
The sensor industry is witnessing substantial technological advancements across IT & telecommunication and electronics industry. Developments in electronics industry that saw the introduction of an upgraded 3D sensor has changed the way services are being delivered in the sensor business. Rise in demand for smartphones and increased requirement for improving performance of electronic devices is driving the growth of the 3D sensor market. Such sensors find a number of applications in different industry verticals such as consumer electronics, healthcare, industrial robotics, automotive, and security and surveillance. The market for 3D sensors is forecast to reach US$ 2,556.6 Mn by 2026 from US$ 1,292.2 Mn in 2016, recording a CAGR of 7.2%.