South & Central America 3D Measurement Sensors in Logistics Market Forecast to 2028 - Regional Analysis - by Type (Image Sensors, Position Sensos, Acoustic Sensors, Others) and Technology (Stereo Vision, Structured Light, Laser Light, Others)

The South & Central America 3D measurement sensors in logistics market is expected to grow from US$ 4.34 million in 2022 to US$ 5.29 million by 2030. It is estimated to grow at a CAGR of 2.5% from 2022 to 2030.

Growing Automation in Logistics Industry Fuel South & Central America 3D Measurement Sensors in Logistics Market

According to Analog Devices, Inc., global parcel shipments are expected to reach 220 billion by 2027, owing to the growing automation in the logistics and retail industry. Automation in logistics helps achieve efficiency and sustainability in the supply chain, along with satisfying consumer demand for faster delivery. It also enhances operational efficiency at the warehouse by providing real-time data through machine vision, asset tracking, data capture scanning, and object dimensioning. Further, it has been observed that the warehouse and distribution centers operate at only 80-85% efficiency. The automation at these centers can help reduce and resolve issues such as missorted products.

Various manufacturers are developing new technology and solutions as the demand for automation increases in the logistics industry. Analog Devices, Inc. offers 3D depth-sensing technology, which enables scanning, dimensioning, and asset tracking for transportation and logistics applications. The 3D ToF is a scanner less LIDAR that uses high-power optical pulses in durations of nanoseconds to capture depth information from a scene of interest. In addition, various other market players are developing innovative solutions. In May 2023, Vzense Technology Inc. introduced a 3D depth-sensing camera that can be used for inventory tracking. This camera uses infrared light to sense the distance between objects and help track the movement of objects in 3D space. Thus, all the above factors have surged the demand for automation in the logistics industry, which is expected to fuel the growth of the South & Central America 3D Measurement Sensors in Logistics Market during the forecast period.

South & Central America 3D Measurement Sensors in Logistics Market Overview

The 3D Measurement Sensors in Logistics Market in South & Central America is segmented into the US, Canada, and Mexico. South & Central America is a technologically advanced region owing to factors such as a high inclination toward technical innovation, developed infrastructure, and favorable economic policies. All these factors are fueling the growth of automation in every industry, including logistics, in the region. Various logistics companies in the region are working on automating their warehouses to increase productivity. For instance, in September 2021, Bergen Logistics, a global third-party logistics (3PL) company, announced that it had automated one of its New Jersey warehouses to increase productivity, ensure same-day delivery, and remain competitive in a tight labor market. For this, the company selected CAJA Robotics to provide software, robots, and workstations to optimize order fulfillment processes and warehouse operations. Thus, growing automation and increasing use of robots in warehouse operations are raising the demand for 3D measurement sensors, as these sensors help calculate the length, width, and depth of an object, which further helps the robots in handling, picking, and sorting objects.

Increased e-commerce activity in the region is one of the major factors boosting automation in the logistics industry. As per the Digital Commerce 360 analysis of U.S. Department of Commerce figures, the US e-commerce sales reached US$ 1.03 trillion in 2022, which increased by 7.7% from US$ 960.44 billion in 2021. According to the International Trade Administration (ITA), in 2022, approximately 75% of the Canadian population (~27 million people) was using e-commerce, which is expected to reach 77.6% by 2025. In March 2022, e-commerce sales in Canada were ~US$ 2.34 billion and are estimated to reach US$ 40.3 billion by 2025. Such growth in e-commerce is driving the logistics industry in South & Central America, further raising the need for automation in the logistics industry. Hence, this growing need for automation will fuel the growth of the South & Central America 3D Measurement Sensors in Logistics Market during the forecast period.

South & Central America 3D Measurement Sensors in Logistics Market Revenue and Forecast to 2030 (US$ Million)

South & Central America 3D Measurement Sensors in Logistics Market Segmentation

The South & Central America 3D measurement sensors in logistics market is segmented into type, application, and country.

Based on type, the South & Central America 3D measurement sensors in logistics market is segmented into image sensors, position sensos, acoustic sensors, and others. The image sensors segment held a largest share of the South & Central America 3D measurement sensors in logistics market in 2022.

Based on application, the South & Central America 3D measurement sensors in logistics market is segmented into technology, stereo vision, structured light, laser light, and others. The structured light segment held the largest share of the South & Central America 3D measurement sensors in logistics market in 2022.

Based on country, the South & Central America 3D measurement sensors in logistics market is segmented into Brazil, Argentina, and the Rest of South & Central America. Brazil dominated the South & Central America 3D measurement sensors in logistics market in 2022.

Micro-Epsilon Messtechnik GmbH & Co KG, Infineon Technologies AG, Cognex Corp, ifm Electronic GmbH, Intel Corp, Keyence Corp, OMRON Corp, and Sick AG are some of the leading companies operating in the South & Central America 3D measurement sensors in logistics market.