3D Sensors Market Size Worth USD 9.4 Billion by 2028 Growing at a CAGR of 28.1% | Taiwan News | 2022-09-13 07:23:28

2022-09-17 01:10:38 By : Mr. Kenny Deng

The global 3D sensor market was estimated at USD 2.7billion in 2021. By 2026, it will be projected to rise to USD 9.4billion. The market is expected to grow at a 28.1% annual rate from 2021 to 2026. 3D sensors have expanded their use from consumer electronics to the automotive and healthcare industries due to their ability to capture 3D images. 3D sensors are of different types, based on different technologies, and their functions are application-specific.

The image sensor market’s growth is driven by the use of image sensors in automobiles. The sensors can be used in many areas, including advanced driver assistance systems (ADAS), dash cams, side mirror replacements, night vision, LiDAR monitors, gesture recognition systems, and dash cameras. ADAS equipped with image sensors can provide parking assistance, collision avoidance, lane departure warning, and even collision avoidance.

Several prominent image sensor players focus on new products that can be used for automotive applications. ON Semiconductor (US) launched the HayabusaCMOS sensor platform in October 2017. This CMOS-based image sensor platform delivers new levels of performance and image quality for automotive applications like ADAS, mirror replacement, autonomous drive, rear- and surround-view systems, and ADAS.

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Images shot with low-megapixel cameras come with many limitations. Images taken with low-megapixel cameras have many drawbacks. The demand for high-megapixel cameras continues to grow. To increase the number and size of pixels, manufacturers need to increase the chip’s size or reduce the pixel pitch. A more considerable chip cost will result in a higher price. The only option is to reduce the pixel pitch to produce high-resolution images at a low cost. This can be a complicated and costly process. In most cases, shrinking the pixel pitch will result in a smaller photo-sensing area, affecting the image’s performance. This is hindering the growth and potential future of the image sensor market.

Global passenger car sales reached more than 78 million units in 2017. China and the United States are the two largest automotive markets worldwide. The US was home to more than 6.3million passenger cars in 2017, and the country produced around 4 million cars that same year.

The 3D sensor market is expected to impact the automotive and car sectors significantly.

Furthermore, 3D technology is being used more frequently in R&D departments of the automotive industry, which has a positive impact on the market’s growth prospects in Europe, in particular in Germany and Britain. This technology is used in the development and engineering of new vehicle models.

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