3D Sensing Technology Market is accounted for $882.10 million in 2017 and is expected to reach $4,982.90 million by 2026 growing at a CAGR of 21.2% during the forecast period. Some of the key factors influencing the market growth include increase in demand of biometric authentication, growing demand for 3d sensors in consumer electronics and increase in number of next generation smartphones around the globe. However, high maintenance cost and high refurbishment cost are restricting the market growth.
3D Sensing can be achieved by using a different number of technologies. In this technology provides object movement based on temporal change of angles, it provides movements in the form of numerical data. 3D sensing is the optical technology behind mobile face recognition and it depends on innovative optical components. There are some techniques for 3D sensing can be used to implement face recognition, and advanced optical components support all.
Some of the key players in global 3D Sensing Technology market are:Microsoft Corporation, Texas Instruments Incorporated, Finisar Corporation, AMS AG, PMD Technologies AG, Microchip Technology Inc., Infineon Technologies AG, LMI Technologies, Inc., Intel Corporation, Qualcomm Technologies, Inc., STMicroelectronics N.V., Cognex Corporation, OmniVision Technologies, Inc., ASUSTeK Computer Inc, Himax Technologies, Inc., Lumentum Holdings Inc. and IFM Electronic GmbH.
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