Global Depth Sensing Market – Analysis and Forecast (2018-2024)

Industry Insights by Component (Sensor, Camera or Lens Module and Illuminator), by Technology (Stereo Vision, Time-Of-Flight and Structured Light), by Type (Active Depth Sensing and Passive Depth Sensing) and by Industry (Automotive, Industrial, Building Automation, Medical, and Consumer Electronics)

Status : Upcoming
Report Code : VRSME9016
Available Format : PDF
Industry : Semiconductor & Electronics

Industry Overview

Depth sensing device is integrated with sensors, illuminators and lens module. A huge quantity of power is expended while apprehending the data, processing data, and filtering the data to acquire the essential information. The global depth sensing market is growing at significant rate, due to escalating implementation of dual-camera smartphones, and mounting need for enhanced medical imaging solutions. Different components contributed to the depth sensing market size. The market has witnessed high demand for camera or lens module in the coming years due to mounting need for improved quality images and uses such as gesture control, face recognition and gaming.

Market Segmentation

Insight by Component

On the basis of component the depth sensing market is subdivided into sensor, camera or lens module and illuminator. Among all components, camera or lens module segment accounted the largest share in the market, due to mounting need for improved quality images and uses such as gesture control, face recognition, and gaming. In addition, the sensor segment is expected to grow at fastest rate in the market due to mounting need for precise depth data.

Insight by Technology

On the basis of technology the depth sensing market is subdivided into stereo vision, time-of-flight and structured light. Among all technologies, the time-of-flight segment is expected to grow at fastest rate in the market due to depleted power consumption, precise depth data, and moderately simple software and hardware requirements.

Insight by Type

On the basis of type the market is subdivided into active depth sensing and passive depth sensing. Among both types, the active depth sensing are expected to grow at fastest rate in the depth sensing market due to the mounting need for precise depth calculations essential in several sectors such as industrial, automotive and consumer electronics.

A laser is a extensively consumed lighting source in active depth sensing; though, it is appropriate in restricted environments, in order to overwhelmed this restriction, active depth sensing systems based on time-of-flight technology have been resulted.

Insight by Industry

On the basis of industry the depth sensing market is subdivided into automotive, industrial, building automation, medical, and consumer electronics. Among the all industries, the consumer electronics accounted the largest share in the depth sensing market due to mounting requirement for applications such as gesture control, AR-VR, face recognition, and scanning.

The automotive segment is further subdivided into gesture control, parking assistance, autonomous navigation, passenger classification and driver monitoring. In addition, the building automation is subdivided into 3d scanning, lighting and Hvac. Moreover, the medical segment is subdivided into breathing analysis and medical imaging.

The consumer electronics segment is further subdivided into scanning, gesture control, payment, facial recognition and Ar-Vr. The scanning segment is expected to upsurge in the projection period. In addition, the industrial segment is further subdivided into robotics, industrial object tracking and drones.

Industry Dynamics

Mounting smartphone market, upsurge in usage of depth sensing technology, escalating implementation of dual-camera smartphones, mounting necessity for security and surveillance systems and mounting usage of depth sensing technology in Ar-Vr gaming applications are the primary growth drivers for depth sensing market.

In addition, mounting need for enhanced medical imaging technologies and solutions, mounting need for accurate depth calculation in several industries, and mounting need for environmental scanning applications are the major factors driving the growth of depth sensing market.

Elevated manufacturing price of depth sensing module, necessity of precise angle for stereo depth sensing technology and elevated power consumption processing are the major challenges for the growth of depth sensing market.

Globally industry players are leveraging market growth through launching new products. The high level of capital requirement also poses a major barrier for the entry of new players. This offers an edge to the established players in the industry competition.

Geographic Overview

Geographically, Asia-Pacific the largest depth sensing market and is observed to witness fastest growth in the market due to mounting demand of depth sensing from consumer electronics applications such as tablets, gaming handset, smartphone and laptops. In addition, escalating implementation of dual-camera smartphones and mounting precise depth calculation in several industries are also up surging growth of the Asia-Pacific depth sensing market.

Competitive Insight

Key players in the depth sensing market are catering the demand by collaborating, and acquiring with small players and investing on technologically advanced products across the globe. In August 2017, Qualcomm Incorporated expanded its Qualcomm Spectra Module Program, for improved biometric authentication and high-resolution depth sensing, in order to meet budding demands of photo and video for a wide range of mobile devices and head mounted displays. Texas Instruments, Sony Depthsensing Solutions, Intel, Infineon Technologies, Becom Bluetechnix GmbH, Espros Photonics Corporation, Pmdtechnologies AG, Stereolabs, Qualcomm Incorporated and Creative Technology Ltd are the key players offering depth sensing.

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