A report from Tractica 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 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.
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.
For more information, visit Tractica and/or call 303-248-3000.