DUBAI, United Arab Emirates, March 20, 2023 (GLOBE NEWSWIRE) -- The global depth sensing market size reached US$ 10.3 billion in 2022. Over the next ten years (2022 and 2032), global depth sensing demand is forecast to surge at 4.5% CAGR. Accordingly, by the end of 2032, the global market valuation will reach US$ 16.1 billion.
Camera/lens module segment currently dominates the global depth sensing industry. Between 2022 and 2032, the target segment is likely to expand at 4.4% CAGR.
Rising demand for smartphones and developments in augmented reality (AR) and virtual reality (VR) will drive the market. Subsequently, growing usage of depth sensing in automotive and defense sectors will boost sales.
Depth sensing is being used in a wide variety of applications. The most prominent application is in the development of AR/VR technology and in-camera modules of smartphones. It is also being used for people counting and navigation systems for unmanned robotic vehicles.
To Get Sample Copy of Report Visit@ https://www.futuremarketinsights.com/reports/sample/rep-gb-16816
With smartphone manufacturers developing better facial recognition and gesture control, demand for smartphones will rise significantly. This will boost the global depth sensing industry.
Along with being used in smartphones, depth sensing finds application in autonomous/self-driving cars. It enables the car to perceive the depth of the surroundings along with the speed, position, and distance of the nearby objects.
Depth sensing technology also finds application in defense & military sectors. It is used by military for surveillance and monitoring enemy activities. Hence, growing adoption across defense & military industry will elevate depth sensing demand.
Developments in AR and VR have led to an increase in their popularity and implementation within the gaming industry. Growth of gaming and smartphone industries will create lucrative growth opportunities for depth sensing companies.
Key Takeaways from the Depth Sensing Market Report:
- The global depth sensing industry will thrive at 5% CAGR during the projection period.
- By component, camera/lens module segment is likely to expand at 4% CAGR through 2032.
- By technology, time of flight segment will rise at 3% CAGR between 2022 and 2032.
- The United States depth sensing market is forecast to cross US$ 2.2 billion mark by 2032.
- Depth sensing demand in Japan will increase at 8% CAGR over the next decade.
- China depth sensing industry is forecast to reach around US$ 4.3 billion by 2032.
- Sales in South Korea market are set to surge at 1% CAGR over the next ten years.
Ask an Analyst for More Details@ https://www.futuremarketinsights.com/ask-the-analyst/rep-gb-16816
“Increasing demand for smartphones worldwide will provide impetus to depth sensing market. Besides this, growing popularity of augmented reality (AV) and virtual reality (VR) will boost sales.” Says a lead Future Market Insights analyst.
Who is Winning?
Sony, Become Bluetechnix GmbH, Infineon Technologies, Qualcomm, Texas Instruments, Creative Technology Ltd., Intel, Stereolabs, Pmdtechnologies AG, Espros Photonics Corporation are few of the leading companies in the depth sensing market.
More Insights Available
Future Market Insights, in its new offering, presents an unbiased analysis of the depth sensing market, presenting historical market data (2017 to 2021) and forecast statistics for the period from 2022 to 2032.
The study reveals extensive growth in the depth sensing market based on type (active depth sensing and passive depth sensing), technology (stereo vision, structured light, time of flight), and component (camera/lens module, sensor, illuminator) across several regions.
Global Depth Sensing Market Segmentation:
By Type:
- Active Depth Sensing
- Passive Depth Sensing
By Technology:
- Stereo Vision
- Structured Light
- Time of Flight
By Component:
- Camera/Lens Module
- Sensor
- Illuminator
By Region:
- North America
- Latin America
- Europe
- Asia Pacific
- Middle East and Africa
Request for Customization@ https://www.futuremarketinsights.com/customization-available/rep-gb-16816
Table of Content
1. Executive Summary | Depth Sensing Market
1.1. Global Market Outlook
1.2. Demand-side Trends
1.3. Supply-side Trends
1.4. Technology Roadmap Analysis
1.5. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Market Background
3.1. Market Dynamics
3.2. Scenario Forecast
3.3. Opportunity Map Analysis
3.4. Investment Feasibility Matrix
4. Global Market Analysis 2017 to 2021 and Forecast, 2022 to 2032
4.1. Historical Market Size Value (US$ Million) Analysis, 2017 to 2021
4.2. Current and Future Market Size Value (US$ Million) Projections, 2022 to 2032
Read More TOC..
Get More Information on this Report@ https://www.futuremarketinsights.com/reports/depth-sensing-market
Top Reports Related to Technology Market Insights
Native Video Advertising Market Size - The native video advertising market is predicted to register a CAGR of 25.2% during the forecast period (2022 - 2032). By 2032, the native video advertising market is expected to be valued at US$ 38.4 billion from US$ 4.1 billion in 2022.
Social Video Advertising Market Share - The social video advertising market is garnering an impressive growth rate with an estimated CAGR of 30.4% from 2022 to 2032. The social video advertising market share is anticipated to be worth US$ 14.1 Billion in 2022.
Catering Management Market Trends - The catering management market is projected to record a CAGR of 4.3% during the forecast period (2022 - 2032). The catering management market is expected to be valued at US$ 104.3 billion in 2022 and is likely to reach US$ 159.3 billion by 2032.
Freight Management Software Market Demand - The freight management software market is anticipated to have an effective CAGR of 6.4% during the period of 2022-2032. The freight management software market is expected to expand from US$ 9.6 Billion in 2022 to US$ 17.7 Billion in 2032.
Network Sandboxing Market Growth - The network sandboxing market revenue totaled US$ 7.1 Billion in 2021. The total network sandboxing market size is expected to reach US$ 34.9 Billion by 2032, growing at a CAGR of 15.7% over the forecast period.
ABOUT FUTURE MARKET INSIGHTS, INC.
Future Market Insights, Inc. is an ESOMAR-certified business consulting & market research firm, a member of the Greater New York Chamber of Commerce and is headquartered in Delaware, USA. A recipient of Clutch Leaders Award 2022 on account of high client score (4.9/5), we have been collaborating with global enterprises in their business transformation journey and helping them deliver on their business ambitions. 80% of the largest Forbes 1000 enterprises are our clients. We serve global clients across all leading & niche market segments across all major industries.
Contact Us:
Future Market Insights, Inc.
1602-6 Jumeirah Bay X2 Tower,
Plot No: JLT-PH2-X2A,
Jumeirah Lakes Towers, Dubai,
United Arab Emirates
LinkedIn| Twitter| Blogs | YouTube
For Sales Enquiries: sales@futuremarketinsights.com
