3D Imaging and Sensor Market to Reach $57.9 Billion in 2025

With advances in computer vision technology, it has become possible to capture 3D images using many different sensors and, in the process, to extract depth information. According to a new report from Tractica, the low cost and versatility of this computer vision technology is now reaching a wide range of application markets that include automotive, consumer and mobile, robotics and industrial, and drones, among others.

Tractica’s analysis indicates that the global market for 3D imaging sensors and hardware subsystems will grow from $8.2 billion in 2017 to $57.9 billion by 2025. The market intelligence firm estimates that the mobile and automotive application markets were the two largest segments in 2017 and are expected to continue to be the leading application markets in 2025. The industrial market is expected to achieve a compound annual growth rate (CAGR) of 53%, the highest growth among all markets, whereas the mobile market is expected to be the overall largest market for 3D sensors and hardware subsystems, accounting for $18.1 billion in 2025.

“3D imaging technology is gaining market traction and the pace of adoption is accelerating,” says principal analyst Anand Joshi. “The camera is continuing to gain in popularity as the sensor of choice, and LiDAR is the other sensor that has emerged as a leading technology. Others, such as radar, have kept a low profile, yet continue to be popular and complementary to the other sensor types.”

Tractica’s report, “3D Cameras and Sensors”, examines the market trends and technology issues surrounding different 3D sensors and presents forecasts for the period from 2017 through 2025. The report presents in-depth analysis of 3D sensors including laser, radar, infrared, light, and ultrasound sensors. It also discusses key use cases, business and technology challenges, and recent industry developments. Market forecasts for unit shipments, average selling price, and revenue are segmented by application market for 3D sensors as well as hardware subsystems. An Executive Summary of the report is available for free download on the firm’s website.