensor is expected to dominate the Smartphone’s and tablet pc’s market in this period. North America is expected to dominate the market in revenue share followed by Asia pacific.

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The top five companies in 3D sensors market are:

  • Intel (U.S),
  • Microchip (U.S),
  • Qualcomm (U.S),
  • pmd technologies (Germany),
  • SoftKinetic (Germany).

Innovative products and technologies are revolutionizing the 3D Sensor market in Consumer Electronics. The 3D sensing boasts features like scanning real time objects, face recognition and background substitution. Google recently launched a prototype of its new smart phone ‘Tango’. This smart phone can create a 3D map of its immediate environment. At the heart of ‘Tango’ is a 3d sensor made by ‘Primesense’ a 3D sensor manufacturing company which was later acquired by Apple.

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