Europe Time-of-Flight Sensor Market Forecast to 2028 – COVID-19 Impact and Regional Analysis – by Device Type (RF-Modulated Light Sources With Phase Detectors, Range-Gated Imagers, and Direct Time-of-Flight Imagers), Vertical (Automotive, Consumer Electronics, Gaming and Entertainment, Industrial, Healthcare, Aerospace & Defense, and Others)
The Europe time-of-flight sensor market is expected to grow from US$ 694.26 million in 2022 to US$ 1,847.38 million by 2028. It is estimated to grow at a CAGR of 17.7% from 2022 to 2028.
Growing Use of Time-of-Flight Sensors for Automotive Applications in Europe Time-of-Flight Sensor Market
The automotive industry is improving rapidly with rising technological developments. Vehicles rely on effective sensing to allow automated systems to assist drivers and provide improved safety, comfort, and convenience. Time-of-Flight (ToF) sensors are used in autonomous vehicles for various purposes, such as localization, obstacle detection, and picking or placing objects. The technology helps detect objects and provides information on their position and movements within the three-dimensional space. It also assists in identifying the object by detecting its size, shape, and orientation. Inside the car, ToF technology is used to monitor the driver's behavior that can significantly contribute to road safety. Most accidents across the region are occurred due to the issue caused by driver's fatigue. The iToF technology helps monitor the behavior of driver and accordingly suggests or enforces break, thus potentially avoiding accidents. The sensors help detect the passengers' size and weight, which can assist in airbag deployment when necessary. Also, in the absence of passengers, the sensors will prevent unnecessary airbag deployment. Furthermore, along with the improvements in vehicle safety, the ToF technology provides comfort and convenience inside the car cabin, which may benefit drivers and passengers. The seats can be moved, and seat belts can be brought closer when the passenger gets into the car. It can also help the driver or passenger by turning on the light of the storage compartments when a hand reaches in that direction. Thus, the growing use of ToF sensors for automotive application is boosting the growth of the Europe Time-of-Flight Sensor market .
Europe Time-Of-Flight Sensor Market Overview
The Europe Time-of-Flight Sensor market is segmented into Germany, France, Spain, the UK, Italy, and the Rest of Europe. The growing automotive sector is driving the market growth in the region. It is one of Europe’s biggest sectors, representing over 7% of the region’s GDP. The presence of established car manufacturers and an increase in the development and sales of electric vehicles will boost the demand for Time-of-Flight Sensors in the coming years. Also, the government of the region is taking various initiatives for the growth of the automotive industry, which will propel the demand for Time-of-Flight Sensors. In 2020, the UK government awarded US$ 57.87 million for various low-carbon automotive projects, including electric vehicle manufacturing. Since 2006 in Europe, NATO (North Atlantic Treaty Organization) defense ministers announced annual spending of 2% of GDP on their military budgets. As a result, the demand for military and defense equipment has increased. Furthermore, in March 2022, Poland passed a law to increase defense spending to 3% of GDP. Also, in February 2022, German Chancellor Olaf Scholz announced a US$ 112.69 billion (€100 billion) injection in defense spending. Thus, the increasing defense spending by the European government will raise the demand for military and defense equipment, which will fuel the Time-of-Flight Sensor market growth in the coming years.
Europe Time-Of-Flight Sensor market Revenue and Forecast to 2028 (US$ Million)
Europe Time-Of-Flight Sensor market Segmentation
The Europe Time-Of-Flight Sensor market is segmented on the basis of device type, vertical, and country. Based on device type, the Europe time-of-flight sensor market is segmented into RF-modulated light sources with phase detectors, range-gated imagers, and direct time-of-flight imagers. The range-gated imagers segment registered the largest market share in 2022.
Based on vertical, the Europe time-of-flight sensor market is segmented into automotive, consumer electronics, gaming and entertainment, industrial, healthcare, aerospace and defense, and others. The consumer electronics segment registered a larger market share in 2022.
Based on country, the Europe time-of-flight sensor market is segmented into France, Germany, UK, Italy, Russia, and the Rest of Europe. Germany dominated the market share in 2022.
Analog Devices Inc, Infineon Technologies AG, InvenSense Inc, Keyence Corp, OMRON Corp, Panasonic Holdings Corp, Sony Group Corp, STMicroelectronics NV, Teledyne e2v (Overseas) Holdings Ltd, and Texas Instruments Inc are the leading companies operating in the Europe time-of-flight sensor market.
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- 1. Introduction
- 1.1 Study Scope
- 1.2 The Insight Partners Research Report Guidance
- 1.3 Market Segmentation
- 2. Key Takeaways
- 3. Research Methodology
- 3.1 Coverage
- 3.2 Secondary Research
- 3.3 Primary Research
- 4. Europe Time-of-Flight Sensor Market Landscape
- 4.1 Market Overview
- 4.2 Europe PEST Analysis
- 4.3 Ecosystem Analysis
- 4.4 Expert Opinion
- 5. Europe Time-of-Flight Sensor Market- Key Market Dynamics
- 5.1 Market Drivers
- 5.1.1 Growing Use of Time-of-Flight Sensors for Automotive Applications
- 5.1.2 Continuous Product Innovations and Launches
- 5.2 Market Restraints
- 5.2.1 Low Integration of Time-of-Flight Sensors in Smartphones due to Their High Cost
- 5.3 Market Opportunities
- 5.3.1 Increasing Use of Time-of-Flight Technology in Autonomous Mobile Robots
- 5.4 Future Trends
- 5.4.1 Rising Adoption of Time-of-Flight Technology in Smartphones
- 5.5 Impact Analysis of Drivers and Restraints
- 6. Time-of-Flight Sensor Market– Europe Market Analysis
- 6.1 Europe Time-of-Flight Sensor Market Overview
- 6.2 Europe Time-of-Flight Sensor Market Forecast and Analysis
- 7. Europe Time-of-Flight Sensor Market Analysis – by Device Type
- 7.1 Overview
- 7.2 Europe Time-of-Flight Sensor Market, by Device Type (2021 and 2028)
- 7.3 RF-Modulated Light Sources with Phase Detectors
- 7.3.1 Overview
- 7.3.2 RF-Modulated Light Sources with Phase Detectors: Time-of-Flight Sensor Market Revenue and Forecast to 2028 (US$ Million)
- 7.4 Range-Gated Imagers
- 7.4.1 Overview
- 7.4.2 Range-Gated Imagers: Time-of-Flight Sensor Market Revenue and Forecast to 2028 (US$ Million)
- 7.5 Direct Time-of-Flight Imagers
- 7.5.1 Overview
- 7.5.2 Direct Time-of-Flight Imagers: Time-of-Flight Sensor Market Revenue and Forecast to 2028 (US$ Million)
- 8. Europe Time-of-Flight Sensor Market Analysis – by Vertical
- 8.1 Overview
- 8.2 Europe Time-of-Flight Sensor Market, by Vertical (2021 and 2028)
- 8.3 Automotive
- 8.3.1 Overview
- 8.3.2 Automotive: Time-of-Flight Sensor Market Revenue and Forecast to 2028 (US$ Million)
- 8.4 Consumer Electronics
- 8.4.1 Overview
- 8.4.2 Consumer Electronics: Time-of-Flight Sensor Market Revenue and Forecast to 2028 (US$ Million)
- 8.5 Gaming and Entertainment
- 8.5.1 Overview
- 8.5.2 Gaming and Entertainment: Time-of-Flight Sensor Market Revenue and Forecast to 2028 (US$ Million)
- 8.6 Industrial
- 8.6.1 Overview
- 8.6.2 Industrial: Time-of-Flight Sensor Market Revenue and Forecast to 2028 (US$ Million)
- 8.7 Healthcare
- 8.7.1 Overview
- 8.7.2 Healthcare: Time-of-Flight Sensor Market Revenue and Forecast to 2028 (US$ Million)
- 8.8 Aerospace and Defense
- 8.8.1 Overview
- 8.8.2 Aerospace and Defense: Time-of-Flight Sensor Market Revenue and Forecast to 2028 (US$ Million)
- 8.9 Others
- 8.9.1 Overview
- 8.9.2 Others: Time-of-Flight Sensor Market Revenue and Forecast to 2028 (US$ Million)
- 9. Europe Time-of-Flight Sensor Market – Country Analysis
- 9.1 Overview
- 9.1.1 Europe: Time-of-Flight Sensor Market, by Key Country
- 9.1.1.1 Germany: Time-of-Flight Sensor Market – Revenue and Forecast to 2028 (US$ Million)
- 9.1.1.1.1 Germany: Time-of-Flight Sensor Market, by Device Type
- 9.1.1.1.2 Germany: Time-of-Flight Sensor Market, by Vertical
- 9.1.1.2 France: Time-of-Flight Sensor Market – Revenue and Forecast to 2028 (US$ Million)
- 9.1.1.2.1 France: Time-of-Flight Sensor Market, by Device Type
- 9.1.1.2.2 France: Time-of-Flight Sensor Market, by Vertical
- 9.1.1.3 Italy: Time-of-Flight Sensor Market – Revenue and Forecast to 2028 (US$ Million)
- 9.1.1.3.1 Italy: Time-of-Flight Sensor Market, by Device Type
- 9.1.1.3.2 Italy: Time-of-Flight Sensor Market, by Vertical
- 9.1.1.4 UK: Time-of-Flight Sensor Market – Revenue and Forecast to 2028 (US$ Million)
- 9.1.1.4.1 UK: Time-of-Flight Sensor Market, by Device Type
- 9.1.1.4.2 UK: Time-of-Flight Sensor Market, by Vertical
- 9.1.1.5 Russia: Time-of-Flight Sensor Market – Revenue and Forecast to 2028 (US$ Million)
- 9.1.1.5.1 Russia: Time-of-Flight Sensor Market, by Device Type
- 9.1.1.5.2 Russia: Time-of-Flight Sensor Market, by Vertical
- 9.1.1.6 Rest of Europe: Time-of-Flight Sensor Market – Revenue and Forecast to 2028 (US$ Million)
- 9.1.1.6.1 Rest of Europe: Time-of-Flight Sensor Market, by Device Type
- 9.1.1.6.2 Rest of Europe: Time-of-Flight Sensor Market, by Vertical
- 10. Industry Landscape
- 10.1 Overview
- 10.2 Market Initiative
- 10.3 New Product Development
- 11. Company Profiles
- 11.1 Sony Group Corp
- 11.1.1 Key Facts
- 11.1.2 Business Description
- 11.1.3 Products and Services
- 11.1.4 Financial Overview
- 11.1.5 SWOT Analysis
- 11.1.6 Key Developments
- 11.2 STMicroelectronics NV
- 11.2.1 Key Facts
- 11.2.2 Business Description
- 11.2.3 Products and Services
- 11.2.4 Financial Overview
- 11.2.5 SWOT Analysis
- 11.2.6 Key Developments
- 11.3 Texas Instruments Inc
- 11.3.1 Key Facts
- 11.3.2 Business Description
- 11.3.3 Products and Services
- 11.3.4 Financial Overview
- 11.3.5 SWOT Analysis
- 11.3.6 Key Developments
- 11.4 Teledyne e2v (Overseas) Holdings Ltd
- 11.4.1 Key Facts
- 11.4.2 Business Description
- 11.4.3 Products and Services
- 11.4.4 Financial Overview
- 11.4.5 SWOT Analysis
- 11.4.6 Key Developments
- 11.5 Analog Devices Inc
- 11.5.1 Key Facts
- 11.5.2 Business Description
- 11.5.3 Products and Services
- 11.5.4 Financial Overview
- 11.5.5 SWOT Analysis
- 11.5.6 Key Developments
- 11.6 Infineon Technologies AG
- 11.6.1 Key Facts
- 11.6.2 Business Description
- 11.6.3 Products and Services
- 11.6.4 Financial Overview
- 11.6.5 SWOT Analysis
- 11.6.6 Key Developments
- 11.7 Keyence Corp
- 11.7.1 Key Facts
- 11.7.2 Business Description
- 11.7.3 Products and Services
- 11.7.4 Financial Overview
- 11.7.5 SWOT Analysis
- 11.7.6 Key Developments
- 11.8 Panasonic Holdings Corp
- 11.8.1 Key Facts
- 11.8.2 Business Description
- 11.8.3 Products and Services
- 11.8.4 Financial Overview
- 11.8.5 SWOT Analysis
- 11.8.6 Key Developments
- 11.9 InvenSense Inc
- 11.9.1 Key Facts
- 11.9.2 Business Description
- 11.9.3 Products and Services
- 11.9.4 Financial Overview
- 11.9.5 SWOT Analysis
- 11.9.6 Key Developments
- 11.10 OMRON Corp
- 11.10.1 Key Facts
- 11.10.2 Business Description
- 11.10.3 Products and Services
- 11.10.4 Financial Overview
- 11.10.5 SWOT Analysis
- 11.10.6 Key Developments
- 12. Appendix
- 12.1 About The Insight Partners
- 12.2 Word Index
- LIST OF TABLES
- Table 1. Europe Time-of-Flight Sensor Market, Revenue and Forecast, 2019–2028 (US$ Million)
- Table 2. Europe: Time-of-Flight Sensor Market, by Country – Revenue and Forecast to 2028 (US$ Million)
- Table 3. Germany: Time-of-Flight Sensor Market, by Device Type – Revenue and Forecast to 2028 (US$ Million)
- Table 4. Germany: Time-of-Flight Sensor Market, by Vertical – Revenue and Forecast to 2028 (US$ Million)
- Table 5. France: Time-of-Flight Sensor Market, by Device Type – Revenue and Forecast to 2028 (US$ Million)
- Table 6. France: Time-of-Flight Sensor Market, by Vertical – Revenue and Forecast to 2028 (US$ Million)
- Table 7. Italy: Time-of-Flight Sensor Market, by Device Type – Revenue and Forecast to 2028 (US$ Million)
- Table 8. Italy: Time-of-Flight Sensor Market, by Vertical – Revenue and Forecast to 2028 (US$ Million)
- Table 9. UK: Time-of-Flight Sensor Market, by Device Type – Revenue and Forecast to 2028 (US$ Million)
- Table 10. UK: Time-of-Flight Sensor Market, by Vertical – Revenue and Forecast to 2028 (US$ Million)
- Table 11. Russia: Time-of-Flight Sensor Market, by Device Type – Revenue and Forecast to 2028 (US$ Million)
- Table 12. Russia: Time-of-Flight Sensor Market, by Vertical – Revenue and Forecast to 2028 (US$ Million)
- Table 13. Rest of Europe: Time-of-Flight Sensor Market, by Device Type – Revenue and Forecast to 2028 (US$ Million)
- Table 14. Rest of Europe: Time-of-Flight Sensor Market, by Vertical – Revenue and Forecast to 2028 (US$ Million)
- Table 15. List of Abbreviation
- LIST OF FIGURES
- Figure 1. Europe Time-of-Flight Sensor Market Segmentation
- Figure 2. Europe Time-of-Flight Sensor Market Segmentation – by Country
- Figure 3. Europe Time-of-Flight Sensor Market Overview
- Figure 4. Europe Time-of-Flight Sensor Market, By Device type
- Figure 5. Europe Time-of-Flight Sensor Market, By Country
- Figure 6. Europe: PEST Analysis
- Figure 7. Time-of-Flight Sensor Market Ecosystem Analysis
- Figure 8. Expert Opinion
- Figure 9. Europe Time-of-Flight Sensor Market: Impact Analysis of Drivers and Restraints
- Figure 10. Europe Time-of-Flight Sensor Market, Forecast and Analysis (US$ Million)
- Figure 11. Europe Time-of-Flight Sensor Market, by Device Type (2021 and 2028)
- Figure 12. RF-Modulated Light Sources with Phase Detectors: Europe Time-of-Flight Sensor Market Revenue and Forecast to 2028 (US$ Million)
- Figure 13. Range-Gated Imagers: Europe Time-of-Flight Sensor Market Revenue and Forecast to 2028 (US$ Million)
- Figure 14. Direct Time-of-Flight Imagers: Europe Time-of-Flight Sensor Market Revenue and Forecast to 2028 (US$ Million)
- Figure 15. Europe Time-of-Flight Sensor Market, by Vertical (2021 and 2028)
- Figure 16. Automotive: Europe Time-of-Flight Sensor Market Revenue and Forecast to 2028 (US$ Million)
- Figure 17. Consumer Electronics: Europe Time-of-Flight Sensor Market Revenue and Forecast to 2028 (US$ Million)
- Figure 18. Gaming and Entertainment: Europe Time-of-Flight Sensor Market Revenue and Forecast to 2028 (US$ Million)
- Figure 19. Industrial: Europe Time-of-Flight Sensor Market Revenue and Forecast to 2028 (US$ Million)
- Figure 20. Healthcare: Europe Time-of-Flight Sensor Market Revenue and Forecast to 2028 (US$ Million)
- Figure 21. Aerospace and Defense: Europe Time-of-Flight Sensor Market Revenue and Forecast to 2028 (US$ Million)
- Figure 22. Others: Europe Time-of-Flight Sensor Market Revenue and Forecast to 2028 (US$ Million)
- Figure 23. Europe: Time-of-Flight Sensor Market, by Key Country – Revenue (2021) (US$ Million)
- Figure 24. Europe: Time-of-Flight Sensor Market Revenue Share, by Key Country (2021 & 2028)
- Figure 25. Germany: Time-of-Flight Sensor Market – Revenue and Forecast to 2028 (US$ Million)
- Figure 26. France: Time-of-Flight Sensor Market – Revenue and Forecast to 2028 (US$ Million)
- Figure 27. Italy: Time-of-Flight Sensor Market – Revenue and Forecast to 2028 (US$ Million)
- Figure 28. UK: Time-of-Flight Sensor Market – Revenue and Forecast to 2028 (US$ Million)
- Figure 29. Russia: Time-of-Flight Sensor Market – Revenue and Forecast to 2028 (US$ Million)
- Figure 30. Rest of Europe: Time-of-Flight Sensor Market – Revenue and Forecast to 2028 (US$ Million)
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