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Time-of-Flight (ToF) Sensor Market Trends

  • Report ID: GMI10870
  • Published Date: Aug 2024
  • Report Format: PDF

Time-of-Flight Sensor Market Trends

The market is experiencing a notable uptick in demand, primarily fueled by the swift embrace of 3D imaging and sensing technologies across diverse sectors. A prominent trend is the incorporation of ToF sensors in consumer electronics, especially smartphones and AR or VR devices. For instance, in June 2024, Samsung will unveil a new Time-of-Flight (ToF) sensor for AR or VR headsets at VLSI 2023, featuring an on-chip Image Signal Processor (ISP) and capable of measuring distances up to 5 meters at 60fps with low power consumption. This sensor supports Samsung’s efforts to advance the XR ecosystem in collaboration with Qualcomm and Google. As manufacturers push the envelope of innovation, ToF sensors are cementing their status as essential tools for advanced user interactions, solidifying their place in the next wave of consumer devices.
 

In the automotive industry, ToF sensors are central to the evolution of autonomous vehicles and advanced driver assistance systems (ADAS). These sensors are used for their precise distance measurement and real-time object detection capabilities which makes them vital for functions such as collision avoidance, pedestrian detection, and parking assistance. Companies such as Tesla and Waymo are investing heavily in ToF sensor technology to improve the safety and efficiency of their autonomous driving systems. With the momentum towards fully autonomous driving gaining steam, the automotive sector's reliance on accurate sensing technologies, particularly ToF sensors, is poised to surge, spurring further innovations and broader adoption.
 

Industrial automation and robotics are witnessing a burgeoning trend with the rising application of ToF sensors. As smart manufacturing and the Industrial Internet of Things (IIoT) gain traction, ToF sensors are enhancing machine vision. This advancement allows robots and automated systems to engage more adeptly with their surroundings. By offering crucial in-depth information, these sensors elevate the precision and efficacy of tasks such as object detection, sorting, and navigation. For instance, in January 2024, Infineon launched a new hybrid Time-of-Flight (hToF) sensor with enhanced depth sensing capabilities for next-generation smart robots, integrating iToF flood illumination with dToF long-range spot data. This compact sensor reduces costs and improves navigation and obstacle avoidance for advanced robotic applications. As industries lean into automation for heightened productivity and cost savings, the role of ToF sensors in industrial applications is set to broaden, fueling the market's expansion.

Authors: Suraj Gujar, Saptadeep Das

Frequently Asked Questions (FAQ) :

Global time-of-flight (ToF) sensor industry was valued at USD 5.5 billion in 2023 and is anticipated to register over 15% CAGR between 2024 and 2032, driven by growth in augmented reality (AR) and virtual reality (VR) markets.

The consumer electronics segment is expected to reach USD 6.4 billion by 2032 due to the integration of ToF sensors into smartphones, tablets, and AR or VR devices.

North America time-of-flight (ToF) sensor market accounted 38% revenue share in 2023, fueled by robust demand across sectors such as consumer electronics, automotive, and industrial automation.

Texas Instruments Inc., STMicroelectronics N.V., Infineon Technologies AG, Sony Corporation, Panasonic Corporation, ams AG, and Melexis NV.

Time-of-Flight (ToF) Sensor Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 20
  • Tables & Figures: 512
  • Countries covered: 21
  • Pages: 550
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