Time-of-Flight Sensor Market Overview, Growth, Trends, Analysis, Research Report (2021-2031)

Time-of-Flight Sensor Market Size and Forecast (2021 - 2031), Global and Regional Share, Trend, and Growth Opportunity Analysis Report Coverage: By Device Type (RF-Modulated Light Sources With Phase Detectors, Range-Gated Imagers, Direct Time-of-Flight Imagers); Vertical (Automotive, Consumer Electronics, Gaming and Entertainment, Industrial, Healthcare, Aerospace and Defense, Others), and Geography.

  • Report Code : TIPRE00022354
  • Category : Electronics and Semiconductor
  • No. of Pages : 150

Time-of-Flight Sensor Market Forecast, Trends by 2031

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The time-of-flight sensor market size is projected to reach US$ 15574.54 million by 2031 from US$ 4273.66 million in 2023. The market is expected to register a CAGR of 17.5 % during 2023–2031. Rising adoption of time-of-flight technology in smartphones is likely to remain a key trend in the market.

Time-of-Flight Sensor Market Analysis

The demand for ToF sensors is increasing due to their rising use in the automotive industry. The technology is used to monitor the driver's behavior, which helps prevent road accidents and improve vehicle safety. In addition, the demand for the sensors is increasing in other industries, such as consumer electronics, healthcare, gaming & entertainment, and aerospace & defense. As a result, the market players are coming up with advanced ToF sensors. In February 2020, Panasonic Corporation announced that they had developed a time-of-flight image sensor that uses avalanche photodiode (APD) pixels. It can acquire highly accurate 3D information according to the position of objects from near to far distances up to 250 m. These sensors can be applied in various fields, such as automotive range imaging and wide-area surveillance.

Time-of-Flight Sensor Market Overview

Time-of-flight (ToF) sensors are used to measure the time taken by an object to travel a distance through a medium. It calculates the time difference between the emission of a signal and its return to the sensor after being reflected by an object. The sensor is used for various applications, including robot navigation, people counting, vehicle monitoring, and object detection. It is an all-in-one system for cost-effective, easy, and small-footprint integration. It provides true distance measurement without depending on the target size, color, and reflectance. In addition, ToF sensors use lasers to measure long distances and range with great precision.

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Time-of-Flight Sensor Market: Strategic Insights

Time-of-Flight Sensor Market
  • CAGR
    CAGR (2023 - 2031)
    17.5 %
  • Market Size 2023
    US$ 4273.66 Million
  • Market Size 2031
    US$ 15574.54 Million

Market Dynamics

GROWTH DRIVERS
  • Growing Use of Time-of-Flight Sensors for Automotive Applications
FUTURE TRENDS
  • Rising Adoption of Time-of-Flight Technology in Smartphones
OPPORTUNITIES
  • Increasing Use of Time-of-Flight Technology in Autonomous Mobile Robots

Key Players

  • OMRON Corp
  • STMicroelectronics NV
  • Keyence Corp
  • Teledyne e2v Overseas
  • Holdings Ltd
  • Texas Instruments Inc
  • InvenSense Inc
  • Panasonic Holdings Corp
  • Analog Devices Inc
  • Sony Group Corp

Regional Overview

Regional Overview
  • North America
  • Europe
  • Asia-Pacific
  • South and Central America
  • Middle East and Africa

Market Segmentation

Market SegmentComponent
  • Hardware and Software
Market SegmentVertical
  • Automotive
  • Consumer Electronics
  • Gaming and Entertainment
  • Industrial
  • Healthcare
  • Aerospace and Defense
  • Others
  • Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.

Time-of-Flight Sensor Market Drivers and Opportunities

Growing Use of Time-of-Flight Sensors for Automotive Applications

Along with the developments in vehicle safety, the ToF technology offers convenience and comfort inside the car cabin, which may benefit drivers and passengers. The seats can be moved, and seat belts can be brought closer when the passenger gets into the car. It can also help the driver or passenger by turning on the light of the storage compartments when a hand reaches in that direction. Thus, the increasing use of ToF sensors for automotive applications is boosting the growth of the time-of-flight sensor market.

Increasing Use of Time-of-Flight Technology in Autonomous Mobile Robots

In warehouse operations, time-of-flight cameras can provide superior intelligence for Autonomous Mobile Robots (AMRs) and  Automated Guided Vehicles (AGVs). The cameras can be used to observe the surroundings and capture depth imaging data, which further enhances business-critical functions with accuracy, convenience, and speed. The camera has various functions such as localization, mapping, obstacle avoidance, navigation, object detection, and odometry. The demand for time-of-flight cameras is increasing, enabling the market players to obtain technologically advanced time-of-flight cameras. Thus, such innovations by the market participants and the increasing adoption of time-of-flight sensors in AMRs are creating create lucrative opportunities for the time-of-flight sensors market.

Time-of-Flight Sensor Market Report Segmentation Analysis

Key segments that contributed to the derivation of the time-of-flight sensor market analysis are device type and vertical.

  • Based on the device type, the time-of-flight sensor market is divided into RF-modulated light sources with phase detectors, range-gated imagers, direct time-of-flight imagers. The software segment held a larger market share in 2023.
  • By vertical, the market is segmented into automotive, consumer electronics, gaming and entertainment, industrial, healthcare, aerospace and defense, others.

Time-of-Flight Sensor Market Share Analysis by Geography

The geographic scope of the time-of-flight sensor market report is mainly divided into five regions: North America, Asia Pacific, Europe, Middle East & Africa, and South & Central America. The North American market is attributed to the growing demand for time-of-flight (ToF) sensors in automotive and consumer electronics applications. Some of the safety functions offered by the ToF camera are NCAP-mandated driver fatigue detection, body pose, eye gaze, hands-on-wheel detection, advanced seat-belt application, and head pose. The safety function of the time-of-flight sensor is beneficial for road accidents. Due to the increasing awareness of safety functions, the demand for vehicles integrated with the ToF camera is rising in the North American region.

Time-of-Flight Sensor Market Report Scope

Report Attribute Details
Market size in 2023 US$ 4273.66 Million
Market Size by 2031 US$ 15574.54 Million
Global CAGR (2023 - 2031) 17.5 %
Historical Data 2021-2022
Forecast period 2024-2031
Segments Covered By Component
  • Hardware and Software
By Vertical
  • Automotive
  • Consumer Electronics
  • Gaming and Entertainment
  • Industrial
  • Healthcare
  • Aerospace and Defense
  • Others
Regions and Countries Covered North America
  • US
  • Canada
  • Mexico
Europe
  • UK
  • Germany
  • France
  • Russia
  • Italy
  • Rest of Europe
Asia-Pacific
  • China
  • India
  • Japan
  • Australia
  • Rest of Asia-Pacific
South and Central America
  • Brazil
  • Argentina
  • Rest of South and Central America
Middle East and Africa
  • South Africa
  • Saudi Arabia
  • UAE
  • Rest of Middle East and Africa
Market leaders and key company profiles
  • OMRON Corp
  • STMicroelectronics NV
  • Keyence Corp
  • Teledyne e2v Overseas
  • Holdings Ltd
  • Texas Instruments Inc
  • InvenSense Inc
  • Panasonic Holdings Corp
  • Analog Devices Inc
  • Sony Group Corp
  • Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.

Time-of-Flight Sensor Market News and Recent Developments

The time-of-flight sensor market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. A few of the developments in the time-of-flight sensor market are listed below:

  • STMicroelectronics introduced new high-resolution time-of-flight sensors for advanced 3D depth imaging for smartphones and other devices. The VD55H1 sensor maps 3D surfaces by measuring the distance to approximately half a million points and enables detection of objects up to 5 m from the sensor.(Source: STMicroelectronics, Press Release, MArch 2022.)
  • TDK Corporation launched the Chirp ICU-10201 and ICU-20201, ultra-low power and high-performance integrated ultrasonic time-of-flight sensors for long and short range detection. The company states that new MEMS sensors offer accurate range measurements up to a distance of 5 m over a wide and configurable field of view. (Source: TDK Corporation, Press Release, January 2022)

Time-of-Flight Sensor Market Report Coverage and Deliverables

The “Time-of-Flight Sensor Market Size and Forecast (2021–2031)” report provides a detailed analysis of the market covering below areas:

  • Time-of-flight sensor market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
  • Time-of-flight sensor market trends as well as market dynamics such as drivers, restraints, and key opportunities
  • Detailed PEST/Porter’s Five Forces and SWOT analysis
  • time-of-flight sensor market analysis covering key market trends, global and regional framework, major players, regulations, and recent market developments
  • Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments for the time-of-flight sensor market
  • Detailed company profiles
Report Coverage

Report Coverage

Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends

Segment Covered

Segment Covered

Device Type, Vertical

Regional Scope

Regional Scope

North America, Europe, Asia Pacific, Middle East & Africa, South & Central America

Country Scope

Country Scope

Argentina, Australia, Brazil, Canada, China, France, Germany, India, Italy, Japan, Mexico, Russian Federation, Saudi Arabia, South Africa, South Korea, United Arab Emirates, United Kingdom, United States

Frequently Asked Questions


What is the expected CAGR of the time-of-flight sensor market?

The expected CAGR of the global time-of-flight sensor market is 17.5 %.

What would be the estimated value of the time-of-flight sensor market by 2031?

The global time-of-flight sensor market is expected to reach US$ 15574.54 million by 2031.

Which are the leading players operating in the time-of-flight sensor market?

The key players holding majority shares in the global time-of-flight sensor market are OMRON Corp, STMicroelectronics NV, Keyence Corp, Teledyne e2v (Overseas), Holdings Ltd, Texas Instruments Inc, InvenSense Inc, Panasonic Holdings Corp, Analog Devices Inc, Sony Group Corp, and Infineon Technologies AG.

What are the future trends of the time-of-flight sensor market?

Rising adoption of time-of-flight technology in smartphones is anticipated to play a significant role in the global time-of-flight sensor market in the coming years.

What are the driving factors impacting the time-of-flight sensor market?

Growing use of time-of-flight sensors for automotive applications and increasing use of time-of-flight technology in autonomous mobile robots are the major factors that propel the global time-of-flight sensor market.

Which region dominated the time-of-flight sensor market in 2023?

North America dominates the time-of-flight sensor market.

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