3D Imaging Sensor and Hardware Subsystem Market to Reach $57.9 Billion Worldwide by 2025, According to Tractica
January 23, 2019
Mobile, Automotive, Drones, and Consumer Applications Will Lead in 3D
Camera and Sensor Adoption
BOULDER, Colo.–(BUSINESS WIRE)–lt;a href=”https://twitter.com/hashtag/3dcameras?src=hash” target=”_blank”gt;#3dcameraslt;/agt;–With advances in computer vision technology, it has become possible to
capture 3D images using many different sensors and, in the process, to
extract depth information. According to a new report from Tractica,
the low cost and versatility of this computer vision technology is now
reaching a wide range of application markets that include automotive,
consumer and mobile, robotics and industrial, and drones, among others.
Tractica’s analysis indicates that the global market for 3D imaging
sensors and hardware subsystems will grow from $8.2 billion in 2017 to
$57.9 billion by 2025. The market intelligence firm estimates that the
mobile and automotive application markets were the two largest segments
in 2017 and are expected to continue to be the leading application
markets in 2025. The industrial market is expected to achieve a compound
annual growth rate (CAGR) of 53%, the highest growth among all markets,
whereas the mobile market is expected to be the overall largest market
for 3D sensors and hardware subsystems, accounting for $18.1 billion in
2025.
“3D imaging technology is gaining market traction and the pace of
adoption is accelerating,” says principal analyst Anand Joshi. “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.”
Tractica’s report, “3D
Cameras and Sensors”, examines the market trends and technology
issues surrounding different 3D sensors and presents forecasts for the
period from 2017 through 2025. The report presents in-depth analysis of
3D sensors including laser, radar, infrared, light, and ultrasound
sensors. It also discusses key use cases, business and technology
challenges, and recent industry developments. Market forecasts for unit
shipments, average selling price, and revenue are segmented by
application market for 3D sensors as well as hardware subsystems. An
Executive Summary of the report is available for free download on the
firm’s website.
About Tractica
Tractica, an Informa business, is a market intelligence firm that
focuses on emerging technologies. Tractica’s global market research and
consulting services combine qualitative and quantitative research
methodologies to provide a comprehensive view of the emerging market
opportunities surrounding Artificial Intelligence, Robotics, User
Interface Technologies, Advanced Computing, Connected & Autonomous
Vehicles, and Wearables & Digital Health. For more information, visit www.tractica.com
or call +1.303.248.3000.
Contacts
Tractica
Clint Wheelock, +1-303-248-3000
press@tractica.com