The 3D Sensing and Imaging Market is expected to reach $115.3 billion by 2030, at a CAGR of 24.2% during the forecast period of 2023–2030. The growth of the 3D sensing & imaging market is driven by the rising demand for devices with 3D sensing capabilities, growing preference for VCSELs over LEDs, rising demand for ADAS, and growing use of 3D imaging sensors across industries.