Time-of-Flight Sensor Market Share, Size and Growth Report 2028

Time-of-Flight Sensor Market Forecast to 2028 - COVID-19 Impact and Global Analysis 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)

  • Report Code : TIPRE00022354
  • Category : Electronics and Semiconductor
  • Status : Published
  • No. of Pages : 161
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The time-of-flight sensor market size is expected to grow from US$ 3,204.98 million in 2022 to US$ 8,426.63 million by 2028; it is estimated to grow at a CAGR of 17.5% from 2022 to 2028.

Image sensor based on time-of-flight technology uses a laser beam to accurately measure the distance to the target object. Therefore, the demand for technology in mobile devices is increasing tremendously, specifically for photography features such as blurring effects and auto-focus. In addition, the demand for 3D facial mapping for features such as facial unlocking of the smartphone is raising the demand for time-of-flight cameras in the market. Owing to the increasing demand for time-of-flight technologies, the market players are working on incorporating the technology into smartphones. In August 2022, Samsung announced that they are working on the ISOCELL Vizion 3D ToF camera sensor. The company will incorporate this technology in its new Galaxy S21 series, which will be released in 2023. Through this technology, the company claims to provide better facial recognition and depth sensing capabilities with an accurate and immersive augmented reality experience.

Moreover, in June 2022, Sony Group Corporation introduced the ToF AR toolkit for AR developers. The application supports Android and iOS devices. ToF AR uses the back-illuminated ToF 3D image sensor to obtain real-time high-resolution and high-precision 3D depth information. It is also ideal for 3D face recognition, 3D scanning, autofocus assistance, and the bokeh effect for cameras. Thus, the growing adoption of time-of-flight technology in smartphones will fuel the growth of the time-of-flight sensors market in the coming years.

Furthermore, time-of-flight sensors are used in manufacturing consumer electronic devices, automotive, medical devices, and various other applications. As a result, its demand in the market is significantly high across the country. Moreover, increasing automotive sales in the US is fueling the growth of the time-of-flight sensor market in the country in 2021. The automotive sector in the US is growing rapidly with increasing capital growth and growing exports. Major automakers announced several investment plans for EVs and AVs. GM announced an investment of US$ 35 billion in automotive industry by 2025. In addition, in September 2022, the US government announced that they would be investing US$ 50 billion in the building of the domestic semiconductor industry, aiming to lower the dependency on China for semiconductors. Thus, the growing government investments in the automotive & semiconductor industries will fuel the growth of the time-of-flight sensor market in the US.

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Time-of-Flight Sensor Market: Strategic Insights

time-of-flight-tof-sensor-market
Market Size Value inUS$ 3,204.98 million in 2022
Market Size Value byUS$ 8,426.63 million by 2028
Growth rateCAGR of 17.5% from 2022 to 2028
Forecast Period2022-2028
Base Year2022
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Impact of COVID-19 Pandemic on North America Time-of-Flight Sensor Market Growth

 

Germany, the UK, France, and Italy were severally affected by the emergence of the COVID-19 pandemic in 2020. The pandemic has affected the operations of electronics manufacturers, as manufacturers have to temporarily discontinue manufacturing operations or continue their operations with limited workforces, which adversely impacted product deliveries in 2020. Various automotive manufacturers in the region, such as Mercedes, Volkswagen, Skoda, BMW, and Audi, were struggling to source the components due to the onset of the COVID-19 outbreak—which resulted in disruption in the supply chain, shortage of electronic components, and reduced vehicle sales. However, in 2021, with the relaxation of lockdown measures, the manufacturing business resumed its operations. In addition, as people were working from home, there was a surge in demand for electronic devices. Consumers and businesses purchased new laptops for the staff working remotely. Also, as children were home-schooled, the demand for smartphones, tablets, and laptops increased tremendously. Moreover, in 2022, the time-of-flight sensor market growth was attributed to increased demand for ToF solutions in passenger and commercial vehicles. Thus, all the above factors raised the demand for time-of-flight sensors in Europe.

Lucrative Regions for Time-of-Flight Sensor Market

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Market Insights – Time-of-Flight Sensor Market

Based on geography, the time-of-flight sensor market is primarily segmented into North America, Europe, Asia Pacific (APAC), Middle East & Africa (MEA), and South America (SAM).

The growing automotive sector is driving the growth of the time-of-flight sensor market in the region. It is one of Europe’s biggest sectors, representing over 7% of the region’s GDP. The presence of established car manufacturers and an increase in the development and sales of electric vehicles will boost the demand for time-of-flight sensors in the coming years. Also, the government of the region is taking various initiatives for the growth of the automotive industry, which will propel the demand for time-of-flight sensors. In 2020, the UK government awarded US$ 57.87 million for various low-carbon automotive projects, including electric vehicle manufacturing.

Further, increased procurement of consumer electronic devices such as smartphones, tablets, and others is a key factor driving the robust industry growth. Also, Europe consists of various key players, such as STMicroelectronics NV, Teledyne e2v (Overseas) Holdings Ltd, and Infineon Technologies AG, which are continuously developing time-of-flight sensors for different applications. All these factors are propelling the growth of the time-of-flight sensor market.

Platform-Based Insights – Time-of-Flight Sensor Market

Based on vertical, the time-of-flight sensor market size is segmented into automotive, consumer electronics, gaming and entertainment, industrial, healthcare, aerospace and defense, and others. The consumer electronics segment is expected to dominate the time-of-flight sensor market in 2022. This is mainly due to the rising penetration of different types of consumer electronic devices such as smartphones, tablets, computers, laptops, etc. Moreover, the rising demand for smartphones with advanced photography features such as auto-focus and blurring effect is further raising the demand for time-of-flight sensors.

Market players operating in the time-of-flight sensor market are mainly focused on the development of advanced and efficient systems.

  • In February 2021, Sony Corporation announced that it had developed a stacked direct Time of Flight (ToF) depth sensor for automotive LiDAR using single-photon avalanche diode (SPAD) pixels, an industry first.
  • In January 2023, Teledyne e2v, a part of Teledyne Technologies, announced the release of its Hydra3D+, a new Time-of-Flight (ToF) CMOS image sensor which incorporates 832 x 600-pixel resolution and is tailored for versatile 3D detection and measurement.
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 estimated global market size for the time-of-flight sensor market in 2022?

The estimated global market size for the time-of-flight sensor market in 2022 is expected to be around US$ 3,204.98 million

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

1. Growing use of time-of-flight sensors for automotive applications
2. Continuous product innovations and launches

What is the future trend in the time-of-flight sensor market?

Rising adoption of time-of-flight technology in smartphones

Which are the key players holding the major market share of time-of-flight sensor market?

Infineon Technologies AG; Sony Group Corp; STMicroelectronics NV; Teledyne e2v (Overseas) Holdings; and Texas Instruments Inc are the key market players expected to hold a major market share of time-of-flight sensor market in 2022

Which is the fastest growing regional market?

Asia Pacific is expected to register highest CAGR in the time-of-flight sensor market during the forecast period (2022-2028)

Which countries are registering a high growth rate during the forecast period?

India, China, and Japan are expected to register high growth rate during the forecast period

Which country is holding the major market share of time-of-flight sensor market?

The China is expected to hold a major market share of time-of-flight sensor market in 2022

Which is the leading time-of-flight sensor device type segment in the time-of-flight sensor market?

Range-gated imagers segment is expected to hold a major market share of time-of-flight sensor market in 2022

What will be the global market size of time-of-flight sensor market by 2028?

The global market size of time-of-flight sensor market by 2028 will be around US$ 8,426.63 million

What is the incremental growth of the time-of-flight sensor market during the forecast period?

The time-of-flight sensor market is expected to register an incremental growth value of US$ 5,221.65 million during the forecast period

1. Introduction 19

1.1 Study Scope. 19

1.2 The Insight Partners Research Report Guidance. 19

1.3 Market Segmentation. 20

2. Key Takeaways 22

3. Research Methodology 25

3.1 Coverage. 26

3.2 Secondary Research. 26

3.3 Primary Research. 26

4. Time-of-Flight sensor Market Landscape 27

4.1 Market Overview. 27

4.2 PEST Analysis. 28

4.2.1 North America. 28

4.2.2 Europe. 28

4.2.3 APAC.. 29

4.2.4 MEA. 29

4.2.5 SAM... 30

4.3 Ecosystem Analysis. 30

4.4 Expert Opinion. 31

5. Time-of-Flight Sensor Market- Key Market Dynamics 32

5.1 Market Drivers. 32

5.1.1 Growing Use of Time-of-Flight Sensors for Automotive Applications. 32

5.1.2 Continuous Product Innovations and Launches. 32

5.2 Market Restraints. 33

5.2.1 Low Integration of Time-of-Flight Sensors in Smartphones due to Their High Cost 33

5.3 Market Opportunities. 33

5.3.1 Increasing Use of Time-of-Flight Technology in Autonomous Mobile Robots. 33

5.4 Future Trends. 33

5.4.1 Rising Adoption of Time-of-Flight Technology in Smartphones. 33

5.5 Impact Analysis of Drivers and Restraints. 34

6. Time-of-Flight Sensor Market– Global Market Analysis 35

6.1 Time-of-Flight Sensor Market Global Overview.. 35

6.2 Global Time-of-Flight Sensor Market Forecast and Analysis. 37

6.3 Market Positioning- Top Five Players. 38

7. Time-of-Flight Sensor Market Analysis – by Device Type 39

7.1 Overview.. 39

7.2 Time-of-Flight Sensor Market, by Device Type (2021 and 2028) 39

7.3 RF-Modulated Light Sources with Phase Detectors. 40

7.3.1 Overview.. 40

7.3.2 RF-Modulated Light Sources with Phase Detectors: Time-of-Flight Sensor Market Revenue and Forecast to 2028 (US$ Million) 40

7.4 Range-Gated Imagers. 41

7.4.1 Overview.. 41

7.4.2 Range-Gated Imagers: Time-of-Flight Sensor Market Revenue and Forecast to 2028 (US$ Million) 41

7.5 Direct Time-of-Flight Imagers. 42

7.5.1 Overview.. 42

7.5.2 Direct Time-of-Flight Imagers: Time-of-Flight Sensor Market Revenue and Forecast to 2028 (US$ Million) 42

8. Global Time-of-Flight Sensor Market Analysis – by Vertical 43

8.1 Overview.. 43

8.2 Time-of-Flight Sensor Market, by Vertical (2021 and 2028) 43

8.3 Automotive. 44

8.3.1 Overview.. 44

8.3.2 Automotive: Time-of-Flight Sensor Market Revenue and Forecast to 2028 (US$ Million) 44

8.4 Consumer Electronics. 45

8.4.1 Overview.. 45

8.4.2 Consumer Electronics: Time-of-Flight Sensor Market Revenue and Forecast to 2028 (US$ Million) 45

8.5 Gaming and Entertainment 46

8.5.1 Overview.. 46

8.5.2 Gaming and Entertainment: Time-of-Flight Sensor Market Revenue and Forecast to 2028 (US$ Million) 46

8.6 Industrial 47

8.6.1 Overview.. 47

8.6.2 Industrial: Time-of-Flight Sensor Market Revenue and Forecast to 2028 (US$ Million) 47

8.7 Healthcare. 48

8.7.1 Overview.. 48

8.7.2 Healthcare: Time-of-Flight Sensor Market Revenue and Forecast to 2028 (US$ Million) 48

8.8 Aerospace and Defense. 49

8.8.1 Overview.. 49

8.8.2 Aerospace and Defense: Time-of-Flight Sensor Market Revenue and Forecast to 2028 (US$ Million) 49

8.9 Others. 50

8.9.1 Overview.. 50

8.9.2 Others: Time-of-Flight Sensor Market Revenue and Forecast to 2028 (US$ Million) 50

9. Time-of-Flight Sensor Market – Geographic Analysis 51

9.1 Overview.. 51

9.2 North America: Time-of-Flight Sensor Market 52

9.2.1 North America: Time-of-Flight Sensor Market – Revenue and Forecast to 2028 (US$ Million) 52

9.2.2 North America: Time-of-Flight Sensor Market, by Device Type. 53

9.2.3 North America: Time-of-Flight Sensor Market, by Vertical 54

9.2.4 North America: Time-of-Flight Sensor Market, by Key Country. 55

9.2.4.1 US: Time-of-Flight Sensor Market – Revenue and Forecast to 2028 (US$ Million) 56

9.2.4.1.1 US: Time-of-Flight Sensor Market, by Device Type. 56

9.2.4.1.2 US: Time-of-Flight Sensor Market, by Vertical 57

9.2.4.2 Canada: Time-of-Flight Sensor Market – Revenue and Forecast to 2028 (US$ Million) 58

9.2.4.2.1 Canada: Time-of-Flight Sensor Market, by Device Type. 58

9.2.4.2.2 Canada: Time-of-Flight Sensor Market, by Vertical 59

9.2.4.3 Mexico: Time-of-Flight Sensor Market – Revenue and Forecast to 2028 (US$ Million) 60

9.2.4.3.1 Mexico: Time-of-Flight Sensor Market, by Device Type. 60

9.2.4.3.2 Mexico: Time-of-Flight Sensor Market, by Vertical 61

9.3 Europe: Time-of-Flight Sensor Market 62

9.3.1 Europe: Time-of-Flight Sensor Market – Revenue and Forecast to 2028 (US$ Million) 62

9.3.2 Europe: Time-of-Flight Sensor Market, by Device Type. 63

9.3.3 Europe: Time-of-Flight Sensor Market, by Vertical 64

9.3.3.1 Germany: Time-of-Flight Sensor Market – Revenue and Forecast to 2028 (US$ Million) 66

9.3.3.1.1 Germany: Time-of-Flight Sensor Market, by Device Type. 67

9.3.3.1.2 Germany: Time-of-Flight Sensor Market, by Vertical 67

9.3.3.2 France: Time-of-Flight Sensor Market – Revenue and Forecast to 2028 (US$ Million) 68

9.3.3.2.1 France: Time-of-Flight Sensor Market, by Device Type. 68

9.3.3.2.2 France: Time-of-Flight Sensor Market, by Vertical 69

9.3.3.3 Italy: Time-of-Flight Sensor Market – Revenue and Forecast to 2028 (US$ Million) 70

9.3.3.3.1 Italy: Time-of-Flight Sensor Market, by Device Type. 71

9.3.3.3.2 Italy: Time-of-Flight Sensor Market, by Vertical 71

9.3.3.4 UK: Time-of-Flight Sensor Market – Revenue and Forecast to 2028 (US$ Million) 72

9.3.3.4.1 UK: Time-of-Flight Sensor Market, by Device Type. 73

9.3.3.4.2 UK: Time-of-Flight Sensor Market, by Vertical 73

9.3.3.5 Russia: Time-of-Flight Sensor Market – Revenue and Forecast to 2028 (US$ Million) 74

9.3.3.5.1 Russia: Time-of-Flight Sensor Market, by Device Type. 75

9.3.3.5.2 Russia: Time-of-Flight Sensor Market, by Vertical 75

9.3.3.6 Rest of Europe: Time-of-Flight Sensor Market – Revenue and Forecast to 2028 (US$ Million) 76

9.3.3.6.1 Rest of Europe: Time-of-Flight Sensor Market, by Device Type. 77

9.3.3.6.2 Rest of Europe: Time-of-Flight Sensor Market, by Vertical 77

9.4 Asia Pacific: Time-of-Flight Sensor Market 78

9.4.1 Asia Pacific: Time-of-Flight Sensor Market – Revenue and Forecast to 2028 (US$ Million) 78

9.4.2 Asia Pacific: Time-of-Flight Sensor Market, by Device Type. 79

9.4.3 Asia Pacific: Time-of-Flight Sensor Market, by Vertical 80

9.4.4 Asia Pacific: Time-of-Flight Sensor Market, by Key Country. 81

9.4.4.1 Australia: Time-of-Flight Sensor Market – Revenue and Forecast to 2028 (US$ Million) 82

9.4.4.1.1 Australia: Time-of-Flight Sensor Market, by Device Type. 83

9.4.4.1.2 Australia: Time-of-Flight Sensor Market, by Vertical 83

9.4.4.2 China: Time-of-Flight Sensor Market – Revenue and Forecast to 2028 (US$ Million) 84

9.4.4.2.1 China: Time-of-Flight Sensor Market, by Device Type. 85

9.4.4.2.2 China: Time-of-Flight Sensor Market, by Vertical 85

9.4.4.3 India: Time-of-Flight Sensor Market – Revenue and Forecast to 2028 (US$ Million) 86

9.4.4.3.1 India: Time-of-Flight Sensor Market, by Device Type. 87

9.4.4.3.2 India: Time-of-Flight Sensor Market, by Vertical 87

9.4.4.4 Japan: Time-of-Flight Sensor Market – Revenue and Forecast to 2028 (US$ Million) 88

9.4.4.4.1 Japan: Time-of-Flight Sensor Market, by Device Type. 89

9.4.4.4.2 Japan: Time-of-Flight Sensor Market, by Vertical 89

9.4.4.5 South Korea: Time-of-Flight Sensor Market – Revenue and Forecast to 2028 (US$ Million) 90

9.4.4.5.1 South Korea: Time-of-Flight Sensor Market, by Device Type. 91

9.4.4.5.2 South Korea: Time-of-Flight Sensor Market, by Vertical 91

9.4.4.6 Rest of APAC: Time-of-Flight Sensor Market – Revenue and Forecast to 2028 (US$ Million) 92

9.4.4.6.1 Rest of APAC: Time-of-Flight Sensor Market, by Device Type. 93

9.4.4.6.2 Rest of APAC: Time-of-Flight Sensor Market, by Vertical 93

9.5 MEA: Time-of-Flight Sensor Market 94

9.5.1 MEA: Time-of-Flight Sensor Market – Revenue and Forecast to 2028 (US$ Million) 94

9.5.2 MEA: Time-of-Flight Sensor Market, by Device Type. 95

9.5.3 MEA: Time-of-Flight Sensor Market, by Vertical 96

9.5.4 MEA: Time-of-Flight Sensor Market, by Key Country. 97

9.5.5.1 UAE: Time-of-Flight Sensor Market – Revenue and Forecast to 2028 (US$ Million) 98

9.5.5.1.1 UAE: Time-of-Flight Sensor Market, by Device Type. 99

9.5.5.1.2 UAE: Time-of-Flight Sensor Market, by Vertical 99

9.5.5.2 South Africa: Time-of-Flight Sensor Market – Revenue and Forecast to 2028 (US$ Million) 100

9.5.5.2.1 South Africa: Time-of-Flight Sensor Market, by Device Type. 101

9.5.5.2.2 South Africa: Time-of-Flight Sensor Market, by Vertical 101

9.5.5.3 Saudi Arabia: Time-of-Flight Sensor Market – Revenue and Forecast to 2028 (US$ Million) 102

9.5.5.3.1 Saudi Arabia: Time-of-Flight Sensor Market, by Device Type. 103

9.5.5.3.2 Saudi Arabia: Time-of-Flight Sensor Market, by Vertical 103

9.5.5.4 Rest of MEA: Time-of-Flight Sensor Market – Revenue and Forecast to 2028 (US$ Million) 104

9.5.5.4.1 Rest of MEA: Time-of-Flight Sensor Market, by Device Type. 105

9.5.5.4.2 Rest of MEA: Time-of-Flight Sensor Market, by Vertical 105

9.6 SAM: Time-of-Flight Sensor Market 106

9.6.1 SAM: Time-of-Flight Sensor Market – Revenue and Forecast to 2028 (US$ Million) 106

9.6.2 SAM: Time-of-Flight Sensor Market, by Device Type. 107

9.6.3 SAM: Time-of-Flight Sensor Market, by Vertical 108

9.6.4 SAM: Time-of-Flight Sensor Market, by Key Country. 109

9.6.4.1 Brazil: Time-of-Flight Sensor Market – Revenue and Forecast to 2028 (US$ Million) 110

9.6.4.1.1 Brazil: Time-of-Flight Sensor Market, by Device Type. 111

9.6.4.1.2 Brazil: Time-of-Flight Sensor Market, by Vertical 111

9.6.4.2 Argentina: Time-of-Flight Sensor Market – Revenue and Forecast to 2028 (US$ Million) 112

9.6.4.2.1 Argentina: Time-of-Flight Sensor Market, by Device Type. 113

9.6.4.2.2 Argentina: Time-of-Flight Sensor Market, by Vertical 113

9.6.4.3 Rest of SAM: Time-of-Flight Sensor Market – Revenue and Forecast to 2028 (US$ Million) 114

9.6.4.3.1 Rest of SAM: Time-of-Flight Sensor Market, by Device Type. 115

9.6.4.3.2 Rest of SAM: Time-of-Flight Sensor Market, by Vertical 115

10. Impact of COVID-19 Pandemic on Time-of-Flight sensor Market 116

10.1 Overview.. 116

10.2 North America: Impact Assessment of COVID-19 Pandemic. 116

10.3 Europe: Impact Assessment of COVID-19 Pandemic. 118

10.4 Asia Pacific: Impact Assessment of COVID-19 Pandemic. 119

10.5 Middle East & Africa: Impact Assessment of COVID-19 Pandemic. 120

10.6 South America: Impact Assessment of COVID-19 Pandemic. 121

11. Industry Landscape 122

11.1 Overview.. 122

11.2 Market Initiative. 122

11.3 New Product Development 122

12. Company Profiles 124

12.1 Sony Group Corp. 124

12.1.1 Key Facts. 124

12.1.2 Business Description. 124

12.1.3 Products and Services. 124

12.1.4 Financial Overview.. 125

12.1.5 SWOT Analysis. 126

12.1.6 Key Developments. 127

12.2 STMicroelectronics NV. 128

12.2.1 Key Facts. 128

12.2.2 Business Description. 128

12.2.3 Products and Services. 128

12.2.4 Financial Overview.. 129

12.2.5 SWOT Analysis. 131

12.2.6 Key Developments. 131

12.3 Texas Instruments Inc. 132

12.3.1 Key Facts. 132

12.3.2 Business Description. 132

12.3.3 Products and Services. 132

12.3.4 Financial Overview.. 133

12.3.5 SWOT Analysis. 134

12.3.6 Key Developments. 134

12.4 Teledyne e2v (Overseas) Holdings Ltd. 135

12.4.1 Key Facts. 135

12.4.2 Business Description. 135

12.4.3 Products and Services. 135

12.4.4 Financial Overview.. 135

12.4.5 SWOT Analysis. 136

12.4.6 Key Developments. 137

12.5 Analog Devices Inc. 138

12.5.1 Key Facts. 138

12.5.2 Business Description. 138

12.5.3 Products and Services. 138

12.5.4 Financial Overview.. 139

12.5.5 SWOT Analysis. 140

12.5.6 Key Developments. 141

12.6 Infineon Technologies AG.. 142

12.6.1 Key Facts. 142

12.6.2 Business Description. 142

12.6.3 Products and Services. 143

12.6.4 Financial Overview.. 143

12.6.5 SWOT Analysis. 145

12.6.6 Key Developments. 145

12.7 Keyence Corp. 146

12.7.1 Key Facts. 146

12.7.2 Business Description. 146

12.7.3 Products and Services. 146

12.7.4 Financial Overview.. 147

12.7.5 SWOT Analysis. 148

12.7.6 Key Developments. 148

12.8 Panasonic Holdings Corp. 149

12.8.1 Key Facts. 149

12.8.2 Business Description. 149

12.8.3 Products and Services. 149

12.8.4 Financial Overview.. 150

12.8.5 SWOT Analysis. 151

12.8.6 Key Developments. 152

12.9 InvenSense Inc. 153

12.9.1 Key Facts. 153

12.9.2 Business Description. 153

12.9.3 Products and Services. 153

12.9.4 Financial Overview.. 153

12.9.5 SWOT Analysis. 154

12.9.6 Key Developments. 154

12.10 OMRON Corp. 155

12.10.1 Key Facts. 155

12.10.2 Business Description. 155

12.10.3 Products and Services. 155

12.10.4 Financial Overview.. 156

12.10.5 SWOT Analysis. 157

12.10.6 Key Developments. 158

13. Appendix 159

13.1 About The Insight Partners. 159

13.2 Word Index. 159

LIST OF TABLES

Table 1. Global Time-of-Flight Sensor Market, Revenue and Forecast, 2019–2028 (US$ Million) 37

Table 2. North America: Time-of-Flight Sensor Market, by Device Type – Revenue and Forecast to 2028 (US$ Million) 53

Table 3. North America: Time-of-Flight Sensor Market, by Vertical – Revenue and Forecast to 2028 (US$ Million) 54

Table 4. North America: Time-of-Flight Sensor Market, by Country – Revenue and Forecast to 2028 (US$ Million) 55

Table 5. US: Time-of-Flight Sensor Market, by Device Type – Revenue and Forecast to 2028 (US$ Million) 56

Table 6. US: Time-of-Flight Sensor Market, by Vertical – Revenue and Forecast to 2028 (US$ Million) 57

Table 7. Canada: Time-of-Flight Sensor Market, by Device Type – Revenue and Forecast to 2028 (US$ Million) 58

Table 8. Canada: Time-of-Flight Sensor Market, by Vertical – Revenue and Forecast to 2028 (US$ Million) 59

Table 9. Mexico: Time-of-Flight Sensor Market, by Device Type – Revenue and Forecast to 2028 (US$ Million) 60

Table 10. Mexico: Time-of-Flight Sensor Market, by Vertical – Revenue and Forecast to 2028 (US$ Million) 61

Table 11. Europe: Time-of-Flight Sensor Market, by Device Type – Revenue and Forecast to 2028 (US$ Million) 63

Table 12. Europe: Time-of-Flight Sensor Market, by Vertical – Revenue and Forecast to 2028 (US$ Million) 64

Table 13. Europe: Time-of-Flight Sensor Market, by Key Country. 65

Table 14. Europe: Time-of-Flight Sensor Market, by Country – Revenue and Forecast to 2028 (US$ Million) 65

Table 15. Germany: Time-of-Flight Sensor Market, by Device Type – Revenue and Forecast to 2028 (US$ Million) 67

Table 16. Germany: Time-of-Flight Sensor Market, by Vertical – Revenue and Forecast to 2028 (US$ Million) 67

Table 17. France: Time-of-Flight Sensor Market, by Device Type – Revenue and Forecast to 2028 (US$ Million) 68

Table 18. France: Time-of-Flight Sensor Market, by Vertical – Revenue and Forecast to 2028 (US$ Million) 69

Table 19. Italy: Time-of-Flight Sensor Market, by Device Type – Revenue and Forecast to 2028 (US$ Million) 71

Table 20. Italy: Time-of-Flight Sensor Market, by Vertical – Revenue and Forecast to 2028 (US$ Million) 71

Table 21. UK: Time-of-Flight Sensor Market, by Device Type – Revenue and Forecast to 2028 (US$ Million) 73

Table 22. UK: Time-of-Flight Sensor Market, by Vertical – Revenue and Forecast to 2028 (US$ Million) 73

Table 23. Russia: Time-of-Flight Sensor Market, by Device Type – Revenue and Forecast to 2028 (US$ Million) 75

Table 24. Russia: Time-of-Flight Sensor Market, by Vertical – Revenue and Forecast to 2028 (US$ Million) 75

Table 25. Rest of Europe: Time-of-Flight Sensor Market, by Device Type – Revenue and Forecast to 2028 (US$ Million) 77

Table 26. Rest of Europe: Time-of-Flight Sensor Market, by Vertical – Revenue and Forecast to 2028 (US$ Million) 77

Table 27. Asia Pacific: Time-of-Flight Sensor Market, by Device Type – Revenue and Forecast to 2028 (US$ Million) 79

Table 28. Asia Pacific: Time-of-Flight Sensor Market, by Vertical – Revenue and Forecast to 2028 (US$ Million) 80

Table 29. Asia Pacific: Time-of-Flight Sensor Market, by Country – Revenue and Forecast to 2028 (US$ Million) 81

Table 30. Australia: Time-of-Flight Sensor Market, by Device Type – Revenue and Forecast to 2028 (US$ Million) 83

Table 31. Australia: Time-of-Flight Sensor Market, by Vertical – Revenue and Forecast to 2028 (US$ Million) 83

Table 32. China: Time-of-Flight Sensor Market, by Device Type – Revenue and Forecast to 2028 (US$ Million) 85

Table 33. China: Time-of-Flight Sensor Market, by Vertical – Revenue and Forecast to 2028 (US$ Million) 85

Table 34. India: Time-of-Flight Sensor Market, by Device Type – Revenue and Forecast to 2028 (US$ Million) 87

Table 35. India: Time-of-Flight Sensor Market, by Vertical – Revenue and Forecast to 2028 (US$ Million) 87

Table 36. Japan: Time-of-Flight Sensor Market, by Device Type – Revenue and Forecast to 2028 (US$ Million) 89

Table 37. Japan: Time-of-Flight Sensor Market, by Vertical – Revenue and Forecast to 2028 (US$ Million) 89

Table 38. South Korea: Time-of-Flight Sensor Market, by Device Type – Revenue and Forecast to 2028 (US$ Million) 91

Table 39. South Korea: Time-of-Flight Sensor Market, by Vertical – Revenue and Forecast to 2028 (US$ Million) 91

Table 40. Rest of APAC: Time-of-Flight Sensor Market, by Device Type – Revenue and Forecast to 2028 (US$ Million) 93

Table 41. Rest of APAC: Time-of-Flight Sensor Market, by Vertical – Revenue and Forecast to 2028 (US$ Million) 93

Table 42. MEA: Time-of-Flight Sensor Market, by Device Type – Revenue and Forecast to 2028 (US$ Million) 95

Table 43. MEA: Time-of-Flight Sensor Market, by Vertical – Revenue and Forecast to 2028 (US$ Million) 96

Table 44. MEA: Time-of-Flight Sensor Market, by Country – Revenue and Forecast to 2028 (US$ Million) 97

Table 45. UAE: Time-of-Flight Sensor Market, by Device Type – Revenue and Forecast to 2028 (US$ Million) 99

Table 46. UAE: Time-of-Flight Sensor Market, by Vertical – Revenue and Forecast to 2028 (US$ Million) 99

Table 47. South Africa: Time-of-Flight Sensor Market, by Device Type – Revenue and Forecast to 2028 (US$ Million) 101

Table 48. South Africa: Time-of-Flight Sensor Market, by Vertical – Revenue and Forecast to 2028 (US$ Million) 101

Table 49. Saudi Arabia: Time-of-Flight Sensor Market, by Device Type – Revenue and Forecast to 2028 (US$ Million) 103

Table 50. Saudi Arabia: Time-of-Flight Sensor Market, by Vertical – Revenue and Forecast to 2028 (US$ Million) 103

Table 51. Rest of MEA: Time-of-Flight Sensor Market, by Device Type – Revenue and Forecast to 2028 (US$ Million) 105

Table 52. Rest of MEA: Time-of-Flight Sensor Market, by Vertical – Revenue and Forecast to 2028 (US$ Million) 105

Table 53. SAM: Time-of-Flight Sensor Market, by Device Type – Revenue and Forecast to 2028 (US$ Million) 107

Table 54. SAM: Time-of-Flight Sensor Market, by Vertical – Revenue and Forecast to 2028 (US$ Million) 108

Table 55. SAM: Time-of-Flight Sensor Market, by Country – Revenue and Forecast to 2028 (US$ Million) 109

Table 56. Brazil: Time-of-Flight Sensor Market, by Device Type – Revenue and Forecast to 2028 (US$ Million) 111

Table 57. Brazil: Time-of-Flight Sensor Market, by Vertical – Revenue and Forecast to 2028 (US$ Million) 111

Table 58. Argentina: Time-of-Flight Sensor Market, by Device Type – Revenue and Forecast to 2028 (US$ Million) 113

Table 59. Argentina: Time-of-Flight Sensor Market, by Vertical – Revenue and Forecast to 2028 (US$ Million) 113

Table 60. Rest of SAM: Time-of-Flight Sensor Market, by Device Type – Revenue and Forecast to 2028 (US$ Million) 115

Table 61. Rest of SAM: Time-of-Flight Sensor Market, by Vertical – Revenue and Forecast to 2028 (US$ Million) 115

Table 62. List of Abbreviation. 159

LIST OF FIGURES

Figure 1. Time-of-Flight Sensor Market Segmentation. 20

Figure 2. Time-of-Flight Sensor Market Segmentation – Geography. 21

Figure 3. Time-of-Flight Sensor Market Overview. 22

Figure 4. Time-of-Flight Sensor Market, By Device type. 23

Figure 5. Time-of-Flight Sensor Market, By Vertical 23

Figure 6. Time-of-Flight Sensor Market, By Region. 24

Figure 7. North America: PEST Analysis. 28

Figure 8. Europe: PEST Analysis. 28

Figure 9. APAC: PEST Analysis. 29

Figure 10. MEA: PEST Analysis. 29

Figure 11. SAM: PEST Analysis. 30

Figure 12. Time-of-Flight Sensor Market Ecosystem Analysis. 30

Figure 13. Expert Opinion. 31

Figure 14. Time-of-Flight Sensor Market: Impact Analysis of Drivers and Restraints. 34

Figure 15. Geographic Overview of Time-of-Flight Sensor Market 35

Figure 16. Global Time-of-Flight Sensor Market, Forecast and Analysis (US$ Million) 37

Figure 17. Market Positioning- Top Five Players. 38

Figure 18. Time-of-Flight Sensor Market, by Device Type (2021 and 2028) 39

Figure 19. RF-Modulated Light Sources with Phase Detectors: Time-of-Flight Sensor Market Revenue and Forecast to 2028 (US$ Million) 40

Figure 20. Range-Gated Imagers: Time-of-Flight Sensor Market Revenue and Forecast to 2028 (US$ Million) 41

Figure 21. Direct Time-of-Flight Imagers: Time-of-Flight Sensor Market Revenue and Forecast to 2028 (US$ Million) 42

Figure 22. Time-of-Flight Sensor Market, by Vertical (2021 and 2028) 43

Figure 23. Automotive: Time-of-Flight Sensor Market Revenue and Forecast to 2028 (US$ Million) 44

Figure 24. Consumer Electronics: Time-of-Flight Sensor Market Revenue and Forecast to 2028 (US$ Million) 45

Figure 25. Gaming and Entertainment: Time-of-Flight Sensor Market Revenue and Forecast to 2028 (US$ Million) 46

Figure 26. Industrial: Time-of-Flight Sensor Market Revenue and Forecast to 2028 (US$ Million) 47

Figure 27. Healthcare: Time-of-Flight Sensor Market Revenue and Forecast to 2028 (US$ Million) 48

Figure 28. Aerospace and Defense: Time-of-Flight Sensor Market Revenue and Forecast to 2028 (US$ Million) 49

Figure 29. Others: Time-of-Flight Sensor Market Revenue and Forecast to 2028 (US$ Million) 50

Figure 30. Global Time-of-Flight Sensor Market Revenue Share, By Region (2021 & 2028) 51

Figure 31. North America: Time-of-Flight Sensor Market – Revenue and Forecast to 2028 (US$ Million) 52

Figure 32. North America: Time-of-Flight Sensor Market Revenue Share, by Device Type (2021 & 2028) 53

Figure 33. North America: Time-of-Flight Sensor Market Revenue Share, by Vertical (2021 & 2028) 54

Figure 34. North America: Time-of-Flight Sensor Market Revenue Share, by Key Country (2021 & 2028) 55

Figure 35. US: Time-of-Flight Sensor Market – Revenue and Forecast to 2028 (US$ Million) 56

Figure 36. Canada: Time-of-Flight Sensor Market – Revenue and Forecast to 2028 (US$ Million) 58

Figure 37. Mexico: Time-of-Flight Sensor Market – Revenue and Forecast to 2028 (US$ Million) 60

Figure 38. Europe: Time-of-Flight Sensor Market – Revenue and Forecast to 2028 (US$ Million) 62

Figure 39. Europe: Time-of-Flight Sensor Market Revenue Share, by Device Type (2021 & 2028) 63

Figure 40. Europe: Time-of-Flight Sensor Market Revenue Share, by Vertical (2021 & 2028) 64

Figure 41. Europe: Time-of-Flight Sensor Market Revenue Share, by Key Country (2021 & 2028) 65

Figure 42. Germany: Time-of-Flight Sensor Market – Revenue and Forecast to 2028 (US$ Million) 66

Figure 43. France: Time-of-Flight Sensor Market – Revenue and Forecast to 2028 (US$ Million) 68

Figure 44. Italy: Time-of-Flight Sensor Market – Revenue and Forecast to 2028 (US$ Million) 70

Figure 45. UK: Time-of-Flight Sensor Market – Revenue and Forecast to 2028 (US$ Million) 72

Figure 46. Russia: Time-of-Flight Sensor Market – Revenue and Forecast to 2028 (US$ Million) 74

Figure 47. Rest of Europe: Time-of-Flight Sensor Market – Revenue and Forecast to 2028 (US$ Million) 76

Figure 48. Asia Pacific: Time-of-Flight Sensor Market – Revenue and Forecast to 2028 (US$ Million) 78

Figure 49. Asia Pacific: Time-of-Flight Sensor Market Revenue Share, by Device Type (2021 & 2028) 79

Figure 50. Asia Pacific: Time-of-Flight Sensor Market Revenue Share, by Vertical (2021 & 2028) 80

Figure 51. Asia Pacific: Time-of-Flight Sensor Market Revenue Share, by Key Country (2021 & 2028) 81

Figure 52. Australia: Time-of-Flight Sensor Market – Revenue and Forecast to 2028 (US$ Million) 82

Figure 53. China: Time-of-Flight Sensor Market – Revenue and Forecast to 2028 (US$ Million) 84

Figure 54. India: Time-of-Flight Sensor Market – Revenue and Forecast to 2028 (US$ Million) 86

Figure 55. Japan: Time-of-Flight Sensor Market – Revenue and Forecast to 2028 (US$ Million) 88

Figure 56. South Korea: Time-of-Flight Sensor Market – Revenue and Forecast to 2028 (US$ Million) 90

Figure 57. Rest of APAC: Time-of-Flight Sensor Market – Revenue and Forecast to 2028 (US$ Million) 92

Figure 58. MEA: Time-of-Flight Sensor Market – Revenue and Forecast to 2028 (US$ Million) 94

Figure 59. MEA: Time-of-Flight Sensor Market Revenue Share, by Device Type (2021 & 2028) 95

Figure 60. MEA: Time-of-Flight Sensor Market Revenue Share, by Vertical (2021 & 2028) 96

Figure 61. MEA: Time-of-Flight Sensor Market Revenue Share, by Key Country (2021 & 2028) 97

Figure 62. UAE: Time-of-Flight Sensor Market – Revenue and Forecast to 2028 (US$ Million) 98

Figure 63. South Africa: Time-of-Flight Sensor Market – Revenue and Forecast to 2028 (US$ Million) 100

Figure 64. Saudi Arabia: Time-of-Flight Sensor Market – Revenue and Forecast to 2028 (US$ Million) 102

Figure 65. Rest of MEA: Time-of-Flight Sensor Market – Revenue and Forecast to 2028 (US$ Million) 104

Figure 66. SAM: Time-of-Flight Sensor Market – Revenue and Forecast to 2028 (US$ Million) 106

Figure 67. SAM: Time-of-Flight Sensor Market Revenue Share, by Device Type (2021 & 2028) 107

Figure 68. SAM: Time-of-Flight Sensor Market Revenue Share, by Vertical (2021 & 2028) 108

Figure 69. SAM: Time-of-Flight Sensor Market Revenue Share, by Key Country (2021 & 2028) 109

Figure 70. Brazil: Time-of-Flight Sensor Market – Revenue and Forecast to 2028 (US$ Million) 110

Figure 71. Argentina: Time-of-Flight Sensor Market – Revenue and Forecast to 2028 (US$ Million) 112

Figure 72. Rest of SAM: Time-of-Flight Sensor Market – Revenue and Forecast to 2028 (US$ Million) 114

Figure 73. Impact of COVID-19 Pandemic on American Country Markets. 117

Figure 74. Impact of COVID-19 Pandemic on Europe Country Markets. 118

Figure 75. Impact of COVID-19 Pandemic on Asia Pacific Country Markets. 119

Figure 76. Impact of COVID-19 Pandemic on Middle East & Africa Country Markets. 120

Figure 77. Impact of COVID-19 Pandemic on South America Country Markets. 121

The List of Companies - Time-of-Flight Sensor Market

  1. Sony Group Corp
  2. STMicroelectronics NV
  3. Texas Instruments Inc
  4. Teledyne e2v (Overseas) Holdings Ltd
  5. OMRON Corp
  6. InvenSense Inc
  7. Panasonic Holdings Corp
  8. Analog Devices Inc
  9. Keyence Corp
  10. Infineon Technologies AG

The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.

  1. 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.

  1. 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:

Research Methodology

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.

  1. 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.

  1. 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.

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