The 3D sensor is in high demand and is experiencing a golden period. Market Research Future suggests that the global 3D market is gaining exponential traction and it is expected to expand at 28% CAGR while achieving a valuation of USD 4,807 million from USD 1,123.5 million in 2017, during the forecast period. With the rising adoption of 3D sensors in many industries is the key factor behind the growth of the market, which will pull the expansion scenario until the forecast period.

Regional Outlook

[FURL=https://www.marketresearchfuture.com/reports/3d-sensor-market-1104]3D Sensor Technology Market[/FURL] study, region-wise, has been done across North America, Europe, Asia-Pacific, and the rest of the world.

Among these, Asia-Pacific attained the largest market share of 35.9% in 2017 and achieved a market valuation of USD 403.5 million. In the latest, the market is likely to record the highest CAGR of 31.2% during the forecast period. The progress of the market in this region is driven by the surged adoption of 3D sensors for transportation and logistics, medical devices, automobiles, and consumer electronics. Also, the popularity of connected devices coupled with the adoption of object detection devices for security solutions is therefore likely to fuel market growth.

North American region is also anticipated to observe a significant growth in the 3D sensors market as there is a massive presence of major key players such as Microsoft Corporation, Intel Corporation, and Microchip Technology, Inc. Apart from this, this region has been the earliest adopter of AR/VR technology, connected devices, and IoT, which resulted in the growth of the 3D sensors market in this region.

In the end, the European region is also witnessing a significant demand for 3D sensing technology from the evolution of smart homes and gaming applications. The UK has primarily adopted the concept of smart homes, which has largely contributed to the demand for 3D sensors market in this region.

Key Players

Qualcomm Technologies Inc. (US), ST Microelectronics NV (Switzerland), Infineon Technologies AG (Germany), Intel Corporation (US), Microchip Technology, Inc. (US), Sony Corporation (Japan), Microsoft Corporation (US), ASUSTeK Computer Inc. (Taiwan), AMS AG (Austria), Texas Instruments Incorporated (US), Sick AG (Germany), Cognex Corporation (US), Finisar Corporation (US), Occipital Inc. (US), and Xovis AG (Switzerland) are some of the well-known players in the global 3D sensors market.

About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

Contact:

Email: sales@marketresearchfuture.com

Blog: http://mrfrblog.com/