The depth sensing market is estimated to be valued at US$2,372.839 million in 2018 and is projected to grow at a CAGR of 15.57% to reach the market size of US$5,653.350 million by 2024. The developing focus on computerizing different applications is essentially driving the utilization of robots in various industry verticals. The robots are progressively inserted with depth-sensing technology, which considers more precise and simple estimation necessities in different applications.