The Global Time-of-Flight (ToF) Sensor Market Size was Worth USD 3.46 Billion in 2022 and is Estimated to Grow to USD 14.08 Billion by 2030, With a CAGR of Approximately 19.20 % Over the Forecast From 2023 To 2030.
Market Overview
By measuring the time, it takes for the transmitted pulses to reach the object and return, ToF sensors create images with incredibly high-depth information. Several factors, such as power output and camera resolution, might alter the measurement range. One of the primary reasons favorably affecting the market is the growing use of ToF sensors in the automotive sector to support hand-position interaction and control the radio, air conditioner, and sunroof. In addition, the demand for consumer electronics like smartphones, laptops, tablets, and wearables is being driven by the expanding world population. With great durability, low cost and power consumption, and simple integration, TOF sensors in smartphones support front- and rear-facing applications. However, during the projected period, the market expansion is estimated to be constrained by the high costs associated with such sensors, maintenance, and restoration.
Market Drivers
The market for time flight sensors is expanding, mainly due to the popularity of 3D cameras and the quick uptake of AR and VR technology. Furthermore, a new trend in the market for time-of-flight sensors is anticipated due to the increasing R&D spending for developing advanced scanning technologies and biometric authentication.
Restraints
ToF sensors offer a variety of applications, but they also have several drawbacks. When using the ToF sensor on corners and concave objects, there is a chance that light will reflect more than once, which could lead to unwanted reflection and affect measurement accuracy. Because the ToF sensor only needs once-recalled light due to its size, highly reflecting surfaces nearby can produce artifacts and unwanted thoughts. Intense sunlight can quickly cause the sensor pixels to get saturated, making it impossible to detect light reflected off an object when using ToF cameras.
Segmentation
The global time-of-flight (ToF) sensor market has been segmented into product types, applications, and End Users.
- Based on application, the AR & VR LiDAR, machine vision, 3d imaging & scanning, and robotics & drone are segments of the global time-of-flight (ToF) sensor market. ToF 3D sensor technology uses millisecond bursts of precisely guided laser light reflected from the scene onto a high-resolution image sensor to measure the depth of each pixel in the picture array, the 3D imaging & scanning segment for these facilities accounted for a sizeable market share in 2021. However, due to the service robots’ expanding use in consumer electronics and industrial applications, the robotics & drone category is expected to increase significantly over the projected period.
- Based on end users, the worldwide Time-of-Flight (ToF) Sensor market is segmented into automotive, consumer electronics, gaming & entertainment, industrial, healthcare, and aerospace & defense. In 2021, Consumer electronics records were anticipated to have the highest share in this market. It is also utilized as a 3D sensor and range camera in consumer gadgets. A ToF camera sensor measures volume and distance and offers object scanning, interior navigation, obstacle avoidance, gesture recognition, object tracking, and reactive altimeters. Industrialization was the fastest-growing segment. The technology measures the time it takes for the calls to return and uses the data gathered to compute depth by allowing cameras to generate infrared light signals.
Regional Landscape
China is anticipated to control the majority of the market for ToF sensors due to the country’s numerous manufacturing plants and smartphone brands. China is the world leader in AI technologies, and many developing industries are anticipated to use AI-based cameras. Initiatives by the Chinese government, such as the Made in China 2025 plan, stimulate investment and R&D in factory automation and technologies. The majority of automation equipment is imported from other countries. Hence, the “Made in China” project aims to enhance domestic production; Asia Pacific dominated the Time-of-Flight (ToF) Sensor market in 2021.
Time-of-Flight (ToF) Sensor Market: Competitive Landscape
- Some of the competitors for the global Time-of-Flight (ToF) Sensor market include- Texas Instruments Inc, Infineon Technologies AG, Panasonic Corp, STMicroelectronics NV, Sony Corp, Keyence Corp, Teledyne Technologies International Corp, Omron Corp, Sharp Corp, Chirp Microsystems Inc. (TDK Corporation).
Recent Developments
- September 2022: The three firms announced the development of a surgical endoscopic system with surgical viewing capabilities such as 4K, 3D, and infrared (IR) imaging above, and NBI by Olympus Corporation, Sony Olympus Medical Solutions Inc., and Sony Corporation, and a joint venture between Sony and Olympus. Olympus will begin marketing this system as the “VISERA ELITE III” throughout Europe, the Middle East, and Africa (EMEA), as well as some areas of Asia, Oceania, and Japan, starting in September 2022 or later.
- August 2022: Berlin-based Industrial Analytics was acquired by Infineon Technologies AG. To conduct predictive analysis on machinery and industrial equipment, Infineon is improving its artificial intelligence software and services business. All of the company’s outstanding shares are being purchased by Infineon.
COVID-19 Impact:
The outbreak affected the expansion of various end-user businesses in the area, particularly during the first half of 2020, including automotive, electronics, and industrial. However, these industries experienced a jump in demand for TOF sensors during the second half of 2020 and are anticipated to continue during the projection period due to the slow but steady recovery from the COVID-19 epidemic.
Global Time-of-Flight (ToF) Sensor Market is segmented as follows:
Time-of-Flight (ToF) Sensor Market by Product Type Outlook (Revenue, USD Million, 2017 – 2030)
- Direct ToF Sensors
- Indirect ToF Sensors
Time-of-Flight (ToF) Sensor Market by Application Outlook (Revenue, USD Million, 2017 – 2030)
- AR & VR
- LiDAR
- Machine Vision
- 3D Imaging & Scanning
- Robotics & Drone
Time-of-Flight (ToF) Sensor Market by End User Outlook (Revenue, USD Million, 2017 – 2030)
- Automotive
- Consumer Electronics
- Gaming & Entertainment
- Industrial
- Healthcare
- Aerospace & Defense
Time-of-Flight (ToF) Sensor Market by Region Outlook (Revenue, USD Million, 2017 – 2030)
- North America
- Europe
- France
- The UK
- Spain
- Germany
- Italy
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- New Zealand
- Australia
- South Korea
- Southeast Asia
- Rest of Southeast Asia
- The Middle East & Africa
- Saudi Arabia
- UAE
- Egypt
- Kuwait
- South Africa
- Rest of the Middle East & Africa
- Latin America
- Brazil
- Argentina
- Rest of Latin America
| Time-of-Flight (ToF) Sensor Market Report Scope |
| Report Attribute | Details |
| Market Size Value in 2022 | USD 3.46 billion |
| Revenue Forecast in 2030 | USD 14.08 billion |
| Growth Rate | CAGR of 19.2 % from 2023 to 2030 |
| Base Year for Estimation | 2022 |
| Historical Data | 2017 – 2022 |
| Forecast Years | 2023 – 2030 |
| Quantitative Units | Revenue in USD million and CAGR from 2023 to 2030 |
| Report Coverage | Revenue forecast, company ranking, Trends
competitive landscape, and growth factors |
| Segments Covered | Product Type, Application, End User, and Region |
| Regional Scope | North America; Europe; Asia Pacific; Latin America; Middle East & Africa |
| Country Scope | U.S.; Canada; U.K.; Germany; China; India; Japan; Brazil; Mexico and Others |
| Key Companies Profiled | Texas Instruments Inc, Infineon Technologies AG, Panasonic Corp, STMicroelectronics NV, Sony Corp, Keyence Corp, Teledyne Technologies International Corp, Omron Corp, Sharp Corp, Chirp Microsystems Inc. (TDK Corporation) |
Table of Content
Time-of-Flight (ToF) Sensor Market Size, Share, Growth, and Forecast Report
Chapter 1. Introduction
1.1. Report Description
1.1.1. Aim of the Report
1.1.2. Prospective Audience
1.1.3. Unique Selling Prepositions and Key Takeaways from the Report
1.2. Scope of the Research Study
1.3. Approach/Research Methodology
1.3.1. Secondary Research
1.3.2. Primary Research
1.3.3. Expert Panel Review
1.3.4. Market Data Breakdown and Data Triangulation
1.3.5. Research Approach for Market Size Estimation
1.3.5.1. Top-Down Approach
1.3.5.2. Bottom-Up Approach
1.3.6. Key Assumptions
1.4. Market Segmentation
1.4.1. Type
1.4.2. Application
1.4.3. End Users
Chapter 2. Time-of-Flight (ToF) Sensor Market Overview
2.1. Introduction
2.2. Analysis by Type, 2017-2030 (US$ Billion)
2.3. Analysis by Application, 2017-2030 (US$ Billion)
2.4. Analysis by End Users, 2017-2030 (US$ Billion)
2.5. Market Analysis by Region, 2017-2030 (US$ Billion)
Chapter 3. Time-of-Flight (ToF) Sensor Market Dynamics
3.1. Introduction
3.2. Growth Drivers
3.3. Growth Restraints
3.4. Growth Opportunities
3.5. Porter’s Five Forces Analysis
3.5.1. Threat of New Entrants
3.5.2. Bargaining Power of Buyers/Consumers
3.5.3. Bargaining Power of Suppliers
3.5.4. Threat of Substitute Types
3.5.5. Intensity of Competitive Rivalry
3.6. Attractiveness Analysis
3.6.1. Type
3.6.2. Application
3.6.3. End Users
3.6.4. Region
3.7. Value Chain Analysis
Chapter 4. Time-of-Flight (ToF) Sensor Market Competition Analysis
4.1. Time-of-Flight (ToF) Sensor Market Share Analysis by Company, 2019 – 2021
4.1.1. Top 3 Players, 2019 – 2021
4.1.2. Top 6 Players, 2019 – 2021
4.2. Strategic Initiatives
4.2.1. New Products Launch
4.2.2. Mergers/Acquisitions
4.2.3. Agreement and Collaborations
4.2.4. Partnerships, Joint Ventures, Expansion, and Distribution
Chapter 5. Global Time-of-Flight (ToF) Sensor Market Analysis by Type and Application, 2017-2030 (US$ Billion)
5.1. Type
5.1.1. Global Time-of-Flight (ToF) Sensor Market Share, by Type, 2021 and 2030
5.1.2. Global Time-of-Flight (ToF) Sensor Market Revenue, by Type, 2017-2030 (US$ Billion)
5.1.3. By Direct ToF Sensors Market Analysis 2017-2030 (US$ Billion)
5.1.4. By Indirect ToF Sensors Market Analysis 2017-2030 (US$ Billion)
5.2. Application
5.2.1. Market Share, by Application, 2021 and 2030
5.2.2. Market Revenue, by Application, 2017-2030 (US$ Billion)
5.2.3. By AR & VR Market Analysis 2017-2030 (US$ Billion)
5.2.4. By LiDAR Market Analysis 2017-2030 (US$ Billion)
5.2.5. By Machine Vision Market Analysis 2017-2030 (US$ Billion)
5.2.6. By 3D Imaging & Scanning Market Analysis 2017-2030 (US$ Billion)
5.2.7. By Robotics & Drone Market Analysis 2017-2030 (US$ Billion)
5.3. End Users
5.3.1. Market Share, by End Users, 2021 and 2030
5.3.2. Market Revenue, by End Users, 2017-2030 (US$ Billion)
5.3.3. By Automotive Market Analysis 2017-2030 (US$ Billion)
5.3.4. By Consumer Electronics Market Analysis 2017-2030 (US$ Billion)
5.3.5. By Gaming & Entertainment Market Analysis 2017-2030 (US$ Billion)
5.3.6. By Industrial Market Analysis 2017-2030 (US$ Billion)
5.3.7. By Healthcare Market Analysis 2017-2030 (US$ Billion)
5.3.8. By Aerospace & Defense Market Analysis 2017-2030 (US$ Billion)
Chapter 6. Global Time-of-Flight (ToF) Sensor Market Type Analysis by Region, 2017-2030 (US$ Billion)
6.1. Direct ToF Sensors Market Analysis 2017-2030 (US$ Billion)
6.1.1. North America
6.1.2. Europe
6.1.3. Asia Pacific
6.1.4. Latin America
6.1.5. Middle East & Africa
6.2. Indirect ToF Sensors Market Analysis 2017-2030 (US$ Billion)
Chapter 7. Global Time-of-Flight (ToF) Sensor Market Application Analysis by Region, 2017-2030 (US$ Billion)
7.1. AR & VR Market Analysis 2017-2030 (US$ Billion)
7.1.1. North America
7.1.2. Europe
7.1.3. Asia Pacific
7.1.4. Latin America
7.1.5. Middle East & Africa
7.2. LiDAR Market Analysis 2017-2030 (US$ Billion)
7.3. Machine Vision Market Analysis 2017-2030 (US$ Billion)
7.4. 3D Imaging & Scanning Market Analysis 2017-2030 (US$ Billion)
7.5. Robotics & Drone Market Analysis 2017-2030 (US$ Billion)
Chapter 8. Global Time-of-Flight (ToF) Sensor Market End Users Analysis by Region, 2017-2030 (US$ Billion)
8.1. Automotive Market Analysis 2017-2030 (US$ Billion)
8.1.1. North America
8.1.2. Europe
8.1.3. Asia Pacific
8.1.4. Latin America
8.1.5. Middle East & Africa
8.2. Consumer Electronics Market Analysis 2017-2030 (US$ Billion)
8.3. Gaming & Entertainment Market Analysis 2017-2030 (US$ Billion)
8.4. Industrial Market Analysis 2017-2030 (US$ Billion)
8.5. Healthcare Market Analysis 2017-2030 (US$ Billion)
8.6. Aerospace & Defense Market Analysis 2017-2030 (US$ Billion)
Chapter 9. Time-of-Flight (ToF) Sensor Market Analysis by Geography, 2017-2030 (US$ Billion)
9.1. North America Time-of-Flight (ToF) Sensor Market Analysis 2017-2030 (US$ Billion)
9.1.1. U.S. Time-of-Flight (ToF) Sensor Market Analysis 2017-2030 (US$ Billion)
9.1.1.1. Type
9.1.1.2. Application
9.1.1.3. End Users
9.1.2. Canada Time-of-Flight (ToF) Sensor Market Analysis 2017-2030 (US$ Billion)
9.1.3. Mexico Time-of-Flight (ToF) Sensor Market Analysis 2017-2030 (US$ Billion)
9.2. Europe Time-of-Flight (ToF) Sensor Market Analysis 2017-2030 (US$ Billion)
9.2.1. UK Time-of-Flight (ToF) Sensor Market Analysis 2017-2030 (US$ Billion)
9.2.1.1. Type
9.2.1.2. Application
9.2.1.3. End Users
9.2.2. France Time-of-Flight (ToF) Sensor Market Analysis 2017-2030 (US$ Billion)
9.2.3. Germany Time-of-Flight (ToF) Sensor Market Analysis 2017-2030 (US$ Billion)
9.2.4. Spain Time-of-Flight (ToF) Sensor Market Analysis 2017-2030 (US$ Billion)
9.2.5. Russia Time-of-Flight (ToF) Sensor Market Analysis 2017-2030 (US$ Billion)
9.2.6. Italy Time-of-Flight (ToF) Sensor Market Analysis 2017-2030 (US$ Billion)
9.2.7. Rest of Europe Time-of-Flight (ToF) Sensor Market Analysis 2017-2030 (US$ Billion)
9.3. Asia Pacific Time-of-Flight (ToF) Sensor Market Analysis 2017-2030 (US$ Billion)
9.3.1. China Time-of-Flight (ToF) Sensor Market Analysis 2017-2030 (US$ Billion)
9.3.1.1. Type
9.3.1.2. Application
9.3.1.3. End Users
9.3.2. Japan Time-of-Flight (ToF) Sensor Market Analysis 2017-2030 (US$ Billion)
9.3.3. South Korea Time-of-Flight (ToF) Sensor Market Analysis 2017-2030 (US$ Billion)
9.3.4. India Time-of-Flight (ToF) Sensor Market Analysis 2017-2030 (US$ Billion)
9.3.5. Australia Time-of-Flight (ToF) Sensor Market Analysis 2017-2030 (US$ Billion)
9.3.6. Southeast Asia Time-of-Flight (ToF) Sensor Market Analysis 2017-2030 (US$ Billion)
9.3.7. Taiwan Time-of-Flight (ToF) Sensor Market Analysis 2017-2030 (US$ Billion)
9.3.8. Rest of Asia Pacific Time-of-Flight (ToF) Sensor Market Analysis 2017-2030 (US$ Billion)
9.4. Latin America Time-of-Flight (ToF) Sensor Market Analysis 2017-2030 (US$ Billion)
9.4.1. Brazil Time-of-Flight (ToF) Sensor Market Analysis 2017-2030 (US$ Billion)
9.4.1.1. Type
9.4.1.2. Application
9.4.1.3. End Users
9.4.2. Argentina Time-of-Flight (ToF) Sensor Market Analysis 2017-2030 (US$ Billion)
9.4.3. Rest of Latin America Time-of-Flight (ToF) Sensor Market Analysis 2017-2030 (US$ Billion)
9.5. Middle East Time-of-Flight (ToF) Sensor Market Analysis 2017-2030 (US$ Billion)
9.5.1. Israel Time-of-Flight (ToF) Sensor Market Analysis 2017-2030 (US$ Billion)
9.5.1.1. Type
9.5.1.2. Application
9.5.1.3. End Users
9.5.2. Turkey Time-of-Flight (ToF) Sensor Market Analysis 2017-2030 (US$ Billion)
9.5.3. Saudi Arabia Time-of-Flight (ToF) Sensor Market Analysis 2017-2030 (US$ Billion)
9.5.4. UAE Time-of-Flight (ToF) Sensor Market Analysis 2017-2030 (US$ Billion)
9.5.5. Rest of Middle East Time-of-Flight (ToF) Sensor Market Analysis 2017-2030 (US$ Billion)
9.6. Africa Time-of-Flight (ToF) Sensor Market Analysis 2017-2030 (US$ Billion)
9.6.1. Egypt Time-of-Flight (ToF) Sensor Market Analysis 2017-2030 (US$ Billion)
9.6.1.1. Type
9.6.1.2. Application
9.6.1.3. End Users
9.6.2. South Africa Time-of-Flight (ToF) Sensor Market Analysis 2017-2030 (US$ Billion)
9.6.3. Rest of Africa Time-of-Flight (ToF) Sensor Market Analysis 2017-2030 (US$ Billion)
Chapter 10. Company Profiles
10.1. Texas Instruments Inc
10.1.1. Company Overview
10.1.2. Financial Performance
10.1.3. Product Benchmarking
10.1.4. Strategic Initiatives
10.2. Infineon Technologies AG
10.3. Panasonic Corporation
10.4. STMicroelectronics NV
10.5. Sony Corporation
10.6. Keyence Corporation
10.7. Teledyne Technologies International Corp
10.8. Omron Corporation
10.9. Sharp Corporation
10.10. Chirp Microsystems Inc. (TDK Corporation)
Chapter 11. COVID-19 Impact Analysis
11.1. Global Time-of-Flight (ToF) Sensor Market, 2020 – 2030, Pre-V/S Post COVID 19
11.2. Estimated Impact of The Coronavirus (Covid-19) Epidemic on the Time-of-Flight (ToF) Sensor Market Size In 2022, By Scenario
11.3. Impact on Supply Chain and Production in Time-of-Flight (ToF) Sensor Market
11.4. Impact on Import and Export
Chapter 12. Import-Export Analysis
12.1. North America Time-of-Flight (ToF) Sensor Import-Export, 2017 – 2021
12.2. Europe Time-of-Flight (ToF) Sensor Import-Export, 2017 – 2021
12.3. Asia Pacific Time-of-Flight (ToF) Sensor Import-Export, 2017 – 2021
12.4. Latin America Time-of-Flight (ToF) Sensor Import-Export, 2017 – 2021
12.5. Middle East America Time-of-Flight (ToF) Sensor Import-Export, 2017 – 2021
12.6. Africa Time-of-Flight (ToF) Sensor Import-Export, 2017 – 2021
Chapter 13. Time-of-Flight (ToF) Sensor Marketing Channel Analysis
13.1. Marketing Channel
13.1.1. Direct Marketing
13.1.2. Indirect Marketing
13.1.3. Development Trend
13.2. Market Positioning
Chapter 14. Time-of-Flight (ToF) Sensor Manufacturing Cost Analysis
14.1. Key Raw Materials
14.2. Key Raw Material Suppliers
14.3. Market Concentration Rate
14.4. Manufacturing Cost Structure
14.5. Process Analysis
Chapter 15. Conclusion
Time-of-Flight (ToF) Sensor Market by Product Type Outlook (Revenue, USD Million, 2017 – 2030)
- Direct ToF Sensors
- Indirect ToF Sensors
Time-of-Flight (ToF) Sensor Market by Application Outlook (Revenue, USD Million, 2017 – 2030)
- AR & VR
- LiDAR
- Machine Vision
- 3D Imaging & Scanning
- Robotics & Drone
Time-of-Flight (ToF) Sensor Market by End Users Outlook (Revenue, USD Million, 2017 – 2030)
- Automotive
- Consumer Electronics
- Gaming & Entertainment
- Industrial
- Healthcare
- Aerospace & Defense
