3D Measurement Sensors in Logistics Market Size, Share, Growth by 2030

The market for 3D measurement sensors in logistics is projected to expand from US$ 127.50 million in 2022 to US$ 242.13 million by 2030, reflecting a compound annual growth rate (CAGR) of 8.3% throughout the forecast period.

The logistics sector has experienced significant growth, largely driven by the booming e-commerce industry, which has increased the demand for 3D measurement sensors. According to the International Air Transport Association, in 2021, approximately 2.14 billion individuals engaged in online shopping, representing around 27.6% of the global population. The International Trade Administration reports that China stands as the largest e-commerce market globally, accounting for nearly 50% of all transactions worldwide. In 2021, China's e-commerce sector generated about US$ 1.5 trillion in revenue, solidifying its position as the leading e-commerce market. The surge in online shopping is propelling the logistics industry in China, thereby creating a conducive environment for the growth of 3D measurement sensors in logistics. As the logistics sector rapidly expands in China, the government is implementing various initiatives to foster further development. In January 2023, the Chinese government unveiled a five-year plan aimed at modernizing the logistics industry. This plan focuses on promoting digital transformation, enhancing business competitiveness, and improving the quality and efficiency of logistics services. Consequently, these governmental efforts to advance the logistics sector are significantly contributing to the growth of the 3D measurement sensors market in logistics.

The 3D measurement sensors market in logistics is also experiencing technological innovations from various industry players. Manufacturers are actively developing advanced technologies and solutions in response to the increasing demand for automation within the logistics sector, which is further driving the need for 3D measurement sensors. For instance, Analog Devices, Inc. has introduced 3D depth-sensing technology that facilitates scanning, dimensioning, and asset tracking for logistics and transportation applications. Their 3D Time-of-Flight (ToF) technology is a scannerless LIDAR system that employs high-power optical pulses lasting nanoseconds to gather depth information from targeted scenes. Such advancements by market participants are expected to enhance the demand for 3D measurement sensors in logistics throughout the forecast period. Additionally, other companies are also innovating; for example, in May 2023, Vzense Technology Inc. launched a 3D depth-sensing camera designed for inventory tracking. This camera utilizes infrared light to measure distances between objects, aiding in the tracking of object movements in three-dimensional space. Therefore, these factors collectively contribute to the rising demand for automation in the logistics sector, which is anticipated to further stimulate the growth of the 3D measurement sensors market during the forecast period.

The increase in e-commerce activities is a primary driver of automation within the logistics industry, consequently propelling the growth of the 3D measurement sensors market. According to an analysis by Digital Commerce 360 based on U.S. Department of Commerce data, U.S. e-commerce sales reached US$ 1.03 trillion in 2022, marking a 7.7% increase from US$ 960.44 billion in 2021. The International Trade Administration (ITA) noted that in 2022, around 75% of the Canadian population (approximately 27 million individuals) engaged in e-commerce, with projections indicating this figure will rise to 77.6% by 2025. Thus, the escalating demand for automation is significantly influencing the growth of the 3D measurement sensors market during the forecast period.

Stereo vision technology plays a crucial role in identifying objects within a scene, even when they are partially hidden. This capability is particularly beneficial for tasks such as picking and packing, ensuring that the correct items are shipped. Stereo vision can accurately measure the dimensions of objects, which is essential for maintaining quality standards and optimizing the loading and unloading processes of trucks and containers. The expansion of logistics operations is driving the demand for stereo vision technology, thereby increasing the need for 3D measurement sensors in logistics. For instance, the U.S. Department of Commerce reported that in the first quarter of 2023, e-commerce estimates rose by 7.8% compared to the first quarter of 2022, while total retail sales increased by 3.4%. Consequently, the growth in the retail and e-commerce sectors has led to heightened logistics and warehouse activities, further promoting the adoption of technologies like stereo vision and enhancing the growth of the 3D measurement sensors market in logistics.

Key players in the 3D measurement sensors market for logistics include Micro-Epsilon Messtechnik GmbH & Co KG, Infineon Technologies AG, Sony Semiconductor Solutions Corp, Cognex Corp, ifm Electronic GmbH, Intel Corp, LMI Technologies Inc, Keyence Corp, OMRON Corp, and Sick AG.