Time of flight Sensor Market Report 2024 (Global Edition)

Global Time of flight Sensor Market Report 2024 Market Size Split by Product Type (Direct Tof Sensors, Indirect Tof Sensors), by Display Resolution (Quarter-QVGA (QQVGA), Half Quarter Video Graphics A...

Time of flight Sensor Market Report Description

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Time of flight Sensor Market Insights Video

Competitive Landscape of the Time of Flight Sensor Market

TOF Sensor Market is fragmented. Established corporations like Sony Corporation and STMicroelectronics NV affect this industry with their brand identities. Strong brands are associated with strong performance, thus long-standing players should benefit. Due to their market dominance and capacity to invest in new technologies, competition is projected to remain strong. Due to rivalry, suppliers are spending more in the industry.

June 2023: Texas Instruments Inc. introduced two new assembly and test sites in Kuala Lumpur and Melaka to extend its Malaysian production. This expansion supports the company's goal of 90% internal assembly and test operations by 2030 and enhanced supplier control. (Source: https://news.ti.com/2023-06-13-Texas-Instruments-to-expand-manufacturing-operations-in-Malaysia) September 2022: Sony Pictures Entertainment, Olympus Corporation, and Sony Olympus Medical Solutions Inc., a joint venture between Sony and Olympus, have jointly developed a surgical endoscopy system that includes surgical visualization features such as 4K, 3D, infrared (IR) imaging above, and NBI. The three companies announced this today (Narrow Band Imaging). (Source: https://www.sony.net/corporate/information/news/202209/22-0914E/)

Top Companies Market Share in Time of flight Sensor Industry: (In no particular order of Rank)

• Texas Instruments Incorporated
• STMicroelectronics N.V.
• Infineon Technologies AG
• Panasonic Corporation
• Teledyne Technologies Incorporated
• Keyence Corporation
• PMD Technologies AG
• Sharp Corporation
• Sony Corporation
• Melexis N.V.
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*List of Second Tier Companies, List of Third Tier/ Start-up Companies (Inquire with sales executive) Request Any Company Profile for Preview Purpose OR Data Validation!

If any Company(ies) of your interest has/have not been disclosed in the above list then please let us know the same so that we will check the data availability in our database and provide you the confirmation or include it in the final deliverables.

Regional Analysis of the Time of Flight Sensor Market

Which Region Dominates the Time of Flight Sensor Market in 2024?

According to Cognitive Market Research, North America dominated the market in 2024. It accounted for around 40% of the global revenue driven by significant investments in industrial automation and robotics, as well as advancements in automotive technology, such as autonomous vehicles and ADAS!.

Which Region is Expanding at the Fastest CAGR?

Asia Pacific stands out as the fastest-growing region in the Time of Flight Sensor market owing to the growing demand in the automotive, industrial automation, and consumer electronics sectors. Adoption is stimulated by the region's substantial consumer base, as well as the robust manufacturing capabilities and technological advancements of countries such as China, Japan, and South Korea.

The current report Scope analyzes Time of flight Sensor Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com

• North America (United States, Canada, Mexico)
• Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Netherlands, Switzerland, Belgium)
• Asia-Pacific (China, Japan, Korea, India, Australia, Philippines, Singapore, Malaysia, Thailand, Indonesia, Rest of APAC)
• South America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America)
• Middle East and Africa (Saudi Arabia, Turkey, Nigeria, UAE, Egypt, South Africa, GCC Countries, Rest of MEA)

The above graph is for illustrative purposes only.

North America Time of flight Sensor Market

According to Cognitive Market Research, the global Time of Flight Sensor market size was estimated at USD 2965.6 Million, out of which North America held the major market share of more than 40% of the global revenue with a market size of USD 1186.24 million in 2024 and will grow at a compound annual growth rate (CAGR) of 15.4% from 2024 to 2031.

• According to Cognitive Market Research, the US had a major share in the Time of Flight Sensor market with a market size of USD 935.94 million in 2024 and is believed to grow at a CAGR of 15.2% during the projected period. The nation's advancements in Advanced Driver Assistance Systems (ADAS) and autonomous vehicles.
• The Canada Time of Flight Sensor market had a market share of USD 142.35 million in 2024 and is believed to grow at a CAGR of 16.2% during the projected period. Canada's increasing the utilization of ToF sensors in industrial automation and robotics.
• The Mexico Time of Flight Sensor market is believed to see growth at a CAGR of 15.9% during the projected period, with a market size of USD 107.95 million in 2024.

Europe Time of flight Sensor Market

According to Cognitive Market Research, the global Time of Flight Sensor market size was estimated at USD 2965.6 Million, out of which Europe held the market share of more than 30% of the global revenue with a market size of USD 889.68 million in 2024 and will grow at a compound annual growth rate (CAGR) of 15.7% from 2024 to 2031.

• The United Kingdom Time of Flight Sensor market had a market share of USD 149.47 million in 2024 and is believed to grow at a CAGR of 16.5% during the projected period. In the UK, Time of Flight Sensor sales see an upswing due to the increasing adoption of ToF sensors in healthcare for applications like patient monitoring and medical imaging.
• The France Time of Flight Sensor market is believed to see growth at a CAGR of 14.9% during the projected period, with a market size of USD 81.85 million in 2024.
• According to Cognitive Market Research, the German Time of Flight Sensor market size was valued at USD 176.16 million in 2024 and is believed to grow at a CAGR of 15.9% during the projected period. In Germany, robust automotive industry that employs ToF sensors for autonomous driving technologies and advanced driver assistance systems (ADAS).
• The Italy Time of Flight Sensor market is believed to see growth at a CAGR of 15.1% during the projected period, with a market size of USD 76.51 million in 2024.
• The Russia Time of Flight Sensor market is believed to see growth at a CAGR of 14.7% during the projected period, with a market size of USD 137.90 million in 2024.
• The Spain Time of Flight Sensor market is believed to see growth at a CAGR of 14.8% during the projected period with a market size of USD 72.95 million in 2024
• The Luxembourg Time of Flight Sensor market is believed to see growth at a CAGR of 15.8% during the projected period, with a market size of USD 27.58 million in 2024.
• The Portugal Time of Flight Sensor market is believed to see growth at a CAGR of 15.5% during the projected period, with a market size of USD 18.68 million in 2024.
• The Greece Time of Flight Sensor market is believed to see growth at a CAGR of 16.0% during the projected period, with a market size of USD 10.68 million in 2024.
• Rest of Europe's Time of Flight Sensor market is believed to see growth at a CAGR of 14.4% during the projected period, with a market size of USD 137.90 million in 2024.

Asia Pacific Time of flight Sensor Market

According to Cognitive Market Research, the global Time of Flight Sensor market size was estimated at USD 2965.6 Million, out of which Asia Pacific held the market share of around 23% of the global revenue with a market size of USD 682.09 million in 2024 and will grow at a compound annual growth rate (CAGR) of 19.2% from 2024 to 2031.

• According to Cognitive Market Research, the China Time of Flight Sensor market size was valued at USD 306.94 million in 2024 and is believed to grow at a CAGR of 18.7% during the projected period. Time of Flight Sensor surged in China due to the rapid progress in industrial automation and smart manufacturing.
• The Japan Time of Flight Sensor market is believed to see growth at a CAGR of 17.7% during the projected period, with a market size of USD 94.13 million in 2024.
• The India Time of Flight Sensor market had a market share of USD 81.85 million in 2024 and is believed to grow at a CAGR of 21.0% during the projected period. India's increasing the use of ToF sensors in consumer electronics to improve the user experience in smartphones and gaming devices.
• The South Korean Time of Flight Sensor market is believed to see growth at a CAGR of 18.3% during the projected period, with a market size of USD 68.21 million in 2024.
• The Australian Time of Flight Sensor market is believed to see growth at a CAGR of 18.9% during the projected period, with a market size of USD 35.47 million in 2024.
• The South East Asia Time of Flight Sensor market is believed to see growth at a CAGR of 20.2% during the projected period, with a market size of USD 47.06 million in 2024.
• The Rest of Asia Pacific Time of Flight Sensor market is believed to see growth at a CAGR of 19.0% during the projected period, with a market size of USD 48.43 million in 2024.

South America Time of flight Sensor Market

According to Cognitive Market Research, the global Time of Flight Sensor market size was estimated at USD 2965.6 Million, out of which Latin America held the market share of around 5% of the global revenue with a market size of USD 148.28 million in 2024 and will grow at a compound annual growth rate (CAGR) of 16.6% from 2024 to 2031. .

• According to Cognitive Market Research, the Brazil Time of Flight Sensor market size was valued at USD 63.46 million in 2024 and is believed to grow at a CAGR of 17.2% during the projected period. Time of Flight Sensors flourished in Brazil due to a rise in the use of ToF sensors in infrastructure development and smart city initiatives.
• Argentina's Time of Flight Sensor market had a market share of USD 24.91 million in 2024 and is believed to grow at a CAGR of 17.5% during the projected period. Argentina's increasing demand for ToF sensors in agricultural technology to improve precision farming and crop monitoring.
• Colombia Time of Flight Sensor market is believed to see growth at a CAGR of 16.4% during the projected period, with a market size of USD 13.20 million in 2024.
• Peru Time of Flight Sensor market is believed to see growth at a CAGR of 16.8% during the projected period, with a market size of USD 12.16 million in 2024.
• Chile Time of Flight Sensor market is believed to see growth at a CAGR of 16.9% during the projected period, with a market size of USD 10.68 million in 2024.
• The Rest of Latin America's Time of Flight Sensor market is believed to see growth at a CAGR of 15.7% during the projected period, with a market size of USD 23.87 million in 2024.

Middle East and Africa Time of flight Sensor Market

According to Cognitive Market Research, the global Time of Flight Sensor market size was estimated at USD 2965.6 Million, out of which the Middle East and Africa held the major market share of around 2% of the global revenue with a market size of USD 59.31 million in 2024 and will grow at a compound annual growth rate (CAGR) of 16.9% from 2024 to 2031..

• The GCC Countries Time of Flight Sensor market is believed to see growth at a CAGR of 17.7% during the projected period, with a market size of USD 25.39 million in 2024. Time of Flight Sensor sales flourish due to the escalating investments in infrastructure development and smart city initiatives.
• The Egypt Time of Flight Sensor market is believed to see growth at a CAGR of 17.2% during the projected period, with a market size of USD 6.23 million in 2024.
• The South Africa Time of Flight Sensor market is believed to see growth at a CAGR of 17.9% during the projected period, with a market size of USD 9.37 million in 2024. Time of Flight Sensor sales flourish in South Africa due to increasing utilization of ToF sensors in resource management and mining to improve safety and efficiency.
• The Turkey Time of Flight Sensor market is believed to see growth at a CAGR of 16.4% during the projected period, with a market size of USD 5.10 million in 2024.
• The Nigeria Time of Flight Sensor market is believed to see growth at a CAGR of 16.0% during the projected period, with a market size of USD 6.23 million in 2024.
• The Rest of MEA Time of Flight Sensor market is believed to see growth at a CAGR of 15.9% during the projected period, with a market size of USD 7.00 million in 2024.

Time of flight Sensor Market Analysis

Time of Flight Sensor Market Product Type Segment Analysis

According to Cognitive Market Research, Direct Tof Sensors stands out as the dominant category over the projected period. Their capacity to deliver rapid response times and highly precise distance measurements is the primary factor driving the market. This technology is indispensable in applications such as precision measurement instruments and LiDAR systems for autonomous vehicles. The adoption of direct sensors is being driven by the growing demand for precise environment mapping and obstacle detection in autonomous driving, as well as advancements in sensor technology, which are fostering their growth in a variety of high- precision applications.

Indirect Tof Sensorse merges as the fastest-growing category in the Time of Flight Sensor market. They cast light patterns onto things and analyze distortions to acquire comprehensive 3D data, propelling the industry. This is essential for 3D scanning, face recognition, and gesture control. New structured light technologies and the growing usage of 3D imaging in industrial automation, robotics, and consumer electronics boost demand for these sensors.

The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Time of flight Sensor Industry. Request a Free Sample PDF!

Time of Flight Sensor Market Display Resolution Segment Analysis

According to Cognitive Market Research, the dominant category is Quarter-QVGA (QQVGA). Their cost-effectiveness and performance for non-ultra-precision applications benefit the market. These sensors are utilized for gesture recognition, presence detection, and object tracking. Their price and suitability for entry-level applications encourage their acceptance in consumer electronics and low-end industrial applications, driving market growth.

The fastest-growing category in the Time of Flight Sensor market is Video Graphics Array (VGA). Demand for comprehensive and accurate 3D imaging in advanced robotics, autonomous cars, and high-quality depth sensing drives market expansion. They are vital for high-fidelity and performance applications because they can record tiny details and exact measurements.

The above Graph is for representation purposes only. This chart does not depict actual Market share.

Time of flight Sensor Application Segment Analysis

Time of Flight Sensor Market Application Segment Analysis

According to Cognitive Market Research, the dominant category is LIDAR due to its importance in autonomous cars, terrain mapping, and environmental monitoring. Self-driving vehicles, urban planning, and natural catastrophe assessment need high-resolution 3D mapping and accurate distance measurements from LiDAR sensors. Improved precision, range, and cost-effectiveness in LiDAR technology, together with rising expenditures in autonomous systems and smart city infrastructure, are driving its rise in different sectors.

The fastest-growing category in the Time of Flight Sensor market is AR and VR due to rising demand for immersive gaming, entertainment, and virtual meetings. To create realistic and dynamic experiences, ToF sensors provide accurate depth information that improves AR and VR accuracy and responsiveness.

• AR and VR
• LIDAR
• Machine Vision
• Robotics & drone
• Others

Time of flight Sensor End-User Segment Analysis

Time of Flight Sensor Market End User Segment Analysis

According to Cognitive Market Research, the dominant category is Consumer Electronics. Desktop and mobile computers may employ TOF sensors as input devices. The consumer electronics industry uses it as a 3D sensor and range camera. Besides object scanning, interior navigation, obstacle avoidance, gesture recognition, object tracking, and responsive altimeters, a ToF camera sensor calculates distance and volume. Sensor data enhances 3D imaging and AR. Smartphones with ToF cameras can take 3D, AR, and portrait photos.

The fastest-growing category in the Time of Flight Sensor market is Industrial. Using infrared light signals from cameras, the device monitors call return time and estimates depth. They are preferred in industrial applications because they can accurately measure distances with one laser pulse. Due to its precision, ToF sensors are employed in many disciplines and everyday applications, including cellphones.

• Consumer Electronics
• Industrial
• Automotive
• Gaming and Entertainment
• Others

Author's Detail

Kalyani Raje

Senior Research Analyst at Cognitive Market Research

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An optimistic Senior Research Analyst with years of experience in competitive assessment and business consulting. A seasoned professional and subject-matter expert (SME) in the Automobile and transportation vertical.

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