DUBLIN--(BUSINESS WIRE)--The "3D Time-of-Flight Sensor Market to 2027 - Global Analysis and Forecasts by Type; Application" report has been added to ResearchAndMarkets.com's offering.
The global 3D time-of-flight sensor market is estimated to account to US$ 332.29 Mn in 2018 and is expected to grow at a CAGR of 6.3% during the forecast period 2018 - 2027, to account to US$ 568.97 Mn by 2027.
The global 3D time-of-flight sensor market is experiencing steady growth in the forecast period. The rapid expansion and advances in the manufacturing industry with machine vision and industrial automation and increased demand of smart consumer electronics devices is expected to surge the demand of 3D time-of-flight sensor globally.
The technological developments and availability of smart features in consumer electronics devices are expected to fuel the demand for consumer electronics devices in the coming years. The highly advanced 3D ToF sensors facilitate feature advancements in the consumer electronics devices. The 3D ToF applications are majorly categorized into gesture and non-gesture applications.Thus, it impact the growth of 3D time-of-flight sensor market in the current scenario.
A key trend that will prominently affect the 3D time-of-flight sensor market in the coming years is the depth sensing technologies to couple with Edge Artificial Intelligence systems in the forecast period. This factor is expected to boost the 3D time-of-flight sensor market. With the availability of highly accurate, wide opening, and deep sensing technology with 3D ToF sensors, logistics operations can be further enhanced.
In activities such as warehousing and fulfilment where cost per unit is extremely crucial factor, 3D ToF sensors coupled with edge AI could enable efficient stock management, physical space management, and lower the network demands is driving the 3D time-of-flight sensor market. Depth sensing technology when coupled with the power of edge AI, can be used for harnessing large volumes of data that can be processed and modelled into extremely useful actionable insights. These factors are projected to gain traction in the coming times having a significant impact approaching the 3D time-of-flight sensor market.
3D time-of-flight sensor market by application is segmented into consumer electronics, automotive, machine vision and industrial automation, robotics and drone, and others. A significant rise in demand of advanced systems integrated with internet to make driving experience flawless. Therefore, to remain competitive in the market, automotive manufacturers have to cope-up with recent technological trends and deployment of TOF based application in an automobile with automotive equipment such as car passenger detection, occupancy and steering wheel hands-on/off detection (side view), real-time body pose detection. These TOF sensors can either be deployed in infotainment or automated control units of vehicles. Today, an automobile is powered by new technologies which are categorized under safety & security and infotainment & telematics, among others. These factors are expected to enhance the demand of automotive segment in the 3D time-of-flight sensor market globally.
Key Topics Covered:
1.1 Scope Of The Study
1.2 Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.2 Secondary Research
3.3 Primary Research
4. 3D Time-of-Flight Sensor Landscape
4.1 Market Overview
4.2 PEST Analysis
4.3 Expert Opinions
4.4 Company Mapping by End Customer
5. Key Market Dynamics
5.1 Key Market Drivers
5.1.1 Emerging integrations of consumer electronics in the automotive industry and rising demands from autonomous vehicles
5.1.2 Increased demand of smart consumer electronics devices
5.1.3 Rapid expansion and advances in the manufacturing industry with machine vision and industrial automation
5.2 Key Market Restraints
5.2.1 Concerns around data accuracy of sensors in varying operating conditions
5.3 Key Market Opportunity
5.3.1 Scaling the innovative concept of Internet of Things
5.3.2 Government support for the development and deployment of robotics
5.4 Future trends
5.4.1 Depth sensing technologies to couple with Edge Artificial Intelligence systems
5.5 Impact Analysis of Drivers and Restraints
6. 3D Time-of-Flight Sensor - Global Market Analysis
6.1 Global 3D Time-of-Flight Sensor Market Overview
6.2 Global 3D Time-of-Light Sensor Market Forecast and Analysis
6.3 Market Positioning/ Market Share
7. 3D Time-of-Flight Sensor Market Analysis - By Type
7.2 3D Time-of-Flight Sensor Market Breakdown, By Type, 2018 & 2027
7.3 Half-QQVGA ToF Image Sensor
7.4 QVGA ToF Image Sensor
7.5 VGA ToF Image Sensor
7.7 1 Megapixel ToF Image Sensor
8. 3D Time-of-Flight Sensor Market Revenue and Forecasts To 2027- Application
8.2 Global 3D Time-Of-Flight Sensor Market Breakdown, By Application, 2018 & 2027
8.3 Consumer Electronics Market
8.4 Automotive Market
8.5 Machine Vision and Industrial Automation Market
8.6 Robotics and Drone Market
8.7 Others Market
9. 3D Time-of-Flight Sensor Market - Geographical Analysis
10. Industry Landscape
10.2 Market Initiative
10.3 New Product Development
11. Company Profiles
- Adafruit Industries
- AMS AG
- ifm electronic gmbh
- Infineon Technologies AG
- Keyence Corporation
- Sony Corporation
- STMicroelectronics N.V.
- Teledyne Technologies Incorporated
- Texas Instruments Incorporated
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