Depth Sensing Market is valued at USD 2662.04 Million in 2017 and expected to reach USD 5918.11 Million by 2024 with the CAGR of 12.09% over the forecast period.
Depth Sensing Market increasing demand for technologies like motion detector, automation, robotics, AR/VR gaming is the driving factor for Depth Sensing Market.
Depth Sensing Market report published by the Brandessence Market Research and Consulting Pvt. Ltd. provides the detail information about Depth Sensing market from various aspects. This report consists of drivers, challenges and opportunities which help the market to grow over the analysis period and recent trends which supports the growth of market. This report consists of regional segmentation with product type and applications.
Depth sensing technology is used in various new applications like AR / VR, in which the depth sensing devices sense real 3D world and construct them in virtual world. It is also applied in robotics and automated vehicle system to accurately navigating, localizing, mapping, and avoiding collision. Other applications are face recognition, gesture and proximity detection for gaming security purpose. Basically, depth sensing is used to sense the real world and make a virtual world which can be understood by machines for automatic and smooth functions without human intervention. It can be said that depth sensing is used to make machines and computers more intelligent.
The key driving factor of depth sensing market is its wild application and increasing use in various sectors like consumer electronics, automation, robotics, security and surveillance, defense, motion detectors etc. it is in high rise due to consumer expectation of having technological revolution in virtual reality and more integrated interaction between machine and human. High consumption of power and high cost are the main obstacles for depth sensing market which render it less available for common people.
Combination of computer vision and depth sensing technology, which helps in improvement of CV algorithms to do more advanced works is an opportunity for this market. With the help of depth sensing many AR and VR Games are developed, but they still need improvements like natural world experience, providing real time information etc. which is a great area to be explored by the market players in this market.
|Historical data||2014 - 2017|
|Forecast Period||2017 - 2024|
|Market Size in 2017:||USD 2662.04 Million|
|Base year considered||2019|
|Forecast Period CAGR %:||
|Market Size Expected in 2024:||USD 5918.11 Million|
|Tables, Charts & Figures:||175|
Depth Sensing Companies
|Apple Inc., Basler AG, Cognex Corporation, Creative Technology Ltd., Google LLC, Intel Corporation, Lumentum Holdings Inc., Microsoft Corporation, Occipital, Inc., Orbbec, PMD Technologies AG, Qualcomm Technologies, Inc., SoftKinetic, Sony Corporation, Texas Instruments Incorporated and Others.|
|Segments Covered||By Component type,By Technology,By Type,By End-use|
|Regional Analysis||North America, U.S., Mexico, Canada, Europe, UK, France, Germany, Italy, Asia Pacific, China, Japan, India, Southeast Asia, South America, Brazil, Argentina, Columbia, The Middle East and Africa, GCC, Africa, Rest of the Middle East and Africa|
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