The global time-of-flight (ToF) sensor market size was valued at USD 3.28 billion in 2021. It is expected to reach USD 13.93 billion by 2030, growing at a CAGR of 17.44% during the forecast period (2022–2030).
Time Of Flight (TOF) Sensors Market Overview
In the coming years, the demand for 3D scanning technology would increase due to the ease of usage. Time-of-flight is an active type of 3D imaging and scanning technology, and with biometric authentication, it is expected to form a new trend in the demand of the TOF sensor. The secured authentication or payment by facial recognition integrating the time of flight sensors is a necessity in today’s world for security purposes. A player such as Infineon is showcasing at CES 2020 its 3D depth sensors for biometric facial authentication and enhanced photo capabilities on smart devices, in partnership with software and 3D Time of Flight system specialist PMD Technologies AG.
Global Time Of Flight (TOF) Sensors Market Size, Status, and Forecast 2022-2030. In-depth research accumulated to offer Latest insights about acute features of the global Time Of Flight (TOF) Sensors market. This report provides a detailed overview of key factors in the Time Of Flight (TOF) Sensors Market and factors such as driver, restraint, past and current trends, regulatory scenarios and technology development. The impact of the COVID-19 outbreak on the industry was fully assessed. Fully risk assessment and industry recommendations were made for Time Of Flight (TOF) Sensors in a special period. This report also compares the markets of Pre COVID-19 and Post COVID-19. In addition, research considers the impact of COVID-19 on the regional economy.
August 2022- Industrial Analytics, a startup based in Berlin, was purchased by Infineon Technologies AG. Infineon is enhancing its artificial intelligence software and services business in order to perform predictive analysis on machinery and industrial equipment. Infineon is acquiring all outstanding shares of the business. The transaction’s value will not be disclosed per an agreement between the parties.
Some of the key players profiled in the study are
Texas Instruments, STMicroelectronics, PMD Technologies, Infineon, PrimeSense (Apple), MESA (Heptagon), and Others.
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Segmented by Type:
RF-Modulated Light Sources, Range Gated Imagers, Direct Time-Of-Flight Imagers
Segmented by Application:
Application I, Application II, Application III
Region Included are: North America, Europe, Asia Pacific, Oceania, South America, Middle East & Africa
Country Level Break-Up: United States, Canada, Mexico, Brazil, Argentina, Colombia, Chile, South Africa, Nigeria, Tunisia, Morocco, Germany, United Kingdom (UK), the Netherlands, Spain, Italy, Belgium, Austria, Turkey, Russia, France, Poland, Israel, United Arab Emirates, Qatar, Saudi Arabia, China, Japan, Taiwan, South Korea, Singapore, India, Australia and New Zealand etc.
Asia-Pacific is the most significant shareholder in the global time-of-flight market and is expected to grow at a CAGR of 18.26% during the forecast period. As a result of many manufacturing facilities and brands for consumer electronics and smartphones, China is predicted to hold most of the market for ToF sensors. By 2022, China is anticipated to be a global leader in AI technologies, and a sizable portion of the expanding sector is expected to employ AI-based cameras. The R&D in factory automation and technologies, as well as the investments made in it, are encouraged by Chinese government initiatives like the Made in China 2025 plan. The “Made in China” initiative seeks to increase domestic production of automation equipment because most of it is imported from other nations.
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Table of Content of Time Of Flight (TOF) Sensors Market:
1: Introduction, market driving force product Objective of Study and Research Scope the Global Time Of Flight (TOF) Sensors market (2022-2028).
2: Exclusive Summary – the basic information of the Global Time Of Flight (TOF) Sensors Market.
3: Changing Impact on Market Dynamics- Drivers, Trends and Challenges & Opportunities of the Global Time Of Flight (TOF) Sensors; Post COVID Analysis.
4: Presenting the Global Time Of Flight (TOF) Sensors Market Factor Analysis, Post COVID Impact Analysis, Porters Five Forces, Supply/Value Chain, PESTEL analysis, Market Entropy, Patent/Trademark Analysis.
5: Displaying the by Type, End User and Region/Country 2018-2022.
6: Evaluating the leading manufacturers of the Global Time Of Flight (TOF) Sensors Market which consists of its Competitive Landscape, Peer Group Analysis, BCG Matrix & Company Profile.
7: To evaluate the market by segments, by countries and by Manufacturers/Company with revenue share and sales by key countries in these various regions (2022-2028).
… To be continued
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