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

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Report Code TIPRE00022354   No. of
Pages 161   Category Electronics and
Semiconductor 

• Time-of-Flight Sensor Market Size, Growth,
  Industry Analysis By Forecast 2028

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• Time-of-Flight Sensor Market Insights

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.
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• MARKET SEGMENTATION

MARKET SEGMENTATION
Global Time-of-Flight Sensor Market By Device
Type RF-Modulated Light Sources With Phase
Detectors, Range-Gated Imagers, Direct
Time-of-Flight Imagers Global Time-of-Flight
Sensor Market By Vertical Automotive, Consumer
Electronics, Gaming and Entertainment, Industrial,
Healthcare, Aerospace and Defense
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• REGIONAL INSIGHTS

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. The
time-of-flight sensor market growth in North
America is attributed to the increasing demand
for time-of-flight (ToF) sensors in automotive
and consumer electronics applications. According
to the American Automotive Policy Council (AAPC),
the automotive industry in the US accounts for
about 3 of the country's GDP. The ToF technology
provides accurate and robust depth-sensing
capabilities for a wide range of automotive
applications within and beyond the vehicle.
Inside the vehicle, the time-of-flight technology
provides safety and comfort to the driver and
passengers. A few safety functions provided by
the ToF camera are NCAP-mandated driver fatigue
detection, hands-on-wheel detection, body pose,
eye gaze, head pose, and advanced seat-belt
application. The safety function of the
time-of-flight sensor helps prevent road
accidents. Thus, owing to the rising awareness
about safety functions, the demand for vehicles
incorporated with the ToF camera is increasing in
the North American market.
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• REGIONAL INSIGHTS

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• Key findings of the study

The market players present in the
Time-of-Flight Sensor market are mainly focusing
on strategic partnerships through collaborations.
By signing a partnership across North America, it
permits the company to maintain its brand name
globally. For instance, in 2018, Servicewhale
Bradford White teamed up to improve the shopping
way for homeowners in plumbing/HVAC contractor
services. The partnership would enable Bradford
White installing contractors to deliver real
custom quotes to homeowners shopping for water
heater replacements automatically online.   Some
of the other notable players in the global
Time-of-Flight Sensor market include A. O. Smith
Corporation, Ariston Thermo Group SpA, Bosch
Group, Bajaj Electricals Ltd, Haier Smart Home
Co., Ltd, Midea Group Co., Ltd, Siemens AG,
Viessmann Werke GmbH Co. KG, and Whirlpool
Corporation, among others.
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• REPORT HIGHLIGHTS

• Our report on Accounting Software Market cover
  following key parameters
• Comprehensive market analysis at global, regional
  and country level
• Detailed PEST (Political, Economic, Social and
  Technological) factors impacting the market
  across key geographic regions such as North
  America, Europe, Asia Pacific, Middle East
  Africa, and South America
• Market dynamics (drivers, restraints,
  opportunities, and future trends) and impact
  analysis of drivers and restraints at short-term,
  mid-term and long-term
• Market size and forecasts in terms of revenue
  2018 (historic), 2019 (base year), 2019 27
  (forecast period)
• In-depth market segmentation and deep dive
  regional and country level analysis of 18
  countries across 5 key regions
• Key company profiles and industry landscape to
  provide latest market initiatives and competitive
  landscape
• Impact of COVID19 pandemic on ecosystem and the
  market

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• REPORT HIGHLIGHTS

The Insight Partner's dedicated research and
analysis team consist of experienced
professionals with advanced statistical expertise
and offer various customization options in the
existing study.
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