3D Sensing and Imaging Market

3D Sensing and Imaging Market Size

             2020                         2024-2032      

Report	Details
Market Size Value	USD 9.5 billion in 2024
Market Size Value	USD 30.8 billion by 2032
CAGR	14.0%
Forecast Period	2024-2032
Base Year	2023
Historic Data	2020

The growth of the 3D sensing & imaging market is fueled by several factors. There is a rising demand for devices equipped with 3D sensing capabilities, a preference for Vertical Cavity Surface Emitting Lasers (VCSELs) over LEDs, an increasing need for Advanced Driver Assistance Systems (ADAS), and a growing utilization of 3D imaging sensors across various industries. Additionally, there is an increasing demand for optical 3D sensing capabilities in industrial applications, supported by government initiatives promoting industrial automation. Moreover, awareness regarding the benefits of 3D imaging technology in medical applications and the integration of 3D accelerometers in smartphones and gaming consoles contribute to market growth.

However, the market's growth faces some restraints, including the high installation cost and the need to enhance the accuracy, effectiveness, and robustness of 3D sensing technologies. These challenges hinder the full potential of the 3D sensing & imaging market. On the other hand, key trends observed in the market include the rising adoption of liquid lenses for improved vision and the increasing acceptance of Industry 4.0 technologies. These trends indicate the evolving landscape and potential opportunities in the 3D sensing & imaging market.

Increasing Adoption of Liquid Lenses for Better Vision is Expected to Drive the Growth of the 3D Sensing and Imaging Market

Liquid lenses find applications in various fields, including digital photography, industrial data capture, barcode reading, and biometric data acquisition. Their adaptability, speed, and versatility make them well-suited for a wide range of machine vision, life science, measuring, and inspection applications.

One of the primary advantages of liquid lenses lies in their ability to be used simultaneously in multiple applications. This feature proves especially valuable in high-volume production settings where objects of different sizes are utilized. For instance, in a pharmaceutical company, liquid lenses can be employed for machine vision inspection of various capsules, pills, and soft gels. Traditional lenses would require multiple image systems to inspect each product or constant adjustments to the depth of focus on a single image system. With liquid lenses, different object distances can be programmed into the imaging system, eliminating the need to halt production or change focus depths. This inherent flexibility has spurred the demand for liquid lenses in diverse industrial applications.

Major applications of liquid lenses are as follows:

• Machine Vision: In high-volume assembly lines, achieving fast, accurate, and precise throughput is essential. To address the need for focusing on multiple distances, integrating a liquid lens into an inspection system proves to be an optimal, compact, and cost-effective solution. Liquid lenses are particularly well-suited for tasks such as barcode inspection, package sorting, quality control, and automation.
• Life Sciences: Liquid lenses play a significant role in enhancing and simplifying focus stacking in microscopy imaging applications. Within the field of ophthalmology, where precise refraction control and depth of field adjustment are critical, liquid lenses are frequently employed.
• Unmanned Aerial Vehicles: The inclusion of a liquid lens in the imaging system of unmanned aerial vehicles (UAVs) ensures image sharpness at various heights. Liquid lenses offer notable advantages in applications such as agricultural inspection and monitoring, geographic information systems, and surveillance.
• Measurement and Dimensional Rendering: When combined with a distance sensor and camera, a liquid lens enables swift imaging of different planes of a 3D object. Software then stitches these images together to achieve accurate three-dimensional rendering.

Key Findings in the 3D Sensing and Imaging Market Study:

In 2023, the 3D Imaging Segment is Estimated to Dominate the 3D Sensing and Imaging Market

The 3D sensing and imaging market is divided into two main segments based on type: 3D sensing and 3D imaging. By 2023, the 3D imaging segment is expected to dominate the global market. This growth is attributed to the increasing adoption of cloud-based 3D imaging solutions and the rising demand for 3D image sensors from various industries, such as media & entertainment, architecture and construction, and archaeological studies. On the other hand, the 3D sensing segment is projected to experience the highest compound annual growth rate (CAGR) during the forecast period.

In 2023, the LiDAR Technology/Modality Segment is Estimated to Dominate the 3D Sensing and Imaging Market

Based on technology/modality, the 3D sensing and imaging market is segmented into LiDAR, stereoscopic imaging/vision, Time-of-Flight (ToF), structured light, laser triangulation, radar, ultrasound, X-ray, and other technologies. In 2023, the LiDAR segment is expected to account for the largest share of the global 3D sensing & imaging market. The large market share of this segment is attributed to the rapid growth of automated driving vehicles, the rising adoption of UAVs, and a surge in the need for better geospatial solutions that provide essential information for reliable object detection and collision avoidance by generating precise 3D images of the vehicle. However, the structured light segment is expected to record the highest CAGR during the forecast period.

In 2023, the Security & Surveillance Segment is Estimated to Dominate the 3D Sensing and Imaging Market

Regarding applications, the 3D sensing & imaging market encompasses various sectors, including security & surveillance, mapping & imaging, industrial automation, medical imaging, navigation, scanning, surveying, and other applications. In 2023, the security & surveillance segment is projected to hold the largest share of the global market. The significant market share of this segment is attributed to the rising need for 3D imaging mobile surveillance, the increasing implementation of 3D LiDAR cameras to secure various temporary and remote sites, such as construction sites, storage areas, and parking lots, and the growing demand for innovative outdoor remote security applications. Additionally, the security & surveillance segment is expected to achieve the highest CAGR during the forecast period.

In 2023, the Consumer Electronics Segment is Estimated to Dominate the 3D Sensing and Imaging Market

Regarding end-use industries, the 3D sensing and imaging market includes automotive, transportation & logistics, consumer electronics, defense & aerospace, healthcare, manufacturing & warehouses, media & entertainment, architecture, engineering & construction, and others. In 2023, the consumer electronics segment is anticipated to hold a considerable share of the global market. This growth is mainly attributed to the rising adoption of smartphones, cameras, and laptops due to an increase in per capita income, the remote work trend, and advancements in consumer lifestyles. However, the healthcare segment is projected to register the highest CAGR during the forecast period.

In 2023, the North American region is Estimated to Dominate the 3D Sensing and Imaging Market

In terms of geography, the 3D sensing and imaging market is segmented into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. By 2023, North America is expected to hold the largest share of the global market. The significant factors driving the market's growth in this region include the rising demand for 3D sensing optical technologies, such as face recognition, facial payments, and augmented/virtual reality, across various sectors, including healthcare. Additionally, there is a surge in demand for virtualized solutions in robotics, and advanced technologies are widely adopted to ensure the security of remote areas. However, Asia-Pacific is projected to achieve the highest CAGR during the forecast period, indicating rapid market growth in the region.

Key Players

The report includes a competitive landscape based on an extensive assessment of the key growth strategies adopted by the leading market participants in the industrial analytics market in the past few years. The key players profiled in the 3D sensing and imaging market report are STMicroelectronics N.V. (Switzerland), Infineon Technologies AG (Germany), Microchip Technology Inc. (U.S.), Viavi Solutions Inc. (U.S.), Rockwell Automation, Inc. (U.S.), KEYENCE CORPORATION (Japan), Suteng Innovation Technology Co., Ltd. (China), Autodesk Inc. (U.S.), Cognex Corporation (U.S.), OMNIVISION Technologies, Inc. (U.S.), SICK AG (Germany), Panasonic Holdings Corporation (Japan), Sony Group Corporation (Japan), Lumentum Holdings Inc. (U.S.), FARO Technologies, Inc. (U.S.), Occipital, Inc. (U.S.), LMI Technologies Inc. (Canada) (A Subsidiary of TKH Group N.V.), Trimble Inc. (U.S.), and Balluff GmbH (Germany).

Scope of the Report:

3D Sensing and Imaging Market, by Type

• 3D Imaging      
• 3D Sensing

3D Sensing and Imaging Market, by Technology/Modality

• LiDAR
• Stereoscopic Imaging/Vision
• Time-of-Flight (ToF)
• Structured Light
• Laser Triangulation
• Radar
• Ultrasound
• X-ray   
• Other Technologies (Rangers, Arrays, etc.)        

3D Sensing and Imaging Market, by Application

• Security & Surveillance
• Mapping & Imaging
• Industrial Automation
• Medical Imaging
• Navigation
• Scanning
• Surveying
• Other Applications (Displays, Morphing, etc.)

3D Sensing and Imaging Market, by End-use Industry

• Automotive, Transportation & Logistics
• Consumer Electronics
  • Smartphones
  • Cameras
  • Laptops
  • Televisions
  • Scanners
  • Other Consumer Electronics (Wearables, kiosk Devices, AR/VR Devices, etc.)                
• Defense & Aerospace
• Healthcare
• Manufacturing & Warehouses
  • Industrial Robotics
  • AGV
  • Other Manufacturing & Warehouses
• Media & Entertainment
  • Film
  • Gaming
  • Others (Advertisement, Animation, etc.)
• Architecture, Engineering & Construction
• Other End-use Industries (Government & Public Sector, Agriculture & Farming, Utilities, Mining, etc.)

3D Sensing and Imaging Market—by Geography

• North America
  • U.S.
  • Canada
• Asia-Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia & New Zealand
  • Singapore
  • Thailand
  • Malaysia
  • Indonesia
  • Rest of Asia-Pacific
• Europe
  • Germany
  • U.K.
  • France
  • Italy
  • Spain
  • Sweden
  • Netherlands
  • Poland
  • Russia
  • Rest of Europe
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Israel
  • Rest of Middle East & Africa