PUBLISHER: Grand View Research | PRODUCT CODE: 1553987
PUBLISHER: Grand View Research | PRODUCT CODE: 1553987
The global time-of-flight (ToF) sensor market size was estimation at USD 4.43 billion in 2023 and is projected to grow at a CAGR of 20.32% from 2024 to 2030. The rapid development of advanced driver-assistance systems (ADAS) and autonomous driving technology is significantly driving the market growth. These sensors help enhance vehicle safety by providing accurate distance measurements for collision avoidance, parking assistance, and adaptive cruise control. As the integration of sensors in various industries, including automotive, consumer electronics, and industrial automation, becomes more prevalent for enhanced safety and automation, the demand for ToF sensors is expected to rise.
The increasing integration of sensors in consumer electronics, such as smartphones, tablets, and gaming devices, is a major growth driver. These sensors enable features like facial recognition, augmented reality (AR), and precise gesture control. As consumer electronics continue to evolve with enhanced capabilities and immersive experiences, the demand for sensors in these devices grows. Innovations in AR and VR technologies further boost the adoption of sensors, driving market growth in the consumer electronics segment.
The rise in industrial automation and robotics is significantly contributing to the growth of the sensor market. Sensors are used in various industrial applications, including object detection, quality control, and automation of manufacturing processes. Their ability to provide accurate distance measurements and facilitate precise operations makes them valuable in modern industrial settings. As industries increasingly adopt automation to enhance efficiency and productivity, the demand for sensors in industrial applications is expected to grow, driving market expansion.
Global Time-of-Flight (ToF) Sensor Market Report Segmentation
This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2018 to 2030. For this study, Grand View Research has segmented the global time-of-flight (ToF) sensor market report based on product type, display resolution, application, end use, and region.