NEW YORK, June 9, 2016 /PRNewswire/ -- 3D Sensors are the collection of components and key technologies which enable and expand the range of myriad products across industries and are used to measure the three dimensional shape of an object using a camera system and projected light patterns. These sensors are used as a smart interface between the user and the electronic device. They are widely used for operations such as three dimensional image sensing and motion tracking.
Supply – Demand Scenario:
The 3D Sensor market had revenues of around $2.53 billion in 2014. The demand for 3D Sensors is estimated to grow at a 25.6% CAGR for the forecast period 2015 - 2020. Currently the Consumer Electronics contributes around 33% of the total 3D Sensor market.
Growth by Region:
In 2014, North America leads the market. During the forecast period North America is expected to dominate the market in revenue share followed by Asia pacific. Image sensor and camera based 3D Sensor is expected to dominate the Smartphone's and tablet pc's market during this period
Drivers vs. Constraints:
The major driver of this market is the demand for 3D sensors originating from the consumer electronics industry ,Gesture recognition, increasing demand in end use industries ,Rising demand for wearable devices, smart devices like smartphones, laptops, and tablets, rising demand for 3D technology in gaming consoles and wireless devices. Complex manufacturing and high costs are the major constraints of this market.
Industry Structure and Updates:
Microchip technology inc. has acquired Micrel for 1.53 Billion USD in april/may 2015. This acquisition brings in cross selling opportunity for the company. Qualcomm Inc new fingerprint sensor tends to be more accurate and is a serious competitor to Apple's Touch ID.
Read the full report: http://www.reportlinker.com/p03863041-summary/view-report.html
ReportLinker is an award-winning market research solution. Reportlinker finds and organizes the latest industry data so you get all the market research you need - instantly, in one place.
Contact Clare: firstname.lastname@example.org
Intl: +1 339-368-6001
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/global-3d-sensors-market-by-technology--type-application-geography---market-size-demand-forecasts-industry-trends-and-updates-2014--2020-300282776.html