The global time-of-flight (ToF) sensor market size was valued at USD 3.28 Billion in 2022. 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, ease of use will increase the demand for 3D scanning technology. Time-of-flight is an active 3D imaging and scanning technology that is expected to form a new trend in TOF sensor demand along with biometric authentication. Secure authentication or payment by facial recognition incorporating a time-of-flight sensor is necessary in today's world for security purposes. At CES 2020, companies like Infineon are collaborating with software and 3D Time of Flight systems specialist PMD Technologies AG to showcase 3D depth sensors for biometric face authentication and enhanced photo capabilities in smart devices.
Growing adoption of machine vision systems across various industries is driving the market growth. More general machine vision applications require highly stable and reliable sensory systems. ToF cameras increase the robustness and flexibility of many surveillance, inspection and logistics systems by providing reliable depth data sets. Applications such as automated materials handling (AMH) systems operate at moderate distances of 1 to 3 meters and require more accurate measurements of around 1 to 5 mm. The preference for single-pixel ToF imagers is being heavily adopted for full-field imagers that are cascaded through modulation elements and integrated into correlated ToF architectures. Sony's DepthSense sensors in machine vision cameras are expected to lead the market, presenting new opportunities.
Growing demand for smartphones with 3D cameras is driving the market. ToF cameras are becoming an increasingly common feature on smartphones. According to Huawei, the 3D camera market is expected to grow at a CAGR of 45.6% from 2017 to 2026. A camera consists of a sensor that uses a small laser to fire infrared light. This light reflects off any object or person in front of the camera and returns to the sensor. There are also various potential applications for accurate depth mapping on smartphones. For example, LG combines a time-of-flight (ToF) sensor with an 8-megapixel front-facing camera to provide secure biometric identification that reads the vein pattern in your hand and creates a Bokeh effect via facial unlock. Growing demand for 3D cameras significantly boosts the growth of TOF sensors.
Time Of Flight Tof Sensors Market size, estimates and forecasts are provided in terms of sales volume (K units) and revenue (million USD), with historical and forecast data for the period 2017 to 2030, with 2022 being considered as the base year. This report segments the global Time Of Flight Tof Sensors Market in detail. Regional market sizes related to products by type, by application, and by player are also delivered. In estimating the size of the market, we took into account the impact of COVID-19 and the Russian-Ukraine war.
Key Market Updates:
- August 2022 - Berlin-based startup Industrial Analytics is acquired by Infineon Technologies AG. Infineon is strengthening its artificial intelligence software and services business to perform predictive analytics on machinery and industrial equipment. Infineon is acquiring all outstanding shares. The value of the transaction is not disclosed by agreement between the parties.
- September 2022 - Surgical endoscopy systems with 4K, 3D, infrared (IR) imaging of the stomach and surgical visualization capabilities such as NBI were developed by Sony Corporation, Olympus Corporation, and a joint venture between Sony and Sony Olympus Medical Solutions Inc. . Olympus, three companies announced today (Narrow Band Imaging). After September 2022, Olympus will sell this system as "VISERA ELITE III" in Europe, Middle East and Africa (EMEA) and select regions of Asia, Oceania and Japan.
Major Market Segments Covered in Time Of Flight Tof Sensors Market Industry Research:
Market Key Players:
Texas Instruments, STMicroelectronics, PMD Technologies, Infineon, PrimeSense (Apple), MESA (Heptagon), Melexis, Intersil, Canesta (Microsoft), Espros Photonics, TriDiCam, Broadcom Limited, And Others.
- RF-Modulated Light Sources
- Range Gated Imagers
- Direct Time-Of-Flight Imagers
- Smart Advertising
Asia Pacific is the most significant shareholder in the global flight hours market and is projected to grow at a CAGR of 18.26% during the forecast period. As a result of the large number of manufacturing facilities and brands for consumer electronics and smartphones, China is expected to hold the majority of the ToF sensor market. By 2022, China is projected to be the global leader in AI technology, with a significant portion of its expanding sector expected to adopt AI-powered cameras. R&D and investments in factory automation and technology are encouraged by Chinese government initiatives such as the Made in China 2025 initiative. The “Made in China” initiative seeks to increase domestic production of automation equipment as most of it is imported from other countries.
North America is projected to generate USD 3.7 billion, growing at a CAGR of 17.04% during the forecast period. The United States is one of the most technologically developed countries and controls a significant portion of the global TOF sensor market. The country is also home to many major multinational companies investing heavily in smart production methods and process automation, which are important factors fueling the expansion of the TOF sensor market. New product development by local suppliers is recognized as a regional growth. The area is consistently state-of-the-art. Direct Time-of-Flight (ToF) technology, for example, is expected to be included in next-generation iPhone models and could replace the current Face ID component. Therefore, the space required for the notch should be reduced due to this.
Europe is one of the world's largest automotive markets, and very few high-tech new cars are sold without safety features such as ADAS. Many German automakers are investing in Taiwan's semiconductor sector to advance their technology. By 2021, the total ADAS market in Europe is projected to be around $5.56 billion, with Germany likely to account for a significant portion of this figure. Today's safety requirements, comfort requirements, and developments in autonomous driving are rapidly expanding the in-vehicle use cases for ToF technology, so these cases are likely to propel the domestic market growth. To increase their market share and product development, many German market suppliers are also implementing various growth strategies such as acquisitions and collaborations.
In Latin America, manufacturing and automotive industries are driving ToF demand in the region. Regional automation and Industry 4.0 initiatives drive demand for machine vision technology. The Brazilian government wants 15% of industrial estates to follow Industry 4.0 within 15 years. MDIC said Brazil's policy exempts import tax on collaborative robots used in industry to support Industry 4.0. The Association for Advancing Automation (A3) established A3 Mexico to support robotics in Mexico's expanding manufacturing sector. These initiatives drive ToF demand due to the large automotive market in the region. NAFTA trade between North America and Mexico benefits the region's automotive industry.
The Middle East and Africa will have the lowest demand for ToF sensors due to lack of semiconductor and electronics manufacturing. Demand for ToF sensors is at its tightest, and Industry 4.0 initiatives are driving demand for ToF sensors in current and future manufacturing facilities. The UAE is strengthening its manufacturing sector by adopting innovative technologies. Mobilis (Modern Bionic Limb Solutions) opens a smart factory in Dubai to manufacture orthoses and prostheses. The factory is expected to use robotics, IoT and cloud computing. A manufacturing company in the United Arab Emirates is interested in deploying a smart solution to monitor machines installed at client sites that may require ToF sensors. Saudi Arabia is expected to lead in factory automation due to government investment in cutting-edge technology. Manufacturing and automation of the future will rely heavily on Industry 4.0.
- North America
- Rest of North America
- Nordic Countries
- Benelux Union
- The Netherlands
- Rest of Europe
- South Korea
- Southeast Asia
- Rest of Southeast Asia
- Rest of Asia-Pacific
- The Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of the Middle East & Africa
- Latin America
- Rest of Latin America
Significant Market Dynamics:
Growing use of machine vision systems in various industries
With ToF, the camera transmits an infrared signal, measures how long it takes for that signal to return, and then uses that data to determine depth. ToF cameras and sensors can precisely measure distance with a single laser pulse. Due to their accuracy, ToF camera sensors have become widespread across industries and general applications. Because ToF cameras can measure distance and volume, they are advantageous for enhancing 3D imaging and augmented reality experiences. Object scanning, indoor navigation, gesture recognition and obstacle avoidance processes can all be improved using 3D ToF imaging technology. 3D ToF imaging technology has a promising future due to its advantages.
Growing demand for smartphones with 3D cameras
ToF cameras use time-of-flight technology, which measures the round-trip time of an artificial light signal generated from a laser or LED to calculate the distance between the camera and the subject for each image point. Companies can implement structured lighting technology in their smartphones' front-facing cameras to enable accurate and secure facial recognition applications. Adding a ToF camera to the phone's rear camera for better portrait mode and AR applications can help measure medium-to-long-range 3D imaging more accurately. Additionally, ToF camera sensors are and will be an important component of modern flagship smartphones today.
ToF sensors have many uses and come with some drawbacks. Due to the possibility of light being reflected more than once when using ToF sensors in corners and concave shapes, these features can create unwanted reflections and affect measurement accuracy. Because ToF sensors require light to be brought in only once for their size, highly reflective surfaces in close proximity can cause artifacts and unwanted reflections. ToF cameras can be tricky to use in bright sunlight. This is because intense sunlight can soon saturate the sensor pixels and prevent them from detecting light reflected from objects.
Increasing use of premium smartphones
The high-end smartphone market, with growing demand for 3D face mapping for features such as face unlock on phones, is adopting Time-of-Flight (ToF) camera sensors. For example, in the Honor View 2.0 model, the 48-megapixel sensor and ToF camera work together to optimize portrait mode photos. Honor is a smartphone brand owned by Huawei Technologies. Smartphone manufacturers such as LG and Samsung are incorporating technology that enhances the depth perception of cell phone cameras. Both the front and rear cameras are equipped with ToF sensors. Samsung's new ISOCELL Vizion 33D is a ToF 3D sensor that can track moving objects and provide accurate distance information with faster autofocus and video bokeh. As this technology becomes more widely used, manufacturers such as Infineon Technology and Sony Corporation are lining up their products to take advantage of this opportunity.
Adopting patient monitoring in healthcare
The healthcare sector is increasingly moving towards digitization in order to reduce the possibility of human error and make the most of currently available facilities and conditions. The Institute of Engineering Technology and Technology argues that the development of time-of-flight-based LiDAR technology is becoming a future trend for patient monitoring systems, especially for fall detection. ToF sensor manufacturers are focusing on making this potential trend a reality to capitalize on market opportunities in the medical sector. For example, in October 2020, Omron launched a 3D time-of-flight sensor module that supports patient monitoring systems, especially in aged care systems.
Time Of Flight Tof Sensors Market report scope:
Key Takeaways from this Time Of Flight Tof Sensors Market Report
- Estimate Time Of Flight Tof Sensors Market potential through analyzing growth rates (CAGR %), Volume (Units) and Value ($M) data given at country level - for product types, applications and by different industry verticals.
- Understand the supply chain in depth on the value growth at each step, in order to optimize value and bring effectiveness in your processes.
- Know the different dynamics affecting the market - challenges, key driving factors and opportunities.
- Get a quick viewpoint on the Time Of Flight Tof Sensors Market entropy - M&A's, deals, partnerships, product launches of all key companies for the historical 5 years.
- Estimate the supply-demand gaps, import-export data and regulatory landscape for more than top 20 countries worldwide for the market.
- Get complete insights on your competitor performance - market shares, strategies, financial benchmarking, product benchmarking, SWOT and more.
- Study the sales and distribution channels over key geographies to improve top-line revenues.
Frequently Asked Questions-
What is the CAGR of Time Of Flight Tof Sensors Market?
The Time Of Flight Tof Sensors Market is growing at a CAGR of 17.44% During Forecast Period.
What are the key types of Time Of Flight Tof Sensors Market?
RF-Modulated Light Sources, Range Gated Imagers, Direct Time-Of-Flight Imagers
What are the key applications of Time Of Flight Tof Sensors Market?
Automotive, Industrial, Healthcare, Smart Advertising, Entertainment
Who are the key players in Time Of Flight Tof Sensors Market?
Texas Instruments, STMicroelectronics, PMD Technologies, Infineon, PrimeSense (Apple), MESA (Heptagon), Melexis, Intersil, Canesta (Microsoft), Espros Photonics, TriDiCam, Broadcom Limited, And others.