The time-of-flight (tof) sensor market size has grown rapidly in recent years. It will grow from $3.89 billion in 2024 to $4.64 billion in 2025 at a compound annual growth rate (CAGR) of 19.4%. The growth in the historic period can be attributed to automation in industrial processes, growth of 3d imaging applications, rise in demand for biometric authentication, medical imaging applications, demand for energy-efficient sensors, increasing integration in smartphones.
The time-of-flight (TOF) sensor market size is expected to see rapid growth in the next few years. It will grow to $8.79 billion in 2029 at a compound annual growth rate (CAGR) of 17.3%. The growth in the forecast period can be attributed to increased deployment in smart cities, continued growth of wearable devices, expansion of e-commerce and warehousing, integration in gaming and entertainment, development of smart retail solutions. Major trends in the forecast period include gesture recognition and human-machine interaction, advancements in sensor technology, iot connectivity, ar/vr devices, robotics and automation, automotive lidar development.
The anticipated increase in the utilization of camera-based driver monitoring sensors in the automotive industry is poised to propel the growth of the time-of-flight (ToF) sensor market. The automotive industry encompasses the manufacturing of various vehicles, including trucks, buses, and motorcycles, along with their components such as engines and bodies. ToF sensors in the automotive sector find applications in obstacle detection, localization, and object picking or placing. Additionally, they are utilized in driver-monitoring systems (DMS) to monitor drowsiness and driver fatigue through features such as eye gaze, head pose, and blink detection. The growing adoption of these sensors in the automotive industry, particularly in camera-based DMS, is contributing to an increased demand for time-of-flight (ToF) sensors. For example, in November 2022, EE Times reported that over half of the total number of vehicles produced would be equipped with camera-based DMS by 2029, underlining the significant role of ToF sensors in this context.
The growing demand for consumer electronics is expected to drive the expansion of the time-of-flight (ToF) sensor market in the coming years. Consumer electronics refer to devices designed for everyday use by individuals and households, commonly used for entertainment and communication. Time-of-flight (ToF) sensors are utilized in consumer electronics to enhance facial recognition systems by generating 3D maps of a user's face, improving both accuracy and security in smartphones and tablets. For example, in December 2022, gfu Consumer & Home Electronics GmbH, a Germany-based electronics provider, reported €33.7 billion ($36.56 billion) in sales of electronics products from January to September 2022. Thus, the rising demand for consumer electronics is fueling the growth of the ToF sensor market.
Product innovation stands out as a prominent trend gaining traction in the time-of-flight (ToF) sensor market, with major companies actively investing in research and development to introduce groundbreaking products and maintain their market positions. A notable example is TDK Corporation, a Japan-based electronic components and devices company, which, in January 2022, launched the Chirp ICU-10201 and ICU-20201. These high-performance, ultra-low power integrated ultrasonic time-of-flight sensors are designed for both short- and long-range detection. The Chirp ICU-10201 and ICU-20201 feature integrated on-chip processors with substantial computational power, enhancing processing capabilities and accommodating a wide range of application algorithms. These sensors provide accurate range measurements for targets up to 1.2 meters and 5 meters away, respectively. Notably, they can measure distance in any lighting condition and offer millimeter-level accuracy, independent of the target's color and optical transparency.
Major companies operating in the time-of-flight (ToF) sensor market are introducing novel products such as DepthVista to sustain their market positions. An illustration is e-con Systems, a US-based original equipment manufacturer (OEM) camera manufacturer company, which, in May 2022, launched DepthVista. This ToF camera is specifically designed for accurate 3D depth measurement, capable of capturing 640x480 depth maps at a frame rate of 30 frames per second (fps). DepthVista finds applications in various domains, including autonomous mobile robots, autonomous tractors, patient care and monitoring, and 3D-based facial recognition. It offers far-range and close-range modes with maximum and minimum ranges of 6 meters and 0.2 meters, respectively. These product innovations highlight the industry's commitment to advancing technology and addressing diverse application needs, contributing to the dynamic growth of the time-of-flight (ToF) sensor market.
In June 2023, Lumentum Holdings, a U.S.-based provider of optical and photonic products, acquired specific time-of-flight (ToF) technology assets from IPG Photonics. This strategic acquisition is expected to bolster Lumentum’s capabilities in 3D sensing and laser-based applications for automotive and consumer electronics. The purchase of these specific ToF technology assets from IPG Photonics is primarily focused on strengthening Lumentum's position in the 3D sensing market, especially for automotive and consumer electronics applications. This strategic initiative aims to expand Lumentum's capabilities in laser-based technologies, which are increasingly important in fields such as autonomous vehicles and advanced camera systems. IPG Photonics is a U.S.-based manufacturer of high-performance fiber lasers and amplifiers.
Major companies operating in the time-of-flight (TOF) sensor market include Texas Instruments Incorporated, STMicroelectronics NV, Infineon Technologies AG, Panasonic Corporation, Teledyne Technologies Incorporated, Keyence Corporation, pmdtechnologies ag, Sharp Corporation, Sony Group Corporation, Melexis NV, ams-OSRAM AG, Broadcom Inc, Omron Corporation, Renesas Electronics Corporation, Adafruit Industries LLC, ESPROS Photonics Corporation, Terabee, Lucid Vision Labs Inc, BECOM Electronics GmbH, SparkFun Electronics Inc, Chirp Microsystems Inc, MikroElektronika d, Sentric Controls Sdn Bhd, Quanergy Systems Inc, Balluff Inc, Iris-GmbH Infrared & Intelligent Sensors, Pololu Corporation, TDK Corporation, Rockwell Automation Inc, Advanced Scientific Concepts LLC.
Asia-Pacific was the largest region in the time-of-flight (ToF) sensor market in 2024. The regions covered in the time-of-flight (tof) sensor market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the time-of-flight (tof) sensor market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The time-of-flight (ToF) sensor is a compact and lightweight device leveraging the time-of-flight principle to ascertain depth and distance. It accomplishes this by measuring the duration taken by photons to travel from the sensor's emitter to a target and back to the emitter. This technology is utilized to calculate distances between sensors and objects based on the time elapsed between transmitting a signal and its return after being reflected by an object.
Various types of time-of-flight (ToF) sensors include RF-modulated light sources paired with phase detectors, range-gated images, and direct time-of-flight imagers. RF-modulated light sources with phase detectors involve radio frequency light sources that convert electrical energy into visible radiation by analyzing the phase difference between two input signals of the same frequency. This technology is instrumental in capturing 3D images using a single laser pulse. ToF sensors find application across diverse fields such as augmented reality and virtual reality, LiDAR (Light Detection and Ranging), machine vision, 3D imaging and scanning, robotics, and drones. These sensors have widespread usage in industries including automotive, consumer electronics, gaming and entertainment, industrial sectors, healthcare, aerospace, and defense.
The time-of-flight (ToF) sensor market research report is one of a series of new reports that provides time-of-flight (ToF) sensor market statistics, including the time-of-flight (ToF) sensor industry global market size, regional shares, competitors with a time-of-flight (ToF) sensor market share, detailed time-of-flight (ToF) sensor market segments, market trends and opportunities, and any further data you may need to thrive in the time-of-flight (ToF) sensor industry. This time-of-flight (ToF) sensor market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The time-of-flight (ToF) sensor market consists of sales of ToF sensors and sensor modules, light sources, depth sensors, and range imaging cameras. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 3-5 business days.
The time-of-flight (TOF) sensor market size is expected to see rapid growth in the next few years. It will grow to $8.79 billion in 2029 at a compound annual growth rate (CAGR) of 17.3%. The growth in the forecast period can be attributed to increased deployment in smart cities, continued growth of wearable devices, expansion of e-commerce and warehousing, integration in gaming and entertainment, development of smart retail solutions. Major trends in the forecast period include gesture recognition and human-machine interaction, advancements in sensor technology, iot connectivity, ar/vr devices, robotics and automation, automotive lidar development.
The anticipated increase in the utilization of camera-based driver monitoring sensors in the automotive industry is poised to propel the growth of the time-of-flight (ToF) sensor market. The automotive industry encompasses the manufacturing of various vehicles, including trucks, buses, and motorcycles, along with their components such as engines and bodies. ToF sensors in the automotive sector find applications in obstacle detection, localization, and object picking or placing. Additionally, they are utilized in driver-monitoring systems (DMS) to monitor drowsiness and driver fatigue through features such as eye gaze, head pose, and blink detection. The growing adoption of these sensors in the automotive industry, particularly in camera-based DMS, is contributing to an increased demand for time-of-flight (ToF) sensors. For example, in November 2022, EE Times reported that over half of the total number of vehicles produced would be equipped with camera-based DMS by 2029, underlining the significant role of ToF sensors in this context.
The growing demand for consumer electronics is expected to drive the expansion of the time-of-flight (ToF) sensor market in the coming years. Consumer electronics refer to devices designed for everyday use by individuals and households, commonly used for entertainment and communication. Time-of-flight (ToF) sensors are utilized in consumer electronics to enhance facial recognition systems by generating 3D maps of a user's face, improving both accuracy and security in smartphones and tablets. For example, in December 2022, gfu Consumer & Home Electronics GmbH, a Germany-based electronics provider, reported €33.7 billion ($36.56 billion) in sales of electronics products from January to September 2022. Thus, the rising demand for consumer electronics is fueling the growth of the ToF sensor market.
Product innovation stands out as a prominent trend gaining traction in the time-of-flight (ToF) sensor market, with major companies actively investing in research and development to introduce groundbreaking products and maintain their market positions. A notable example is TDK Corporation, a Japan-based electronic components and devices company, which, in January 2022, launched the Chirp ICU-10201 and ICU-20201. These high-performance, ultra-low power integrated ultrasonic time-of-flight sensors are designed for both short- and long-range detection. The Chirp ICU-10201 and ICU-20201 feature integrated on-chip processors with substantial computational power, enhancing processing capabilities and accommodating a wide range of application algorithms. These sensors provide accurate range measurements for targets up to 1.2 meters and 5 meters away, respectively. Notably, they can measure distance in any lighting condition and offer millimeter-level accuracy, independent of the target's color and optical transparency.
Major companies operating in the time-of-flight (ToF) sensor market are introducing novel products such as DepthVista to sustain their market positions. An illustration is e-con Systems, a US-based original equipment manufacturer (OEM) camera manufacturer company, which, in May 2022, launched DepthVista. This ToF camera is specifically designed for accurate 3D depth measurement, capable of capturing 640x480 depth maps at a frame rate of 30 frames per second (fps). DepthVista finds applications in various domains, including autonomous mobile robots, autonomous tractors, patient care and monitoring, and 3D-based facial recognition. It offers far-range and close-range modes with maximum and minimum ranges of 6 meters and 0.2 meters, respectively. These product innovations highlight the industry's commitment to advancing technology and addressing diverse application needs, contributing to the dynamic growth of the time-of-flight (ToF) sensor market.
In June 2023, Lumentum Holdings, a U.S.-based provider of optical and photonic products, acquired specific time-of-flight (ToF) technology assets from IPG Photonics. This strategic acquisition is expected to bolster Lumentum’s capabilities in 3D sensing and laser-based applications for automotive and consumer electronics. The purchase of these specific ToF technology assets from IPG Photonics is primarily focused on strengthening Lumentum's position in the 3D sensing market, especially for automotive and consumer electronics applications. This strategic initiative aims to expand Lumentum's capabilities in laser-based technologies, which are increasingly important in fields such as autonomous vehicles and advanced camera systems. IPG Photonics is a U.S.-based manufacturer of high-performance fiber lasers and amplifiers.
Major companies operating in the time-of-flight (TOF) sensor market include Texas Instruments Incorporated, STMicroelectronics NV, Infineon Technologies AG, Panasonic Corporation, Teledyne Technologies Incorporated, Keyence Corporation, pmdtechnologies ag, Sharp Corporation, Sony Group Corporation, Melexis NV, ams-OSRAM AG, Broadcom Inc, Omron Corporation, Renesas Electronics Corporation, Adafruit Industries LLC, ESPROS Photonics Corporation, Terabee, Lucid Vision Labs Inc, BECOM Electronics GmbH, SparkFun Electronics Inc, Chirp Microsystems Inc, MikroElektronika d, Sentric Controls Sdn Bhd, Quanergy Systems Inc, Balluff Inc, Iris-GmbH Infrared & Intelligent Sensors, Pololu Corporation, TDK Corporation, Rockwell Automation Inc, Advanced Scientific Concepts LLC.
Asia-Pacific was the largest region in the time-of-flight (ToF) sensor market in 2024. The regions covered in the time-of-flight (tof) sensor market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the time-of-flight (tof) sensor market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The time-of-flight (ToF) sensor is a compact and lightweight device leveraging the time-of-flight principle to ascertain depth and distance. It accomplishes this by measuring the duration taken by photons to travel from the sensor's emitter to a target and back to the emitter. This technology is utilized to calculate distances between sensors and objects based on the time elapsed between transmitting a signal and its return after being reflected by an object.
Various types of time-of-flight (ToF) sensors include RF-modulated light sources paired with phase detectors, range-gated images, and direct time-of-flight imagers. RF-modulated light sources with phase detectors involve radio frequency light sources that convert electrical energy into visible radiation by analyzing the phase difference between two input signals of the same frequency. This technology is instrumental in capturing 3D images using a single laser pulse. ToF sensors find application across diverse fields such as augmented reality and virtual reality, LiDAR (Light Detection and Ranging), machine vision, 3D imaging and scanning, robotics, and drones. These sensors have widespread usage in industries including automotive, consumer electronics, gaming and entertainment, industrial sectors, healthcare, aerospace, and defense.
The time-of-flight (ToF) sensor market research report is one of a series of new reports that provides time-of-flight (ToF) sensor market statistics, including the time-of-flight (ToF) sensor industry global market size, regional shares, competitors with a time-of-flight (ToF) sensor market share, detailed time-of-flight (ToF) sensor market segments, market trends and opportunities, and any further data you may need to thrive in the time-of-flight (ToF) sensor industry. This time-of-flight (ToF) sensor market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The time-of-flight (ToF) sensor market consists of sales of ToF sensors and sensor modules, light sources, depth sensors, and range imaging cameras. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 3-5 business days.
Table of Contents
1. Executive Summary2. Time-of-Flight (TOF) Sensor Market Characteristics3. Time-of-Flight (TOF) Sensor Market Trends and Strategies4. Time-of-Flight (TOF) Sensor Market - Macro Economic Scenario Including the Impact of Interest Rates, Inflation, Geopolitics, and the Recovery from COVID-19 on the Market32. Global Time-of-Flight (TOF) Sensor Market Competitive Benchmarking and Dashboard33. Key Mergers and Acquisitions in the Time-of-Flight (TOF) Sensor Market34. Recent Developments in the Time-of-Flight (TOF) Sensor Market
5. Global Time-of-Flight (TOF) Sensor Growth Analysis and Strategic Analysis Framework
6. Time-of-Flight (TOF) Sensor Market Segmentation
7. Time-of-Flight (TOF) Sensor Market Regional and Country Analysis
8. Asia-Pacific Time-of-Flight (TOF) Sensor Market
9. China Time-of-Flight (TOF) Sensor Market
10. India Time-of-Flight (TOF) Sensor Market
11. Japan Time-of-Flight (TOF) Sensor Market
12. Australia Time-of-Flight (TOF) Sensor Market
13. Indonesia Time-of-Flight (TOF) Sensor Market
14. South Korea Time-of-Flight (TOF) Sensor Market
15. Western Europe Time-of-Flight (TOF) Sensor Market
16. UK Time-of-Flight (TOF) Sensor Market
17. Germany Time-of-Flight (TOF) Sensor Market
18. France Time-of-Flight (TOF) Sensor Market
19. Italy Time-of-Flight (TOF) Sensor Market
20. Spain Time-of-Flight (TOF) Sensor Market
21. Eastern Europe Time-of-Flight (TOF) Sensor Market
22. Russia Time-of-Flight (TOF) Sensor Market
23. North America Time-of-Flight (TOF) Sensor Market
24. USA Time-of-Flight (TOF) Sensor Market
25. Canada Time-of-Flight (TOF) Sensor Market
26. South America Time-of-Flight (TOF) Sensor Market
27. Brazil Time-of-Flight (TOF) Sensor Market
28. Middle East Time-of-Flight (TOF) Sensor Market
29. Africa Time-of-Flight (TOF) Sensor Market
30. Time-of-Flight (TOF) Sensor Market Competitive Landscape and Company Profiles
31. Time-of-Flight (TOF) Sensor Market Other Major and Innovative Companies
35. Time-of-Flight (TOF) Sensor Market High Potential Countries, Segments and Strategies
36. Appendix
Executive Summary
Time-of-Flight (TOF) Sensor Global Market Report 2025 provides strategists, marketers and senior management with the critical information they need to assess the market.This report focuses on time-of-flight (tof) sensor market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
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- All data from the report will also be delivered in an excel dashboard format.
Description
Where is the largest and fastest growing market for time-of-flight (tof) sensor ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The time-of-flight (tof) sensor market global report answers all these questions and many more.The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.
- the market characteristics section of the report defines and explains the market.
- the market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
- the forecasts are made after considering the major factors currently impacting the market. These include:
- the forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.
- Market segmentations break down the market into sub markets.
- the regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
- the competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
- the trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
Scope
Markets Covered:
1) by Type: RF-Modulated Light Sources With Phase Detectors; Range-Gated Imagers; Direct Time-of-Flight Imagers2) by Application: Augmented Reality and Virtual Reality; Lidar; Machine Vision; 3D Imaging and Scanning; Robotics and Drone
3) by End-User: Automotive; Consumer Electronics; Gaming and Entertainment; Industrial; Healthcare; Aerospace and Defense
Subsegments:
1) by RF-Modulated Light Sources With Phase Detectors: Continuous Wave (CW) Modulation; Pulsed Modulation2) by Range-Gated Imagers: Single-Photon Avalanche Diode (SPAD) Sensors; Time-Correlated Single Photon Counting (TCSPC) Systems
3) by Direct Time-of-Flight Imagers: Single-Channel ToF Cameras; Multi-Channel ToF Cameras
Key Companies Mentioned: Texas Instruments Incorporated; STMicroelectronics NV; Infineon Technologies AG; Panasonic Corporation; Teledyne Technologies Incorporated
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time Series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita.
Data Segmentation: Country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Delivery Format: PDF, Word and Excel Data Dashboard.
Companies Mentioned
Some of the major companies featured in this Time-of-Flight (TOF) Sensor market report include:- Texas Instruments Incorporated
- STMicroelectronics NV
- Infineon Technologies AG
- Panasonic Corporation
- Teledyne Technologies Incorporated
- Keyence Corporation
- pmdtechnologies ag
- Sharp Corporation
- Sony Group Corporation
- Melexis NV
- ams-OSRAM AG
- Broadcom Inc
- Omron Corporation
- Renesas Electronics Corporation
- Adafruit Industries LLC
- ESPROS Photonics Corporation
- Terabee
- Lucid Vision Labs Inc
- BECOM Electronics GmbH
- SparkFun Electronics Inc
- Chirp Microsystems Inc
- MikroElektronika d
- Sentric Controls Sdn Bhd
- Quanergy Systems Inc
- Balluff Inc
- Iris-GmbH Infrared & Intelligent Sensors
- Pololu Corporation
- TDK Corporation
- Rockwell Automation Inc
- Advanced Scientific Concepts LLC
Table Information
Report Attribute | Details |
---|---|
No. of Pages | 200 |
Published | February 2025 |
Forecast Period | 2025 - 2029 |
Estimated Market Value ( USD | $ 4.64 Billion |
Forecasted Market Value ( USD | $ 8.79 Billion |
Compound Annual Growth Rate | 17.3% |
Regions Covered | Global |
No. of Companies Mentioned | 31 |