THE LEADING RESEARCH REPORTS DISTRIBUTION
NETWORK

icrowd research  icrowd research  icrowd research  icrowd research  icrowd research  icrowd research  icrowd research  icrowd research icrowd research

Depth Sensing Market to Touch USD 13.96 Billion at 11.60% CAGR by 2032

Nov 15, 2023 3:00 AM ET

Depth Sensing Market to Touch USD 13.96 Billion at 11.60% CAGR by 2032

Depth Sensing Market Analysis 

The global depth sensing market will touch USD 13.96 billion at an 11.60% CAGR by 2032, as per the latest Market Research Future report.

Drivers 

Burgeoning Need for Depth Sensors in AR to Boost Market Growth 

The burgeoning need for depth sensors in AR will boost market growth in the forecast period. This is for the desire for realistic and immersive experiences. Depth sensors play an imperative part in AR via allowing devices in perceiving the surrounding environment & accurately overlay the virtual content into the real world.

Opportunities 

Growing Adoption in Consumer Electronics to offer Robust Opportunities 

The growing adoption of depth sensing in consumer electronics will offer lucrative opportunities for the depth sensing market in the forecast period owing to the burgeoning need for applications such as scanning, AR-VR, gesture control and face recognition. The depth sensing apps like infrastructure 3D model & navigation, gaming, and AR-VR gaming mainly need environmental scanning or 3D scanning. To cater to the needs of such applications, the need for depth sensing has gone up.

Restraints and Challenges 

High Cost to act as Market Restraint 

The high cost of depth sensing and high-power consumption may act as market restraints over the forecast period. 

Get a Complete PDF @ https://www.marketresearchfuture.com/sample_request/6951

Key Players 

Eminent market players profiled in the global depth sensing market report include

  • Texas Instruments (US),
  • Intel (US),
  • Qualcomm (US),
  • Stereolabs (US),
  • Infineon Technologies (Germany),
  • Creative Technology (Singapore),
  • pmdtechnologies AG (Germany),
  • Nerian Vision Technologies (Germany),
  • Melexis (Belgium),
  • Tower Semiconductor (Israel),
  • Vrmagic Holding AG (Germany),
  • Occipital (US),
  • Sunny Optical Technology (China),
  • PrimeSense (Israel),
  • ASUSTeK Computer (Taiwan), and
  • LIPS Corporation (Taiwan).

Market Segmentation 

The global depth sensing market is bifurcated based on vertical, type, technology, and component. 

By component, sensors will lead the market over the forecast period. 

By technology, time-of-flight will domineer the market over the forecast period. 

By type, active depth sensing will spearhead the market over the forecast period. 

By vertical, automotive will spur the market over the forecast period. 

COVID-19 Analysis 

The COVID-19 epidemic possessed a negative impact on the depth sensing market. The outbreak had disrupted worldwide supply chains and effected consumer spending in most sectors which also includes electronics which impacted market growth. 

Buy Premium Research Report @ https://www.marketresearchfuture.com/checkout?currency=one_user-USD&report_id=6951

Regional Analysis 

APAC to Head Depth Sensing Market 

The APAC region will head the depth sensing market over the forecast period for the massive need for 3D depth sensors especially from consumers of IoT applications and electronic gadgets like headsets, tablets, PCs, laptops, and smartphones. The market in China had the utmost share while that in India had been the fastest growing. Besides, the booming electronics manufacturing industry is also adding market growth. 

Europe to Have Admirable Growth in Depth Sensing Market 

Europe will have admirable growth in the depth sensing market in the forecast period for the rising disposable income & increasing penetration of smartphones. Germany grabbed the utmost market share while that in the UK had been the fastest growing.

Read More Articles-

Sound Recognition Market    

Biometric Sensor Market      

About Market Research Future:

Market Research Future (MRFR) is a global market research company that takes pride in its services, offering a complete and accurate analysis regarding diverse markets and consumers worldwide. Market Research Future has the distinguished objective of providing the optimal quality research and granular research to clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help answer your most important questions.

Tags: , , ,

See Campaign: https://www.marketresearchfuture.com/reports/depth-sensing-market-6951

Contact Information:

Market Research Future 99 Hudson Street,5Th Floor New York, New York 10013 United States of America Sales: +1 628 258 0071(US) +44 2035 002 764(UK Email: [email protected]



Tags:

Research Newswire, English