3D Sensing and Imaging Market Forecasted to Reach $115.3 Billion by 2030
Meticulous Research®—a leading global market research company, published a report titled, ‘3D Sensing and Imaging Market, by Type, Technology (LiDAR, Structured Light, Time-of-Flight), Application (Medical Imaging, Industrial Automation), and End-use Industry (Consumer Electronics, Healthcare, Others), and Geography - Global Forecast to 2030.’
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In the
latest analysis released by Meticulous Research®, the 3D sensing and imaging
market is forecasted to achieve a valuation of $115.3 billion by 2030,
showcasing a robust compound annual growth rate (CAGR) of 24.2% spanning from
2023 to 2030. This upward trajectory is propelled by several factors, including
the escalating demand for devices equipped with 3D sensing capabilities, the
prevailing preference for VCSELs (Vertical-Cavity Surface-Emitting Lasers) over
LEDs, and the expanding applications of 3D imaging sensors across various
industries.
Furthermore,
the market's growth is spurred by the rising demand for advanced
driver-assistance systems (ADAS), the burgeoning adoption of 3D imaging
technology in medical settings, and the incorporation of 3D accelerometers in
smartphones and gaming consoles. These trends underscore the evolving landscape
of 3D sensing and imaging, with increasing integration across sectors and
applications.
Despite
these promising trends, challenges persist, primarily stemming from the high
installation costs associated with 3D sensing technologies and the imperative
to enhance their accuracy, effectiveness, and resilience. Additionally, the
emergence of liquid lenses for enhanced vision and the widespread adoption of
Industry 4.0 technologies represent notable trends shaping the market's
trajectory.
Key
Players:
Segmentation-wise,
the 3D sensing and imaging market is delineated based on type,
technology/modality, application, end-use industry, and geography. Within this
framework, significant players in the industry are profiled, including
STMicroelectronics N.V., Infineon Technologies AG, Microchip Technology Inc.,
Viavi Solutions Inc., among others, reflecting the competitive landscape
driving innovation and advancement within the sector.
Across
these segments, distinct trends emerge. For instance, the consumer electronics
segment is poised to dominate the market, driven by increasing smartphone and
camera adoption, while the healthcare segment is anticipated to witness the
highest growth rate, propelled by the expanding applications of 3D imaging
technology in medical imaging.
Geographic
Overview:
Geographically,
North America is expected to maintain its position as the leading market,
driven by the demand for 3D sensing optical technologies and virtual solutions
across diverse sectors. Conversely, Asia-Pacific is projected to exhibit the
highest growth rate, indicative of the region's growing appetite for advanced
technologies and solutions.
In
essence, the trajectory of the 3D sensing and imaging market reflects a dynamic
landscape characterized by innovation, technological advancement, and evolving
consumer preferences, with significant opportunities for growth and expansion
on the horizon.
About Meticulous
Research®:
Meticulous Research® was founded
in 2010 and incorporated as Meticulous Market Research Pvt. Ltd. in 2013 as a
private limited company under the Companies Act, 1956. Since its incorporation,
the company has become the leading provider of premium market intelligence in
North America, Europe, Asia-Pacific, Latin America, and the Middle East &
Africa.
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