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Depth Sensing Market is expected to reach USD 5918.11 Million by 2024 with the CAGR of 12.09% over the forecast period

Depth Sensing Market is valued at USD 2662.04 Million in 2017 and expected to reach USD 5918.11 Million by 2024 with the CAGR of 12.09%. Increasing demand for the advanced technological applications like VR gaming, smart phones, automated vehicles, AR and so on is responsible for the growth of the market. Depth sensing is defined as the process of measuring real world through depth sensors and similar equipment and to help the computer in generating virtual world with the help of provided information from the sensors. Depth sensors generate in depth information like distance, gestures, body movements, object motion etc., from a certain scene by measuring the distance between sensor and the object in front of it. Due to depth sensor it is possible to detect monocular signs and real values of depth of the environment. Other than this depth sensor has the ability to capture video data in 3D in any light condition. These sensors sense and scan the area in front of it and generate an approximate model of the real world in computer which is used in virtual reality, augmented reality, autonomous vehicle and so on. Basically, it can be said that the technology through which the computer or the machine sense the real world and construct a world accordingly is called depth sensing. The market of depth sensing is segmented in to five ways which are depth sensing components, type, technology, end-use industry and region. The components in depth sensing market is divided in to sensor, illuminator and camera/lens module. The technologies that are used in depth sensing are structured light, time-of-flight and stereo vision. The market is categorized in to active depth sensing and passive depth sensing based on type. In terms of end-use industry, the depth sensing market is segmented in to automotive, building automation, consumer electronics, industrial, medical and others. The regions covered in this Depth Sensing Market report are North America, Europe, Asia-Pacific and Rest of the World. On the basis of country level, market of Depth Sensing is sub divided into U.S., Mexico, Canada, UK, France, Germany, Italy, China, Japan, India, South East Asia, GCC, Africa, etc.

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