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 2018 – 2027, to account to US$ 127.5 Mn by 2027.
Geographically, Europe holds the largest 3D time-of-flight sensor market share, owing to rapid technological developments, numerous investments, and supportive Government policies in the European countries. However, APAC 3D time-of-flight sensor market is projected to grow with the highest growth rate during the forecast period. The continuous growth in the economies of developing countries like India and China as well as the presence of huge disposable incomes with individuals in countries like Japan and Australia have facilitated the rapid growth of automotive as well as electronics industry in this region.
Lucrative Regional 3D Time-Of-Flight Sensor Market
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
3D Time-Of-Flight Sensor Market Insights
Emerging Integrations of Consumer Electronics in the Automotive Industry and Rising Demands from Autonomous Vehicles
Automotive sector has implemented large transformations for enhancing the driving experience. The automobiles of today are becoming smarter, becoming more capable of self-diagnostics, and more advanced in terms of communicating with other entities on the road. Trends such as Advanced Driver Assistant Systems (ADAS), infotainment systems, car telematics have been trending in the automotive industry for quite some time now. The success of these trends is entirely attributed to the sophistication and technological advancements in the semiconductor industry. The trends such as car telematics, easy-to-use and interactive infotainment systems are emerging at rapid rates and being developed with a focus on driver and passenger safety. Also, the implementation of other safety features has resulted in the reduced number of car accidents as well as fatalities in the last decade. Vehicles of today come with increased computing power, and this has been realized owing to the increasing electronic integrations into the vehicles. Detecting obstacles and alerting, navigating maps, operating the infotainment system inside the vehicles is becoming more advanced, user-friendly and convenient and comprise the scope of 3D ToF sensors in the automotive application. A simple hand swipe gesture by the driver can be used for changing the music or changing the radio channel while on the road. Thus, propelling the demand of 3D time-of-flight sensor market in the forecast period.
Increased Demand Of Smart Consumer Electronics Devices
The consumer electronics devices industry is witnessing immense growth in both developed and developing countries majorly due to advancements and smart features that are offered by the manufacturing companies. In the current scenario, various consumer electronics devices are used by individuals for a plethora of tasks. Consumer electronics devices such as smartphones, tablets, PCs, TVs, washing machines, fridge, music players, etc. have become integral part of individual’s lives. All these devices are becoming smarter with the ongoing technological advancements and integration of Internet of Things (IoT) and Artificial Intelligence (AI). The market for consumer electronics devices is constantly growing, owing to the fact that manufacturers are regularly coming up with advanced technologies and features in their devices and disposable income of individual is rising. Therefore, the 3D time-of-flight sensor market across consumer electronic sector is bossting.
Application Segment Insights
The 3D time-of-flight sensor market by application is segmented into a consumer electronics, automotive, machine vision and industrial automation, robotics and drone, and others. The 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. Similarly, the 3D flash LiDAR camera in drone also uses TOF sensors 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 resulted in the steady growth of 3D time-of-flight sensor market.
Rest of Asia Pacific 3D Time-Of-Flight Sensor Market by Type
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
Customize Research To Suit Your Requirement
We can optimize and tailor the analysis and scope which is unmet through our standard offerings. This flexibility will help you gain the exact information needed for your business planning and decision making.
3D Time-of-Flight Sensor Market: Strategic Insights
Market Size Value in US$ 72.2 Million in 2018 Market Size Value by US$ 127.5 Million by 2027 Growth rate CAGR of 6.7% from 2019-2027 Forecast Period 2019-2027 Base Year 2019
Naveen
Have a question?
Naveen will walk you through a 15-minute call to present the report’s content and answer all queries if you have any.
Speak to Analyst
Customize Research To Suit Your Requirement
We can optimize and tailor the analysis and scope which is unmet through our standard offerings. This flexibility will help you gain the exact information needed for your business planning and decision making.
3D Time-of-Flight Sensor Market: Strategic Insights
Market Size Value in | US$ 72.2 Million in 2018 |
Market Size Value by | US$ 127.5 Million by 2027 |
Growth rate | CAGR of 6.7% from 2019-2027 |
Forecast Period | 2019-2027 |
Base Year | 2019 |
Naveen
Have a question?
Naveen will walk you through a 15-minute call to present the report’s content and answer all queries if you have any.
Speak to AnalystSome of the market initiatives were observed to be most adopted strategy in the global 3D time-of-flight sensor market. Few of the recent market initiatives are listed below:
2019:AMS AG announced its partnership with SmartSens Technology, with this partnership AMS further expands its portfolio of three 3D technologies such as Time-of-Flight (ToF), active Stereo Vision (ASV), and Structured Light (SL) as well as accelerating time to market its new products..
2018:Infineon collaborated with DENSO Corporation, a supplier of advanced automotive technology, components, and systems to accelerate its automotive business. The companies aims to mutually improve systems know-how in both established and new technologies area such as electro-mobility and automated driving..
2018:STMicroelectronics launched time-of-flight (ToF), long-distance laser-ranging sensor. It can target with the maximum range of 400 cm (or ~157 inches).
2017:Melexis announced the introduction of chipset and its evaluation kit used for simplifying and speed the operation of time‐of‐flight (ToF) 3D vision.
GLOBAL 3D TIME-OF-FLIGHT SENSOR MARKET SEGMENTATION
Global 3D Time-Of-Flight Sensor Market – By Type
Global 3D Time-Of-Flight Sensor Market – By Type
- Half QQVGA
- QVGA
- VGA
- 1 MP
Global 3D Time-Of-Flight Sensor Market – By Application
Global 3D Time-Of-Flight Sensor Market – By Application
- Consumer Electronics
- Automotive
- Machine Vision and Industrial Automation
- Robotics and Drone
- Others
Global 3D Time-Of-Flight Sensor Market – By Geography
Global 3D Time-Of-Flight Sensor Market – By Geography
North America
- U.S.
- Canada
- Mexico
Europe
- France
- Germany
- Italy
- UK
- Russia
- Rest of Europe
Asia Pacific (APAC)
- China
- India
- Japan
- South Korea
- Rest of APAC
Middle EAST & Africa (MEA)
- South Africa
- Rest of Middle East & Africa
South America
- Brazil
- Argentina
Global 3D Time-Of-Flight Sensor Market - Company Profiles
- Adafruit Industries
- AMS AG
- ifm electronic gmbh
- Infineon Technologies AG
- Keyence Corporation
- Melexis
- Sony Corporation
- STMicroelectronics N.V.
- Teledyne Technologies Incorporated
- Texas Instruments Incorporated
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Type ; Application
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
US, Canada, Mexico, UK, Germany, Spain, Italy, France, India, China, Japan, South Korea, Australia, UAE, Saudi Arabia, South Africa, Brazil, Argentina
The List of Companies
- Adafruit Industries
- AMS AG
- ifm electronic gmbh
- Infineon Technologies AG
- Keyence Corporation
- Melexis
- Sony Corporation
- STMicroelectronics N.V.
- Teledyne Technologies Incorporated
- Texas Instruments Incorporated
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
Trends and growth analysis reports related to 3D Time-of-Flight Sensor Market
Aug 2019
Robotic Crawler Camera System Market
Size and Forecast (2020 - 2030), Global and Regional Share, Trend, and Growth Opportunity Analysis Report Coverage: By Component [Hardware (Cameras, Crawlers, Cable Drums, Control Units, and Others), Software, and Service], Application (Drain Inspection, Pipeline Inspection, and Tank Void Capacity or Conduit Inspection), and End User (Residential, Commercial, Municipal, and Industrial)
Aug 2019
Inertial Sensor for Land Defense Systems Market
Size and Forecasts (2020 - 2030), Global and Regional Share, Trend, and Growth Opportunity Analysis Report Coverage: By Technology (FOG, MEMS, and Others) and Application (Stabilization Missile Systems, Stabilization Turret-Cannon Systems, Land Navigation Including Land Survey, Missile GGM-SSM, Stabilization Active Protection System, Stabilization of Optronics System, and Others)
Aug 2019
Drone Lithium Battery Market
Size and Forecasts (2020 - 2030), Global and Regional Share, Trend, and Growth Opportunity Analysis By Battery Type (Li-ion, Li-Po, and Li-S), Battery Capacity (Below 3,000 mAh; 3,000–5,000 mAh; and Above 5,000 mAh), Drone MTOW (Below 100 Kgs, 100–200 Kgs, and Above 200 Kgs), Wing Type (Fixed Wing and Rotary Wing), and End Use (Military and Commercial)
Aug 2019
ASRS for Garments on Hangers Market
Size and Forecasts (2020 - 2030), Global and Regional Share, Trend, and Growth Opportunity Analysis By Type (Garment Rail System, Garment Conveyor, Garment Property Storage, and Others) and Application (Warehousing and Logistics, Retail 3PL, Hotels, Hospitals and Institutes, and Others)
Aug 2019
Analog to Digital Converter Market
Size and Forecasts (2020 - 2030), Global and Regional Share, Trends, and Growth Opportunity Analysis Report Coverage: By Type (Integrating Analog to Digital Converters, Delta-Sigma Analog to Digital Converters, Successive Approximation Analog to Digital Converters, Ramp Analog to Digital Converters, and Others), Resolution (8-Bit, 10-Bit, 12-Bit, 14-Bit, 16-Bit, and Others), and Application (Industrial, Consumer Electronics, Automotive, Healthcare, Telecommunication, and Others)
Aug 2019
Laser Distance Sensor Market
Size and Forecasts (2020 - 2030), Global and Regional Share, Trends, and Growth Opportunity Analysis Report Coverage: By Distance (Between 2 and 10 Meters, Between 11 and 100 Meters, Between 101 and 200 Meters, and Between 201 and 500 Meters), Accuracy (1 mm at 2 Sigma, 3 mm with 2 Sigma, and 5 mm at 2 Sigma), and End User (Manufacturing, Construction, Automotive and Robotics, Aerospace and Defense, Geospatial Industry, and Others)
Aug 2019
Rugged Tablet Market
Size and Forecasts (2020 - 2030), Global and Regional Share, Trends, and Growth Opportunity Analysis By Type (Fully Rugged Tablet, Semi Rugged Tablet, and Ultra Rugged Tablet); Operating System (Android, Windows, and iOS); and Application (Aerospace & Defense, Automotive, Construction, Energy & Utilities, Manufacturing, Oil & Gas, and Others)
Aug 2019
Rear Door Heat Exchanger Market
Size and Forecasts (2020 - 2030), Global and Regional Share, Trends, and Growth Opportunity Analysis Report Coverage: By Type (Active and Passive) and End User (Data Center, IT and Telecommunication, Semiconductor, Education, Government, and Others)