North America 3D Sensors Market Drivers and Forecasts by 2027

The 3D sensors market in North America is expected to grow from US$ 832.8 Mn in 2018 to US$ 13,390.4 Mn by the year 2027. This represents a CAGR of 33.6% from the year 2019 to 2027.

3D sensors use active-range sensors that provide depth images at high frame rates. The automotive sector consistently focusses on bringing significant transformations for enhancing the driving experience. The automobiles of today are becoming smarter, becoming more capable of self-diagnostics, and are further anticipated to communicate with other entities in the ambient environment. ADAS, infotainment systems, and car telematics have been trending in the automotive sector for quite some time now. The success of these trends is entirely attributed to the sophistication and technological advancements in the semiconductor industry. The trends such as car telematics, and easy-to-use and interactive infotainment systems are emerging at rapid rates; they are also being developed with a focus on driver and passenger safety. Also, the implementation of other safety features resulted in a reduced number of car accidents as well as fatalities in the past decade. Currently, available vehicles on market feature increased computing power, and this has a result of the increasing electronic integrations into the vehicles. The vehicles are becoming more advanced on the back of capabilities of detecting obstacles and alerting the users, navigating maps, and operating the infotainment systems inside the vehicles; these features make them user-friendly and convenient, thereby raising the need for 3D sensors to make different tasks easy as well as to ensure safety of drivers along with the increasing facilities. A simple hand swipe gesture by the driver can be used for changing the music or changing the radio channel while on the road. A 3D sensor is a powerful and highly accurate distance mapping and 3D imaging technology that accurately measures obstacles while driving. Also, these sensors are used for range imaging based on which they gather vital gestures and process information further.

ADAS comprises features such as adaptive braking, self-parking, backup cameras, and automatic cruise control, which improve passenger safety. Steady progress in the development of autonomous vehicles is being witnessed with some of the renowned car manufacturers collaborating with the technology leaders for its conceptualization. Autonomous vehicles have evolved on the platform built by ADAS. Companies such as Ford, General Motors, Nissan, Tesla, Mercedes, and Honda have been investing billions of dollars in the R&D of these cars. Also, technology giants such as Apple, IBM, and Intel have further collaborated with the leading auto manufacturers to remain competitive. With such rapid ongoing developments in this field, autonomous cars are likely to be commercialized in the next few years.

Currently, the US is dominating the 3D sensors market in terms of installation, which in turn boost the demand for 3D sensors market in the region. The US is one of the largest automotive hubs in the world. Being one of the largest automobile producers, the country has proven to be the most attractive destination for automotive component suppliers. Furthermore, technological advancements in the country, substantial disposable incomes with End-User Verticals, and the presence of a robust manufacturing and robotics sector in the country further boost the growth of the 3D sensor market. Many big players like Qualcomm, Inc. (US), Intel, Microsoft, Dell, etc. are involved in the manufacturing of electronic consumables like smartphones, 3D projectors, tablets, which makes the US a leading player in the 3D sensor electronic consumable market. The figure given below highlights the revenue share of Mexico in the North American 3D sensor market in the forecast period:

Mexico 3D Sensor Market Revenue and Forecasts to 2027 (US$ Mn)

NORTH AMERICA 3D SENSORS MARKET - SEGMENTATION

North America 3D sensors Market – By Technology

• Stereo Vision
• Time-of-Flight
• Structured Light

North America 3D sensors Market – By End-user Vertical  

• Healthcare
• Aerospace
• Industrial
• Automotive
• Consumer Electronics
• Others

North America 3D sensors Market – By Country

• US
• Canada
• Mexico

North America 3D sensors Market -Companies Mentioned

• Adafruit
• AMS AG
• Teledyne
• IFM Electronic GmbH
• Infineon Technologies AG
• Keyence Corporation
• Melexis
• STMicroelectronics
• Sony Corporation
• Texas Instruments Incorporated

North America 3D Sensors Report Scope