3D Measurement Sensors in Logistics Market Analysis and Opportunities by 2030

[Research Report] The 3D measurement sensors in logistics market size is expected to grow from US$ 127.50 million in 2022 to US$ 242.13 million by 2030; it is estimated to record a CAGR of 8.3% during the forecast period.

Analyst Perspective:

The demand for 3D image sensors, 3D position sensors, and 3D depth sensors is increasing in the logistics industry worldwide as these sensors help track the movement of goods within a warehouse. In addition, these sensors also help the companies to identify bottlenecks and optimize their warehouse layout as per the needs, driving the growth of the 3D measurement sensors in logistics market. Also, with the growing e-commerce industry, the logistics sector is growing tremendously. This growth is raising the need for automation to further enhance operational efficiency by providing real-time data through machine vision, asset tracking, data capture scanning, and object dimensioning. Furthermore, the use of 3D measurement sensors in robotics is increasing as the sensors help robots to be more aware of their surroundings, which can help them to efficiently perform pick-and-grasp operations in the warehouse, creating an opportunity for the growth of the 3D measurement sensors in logistics market.

Market Overview:

3D measurement sensors are used to obtain information electronically and use this data to improve the interfaces between humans, devices, and the world. These sensors work on 3D sensing technology, which uses near-infrared light reflection, photography, geometric principles, and advanced computing power to enable machines to acquire the details about people and objects, which can be further processed in meaningful information. The demand for 3D sensors is witnessing tremendous growth as they are used in warehouse and logistic operations to increase efficiency. In warehouses, sensors are used for order fulfillment as they help in monitoring product damage and other non-conformances more effectively, thus, boosting the growth of the 3D measurement sensors in logistics market.

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3D Measurement Sensors in Logistics Market: Strategic Insights

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Market Driver:

Increasing Use of Measurement Sensors in Logistics 3D Measurement Sensors in Logistics Market

The growing use of measurement sensors such as image sensors, position sensors, and acoustic sensors has simplified several logistics operations. Image sensors are used in target recognition in the logistics distribution system to manage the distribution process efficiently. Position sensors are used to detect the position of objects of any material type and surface properties. Position sensors convert the data regarding the movement of objects into signals, which further help provide positional feedback. Various logistics and warehouse management operations, such as monitoring inventory levels, reducing inventory errors, and optimizing storage space, can be carried out easily with the help of measurement sensors. Apart from tracking the movement of goods within a warehouse, these sensors also help companies identify bottlenecks and optimize their warehouse layout. Furthermore, the measurement sensors can be used to collect data at emergency incident sites to facilitate the analysis of the logistic operations. This data can further help improve planning and preparedness for new operations. Real-time information can provide better situational awareness and can also be used as input for automatic decision support based on artificial intelligence or optimization algorithms. Thus, the increasing use of measurement sensors to amplify the efficiency of the distribution center and warehouses is boosting the 3D measurement sensors in logistics market growth.

Segmental Analysis:

Based on technology, the 3D measurement sensors in logistics market is bifurcated into:

1. Stereo Vision
2. Structured Light
3. Laser Light
4. Others  

The structured light segment held the largest 3D measurement sensors in logistics market share in 2022. Structured light technology enhances 3D measurement capabilities in logistics, enabling accurate volumetric analysis, dimensional inspection, sorting optimization, load planning, and quality control. It also enables precise dimensional inspection of objects in logistics. Thus, the rising demand for structured light will further boost the 3D measurement sensors in logistics market growth during the forecast period.

Regional Analysis:

The 3D measurement sensors in logistics market size is broadly segmented into five major regions: North America, Europe, Asia Pacific (APAC), the Middle East & Africa (MEA), and South America (SAM). North America held the largest 3D measurement sensors in logistics market share in 2022, followed by Europe and APAC. APAC is expected to register the highest CAGR in the 3D measurement sensors in logistics market from 2022 to 2030.

In North America, technological innovations are projected to provide opportunities for the growth of the 3D measurement sensors in logistics market. Various logistics companies in the region are automating their warehouses to increase productivity. This is raising the demand for various warehouse automation solutions, including 3D cameras and robots, propelling the growth of the 3D measurement sensors in logistics market in North America. In addition, the region is witnessing tremendous growth in the e-commerce industry, which is increasing the adoption of automation in the logistics industry, boosting the 3D measurement sensors in logistics market growth.

Key Player Analysis:

Micro-Epsilon Messtechnik GmbH & Co KG, Infineon Technologies AG, Sony Semiconductor Solutions Corp, Cognex Corp, ifm Electronic GmbH, Intel Corp, LMI Technologies Inc, Keyence Corp, OMRON Corp, and Sick AG are among the key 3D measurement sensors in logistics market players operating in the report. Among the players, Micro-Epsilon Messtechnik GmbH & Co KG and Infineon Technologies AG are the top two 3D measurement sensors in logistics market players owing to the diversified product portfolio offered.

3D Measurement Sensors in Logistics Market Regional Insights

The regional trends and factors influencing the 3D Measurement Sensors in Logistics Market throughout the forecast period have been thoroughly explained by the analysts at Insight Partners. This section also discusses 3D Measurement Sensors in Logistics Market segments and geography across North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America.

3D Measurement Sensors in Logistics Market Report Scope

3D Measurement Sensors in Logistics Market Players Density: Understanding Its Impact on Business Dynamics

The 3D Measurement Sensors in Logistics Market is growing rapidly, driven by increasing end-user demand due to factors such as evolving consumer preferences, technological advancements, and greater awareness of the product's benefits. As demand rises, businesses are expanding their offerings, innovating to meet consumer needs, and capitalizing on emerging trends, which further fuels market growth.

Market players density refers to the distribution of firms or companies operating within a particular market or industry. It indicates how many competitors (market players) are present in a given market space relative to its size or total market value.

Major Companies operating in the 3D Measurement Sensors in Logistics Market are:

1. Micro-Epsilon Messtechnik GmbH & Co KG
2. Infineon Technologies AG
3. Sony Semiconductor Solutions Corp
4. Cognex Corp
5. ifm Electronic GmbH

Disclaimer: The companies listed above are not ranked in any particular order.

Recent Developments:

Inorganic and organic strategies such as mergers and acquisitions are highly adopted by companies in the 3D measurement sensors in logistics market. A few recent key market developments are listed below: 

• In 2021, Micro-Epsilon developed a 3D snapshot sensor surfaceCONTROL 3D 3200, and it is the right choice for precise geometry, shape, and surface measurements on matt surfaces. The sensor has been developed for automated inline quality inspection.
• In 2020, Infineon Technologies AG completed the acquisition of Cypress Semiconductor Corporation. The acquisition tends to offer customers the industry’s most comprehensive portfolio for linking the real with the digital world and shaping digitalization.
• In 2020, OMRON Corporation announced that it would sell the B5L Series embedded 3D TOF Sensor Module in Japan from September 1 and globally from October 1. The B5L Series utilizes unique optical design technology to stabilize three-dimensional distance information across a wide area, even under sunlight.
• In 2019, The SICK group completed its takeover of the Chilean joint venture SICK SpA by transferring the outstanding 50% of shares from the owning family Schädler in the joint venture. SICK has become the sole owner of SICK SpA as a result of this takeover, strengthening its position in the South American market.
• In 2019, SICK AG inaugurated a new production site in China where it will concentrate on localized product manufacture as well as system construction for individual customers. . With this expansion the company will be able to supply more enhanced automation solutions to its customers.