ToF Sensors Span Diverse Markets
By Mat Dirjish
Time-of-flight (ToF) sensors measure the distance between them and an object, based on the time difference between the sensors seeing the object and registering distance data. ToF sensors find employment in a wide range of applications and industries, the likes of automotive, 3D cameras in smartphones, 3D machine vision systems, aerospace & defense, consumer electronics, healthcare, and Industry 4.0. Based on the demands these industries pose, MarketsandMarkets report, title “Time-of-Flight Sensor Market by Resolution, Application, Vertical and Geography – Global Forecast to 2025”, sees the ToF sensor market growing from $2.8 billion in 2020 to $6.9 billion by 2025, at a CAGR of 20.0%.
Points of Interest
- Artificial Reality (AR) and virtual reality (VR) applications to witness highest CAGR from 2020 to 2025.
- Consumer electronics vertical set to exhibit highest CAGR.
- Increasing demand for smartphones will boost demand for ToF sensor in APAC during the forecast period.
- OEMs in the time-of-flight (ToF) sensor market are Texas Instruments (US), STMicroelectronics NV (Switzerland), Infineon Technologies AG (Germany), Panasonic Corporation (Japan), Teledyne Technologies Incorporated (US), Keyence Corporation (Japan), pmd Technologies AG (Germany), Sharp Corporation (Japan), Sony Corporation (Japan), and Melexis NV (Belgium).
Need to know more about the ToF sensor arena? Then checkout the “Time-of-Flight (ToF) Sensor Market” report
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