The Time Of Flight TOF Sensor Global Market Report 2023, provides comprehensive information on the time-of-flight (tof) sensor market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
Learn More On The Time Of Flight TOF Sensor Market’s Growth:
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The global time-of-flight (ToF) sensor market size is expected to grow from $2.73 billion in 2022 to $3.28 billion in 2023 at a compound annual growth rate (CAGR) of 20.2%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The time-of-flight (ToF) sensor market size is expected to reach $6.50 billion in 2027 at a CAGR of 18.7%
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Product innovation is a key trend that is gaining popularity in the time-of-flight (ToF) sensor market. Major companies operating in the market are focused on research and development for product innovations to sustain their position in the market. For instance, in January 2022, TDK Corporation, Japan-based electronic components, and devices company launched the Chirp ICU-10201 and ICU-20201, high-performance ultra-low power integrated ultrasonic time-of-flight sensors for short- and long-range detection. The Chirp ICU-10201 and ICU-20201 are integrated with powerful on-chip processors with high computational power. This strengthens processing capabilities and allows a wide range of application algorithms to fit and run on-chip. These sensors are capable of providing accurate range measurements to targets up to 1.2 m and 5m away respectively. Additionally, it can measure distance in any lighting condition and provides millimeter-level accuracy, independent of the target’s color and optical transparency.
The time-of-flight (tof) sensor market is segmented:
1) By Type: RF-Modulated Light Sources With Phase Detectors, Range-Gated Imagers, Direct Time-Of-Flight Imagers
2) By Application: Augmented Reality And Virtual Reality, Lidar, Machine Vision, 3D Imaging And Scanning, Robotics And Drone
3) By End-User: Automotive, Consumer Electronics, Gaming And Entertainment, Industrial, Healthcare, Aerospace And Defense
Asia-Pacific was the largest region in the time-of-flight (tof) sensor market in 2022.
The table of contents in TBRC’s time-of-flight (tof) sensor market report includes:
1. Executive Summary
2. Time-Of-Flight (TOF) Sensor Market Characteristics
3. Time-Of-Flight (TOF) Sensor Market Trends And Strategies
4. Time-Of-Flight (TOF) Sensor Market – Macro Economic Scenario
5. Time-Of-Flight (TOF) Sensor Market Size And Growth
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26. Africa Time-Of-Flight (TOF) Sensor Market
27. Time-Of-Flight (TOF) Sensor Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Time-Of-Flight (TOF) Sensor Market
29. Time-Of-Flight (TOF) Sensor Market Future Outlook and Potential Analysis
30. Appendix
Top Major Players:
- Texas Instruments Incorporated
- STMicroelectronics N.V
- Infineon Technologies AG
- Panasonic Holdings Corporation
- Teledyne Technologies Incorporated
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