Industrial, Manufacturing & Heavy Industry Market News

Depth sensing market worth 7.72 billion USD by 2023

Industrial Market Research

The depth sensing market is expected to grow from USD 4.40 Billion in 2018 to USD 7.72 Billion by 2023, at a CAGR of 11.89% between 2018 and 2023. The major factors driving the growth of this market include the growing smartphone market, increasing adoption of dual cameras in smartphones, rising use of depth sensing technology in AR-VR gaming applications, and increasing requirement of security and surveillance systems.

According to the new market research report on the "Depth Sensing Market by Component, Type, Technology (Stereo Vision, Structured Light, Time-of-Flight), Vertical (Automotive, Building Automation, Consumer Electronics, Industrial and Medical) and Geography - Global Forecast to 2023", this market is expected to grow from USD 4.40 Billion in 2018 to USD 7.72 Billion by 2023, at a CAGR of 11.89%   between 2018 and 2023. The major factors driving the growth of the depth sensing market include the growing smartphone market, increasing adoption of dual-camera smartphones, rising use of depth sensing technology in AR-VR gaming applications, and increasing requirement of security and surveillance systems.

Access report at www.marketsandmarkets.com/Market-R…et-257333189.html

Camera/lens module to hold largest market size by 2023

Camera/lens module is likely to propel the depth sensing market growth owing to the increasing demand for better quality images and applications such as face recognition, gesture control, and gaming.

Access Report @ www.marketsandmarkets.com/pdfdownload.asp?id=257333189

Market for time-of-flight technology to grow at highest CAGR during 2018–2023

The depth sensing market for time-of-flight technology is likely to grow at the highest CAGR during the forecast period. The growth of the depth sensing market for time-of-flight technology can be attributed to the low power consumption, accurate depth data, and relatively simple software and hardware requirements.

Consumer electronics vertical to hold larger share of depth sensing market by 2023

Consumer electronics vertical is expected to contribute significantly to the depth sensing market. Owing to the increasing demand for applications such as face recognition, gesture control, AR-VR, and scanning.

Depth sensing applications such as AR-VR gaming, infrastructure 3D model, and navigation mainly require 3D scanning or environmental scanning. To meet the demands of these applications, the market for scanning applications is expected to increase during the forecast period.

For example, Creative (US) offers BlasterX Senz3D; this module is used for 3D scanning applications

Depth sensing market in APAC to grow at highest CAGR during 2018–2023

The market in APAC is expected to grow at the highest CAGR during the forecast period.  APAC is the largest- and fastest-growing market because more than 95% of the demand for depth sensing is from consumer electronics applications, which includes smartphones and tablets, laptops, and gaming headsets.

Make an Inquiry @ www.marketsandmarkets.com/Enquiry_….asp?id=257333189

The report also profiles the most promising players in this market. The competitive landscape of the market presents an interesting picture where a large number of players have become a force to reckon with.

Texas Instruments (US), Infineon Technologies (Germany), Qualcomm (US), Occipital (US), Stereolabs (US), Creative (Singapore), pmdtechnologies (Germany), Sony Depthsensing Solutions (Belgium), BECOM BLUETECHNIX (Austria), Intel (US), Melexis (Belgium), Tower semiconductor (Israel), Vrmagic (Germany), Aquifi (US), Nerian Vision Technologies (Germany), Espros (Switzerland), Sunny Optical Technology (China), PrimeSense (Israel), ASUSTeK Computer (Taiwan), and LIPS Corporation (Taiwan) are the key players in this market.

News From

MarketsandMarkets™ - Business ResearchMarketsandMarkets™
Category: Market Research Publishers and RetailersCompany about: MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions. Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth ...
This email address is being protected from spambots. You need JavaScript enabled to view it.