3D Sensors Market Estimated to Grow at 25.5% CAGR 2015 - 2020


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Research and Markets has announced the addition of the "3D Sensors Market Analysis: Sensing Technology (Interactive Displays, Capacitive, Infrared, Ultrasonic, Electric Field, Image Sensor, MEMS); Verticals (Consumer Electronics, Automotive, Robotics, Industrial Automation) - Forecast (2015 - 2020)" report to their offering.

Gesture recognition is one of the key segments driving the growth of the 3D Sensors market and is defined as a technology of interpreting human gestures to perform computational and consequent mechanical tasks by the use of sensing technologies and mathematical algorithms. Sensing technologies like infrared, and electric field sensing are the most commonly using techniques in different electronic devices to detect gestures. 3D Sensor is inherently more useful in consumer electronics as this industry produces products which have maximum interaction capabilities with humans on a day to day basis. The gesture recognition market had revenues of around $13.2bn in 2014 and this is estimated to grow to around $20.3billion in 2020.

The 3D Sensor market had revenues of around $2.52 billion in 2014 and is comparatively smaller than the overall gesture recognition industry. The demand for 3D Sensors is estimated to grow at a 25.5% CAGR for the forecast period 2015 - 2020. Currently the Consumer Electronics contributes around 32% of the total 3D Sensor market. Image sensor and camera based 3D Sensor is expected to dominate the Smartphone's and tablet pc's market in this period. North America is expected to dominate the market in revenue share followed by Asia pacific.

Innovative products and technologies are revolutionizing the 3D Sensor market in Consumer Electronics. The 3D sensing boasts features like scanning real time objects, face recognition and background substitution. Google recently launched a prototype of its new smart phone Tango'. This smart phone can create a 3D map of its immediate environment. At the heart of Tango' is a 3d sensor made by Primesense' a 3D sensor manufacturing company which was later acquired by Apple.

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