The global market for 3D imaging sensors and hardware subsystems are set to grow from US$8.2 billion in 2017 to US$57.9 billion by 2025 with a CAGR of 28 percent, according to a report by Tractica.
3D images can be captured using different sensors to extract depth information thanks to advances in computer vision technology. The low cost and versatility of computer vision technology is driving the market and reaching a range of application markets including automotive, consumer and mobile, robotics and industrial.
The mobile and automotive application markets will continue to be the leading application markets from 2017 to 2025. The industrial market is expected to experience the highest growth, with CAGR of 53 percent, while the mobile market is expected to become the largest market for 3D sensors and hardware subsystems, accounting for US$18.1 billion in 2025.
“3D imaging technology is gaining market traction and the pace of adoption is accelerating,” said Amamd Joshi, principal analyst at Tractica. “The camera is continuing to gain in popularity as the sensor of choice, and LiDAR is the other sensor that has emerged as a leading technology. Others, such as radar, have kept a low profile, yet continue to be popular and complementary to the other sensor types.”
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