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Time-of-Flight (ToF) Sensors - Global Market Trajectory & Analytics

  • ID: 5303557
  • Report
  • April 2021
  • Region: Global
  • Global Industry Analysts, Inc
Global Time-of-Flight (ToF) Sensors Market to Reach $9.7 Billion by 2027

Amid the COVID-19 crisis, the global market for Time-of-Flight (ToF) Sensors estimated at US$2.7 Billion in the year 2020, is projected to reach a revised size of US$9.7 Billion by 2027, growing at a CAGR of 19.8% over the analysis period 2020-2027. Quarter-QVGA (QQVGA), one of the segments analyzed in the report, is projected to record a 19.5% CAGR and reach US$3.6 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Video Graphics Array (VGA) segment is readjusted to a revised 20.7% CAGR for the next 7-year period.



The U.S. Market is Estimated at $813 Million, While China is Forecast to Grow at 19.1% CAGR

The Time-of-Flight (ToF) Sensors market in the U.S. is estimated at US$813 Million in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$1.7 Billion by the year 2027 trailing a CAGR of 19.1% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 17.8% and 17.1% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 14.6% CAGR.

Half Quarter Video Graphics Array (HQVGA) Segment to Record 17.3% CAGR

In the global Half Quarter Video Graphics Array (HQVGA) segment, USA, Canada, Japan, China and Europe will drive the 17.1% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$451.5 Million in the year 2020 will reach a projected size of US$1.4 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$1.2 Billion by the year 2027.

Select Competitors (Total 36 Featured):
  • Ams AG
  • Infineon
  • Keyence Corporation
  • Melexis
  • MESA (Heptagon)
  • OPNOUS
  • Panasonic Corporation
  • PMD Technologies
  • PrimeSense (Apple)
  • Sharp Corporation
  • Silicon Integrated
  • Sony Corporation
  • STMicroelectronics
  • TDK Corporation
  • Teledyne Technologies Incorporated
  • Texas Instruments
Note: Product cover images may vary from those shown
I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW
  • Influencer Market Insights
  • World Market Trajectories
  • Impact of Covid-19 and a Looming Global Recession
2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS
  • UNITED STATES
  • CANADA
  • JAPAN
  • CHINA
  • EUROPE
  • FRANCE
  • GERMANY
  • ITALY
  • UNITED KINGDOM
  • REST OF EUROPE
  • ASIA-PACIFIC
  • REST OF WORLD
IV. COMPETITION
  • Total Companies Profiled: 36
Note: Product cover images may vary from those shown
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