Asia Pacific 3D Sensors Market to 2027 - Regional Analysis and Forecasts by Technology (Stereo Vision, Time-Of-Flight, Structured Light, Flood Illumination); End-user Verticals (Healthcare, Aerospace, Industrial, Automotive, Healthcare, Others)
3D sensors market in Asia-Pacific is expected to grow from US$ 2.32 Bn in 2018 to US$ 42.23 Bn by the year 2027. This represents a CAGR of 35.4% from the year 2019 to 2027.
The government of several nations worldwide are taking initiatives to support and promote the development and adoption of robotics in their respective countries. For instance, under its Industry Transformation Program, the government of Singapore has announced several measures to encourage companies and industries to innovate, automate, expand overseas, and obtain financing. The Singapore government, in 2015, introduced the “National Robotics Program” for the development and deployment of robotics in various sectors, including healthcare, manufacturing, construction, and logistics. Further, a new three-year Automation Support Package was introduced as part of its budget in 2016. Under this, the government enhanced the program by providing over US$ 450 Mn for the development and adoption of robotics. The growing government initiatives to promote robotics are expected to drive the growth of the 3D sensors market.
The manufacturing sector is expanding rapidly with the emerging investments from various regions in technological advancements. The manufacturers are anticipated to invest 13% more in several nonresidential buildings and machinery in such regions in the coming years. This expansion in the manufacturing sector is expected to embrace technological advancements to enhance the plant productivity, maintain process flow with varying customer demands, and gain a competitive edge over competitors. Also, the industry is presently found to be in the middle of a technological renaissance, which is changing the outlook, systems, and processes of modern factory setups. These technological revolutions have been encouraging the manufacturing industries to further invest in emerging technologies to enhance their productivity and production cycle. The growing popularity of automation across the industrial sector is expected to drive the growth of the 3D sensors market.
The 3D sensors market is fragmented with the presence of several market players. The companies operating in the 3D sensors market are focusing on offering flexible and efficient solutions to attract new customers and gain a strong market position.
The 3D sensors market by technology is segmented into stereo vision, time-of-flight, and structured light. The Structured Light Approach (SLA) is an active triangulation method for 3D range measurement and has high-resolution 3D data. A structured light 3D scanner allows project multiple light patterns concurrently in a large area. The machines utilize an LED light source that lasts longer, and these machines have a higher tolerance for scanning in a room that contains additional light sources. The SLA has an operating temperature lower than the white light machines. In SLI, a pattern of infrared light pattern is projected onto an object. ToF sensors measure the time of light traveling. Moreover, SLI uses the distortion of the infrared light pattern to calculate the distance to an object.
The overall Asia-Pacific 3D sensors market size has been derived using both primary and secondary sources. The research process begins with exhaustive secondary research using internal and external sources to obtain qualitative and quantitative information related to the Asia-Pacific 3D sensors market. It also provides the overview and forecast for the Asia-Pacific 3D sensors market based on all the segmentation provided with respect to the Asia-Pacific region. Also, primary interviews were conducted with industry participants and commentators in order to validate data and analysis. The participants who typically take part in such a process include industry experts such as VPs, business development managers, market intelligence managers, and national sales managers, and external consultants such as valuation experts, research analysts, and key opinion leaders specializing in the Asia-Pacific 3D sensors industry. Some of the players present in 3D sensors market are Adafruit, Ams Ag, Teledyne, Ifm Electronic GmbH, Infineon Technologies Ag, Keyence Corporation, Melexis, STMicroelectronics, Sony Corporation, and Texas Instruments Incorporated, among others.
Reasons to buy
Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the Asia-Pacific 3D Sensors market.
Highlights key business priorities in order to assist companies to realign their business strategies.
The key findings and recommendations highlight crucial progressive industry trends in the Asia-Pacific 3D Sensors market, thereby allowing players across the value chain to develop effective long-term strategies.
Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
Scrutinize in-depth Asia-Pacific market trends and outlook coupled with the factors driving the market, as well as those hindering it.
Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution.
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.Download eBook