Time-of-Flight Sensor Market is expected to reach US$ 8,426.63 million by 2028

2023-02-03 00:36:42 By : Mr. Jack Wang

Increasing Use of Time-of-Flight Technology in Autonomous Mobile Robots is Expected to Provide Growth Opportunities for Time-of-Flight Sensor Market during 2022–2028

Time-of-flight (ToF) sensors are used to measure the time taken by an object to travel a distance through a medium. It measures the time difference between the emission of a signal and its return to the sensor after being reflected by an object. The sensor is used for various applications, including robot navigation, people counting, vehicle monitoring, and object detection. It is an all-in-one system for cost-effective, easy, and small-footprint integration. It provides true distance measurement without depending on the target size, color, and reflectance. In addition, ToF sensors use lasers to measure long distances and ranges with great precision. Infrared Distance Sensor

Time-of-Flight Sensor Market is expected to reach US$ 8,426.63 million by 2028

Request Sample Copy of This Report @ https://www.theinsightpartners.com/sample/TIPRE00022354/

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.

The demand for ToF sensors is increasing due to their rising use in the automotive industry. The technology is used to monitor the driver’s behavior that helps prevent road accidents and improve vehicle safety. In addition, the demand for the sensors is increasing in other industries, such as consumer electronics, healthcare, gaming & entertainment, and aerospace & defense. As a result, the market players are coming up with advanced ToF sensors. In February 2020, Panasonic Corporation announced that they had developed a time-of-flight image sensor that uses avalanche photodiode (APD) pixels. It can acquire highly accurate 3D information according to the position of objects from near to far distances up to 250 m. These sensors can be applied in various fields such as automotive range imaging and wide-area surveillance. Furthermore, the increasing use of time-of-flight technology in autonomous mobile robots is expected to create an opportunity for the time-of-flight sensor market during the forecast period. In addition, the growing adoption of time-of-flight sensors in smartphones for photography and 3D facial mapping for facial unlocking would fuel the time-of-flight sensor market growth in the coming years.

Since COVID-19 pandemic, the demand for smartphones, laptops, tablets, and other consumer electronic devices has increased in North American countries. Due to the growing consumer electronics industry, the demand for time-of-flight sensors is increasing across North America. The sensors consume low power, which also propels their demand in the market. Various smartphone producers are using time-of-flight technology in their smartphones. Apple Inc, the largest smartphone producer in the US, launched the iPhone 13 Pro in 2021, which consists of a ToF sensor. Thus, the growing adoption of ToF sensors in smartphones by US manufacturers is further fueling the growth of the time-of-flight sensor market in North America.

Based on vertical, the time-of-flight sensor market size is segmented into automotive, consumer electronics, gaming and entertainment, industrial, healthcare, aerospace and defense, and others. The consumer electronics segment is expected to dominate the time-of-flight sensor market in 2022. This is mainly due to the rising penetration of different types of consumer electronic devices such as smartphones, tablets, computers, laptops, etc. Moreover, the rising demand for smartphones with advanced photography features such as auto-focus and blurring effect is further raising the demand for time-of-flight sensors.

Market players operating in the time-of-flight sensor market are mainly focused on the development of advanced and efficient systems.

Interested in purchasing this Report? Click Here: https://www.theinsightpartners.com/buy/TIPRE00022354/

Time-of-Flight Sensor Market is expected to reach US$ 8,426.63 million by 2028

Laser Distance Sensor Short Range Contact Us Contact Person: Sameer Joshi Phone: +1-646-491-9876 Email Id: [email protected]