3D Sensing and Imaging Market to be Worth $115.3 Billion by 2030

1. 3D Sensing and Imaging Market Worth $115.3 Billion by 2029

2. Global 3D Sensing and Imaging Market – 2022-2029 According to the latest publication from Meticulous Research®, the 3D sensing and imaging market is expected to reach $115.3 billion by 2029, at a CAGR of 24.1% during the forecast period 2022–2029. The growth of this market is attributed to the surge in demand for 3D sensing integrated devices, rising use of VCSELs over LEDs, growing demand for ADAS, increasing emphasis and investment for cutting-edge security & surveillance solutions, and growing demand for 3D image sensors across various verticals. In addition, the rising demand for optical 3D sensing in industrial applications, increasing government initiatives to support industrial automation, growing awareness regarding the benefits of 3D imaging technology in the medical field/imaging, the rising popularity of drone cameras, and growing demand for 3D accelerometers in smartphones and gaming consoles are expected to offer significant opportunities for growth of this market. However, the high installation cost is hindering the implementation of 3D sensing and imaging technologies. Also, the limitation of connected devices is a major challenge to the growth of this market. The 3D sensing and imaging market is segmented by type, technology/modality, application, and end-use industry. The study also evaluates industry competitors and analyzes the market at the region/country level. Based on type, the 3D sensing and imaging market is segmented into 3D sensing and 3D imaging. In 2022, the 3D imaging segment is estimated to account for the largest share of the 3D sensing and imaging market. The growth of this segment is attributed to the widespread adoption of 3D imaging technology in various medical devices, including X-ray devices, CT scanners, and MRI devices; increasing adoption of cloud-based 3D imaging solutions; and increasing implementation in gaming & entertainment applications. However, the 3D sensing segment is projected to register the highest CAGR during the forecast period. 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 2022, the LiDAR segment is estimated to account for the largest share of the 3D sensing and imaging market. The growth of this segment is attributed to the rapid growth of automated driving vehicles, 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 Time-of-Flight segment is projected to register the highest CAGR during the forecast period. Based on application, the 3D sensing & imaging market is segmented into security & surveillance, mapping & imaging, industrial automation, medical imaging, navigation, scanning, surveying, and other applications. In 2022, the security & surveillance segment is estimated to account for the largest share of the 3D sensing & imaging market. The growth of this segment is attributed to the rising need for 3D imaging mobile surveillance; increasing Page 1 of 3 © Meticulous Research| sales@meticulousresearch.com

3. Global 3D Sensing and Imaging Market – 2022-2029 implementation of 3D LiDAR cameras to secure various temporary and remote sites, such as construction sites, storage areas, and parking areas; growing need for innovative outdoor remote security applications; and increasing integration of 3D LiDAR sensors and security cameras to ensure the security of remote areas. However, the industrial automation segment is projected to register the highest CAGR during the forecast period. Based on end-use industry, the 3D sensing and imaging market is segmented into automotive, transportation & logistics, consumer electronics, defense & aerospace, healthcare, manufacturing & warehouses, media & entertainment, architecture, engineering & construction, and others. In 2022, the consumer electronics industry segment is estimated to account for the largest share of the 3D sensing and imaging market. The growth of this segment is attributed to the increasing adoption of facial recognition technology in consumer electronics devices, the rising need for high-performance in-depth sensing in photography and VR applications for game consoles, and increasing integration of 3D sensing technology in consumer electronics devices. However, the healthcare industry segment is projected to register the highest CAGR during the forecast period. Based on geography, the 3D sensing and imaging market is segmented into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. In 2022, the North America region is estimated to account for the largest share of the 3D sensing and imaging market. The growth of this region is attributed to the rising demand for 3D sensing optical technologies such as face recognition, facial payments, animoji creation, and augmented/virtual reality in various sectors; a surge in demand for virtualized solutions in the robotics industry; increasing investments for R&D process and widespread adoption of the 3D technology; high dependency of the movie industry on motion capture technology; the high adoption of advanced technologies; and the existence of key market vendors and their forthcoming products. However, the Asia-Pacific region is projected to register the highest CAGR during the forecast period. Download Sample Report Here: https://www.meticulousresearch.com/download- sample-report/cp_id=5358 Key Players The key players operating in the 3D Sensing and imaging market are Infineon Technologies AG (Germany), Microchip Technology Inc. (U.S.), KEYENCE CORPORATION (Japan), Google (U.S.), Autodesk Inc. (U.S.), Rockwell Automation, Inc. (U.S.), Cognex Corporation (U.S.), STMicroelectronics (Switzerland), OMNIVISION (U.S.), SICK AG (Germany), Panasonic Life Solutions India Pvt. Ltd. (Japan), Sony Corporation (Japan), Lumentum Operations LLC (U.S.), FARO (U.S.), Occipital, Inc. (U.S.), LMI TECHNOLOGIES INC. (Canada), VIAVI Solutions Inc. (U.S.), Trimble Inc. (U.S.), General Electric Company (U.S.), Balluff GmbH (Germany), and Lockheed Martin Corporation (U.S.). Page 2 of 3 © Meticulous Research| sales@meticulousresearch.com

4. Global 3D Sensing and Imaging Market – 2022-2029 Key questions answered in the report- •Which are the high-growth market segments based on type, technology/modality, application, and end-use industry? •What was the historical market for 3D sensing and imaging technologies? •What are the market forecasts and estimates for the period 2022–2029? •What are the major drivers, restraints, opportunities, and challenges in the 3D Sensing and imaging market? Contact Us: Meticulous Research® Email- sales@meticulousresearch.com Contact Sales- +1-646-781-8004 Connect with us on LinkedIn- https://www.linkedin.com/company/meticulous- research Page 3 of 3 © Meticulous Research| sales@meticulousresearch.com