3D Sensor Market Size to Reach USD 20.1 billion with Expand at a CAGR of 13.6% by 2031: Transparency Market Research, Inc.
WILMINGTON, Del., Jan. 16, 2024 /PRNewswire/ -- The 3D sensor market was valued at US$ 6.4 billion in 2022. Between 2023 and 2031, the market is expected to expand at a CAGR of 13.6%, reaching US$ 20.1 billion by 2031. Enhanced monitoring and threat detection capabilities through 3D sensors for security and surveillance. This could be used for residential or commercial purposes. Technological advancements in 3D sensors improve energy efficiency and reduce costs, enabling them to be used in various applications.
- In robotics and industrial automation, 3D sensors play an important role in object recognition, navigation, and quality control tasks.
- The use of 3D sensors has become more prevalent in industries as automation increases efficiency and precision.
- Several advancements in 3D sensor technology have improved performance, accuracy, and reliability, including time-of-flight (ToF) and structured light sensors.
- Europe is a major market for consumer electronics, and 3D sensors in digital devices contributed to market growth.