Key Emerging Trends in Time-of-Flight (ToF) Sensor

Posted on 2020-02-20 by MarketsandMarkets in Electronics, Semiconductors, Technology // 0 Comments

Northbrook, USA, 2020-Feb-20 — /EPR Network/ —

Time-of-flight sensor measures the time it takes to travel a distance through a medium. Usually, this is the measurement of the time elapsed between the emission of a wave pulse, its reflection off of an object, and its return to the ToF sensor. A ToF camera sensor can be used to measure distance and volume, as well as for object scanning, indoor navigation, obstacle avoidance, gesture recognition, object tracking, and reactive altimeters. Data generated from the ToF sensor can also help with 3D imaging and improving augmented reality (AR) experiences. In phones, ToF camera sensors will likely be used for 3D photography, AR, and in particular Portrait mode.

The overall time-of-flight (ToF) sensor market is expected to grow from USD 2.8 billion in 2020 to USD 6.9 billion by 2025, at a CAGR of 20.0%. The growth of this market is mainly driven by the increasing demand for ToF sensors from automotive industry and growing adoption of 3D cameras in smartphones and increasing use of such smartphones. The increasing adoption of 3D machine vision systems in various industries and growing deployment of Industry 4.0 provide major opportunities for the growth of the time-of-flight (ToF) sensors market.

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3D imaging and scanning application is expected to hold the largest share of the time-of-flight (ToF) sensor market during the forecast period. 3D scanning uses depth sensing to accurately capture area, dimensions; user can use the mapped data for designing purpose. In coming future, the demand for 3D scanning application will be increased due to ease of usage. A time-of-flight is active type of 3D imaging and scanning technology. ToF is faster, more reliable and have better power consumption as compared to other two technologies of 3D imaging applications. Moreover, due to the low cost, the demand for time of flight technology will increase for 3D imaging and scanning application.

The consumer electronics vertical is the largest adopter of time-of-flight (ToF) sensors. In this vertical, ToF sensors are used in smart phones, wearables, tablet PCs, cameras, and remote controls among others. Various ToF sensors such as image sensors, position sensors, and ultrasonic sensors are used in these consumer electronics devices. The rising demand for these devices is creating the demand for ToF sensors, which would in turn give an impetus to further advancements in the time-of-flight technology.

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The time-of-flight (ToF) sensor market in APAC is expected to grow at the highest CAGR during the forecast period. Owing to the rise in industrialization and adoption of consumer electronics, the market for time-of-flight (ToF) sensor is expected to grow in APAC. The low cost of labor as well as operations has boosted the manufacturing of components and devices in this region and made it a hub of manufacturing companies; this factor has increased the demand for ToF sensors for monitoring and inspection in manufacturing companies. These factors are expected to drive the growth of the time-of-flight (ToF) sensor market in APAC.

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