Time of Flight (ToF) Sensors Market Size
The global Time of Flight (ToF) Sensors market was valued at US$ 1240.3 million in 2023 and is anticipated to reach US$ 4402 million by 2030, witnessing a CAGR of 19.6% during the forecast period 2024-2030.
Time of Flight (ToF) Sensors Market
Time-of-Flight 3D sensing technology which is able to resolve distance between the camera and an object for each point of the scanned image, by measuring the time between emission of a light signal provided by a laser (VCSEL) and detection of the reflected signal. Measurement can be achieved via a direct (dToF) or an indirect (iToF) method requiring different sensing systems.
The time of flight (ToF) sensors market is very concentrated market; key players include STMicroelectronics, Sony, Ams AG, etc. The revenue of top 2 manufacturers accounts about 80% of the total revenue. China is the largest market, with a share about 43%, followed by Europe and North America with the share about 15% and 11%.
This report aims to provide a comprehensive presentation of the global market for Time of Flight (ToF) Sensors, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Time of Flight (ToF) Sensors.
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