Depth sensing device is integrated with sensors, illuminators and lens module. A huge quantity of power is expended while apprehending the data, processing data, and filtering the data to acquire the essential information. The global depth sensing market is growing at significant rate, due to escalating implementation of dual-camera smartphones, and mounting need for enhanced medical imaging solutions.

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On the basis of component the depth sensing market is subdivided into sensor, camera or lens module and illuminator. Among all components, camera or lens module segment accounted the largest share in the market, due to mounting need for improved quality images and uses such as gesture control, face recognition, and gaming. In addition, the sensor segment is expected to grow at fastest rate in the market due to mounting need for precise depth data.

On the basis of technology the depth sensing market is subdivided into stereo vision, time-of-flight and structured light. Among all technologies, the time-of-flight segment is expected to grow at fastest rate in the market due to depleted power consumption, precise depth data, and moderately simple software and hardware requirements.

The consumer electronics segment is further subdivided into scanning, gesture control, payment, facial recognition and Ar-Vr. The scanning segment is expected to upsurge in the projection period.

Mounting smartphone market, upsurge in usage of depth sensing technology, escalating implementation of dual-camera smartphones, mounting necessity for security and surveillance systems and mounting usage of depth sensing technology in Ar-Vr gaming applications are the primary growth drivers for depth sensing market.

Globally industry players are leveraging market growth through launching new products. The high level of capital requirement also poses a major barrier for the entry of new players.

Geographically, Asia-Pacific the largest depth sensing market and is observed to witness fastest growth in the market due to mounting demand of depth sensing from consumer electronics applications such as tablets, gaming handset, smartphone and laptops. In addition, escalating implementation of dual-camera smartphones and mounting precise depth calculation in several industries are also up surging growth of the Asia-Pacific depth sensing market.

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Key players in the depth sensing market are catering the demand by collaborating, and acquiring with small players and investing on technologically advanced products across the globe. In August 2017, Qualcomm Incorporated expanded its Qualcomm Spectra Module Program, for improved biometric authentication and high-resolution depth sensing, in order to meet budding demands of photo and video for a wide range of mobile devices and head mounted displays. Texas Instruments, Sony Depthsensing Solutions, Intel, Infineon Technologies, Becom Bluetechnix GmbH, Espros Photonics Corporation, Pmdtechnologies AG, Stereolabs, Qualcomm Incorporated and Creative Technology Ltd are the key players offering depth sensing.

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