The global time-of-flight (TOF) sensor market size reached US$ 4.4 Billion in 2023. Looking forward, the publisher expects the market to reach US$ 16.0 Billion by 2032, exhibiting a growth rate (CAGR) of 15.4% during 2023-2032.
Time-of-flight (ToF) sensor is a small and lightweight sensor that measures depth and distance by using the time-of-flight principle. It helps calculate distances using the time taken by photons to travel from the emitter of a sensor to the target and then back to the receiver. It offers insights into key business metrics, including periodic occupancy counting to space optimization. Besides this, it is a reliable and cost-effective technology that provides a more extended range, precise and faster readings, and better safety and accuracy than other distance sensors. As a result, the TOF sensor finds extensive applications in robot navigation, 3D mapping, industrial automation, vehicle monitoring, and object detection.
2. What is the expected growth rate of the global Time-of-Flight (TOF) sensor market during 2024-2032?
3. What are the key factors driving the global Time-of-Flight (TOF) sensor market?
4. What has been the impact of COVID-19 on the global Time-of-Flight (TOF) sensor market?
5. What is the breakup of the global Time-of-Flight (TOF) sensor market based on the type?
6. What is the breakup of the global Time-of-Flight (TOF) sensor market based on the application?
7. What is the breakup of the global Time-of-Flight (TOF) sensor market based on the end user?
8. What are the key regions in the global Time-of-Flight (TOF) sensor market?
9. Who are the key players/companies in the global Time-of-Flight (TOF) sensor market?
Time-of-flight (ToF) sensor is a small and lightweight sensor that measures depth and distance by using the time-of-flight principle. It helps calculate distances using the time taken by photons to travel from the emitter of a sensor to the target and then back to the receiver. It offers insights into key business metrics, including periodic occupancy counting to space optimization. Besides this, it is a reliable and cost-effective technology that provides a more extended range, precise and faster readings, and better safety and accuracy than other distance sensors. As a result, the TOF sensor finds extensive applications in robot navigation, 3D mapping, industrial automation, vehicle monitoring, and object detection.
Time-of-Flight (TOF) Sensor Market Trends:
The rising employment of ToF sensors in the automotive industry to support hand position interaction and operate the sunroof, air conditioning, and radio system represents one of the key factors positively influencing the market. In addition, the growing global population is driving the demand for consumer electronic goods, such as smartphones, laptops, tablets, and wearables. TOF sensors in smartphones support front-facial recognition and rear-facing applications with high reliability, low power consumption and cost, and easy integration. Apart from this, the increasing utilization of three-dimensional (3D) TOF cameras in object scanning and tracking, security systems, indoor navigation, obstacle avoidance, and medical imaging is creating a positive market outlook. Furthermore, the deployment of industry 4.0 and the increasing employment of 3D machine vision systems across various industry verticals are contributing to market growth. Additionally, leading market players are introducing technologically advanced product variants to expand their market reach and increase profitability. Moreover, investments in research and development (R&D) in the electronic industry are expected to drive the market.Key Market Segmentation:
The publisher provides an analysis of the key trends in each sub-segment of the global time-of-flight (TOF) sensor market report, along with forecasts at the global, regional and country level from 2024-2032. The report has categorized the market based on type, application and end user.Breakup by Type:
- RF-Modulated Light Sources with Phase Detectors
- Range-Gated Imagers
- Direct Time-of-Flight Imagers
Breakup by Application:
- Augmented Reality and Virtual Reality
- LiDAR
- Machine Vision
- 3D Imaging and Scanning
- Robotics and Drone
Breakup by End User:
- Consumer Electronics
- Automotive
- Entertainment and Gaming
- Industrial
- Healthcare
- Others
Breakup by Region:
- North America
- United States
- Canada
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Brazil
- Mexico
- Others
- Middle East and Africa
Competitive Landscape:
- The competitive landscape of the industry has also been examined along with the profiles of the key players being Adafruit Industries, ams AG, Broadcom Inc., Infineon Technologies AG, Keyence Corporation, Melexis (Xtrion N.V.), Omron Corporation, pmdtechnologies ag, Renesas Electronics Corporation, Sharp Corporation, Sony Semiconductor Solutions Corporation (Sony Group Corporation), STMicroelectronics N.V., Teledyne e2v (Teledyne Technologies Incorporated) and Texas Instruments Incorporated.
Key Questions Answered in This Report
1. How big is the global Time-of-Flight (TOF) sensor market?2. What is the expected growth rate of the global Time-of-Flight (TOF) sensor market during 2024-2032?
3. What are the key factors driving the global Time-of-Flight (TOF) sensor market?
4. What has been the impact of COVID-19 on the global Time-of-Flight (TOF) sensor market?
5. What is the breakup of the global Time-of-Flight (TOF) sensor market based on the type?
6. What is the breakup of the global Time-of-Flight (TOF) sensor market based on the application?
7. What is the breakup of the global Time-of-Flight (TOF) sensor market based on the end user?
8. What are the key regions in the global Time-of-Flight (TOF) sensor market?
9. Who are the key players/companies in the global Time-of-Flight (TOF) sensor market?
Table of Contents
1 Preface3 Executive Summary11 Value Chain Analysis13 Price Analysis
2 Scope and Methodology
4 Introduction
5 Global Time-of-Flight (TOF) Sensor Market
6 Market Breakup by Type
7 Market Breakup by Application
8 Market Breakup by End User
9 Market Breakup by Region
10 SWOT Analysis
12 Porters Five Forces Analysis
14 Competitive Landscape
List of Figures
List of Tables
Companies Mentioned
- Adafruit Industries
- ams AG
- Broadcom Inc.
- Infineon Technologies AG
- Keyence Corporation
- Melexis (Xtrion N.V.)
- Omron Corporation
- pmdtechnologies ag
- Renesas Electronics Corporation
- Sharp Corporation
- Sony Semiconductor Solutions Corporation (Sony Group Corporation)
- STMicroelectronics N.V.
- Teledyne e2v (Teledyne Technologies Incorporated) and Texas Instruments Incorporated.
Methodology
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 149 |
| Published | March 2024 |
| Forecast Period | 2023 - 2032 |
| Estimated Market Value ( USD | $ 4.4 Billion |
| Forecasted Market Value ( USD | $ 16 Billion |
| Compound Annual Growth Rate | 15.4% |
| Regions Covered | Global |
| No. of Companies Mentioned | 13 |
