Depth Sensing Market Revenue, Price and Gross Margin Study with Forecasts to 2018-2023

Market Insights

The global depth sensing market is expected to exhibit a strong 11.64% CAGR over the forecast period from 2018 to 2023, according to the latest research report from Market Research Future (MRFR). The global depth sensing market is expected to reach a valuation of USD 7.43 billion by 2023, according to the report. The major players operating in the global depth sensing market are profiled in the report, to provide readers a clear overview of the competitive landscape of the global depth sensing market. Major drivers and restraints affecting the global depth sensing market are also examined in the report. Major trends active in the global depth sensing market are identified and examined in the global depth sensing market report, in order to give readers an accurate overview of the major factors affecting the market’s movement. The report also examines the impact of the COVID-19 pandemic on the global depth sensing market.

Depth sensing involves measuring the distance of an object relative to a particular viewpoint using depth sensors. Depth sensing is done using two types of methods, which include passive methods and active methods. Stereo vision is used in passive depth sensing method, while Time-of-Flight (ToF) and structured light is used in active depth sensing method. Structured light provides the best depth accuracy performance; however, it has the shortest depth sensing range, whereas the range of ToF depth sensing depends on the emitting power of the light source. Depth sensors work by projecting a set of patterns onto the object using an optical 3-D scanning method (as in structured light) or by obtaining travel-time information by measuring the delay or phase-shift of a modulated optical signal for all pixels in the scene (as in ToF).

Increasing demand for depth sensors in applications such as augmented reality and virtual reality, gesture control, and face recognition is fueling the growth in demand for depth sensing across the globe. The global depth sensing market is growing at a significant pace owing to factors such as the increase in the use of depth sensing technology in gaming applications and the rise in the need for enhanced security and surveillance systems among various end users. Moreover, increasing application of depth sensing techniques in smartphones to enable facial detection, recognition, and authentication is expected to propel the demand for depth sensing during the forecast period. However, the high costs of depth sensors and the necessity of the perfect angle for stereo depth sensing are some factors affecting the market growth and are expected to hamper the global depth sensing market in the years to come.

Competitive Leaderboard:

Leading players in the global depth sensing market include LIPS Corporation, ASUSTek Computer, PrimeSense, Sunny Optical Technology, Occipital, VRmagic Holding AG, Tower Semiconductor, Melexis, Nerian Vision Technologies, Aquifi, BECOM Bluetechnix GmbH, Sony Depthsensing Solutions, Espros Photonics Corporation, pmdtechnologies AG, Creative Technology, Infineon Technologies, Stereolabs, Qualcomm, Intel, and Texas Instruments Inc.

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The global depth sensing market is segmented on the basis of component, type, technology, vertical, and region.

By component, the global depth sensing market is segmented into camera or lens module, sensors, and illuminators.

By type, the global depth sensing market is segmented into active and passive depth sensing.

By technology, the global depth sensing market is segmented into stereo vision, structured light, and time of flight.

By vertical, the global depth sensing market is segmented into automotive, industrial, consumer electronics, medical, and others. The consumer electronics segment is likely to be a highly important segment of the depth sensing market over the forecast period due to the growing demand for facial recognition and scanning applications in consumer electronics such as smartphones.

Regional Analysis:

Asia Pacific dominates the global depth sensing market and is likely to remain the leading revenue generator in the global market over the forecast period. The growing consumer electronics and automotive industries in Asia Pacific are likely to be a major driver for the depth sensing market in the region over the forecast

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