Depth Sensing Market Leading Growth Drivers, Emerging Audience,...

Depth Sensing Market Leading Growth Drivers, Emerging Audience, Segments, Market Sales & Profits

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Posted 2023-05-18 06:55:21

Depth Sensing Market Insights

The global depth sensing market is expected to witness significant growth in the coming years, according to a new report by Market Research Future (MRFR). The report states that the market is projected to expand at a CAGR of 13.5% from 2021 to 2026. The growth can be attributed to the increasing adoption of depth sensing technology in various applications such as gaming, automotive, and robotics.

Depth Sensing Market Key Players

The key players operating in the global depth sensing market are

Qualcomm Technologies, Inc. (US),
Infineon Technologies AG (Germany),
Texas Instruments Incorporated (US),
STMicroelectronics (Switzerland),
PMD Technologies AG (Germany),
Sony Depthsensing Solutions (Belgium),
Espros Photonics AG (Switzerland),
Creative Technology Ltd. (Singapore),
Occipital, Inc. (US), and
Intel Corporation (US).

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Market Segmentation

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

Based on component, the market has been segmented into hardware and software. The hardware segment is further divided into camera/lens module, illumination module, and others.

By type, the market has been segmented into active and passive. The active segment is expected to dominate the market during the forecast period, owing to its increasing adoption in applications such as robotics, automotive, and consumer electronics.

Based on technology, the market has been segmented into time-of-flight, structured light, stereo vision, and others. The time-of-flight segment is expected to hold the largest market share during the forecast period, owing to its wide range of applications in smartphones, tablets, and gaming consoles.

By application, the market has been segmented into gesture recognition, scanning and imaging, object recognition, and others. The gesture recognition segment is expected to hold the largest market share during the forecast period, owing to its increasing adoption in gaming and automotive applications.

Based on vertical, the market has been segmented into consumer electronics, automotive, healthcare, robotics, and others. The consumer electronics segment is expected to dominate the market during the forecast period, owing to the increasing adoption of depth sensing technology in smartphones, tablets, and gaming consoles.

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Regional Analysis

The global depth sensing market has been segmented, by region, into North America, Europe, Asia-Pacific, and the rest of the world.

North America is expected to dominate the market during the forecast period, owing to the presence of major depth sensing technology providers and the increasing adoption of depth sensing technology in the region.

Asia-Pacific is expected to witness the highest growth during the forecast period, owing to the increasing adoption of depth sensing technology in applications such as gaming, consumer electronics, and automotive in countries such as China, Japan, and South Korea.

Industry Trends

The depth sensing market is witnessing several industry trends such as the increasing adoption of depth sensing technology in smartphones, tablets, and gaming consoles, and the rising demand for depth sensing technology in the automotive industry for applications such as advanced driver assistance systems (ADAS) and autonomous vehicles.

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Conclusion

In conclusion, the global depth sensing market is expected to witness significant growth in the coming years, owing to the increasing adoption of depth sensing technology in various applications such as gaming, automotive, and robotics. The market has been segmented on the basis of component, type, technology, application, vertical, and region. North America is expected to dominate the market during the forecast period, owing to the presence of major depth sensing technology providers and the increasing adoption of depth sensing technology in the region.