The global depth sensing market is growing at a significant rate, due to escalating implementation of dual-camera smartphones, and a mounting need for enhanced medical imaging solutions. Different components contributed to the depth sensing market size. The market has witnessed a high demand for camera or lens module in the coming years due to the mounting need for improved quality images and uses such as gesture control, face recognition and gaming.
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On the basis of type, the market is subdivided into active depth sensing and passive depth sensing. Among both types, the active depth sensing is expected to grow at the fastest rate in the depth sensing market due to the mounting need for precise depth calculations essential in several sectors such as industrial, automotive and consumer electronics.
The mounting smartphone market, upsurge in usage of depth-sensing technology, escalating implementation of dual-camera smartphones, the 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.
Geographically, Asia-Pacific the largest depth sensing market and is observed to witness the 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 the 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.
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.
Source: VynZ Research