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Time-of-Flight Sensor Market Analysis
Time-of-Flight (ToF) Sensor Market Size, Share, Trend, Forecast, & Industry Analysis (2022-2028)
The Time-of-Flight Sensor Market was estimated to grow from USD 3.6 Billion in 2021 to USD 12.8 Billion by 2028 at a healthy CAGR of 19.55% during the forecast period.
Increasing penetration of ToF sensors in the automotive industry as they offer gesture control systems over a variety of functions to drivers and growing adoption of the ToF sensor technology in smartphones for features such as front-facial recognition and rear-facing applications, are the key growth drivers of the market during the forecast period.
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Time-of-Flight (ToF) Sensor Market - Snapshot |
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Growth |
19.55% for the next five year |
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Major Application Type |
3D Imaging & Scanning |
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Dominant End-Use Industry Type |
Consumer Electronics |
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Region with the highest demand |
Asia-Pacific |
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Key Players |
Texas Instruments Incorporated, STMicroelectronics N.V., Infineon Technologies AG, Panasonic Corporation, Teledyne Technologies Incorporated, Keyence Corporation, PMD Technologies AG, Sharp Corporation, Sony Corporation, and Melexis N.V. |
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Based on the application type, the Time-of-Flight (ToF) sensor market is segmented as augmented reality & virtual reality, LiDAR, machine vision, 3D imaging & scanning, and robotics & drone. The 3D imaging & scanning segment is expected to remain the largest and the fastest-growing segment of the market during the forecast period, owing to its increasing adoption due to ease of usage, and their growing application in phones and consumer devices.
Based on the end-use industry type, the market is segmented automotive, consumer electronics, gaming & entertainment, industrial, healthcare, and aerospace & defense. The consumer electronics segment is expected to remain the largest and the fastest-growing end-use industry type of the market during the forecast period, owing to its increasing adoption in smartphones and consumer devices on account of its reliability, durability, efficiency at lower cost.
In terms of regions, Asia-Pacific is expected to remain the dominant as well as the fastest-growing region in the market over the coming five years owing to the fastest-growing automotive industry, largest consumer electronics, healthcare, and pacing aerospace & defense industry in the region. Industrialization, urbanization, and rising disposable income in the emerging economies will significantly continue to propel the demand for Time-of-Flight (ToF) sensors in the region during the forecast period. Organic growth of the automotive industry with increasing penetration of selfless-driving modules and gesture-control systems is also likely to boost the demand for Time-of-Flight (ToF) sensors in the region.
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Time-of-Flight (ToF) Sensor is a remote sensing method, which uses infrared light pulse to detect and measure distances very accurately by measuring the return time of pulse.
Time-of-Flight (ToF) Sensor is a cost-effective technology which can measure long-range distances with high accuracy at a very faster rate. It has been used for a wide range of applications which can be classified into gesture and non-gesture.
This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.
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Time-of-Flight (ToF) Sensor Market Research Report - Features |
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Market Segmentation |
5 |
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Regions Covered |
4 |
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Countries/Sub-Regions Covered |
12 |
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No. of Figures & Tables |
>150 |
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Company Profiles |
10 |
The Time-of-Flight (ToF) sensor market is segmented into the following categories.
Some of the major players in the Time-of-Flight (ToF) sensors market are-
This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact book, press release, journals, investor presentation, white papers, patents, and articles have been leveraged to gather the data. We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both the qualitative and quantitative insights.
This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:
With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:
Company Profiling
Competitive Benchmarking
Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at sales@stratviewresearch.com.
The time-of-flight sensor market is expected to witness an impressive growth of 16.8% CAGR in the foreseeable future.
Texas Instruments Incorporated, STMicroelectronics N.V., Infineon Technologies AG, Panasonic Corporation, Teledyne Technologies Incorporated, Keyence Corporation, PMD Technologies AG, Sharp Corporation, Sony Corporation, Melexis N.V. are among the key players in the time-of-flight sensor market.
Asia-pacific is expected to remain dominant in the time-of-flight sensor market during the forecast period.
The consumer electronics segment is expected to be the largest end-use industry in the time-of-flight sensor market in the coming five years.
The 3D imaging & scanning segment is expected to be the fastest growing application type in the time-of-flight sensor market during the forecast period.
Increasing penetration of ToF sensors in the automotive industry as they offer gesture control systems over a variety of functions to drivers and growing adoption of the ToF sensor technology in smartphones for features such as front-facial recognition and rear-facing applications are the factors driving the growth of time-of-flight sensor market.
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