Time-of-Flight (ToF) Sensor Market: Emerging Innovations and Industry Trends

ToF sensors measure the time taken by a wave pulse to travel through a medium right from its emission to its reflection from an object, and its return to the ToF sensor. A ToF camera sensor can be used to measure the distance and the volume of the target. Also, it finds applications in object scanning and tracking, indoor navigation, obstacle avoidance, gesture recognition, and reactive altimeters. Data generated from the ToF sensor can also help in 3D imaging and improving augmented reality (AR) experiences. In smartphones, ToF camera sensors are likely to be used for 3D photography and AR.

We expect the ToF sensor market to grow from USD 2.8 billion in 2020 to USD 6.9 billion by 2025, at a CAGR of 20.0%. Increasing demand for ToF sensors in the automotive industry and growing adoption of 3D cameras in smartphones are the main drivers of market growth.. The increasing adoption of 3D machine vision systems in various industries and growing deployment of Industry 4.0 are likely to provide major opportunities for the ToF sensor market.

I expected 3D imaging and scanning application to hold the largest share of the ToF sensor market during the forecast period. 3D imaging provides visual effects that generate a perception of the depth of an object, and viewers get an enriched 360-degree viewing experience of the image. 3D scanning technology is used to capture a 3D model of an object. Depth-sensing technology is utilized to capture the area and dimensions of an object with precision. This mapped data can serve designing purposes.. In the coming years, the demand for 3D scanning technology would increase due to the ease of usage. Moreover, due to the low cost, the demand for time-of-flight technology will increase for 3D imaging and scanning application.

Ask for PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=264466295

The consumer electronics vertical is the largest adopter of ToF sensors. The increasing use of 3D ToF camera sensors in smartphones, tablets, cameras, and so on to provide superior picture quality is expected to drive the ToF sensor market for the consumer electronics vertical.

I expected the ToF sensor market in APAC to grow at the highest CAGR during the forecast period. I expect the growth of the market in APAC to be driven by the consumer electronics and automotive verticals in the region. In the consumer electronics vertical, we used ToF sensors in smartphones and tablets, cameras, computers, and wearable electronics. I expect the demand for ToF sensors to increase with the growing deployment of advanced cameras with depth sensing and 3D imaging capabilities in smartphones.

Related Reports:

Time-of-Flight (ToF) Sensor Market by Resolution (QQVGA, HQVGA, QVGA, & VGA), Application (Augmented Reality & Virtual Reality, LIDAR, Machine Vision, 3D Imaging & Scanning, and Robotics & Drone), Product Type, Vertical and Geography — Global Forecast to 2025

Contact:
Mr. Shelly Singh
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1–888–600–6441
sales@marketsandmarkets.com

Comments

Post a Comment

Popular posts from this blog

Smart Beacon Market: Key Market Developments and Innovations in 2023

This report delves into the segmentation of the smart beacon market, focusing on criteria such as beacon standard, connectivity type, offering, end use, and geographical distribution. The overall valuation of the smart beacon market is anticipated to reach USD 19,805.5 Million by 2023, with a notable compound annual growth rate (CAGR) of 56.2% spanning from 2017 to 2023. This impressive growth trajectory is propelled by the widespread adoption of smartphones and a heightened emphasis on leveraging business intelligence for competitive advantages. Smart beacons, also referred to as Bluetooth Low Energy (BLE) beacons, function as proximity sensors that transmit signals utilizing Bluetooth technology. When Bluetooth-enabled devices, such as smartphones or tablets, come within range of these beacons, they activate corresponding applications on the devices, prompting specific actions associated with the beacon signal. Leading players in this market, including Estimote (US), Aruba (A Hewlet
Read more

IoT Sensors Market Analysis Business Opportunity, Growth Factors, and Future Prospects until 2027

The IoT sensors market is expected to grow from USD 8.4 billion in 2021 to USD 29.6 million by 2026; it is expected to grow at a CAGR of 28.6% during 2021–2026. Increasing use of sensors in IoT applications due to cost and size reduction, and technological advancement, and Introduction of 3GPP Release 13 and Release 14 specifications are the key factors driving the growth of the IoT sensors market. The Growth of Internet penetration rate and High demand for connected and wearables devices are factors propelling the growth of the IoT sensors market. Major players in the IoT sensors market include Texas Instruments (US), TE Connectivity (Switzerland), Broadcom (US), NXP Semiconductors (Netherlands), STMicroelectronics (Switzerland), Bosch Sensortec (Germany), TDK (Japan), Infineon Technologies (Germany), Analog Devices (US), Omron (Japan). These players have adopted various growth strategies, such as product launches, expansions, acquisition, collaborations, agreements, and partnerships
Read more

Hardware Security Modules Market Size, Share, Growth Drivers, Global Industry Analysis

The hardware security modules market size is projected to grow from USD 1.2 billion in 2023 to reach USD 2.3 billion by 2028; it is expected to grow at a Compound Annual Growth Rate (CAGR) of 13.5% from 2023 to 2028. The growth of the hardware security modules market is driven by increasing data breaches and cyberattacks, need to follow stringent data security compliances, and emergence of digital transactions, electronic payments leading to rise in the need for protecting sensitive financial data. Securing the Future : Hardware Security Modules Market Overview As digital transactions and data storage become the backbone of modern business, the need for robust security measures has never been more pronounced. The Hardware Security Modules Market plays a pivotal role in fortifying the digital landscape against cyber threats, ensuring the confidentiality and integrity of sensitive information. Hardware Security Modules Market Size, Share, and Statistics: Understanding the Landscape At t
Read more