Industry ARC Company Presented 3D Sensors Market Analysis
3D Sensors market estimated to see substantial growth of 25% by 2020 on demand for Wearable Electronics and Mobile Devices.
3D Sensors are a collection of key technologies and components which enable and expand the range of myriad products across industries. A recent report from IndustryARC on 3D Sensors estimates that the market generated revenue of $2.5 billion in 2014 and is estimated to grow to $9.5 billion by 2020.
The increased demand for 3D Sensors in consumer electronics and automobile is forecast to drive the market primarily. Customer demand for these devices has led to the entry of leading electronics and semiconductor companies including “Texas Instruments (U.S) and Apple (U.S)” by developing new products or through acquisitions.
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Americas and Europe regions are currently the top markets in 2014. However, APAC region is poised to grow at the highest CAGR by 2020.
3D Sensor market is further segmented based on end use industry into Consumer electronics, automobile, industrial automation, home automation and robotics. Consumer electronics is the largest market with $800m revenue in 2014.
Mr. Sanjay Matthews
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