Market Synopsis
The global depth sensing market is expected to exhibit a strong 11.64% CAGR over the forecast period from 2018 to 2023, according to the latest research report from Market Research Future (MRFR). The global depth sensing market is expected to reach a valuation of USD 7.43 billion by 2023, according to the report. The major players operating in the global depth sensing market are profiled in the report, to provide readers a clear overview of the competitive landscape of the global depth sensing market. Major drivers and restraints affecting the global depth sensing market Size are also examined in the report. Major trends active in the global depth sensing market are identified and examined in the global depth sensing market report, in order to give readers an accurate overview of the major factors affecting the market’s movement. The report also examines the impact of the COVID-19 pandemic on the global depth sensing market.
Depth sensing involves measuring the distance of an object relative to a particular viewpoint using depth sensors. Depth sensing is done using two types of methods, which include passive methods and active methods. Stereo vision is used in passive depth sensing method, while Time-of-Flight (ToF) and structured light is used in active depth sensing method. Structured light provides the best depth accuracy performance; however, it has the shortest depth sensing range, whereas the range of ToF depth sensing depends on the emitting power of the light source. Depth sensors work by projecting a set of patterns onto the object using an optical 3-D scanning method (as in structured light) or by obtaining travel-time information by measuring the delay or phase-shift of a modulated optical signal for all pixels in the scene (as in ToF).
Increasing demand for depth sensors in applications such as augmented reality and virtual reality, gesture control, and face recognition is fueling the growth in demand for depth sensing across the globe. The global depth sensing market is growing at a significant pace owing to factors such as the increase in the use of depth sensing technology in gaming applications and the rise in the need for enhanced security and surveillance systems among various end users. Moreover, increasing application of depth sensing techniques in smartphones to enable facial detection, recognition, and authentication is expected to propel the demand for depth sensing during the forecast period. However, the high costs of depth sensors and the necessity of the perfect angle for stereo depth sensing are some factors affecting the market growth and are expected to hamper the global depth sensing market in the years to come.
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Market Segmentation
The global depth sensing market can be segregated into technology, component, vertical, type, and region.
On the basis of technology, the global depth sensing market can be classified into structured light, stereo vision, and time of flight.
On the basis of component, the global depth sensing market can be classified into sensors, camera or lens module, and illuminator.
On the basis of vertical, the global depth sensing market can be classified into industrial, automotive, medical, consumer electronics, and others.
On the basis of type, the global depth sensing market can be classified into active and passive depth sensing.
On the basis of region, the global depth sensing market can be classified into Europe, North America, Asia-Pacific, and the Rest of the World (RoW).
Regional Analysis
The geographical analysis of Europe, North America, Asia-Pacific, and the Rest of the World (RoW) has been conducted. The global market for depth sensing is likely to expand considerably during the forecast period from 2018 to 2023. As per the analysis, the APAC region leads the global market due to the increasing demand for depth sensing in consumer electronics, which comprises of gaming headsets, tablets, and smartphones. On the other hand, North America is estimated to witness considerable growth during the review period owing to the rising demand for 3D imaging technology, increased proliferation of gaming and video content. The region is propelling due to the fast adoption of 3D sensors. The deployment of 3D sensors is increasing in various end-user verticals such as healthcare, automotive, and aerospace and defense, and automotive.
Key Players
The most significant players of the worldwide depth sensing market are Intel (US), Texas Instruments (US), Infineon Technologies (Germany), Qualcomm (US) Stereolabs (US), Creative Technology (Singapore), Espros Photonics Corporation (Switzerland), pmdtechnologies AG (Germany), Sony Depthsensing Solutions (Belgium), BECOM Bluetechnix GmbH (Austria). Some of the other players are LIPS Corporation (Taiwan), Nerian Vision Technologies (Germany), Aquifi (US), Melexis (Belgium), Vrmagic Holding AG (Germany), Tower Semiconductor (Israel), Occipital (US), PrimeSense (Israel), Sunny Optical Technology (China), ASUSTeK Computer (Taiwan).
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