The time of flight (ToF) sensors measure the distance by using the time difference until the reflected light is detected by the sensor. The sensors detect distance information of each pixel, creating highly accurate depth map. The light is typically generated by a laser or a LED. There are two main types of ToF. Direct ToF (dToF) involves a simple, direct measurement of the time until reflection is detected. Indirect ToF (iToF) measures distance by collecting reflected light and discerning the phase shift between emitted and reflected light.
Rising demand for integration of TOF technology with drones in enhancing its working in many ways such as it helps the drone to land smoothly, to measure the distance, provide information about navigation and anti-collision, to avoid the obstacle, and to sense the level. Moreover, TOF sensors are also used for object scanning, indoor navigation, measure distance, obstacle avoidance, tracking objects, gesture recognition, augmented reality games, measuring volumes, 3D photography, reactive altimeters, and much more. These factors result in the steady growth of the time of flight sensor market.
The time of flight sensor market is segmented on the basis of product type, application, end user, and region. By product type, the market is divided into indirect ToF imagers and direct ToF imagers. By application, the market is analyzed across AR & VR, LIDAR, machine vision, and others. The end user segmented is divided into automotive, consumer electronics, gaming & entertainment, industrial, and others.
Region-wise, time of flight sensor market trends are analyzed across North America (the U. S., Canada, and Mexico), Europe (UK, Germany, France, Italy, Spain, Russia, Netherlands, Belgium, Poland, and rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Australia, Malaysia, Thailand, Philippines, Indonesia, and rest of Asia-Pacific), and LAMEA (Latin America, the Middle East, and Africa).
The key players operating in the market include, Texas Instruments Incorporated, STMicroelectronics NV, Infineon Technologies AG, Panasonic Corporation, Teledyne Technologies Incorporated, Sharp Corporation, Sony Corporation, Boardcom Inc., OMRON Corporation, and Renesas Electronics.
Rising demand for integration of TOF technology with drones in enhancing its working in many ways such as it helps the drone to land smoothly, to measure the distance, provide information about navigation and anti-collision, to avoid the obstacle, and to sense the level. Moreover, TOF sensors are also used for object scanning, indoor navigation, measure distance, obstacle avoidance, tracking objects, gesture recognition, augmented reality games, measuring volumes, 3D photography, reactive altimeters, and much more. These factors result in the steady growth of the time of flight sensor market.
The time of flight sensor market is segmented on the basis of product type, application, end user, and region. By product type, the market is divided into indirect ToF imagers and direct ToF imagers. By application, the market is analyzed across AR & VR, LIDAR, machine vision, and others. The end user segmented is divided into automotive, consumer electronics, gaming & entertainment, industrial, and others.
Region-wise, time of flight sensor market trends are analyzed across North America (the U. S., Canada, and Mexico), Europe (UK, Germany, France, Italy, Spain, Russia, Netherlands, Belgium, Poland, and rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Australia, Malaysia, Thailand, Philippines, Indonesia, and rest of Asia-Pacific), and LAMEA (Latin America, the Middle East, and Africa).
The key players operating in the market include, Texas Instruments Incorporated, STMicroelectronics NV, Infineon Technologies AG, Panasonic Corporation, Teledyne Technologies Incorporated, Sharp Corporation, Sony Corporation, Boardcom Inc., OMRON Corporation, and Renesas Electronics.
KEY BENEFITS FOR STAKEHOLDERS
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the time of flight sensor market analysis from 2021 to 2031 to identify the prevailing time of flight sensor market opportunities.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the time of flight sensor market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global time of flight sensor market trends, key players, market segments, application areas, and market growth strategies.
Key Market Segments
By Product Type
- Direct Tof Sensors
- Indirect Tof Sensors
By Application
- AR and VR
- LIDAR
- Machine Vision
- Others
By End User
- Consumer Electronics
- Industrial
- Automotive
- Gaming and Entertainment
- Others
By Region
- North America
- U. S.
- Canada
- Mexico
- Europe
- UK
- Germany
- France
- Italy
- Spain
- Russia
- Netherlands
- Belgium
- Poland
- Rest Of Europe
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Malaysia
- Thailand
- Philippines
- Indonesia
- Rest Of Asia-Pacific
- LAMEA
- Latin America
- Middle East
- Africa
Key Market Players
- STMicroelectronics N. V.
- Infineon Technologies
- Texas Instruments Incorporated
- Panasonic Corporation
- Teledyne Technologies Incorporated
- Sharp Corporation
- Sony Corporation
- Broadcom Inc.
- Omron Corporation
- Renesas Electronics
Table of Contents
CHAPTER 1: INTRODUCTION1.1. Report description
1.2. Key market segments
1.3. Key benefits to the stakeholders
1.4. Research Methodology
1.4.1. Secondary research
1.4.2. Primary research
1.4.3. Analyst tools and models
CHAPTER 2: EXECUTIVE SUMMARY
2.1. Key findings of the study
2.2. CXO Perspective
CHAPTER 3: MARKET OVERVIEW
3.1. Market definition and scope
3.2. Key findings
3.2.1. Top investment pockets
3.3. Porter’s five forces analysis
3.4. Top player positioning
3.5. Market dynamics
3.5.1. Drivers
3.5.2. Restraints
3.5.3. Opportunities
3.6. COVID-19 Impact Analysis on the market
CHAPTER 4: TIME OF FLIGHT SENSOR MARKET, BY PRODUCT TYPE
4.1 Overview
4.1.1 Market size and forecast
4.2 Direct Tof Sensors
4.2.1 Key market trends, growth factors and opportunities
4.2.2 Market size and forecast, by region
4.2.3 Market analysis by country
4.3 Indirect Tof Sensors
4.3.1 Key market trends, growth factors and opportunities
4.3.2 Market size and forecast, by region
4.3.3 Market analysis by country
CHAPTER 5: TIME OF FLIGHT SENSOR MARKET, BY APPLICATION
5.1 Overview
5.1.1 Market size and forecast
5.2 AR and VR
5.2.1 Key market trends, growth factors and opportunities
5.2.2 Market size and forecast, by region
5.2.3 Market analysis by country
5.3 LIDAR
5.3.1 Key market trends, growth factors and opportunities
5.3.2 Market size and forecast, by region
5.3.3 Market analysis by country
5.4 Machine Vision
5.4.1 Key market trends, growth factors and opportunities
5.4.2 Market size and forecast, by region
5.4.3 Market analysis by country
5.5 Others
5.5.1 Key market trends, growth factors and opportunities
5.5.2 Market size and forecast, by region
5.5.3 Market analysis by country
CHAPTER 6: TIME OF FLIGHT SENSOR MARKET, BY END USER
6.1 Overview
6.1.1 Market size and forecast
6.2 Consumer Electronics
6.2.1 Key market trends, growth factors and opportunities
6.2.2 Market size and forecast, by region
6.2.3 Market analysis by country
6.3 Industrial
6.3.1 Key market trends, growth factors and opportunities
6.3.2 Market size and forecast, by region
6.3.3 Market analysis by country
6.4 Automotive
6.4.1 Key market trends, growth factors and opportunities
6.4.2 Market size and forecast, by region
6.4.3 Market analysis by country
6.5 Gaming and Entertainment
6.5.1 Key market trends, growth factors and opportunities
6.5.2 Market size and forecast, by region
6.5.3 Market analysis by country
6.6 Others
6.6.1 Key market trends, growth factors and opportunities
6.6.2 Market size and forecast, by region
6.6.3 Market analysis by country
CHAPTER 7: TIME OF FLIGHT SENSOR MARKET, BY REGION
7.1 Overview
7.1.1 Market size and forecast
7.2 North America
7.2.1 Key trends and opportunities
7.2.2 North America Market size and forecast, by Product Type
7.2.3 North America Market size and forecast, by Application
7.2.4 North America Market size and forecast, by End User
7.2.5 North America Market size and forecast, by country
7.2.5.1 U. S.
7.2.5.1.1 Market size and forecast, by Product Type
7.2.5.1.2 Market size and forecast, by Application
7.2.5.1.3 Market size and forecast, by End User
7.2.5.2 Canada
7.2.5.2.1 Market size and forecast, by Product Type
7.2.5.2.2 Market size and forecast, by Application
7.2.5.2.3 Market size and forecast, by End User
7.2.5.3 Mexico
7.2.5.3.1 Market size and forecast, by Product Type
7.2.5.3.2 Market size and forecast, by Application
7.2.5.3.3 Market size and forecast, by End User
7.3 Europe
7.3.1 Key trends and opportunities
7.3.2 Europe Market size and forecast, by Product Type
7.3.3 Europe Market size and forecast, by Application
7.3.4 Europe Market size and forecast, by End User
7.3.5 Europe Market size and forecast, by country
7.3.5.1 UK
7.3.5.1.1 Market size and forecast, by Product Type
7.3.5.1.2 Market size and forecast, by Application
7.3.5.1.3 Market size and forecast, by End User
7.3.5.2 Germany
7.3.5.2.1 Market size and forecast, by Product Type
7.3.5.2.2 Market size and forecast, by Application
7.3.5.2.3 Market size and forecast, by End User
7.3.5.3 France
7.3.5.3.1 Market size and forecast, by Product Type
7.3.5.3.2 Market size and forecast, by Application
7.3.5.3.3 Market size and forecast, by End User
7.3.5.4 Italy
7.3.5.4.1 Market size and forecast, by Product Type
7.3.5.4.2 Market size and forecast, by Application
7.3.5.4.3 Market size and forecast, by End User
7.3.5.5 Spain
7.3.5.5.1 Market size and forecast, by Product Type
7.3.5.5.2 Market size and forecast, by Application
7.3.5.5.3 Market size and forecast, by End User
7.3.5.6 Russia
7.3.5.6.1 Market size and forecast, by Product Type
7.3.5.6.2 Market size and forecast, by Application
7.3.5.6.3 Market size and forecast, by End User
7.3.5.7 Netherlands
7.3.5.7.1 Market size and forecast, by Product Type
7.3.5.7.2 Market size and forecast, by Application
7.3.5.7.3 Market size and forecast, by End User
7.3.5.8 Belgium
7.3.5.8.1 Market size and forecast, by Product Type
7.3.5.8.2 Market size and forecast, by Application
7.3.5.8.3 Market size and forecast, by End User
7.3.5.9 Poland
7.3.5.9.1 Market size and forecast, by Product Type
7.3.5.9.2 Market size and forecast, by Application
7.3.5.9.3 Market size and forecast, by End User
7.3.5.10 Rest of Europe
7.3.5.10.1 Market size and forecast, by Product Type
7.3.5.10.2 Market size and forecast, by Application
7.3.5.10.3 Market size and forecast, by End User
7.4 Asia-Pacific
7.4.1 Key trends and opportunities
7.4.2 Asia-Pacific Market size and forecast, by Product Type
7.4.3 Asia-Pacific Market size and forecast, by Application
7.4.4 Asia-Pacific Market size and forecast, by End User
7.4.5 Asia-Pacific Market size and forecast, by country
7.4.5.1 China
7.4.5.1.1 Market size and forecast, by Product Type
7.4.5.1.2 Market size and forecast, by Application
7.4.5.1.3 Market size and forecast, by End User
7.4.5.2 Japan
7.4.5.2.1 Market size and forecast, by Product Type
7.4.5.2.2 Market size and forecast, by Application
7.4.5.2.3 Market size and forecast, by End User
7.4.5.3 India
7.4.5.3.1 Market size and forecast, by Product Type
7.4.5.3.2 Market size and forecast, by Application
7.4.5.3.3 Market size and forecast, by End User
7.4.5.4 South Korea
7.4.5.4.1 Market size and forecast, by Product Type
7.4.5.4.2 Market size and forecast, by Application
7.4.5.4.3 Market size and forecast, by End User
7.4.5.5 Australia
7.4.5.5.1 Market size and forecast, by Product Type
7.4.5.5.2 Market size and forecast, by Application
7.4.5.5.3 Market size and forecast, by End User
7.4.5.6 Malaysia
7.4.5.6.1 Market size and forecast, by Product Type
7.4.5.6.2 Market size and forecast, by Application
7.4.5.6.3 Market size and forecast, by End User
7.4.5.7 Thailand
7.4.5.7.1 Market size and forecast, by Product Type
7.4.5.7.2 Market size and forecast, by Application
7.4.5.7.3 Market size and forecast, by End User
7.4.5.8 Philippines
7.4.5.8.1 Market size and forecast, by Product Type
7.4.5.8.2 Market size and forecast, by Application
7.4.5.8.3 Market size and forecast, by End User
7.4.5.9 Indonesia
7.4.5.9.1 Market size and forecast, by Product Type
7.4.5.9.2 Market size and forecast, by Application
7.4.5.9.3 Market size and forecast, by End User
7.4.5.10 Rest of Asia-Pacific
7.4.5.10.1 Market size and forecast, by Product Type
7.4.5.10.2 Market size and forecast, by Application
7.4.5.10.3 Market size and forecast, by End User
7.5 LAMEA
7.5.1 Key trends and opportunities
7.5.2 LAMEA Market size and forecast, by Product Type
7.5.3 LAMEA Market size and forecast, by Application
7.5.4 LAMEA Market size and forecast, by End User
7.5.5 LAMEA Market size and forecast, by country
7.5.5.1 Latin America
7.5.5.1.1 Market size and forecast, by Product Type
7.5.5.1.2 Market size and forecast, by Application
7.5.5.1.3 Market size and forecast, by End User
7.5.5.2 Middle East
7.5.5.2.1 Market size and forecast, by Product Type
7.5.5.2.2 Market size and forecast, by Application
7.5.5.2.3 Market size and forecast, by End User
7.5.5.3 Africa
7.5.5.3.1 Market size and forecast, by Product Type
7.5.5.3.2 Market size and forecast, by Application
7.5.5.3.3 Market size and forecast, by End User
CHAPTER 8: COMPANY LANDSCAPE
8.1. Introduction
8.2. Top winning strategies
8.3. Product Mapping of Top 10 Player
8.4. Competitive Dashboard
8.5. Competitive Heatmap
8.6. Key developments
CHAPTER 9: COMPANY PROFILES
9.1 ST Microelectronics N. V
9.1.1 Company overview
9.1.2 Company snapshot
9.1.3 Operating business segments
9.1.4 Product portfolio
9.1.5 Business performance
9.1.6 Key strategic moves and developments
9.2 INFINEON TECHNOLOGIES
9.2.1 Company overview
9.2.2 Company snapshot
9.2.3 Operating business segments
9.2.4 Product portfolio
9.2.5 Business performance
9.2.6 Key strategic moves and developments
9.3 Texas Instruments Incorporated
9.3.1 Company overview
9.3.2 Company snapshot
9.3.3 Operating business segments
9.3.4 Product portfolio
9.3.5 Business performance
9.3.6 Key strategic moves and developments
9.4 Panasonic Corporation
9.4.1 Company overview
9.4.2 Company snapshot
9.4.3 Operating business segments
9.4.4 Product portfolio
9.4.5 Business performance
9.4.6 Key strategic moves and developments
9.5 Teledyne Technologies Incorporated
9.5.1 Company overview
9.5.2 Company snapshot
9.5.3 Operating business segments
9.5.4 Product portfolio
9.5.5 Business performance
9.5.6 Key strategic moves and developments
9.6 Sharp Corporation
9.6.1 Company overview
9.6.2 Company snapshot
9.6.3 Operating business segments
9.6.4 Product portfolio
9.6.5 Business performance
9.6.6 Key strategic moves and developments
9.7 SONY CORPORATION
9.7.1 Company overview
9.7.2 Company snapshot
9.7.3 Operating business segments
9.7.4 Product portfolio
9.7.5 Business performance
9.7.6 Key strategic moves and developments
9.8 Broadcom Inc.
9.8.1 Company overview
9.8.2 Company snapshot
9.8.3 Operating business segments
9.8.4 Product portfolio
9.8.5 Business performance
9.8.6 Key strategic moves and developments
9.9 Omron Corporation
9.9.1 Company overview
9.9.2 Company snapshot
9.9.3 Operating business segments
9.9.4 Product portfolio
9.9.5 Business performance
9.9.6 Key strategic moves and developments
9.10 Renesas Electronics
9.10.1 Company overview
9.10.2 Company snapshot
9.10.3 Operating business segments
9.10.4 Product portfolio
9.10.5 Business performance
9.10.6 Key strategic moves and developments
Executive Summary
According to this report, titled, 'Time of Flight Sensor Market,' the time of flight sensor market was valued at $2.7 billion in 2021, and is estimated to reach $13 billion by 2031, growing at a CAGR of 16.9% from 2022 to 2031.Time-of-Flight (ToF) sensors measure distances using the time that it takes for photons to travel between two points, from the sensor’s emitter to a target and then back to the sensor’s receiver. These sensors are utilized in a range of applications including 3D mapping, industrial automation, obstacle detection, autonomous vehicles, agriculture, robotics, indoor navigation, gesture recognition, object scanning, measure volumes, and surveillance to even augmented reality.
Time-of-Flight (ToF) sensors have proven a revolutionary concept in people counting applications globally. With the utmost precision guaranteed and unique considerations in place regarding personal privacy and data protection, ToF sensors and tof 3d camera enable people counting applications, which offer superb insights into a variety of key business metrics, from periodic occupancy counting to space optimization
The growth of the time of flight sensor market size is majorly driven by rising popularity of 3D cameras and the rapid adoption of the AR and VR technology. Moreover, the growing R&D funding for the development advanced scanning technology, and with biometric authentication, it is expected to form a new trend in the demand for the time of flight sensor across the globe.
According to time of flight sensor market analysis, the indirect Tof sensors segment was the highest contributor to the market in 2021 and is expected to follow the same trend during the forecast period. The LIDAR segment accounted for around 45.8% market share in 2021. Surge in adoption of 3D imaging and robotics in domains like automotive, consumer electronics, gaming & entertainment, and other industries has driven the growth of the time of flight sensor market growth.
The outbreak of the COVID-19 has significantly impacted the growth of the time of flight sensor market. The time of flight sensor market trends shows the key players profiled in the report include, Texas Instruments Incorporated, STMicroelectronics NV, Infineon Technologies AG, Panasonic Corporation, Teledyne Technologies Incorporated, Sharp Corporation, Sony Corporation, Boardcom Inc., OMRON Corporation, and Renesas Electronics. Market players have adopted various strategies, such as product launch, collaboration & partnership, joint venture, and acquisition, to expand their foothold in the time of flight sensor market.
Key Findings of the Study
In 2021, the indirect Tof sensors segment was the major revenue contributor to the time of flight sensor industry, and is projected to grow at a notable CAGR of 17.32% during the forecast period.The LIDAR segment is projected to growth at a CAGR of 17.7% during the forecast period.
The consumer electronics and gaming & entertainment account for 59.56% of the global time of flight sensor market share in 2021.
Asia-Pacific contributed for the major time of flight sensor market share, accounting for more than 50.12% share in 2021.
Key players profiled in the report include Texas Instruments Incorporated, STMicroelectronics NV, Infineon Technologies AG, Panasonic Corporation, Teledyne Technologies Incorporated, Sharp Corporation, Sony Corporation, Boardcom Inc., OMRON Corporation, and Renesas Electronics. These market players have adopted various strategies, such as product launch, collaboration & partnership, joint venture, and acquisition to expand their foothold in the time of flight sensor market.
Companies Mentioned
- Stmicroelectronics N.V.
- Infineon Technologies
- Texas Instruments Incorporated
- Panasonic Corporation
- Teledyne Technologies Incorporated
- Sharp Corporation
- Sony Corporation
- Broadcom Inc.
- Omron Corporation
- Renesas Electronics
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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