3D Sensor Market to Reach USD 9.4 Billion by 2026, Driven by Growing Adoption in Consumer Electronics

Strategic Insights -

The 3D sensor market size is estimated to be USD 2.7 billion in 2021 and is projected to reach USD 9.4 billion by 2026, growing at a CAGR of 28.1% from 2021 to 2026. The growth of the market can be attributed to the increasing adoption of 3D sensors in various devices, including smartphones, laptops, and gaming consoles, as well as the growing demand for virtual reality and augmented reality applications.

Key Takeaways:

  • The 3D sensor market includes major Tier I and II players such as Infineon Technologies AG, OmniVision Technologies, Inc., Sony Corporation, Cognex Corporation, Lumentum Operations LLC, and others, which have a strong market presence across various countries in North America, Europe, APAC, and RoW.
  • The rising demand for 3D sensing-enabled consumer electronics is driving the growth of the market, with 3D image sensor type expected to grow at the highest rate during the forecast period.
  • Companies such as Apple, Google, and Microsoft are incorporating 3D image sensors into their smartphones, tablets, laptops, and other devices, which is expected to boost the 3D sensor market during the forecast period.
  • The consumer electronics end-use industry is expected to hold the largest market size of the 3D sensor market during the forecast period, driven by the increasing adoption of biometric scanning and other cutting-edge 3D sensing technologies.
  • The 3D sensor market in North America is expected to hold the highest market share during the forecast period, driven by the presence of key manufacturers of consumer electronics and the growth of the consumer electronics industry.
  • Key players in the 3D sensor market include Infineon Technologies AG (Germany), OmniVision Technologies, Inc. (US), Sony Corporation (Japan), Cognex Corporation (US), Lumentum Operations LLC (US), ifm electronic gmbh (Germany), Intel Corporation (US), KEYENCE CORPORATION. (Japan), and LMI Technologies Inc. (Canada).

Statistics:

  • The 3D sensor market size is estimated to be USD 2.7 billion in 2021.
  • The market is projected to reach USD 9.4 billion by 2026, growing at a CAGR of 28.1% from 2021 to 2026.
  • The 3D image sensor type is expected to grow at the highest rate during the forecast period, driven by the increasing adoption of biometric scanning and other cutting-edge 3D sensing technologies.
  • The consumer electronics end-use industry is expected to hold the largest market size of the 3D sensor market during the forecast period, with a market share of 44.1% in 2026.
  • The 3D sensor market in North America is expected to hold the highest market share during the forecast period, with a market share of 35.1% in 2026.

Sources:

  • MarketsandMarkets, "3D Sensor Market with COVID-19 Impact, by Type (Image Sensors, Position Sensors), Technology (Time of Flight, Structured Light), End-use Industry (Consumer Electronics, Industrial Robotics, Automotive), and Region, Global Forecast to 2026"
  • MarketsandMarkets, "3D Scanner Market with COVID-19 Impact by Offering (Hardware, Software and Solutions, Services), Type (3D Laser Scanners, Structured Light Scanners), Range, Technology, Product, Application, End-Use Industry, Region - Global Forecast to 2026"
  • MarketsandMarkets, "3D and 4D Technology Market with COVID-19 Impact Analysis by Solution Type (3D Output Devices, 3D and 4D Input Devices), End-use Application (3D and 4D Gaming), Vertical (Entertainment, Consumer Electronics), Geography - Global Forecast to 2025"