Report : 3D Time-of-Flight Sensor Market to 2027 - Global Analysis and Forecasts by Type (Half-QQVGA ToF Image Sensor, QVGA ToF Image Sensor, VGA ToF Image Sensor, and 1 MP ToF Image Sensor); Application (Consumer Electronics, Automotive, Entertainment, Machine Vision and Industrial Automation, Robotics and Drone, Others)
The global 3D time-of-flight sensor market is estimated to account US$ 72.2 Mn in 2018 and is expected to grow at a CAGR of 6.7% during the forecast period 2019 – 2027, to account for US$ 127.5 Mn by 2027.
With an increasing number of industrial verticals embracing production automation, the demand for machine vision technology is likely to be on the rise. In order to achieve high precision advanced technology, such as machine vision is adopted by the Industrial companies. The machine vision system helps in the detection of defects which are difficult to visualize and inspect by human eyes. The inspection of machine vision includes surface defects, assembly errors, missing features, and damaged parts. It also aligns the parts for highly accurate assembly operations and all the other manufacturing process. Industrial automation companies use machine vision systems to check critical dimensions, measure product components for classification process and sorting process. Machine vision system has become an integral part of Industrial automation manufacturing to achieve higher precision and quality assurance. 3D ToF sensors enable error-free machine vision and industrial automation operations thereby driving the market growth during the forecast period.
Time-of-Flight (ToF) techniques have been employed for more than a decade for ranging purposes. SONAR and RADAR are two techniques that exploit the sound and radio signals ToF principles, particularly in aerospace and aeronautic applications. More recently, with the improvement and the maturity of electronic devices, it has been possible to employ light signals for ToF systems. Applications using such a system are numerous, especially in industrial and consumer fields. There are generally two techniques of measuring distance with modern ToF sensors, exploiting the ToF principle using either pulsed-modulation or Continuous-Wave (CW) modulation. Advanced ToF systems deploy multi-frequency technologies, combining more modulation frequencies. The combination of multiple frequencies in the signal increases its period, being the least common multiple of the two component periods.
APAC is expected to be the fastest growing region in the adoptions of 3D ToF sensors. The major reason for this is that as the technology related to autonomous driving is expected to grow, the demand for ToF sensors is also set to increase. ToF sensors is expected to play a major role at level 4 autonomous vehicle, where the need for in-cabin passenger and driver status sensing is at its peak. It is expected that at level 4 autonomous vehicle, ToF sensors will be utilized to determine the driver’s attention on the roads. The presence of a robust automotive manufacturing industry in Asia Pacific region further lays a strong platform for the growth of 3D ToF. Europe is expected to hold the largest market share over the forecast period from 2019 – 2027.
3D Time-of-Flight Sensor Market — Geographic Breakdown, 2018
The report segments the global 3D time-of-flight sensor market as follows:
Global 3D Time-of-Flight Sensor Market – By Type
Global 3D Time-of-Flight Sensor Market – By Application
Global 3D Time-of-Flight Sensor Market – By Geography
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