North America 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 North America time-of-flight sensor market is expected to grow from US$ 757 million in 2022 to US$ 1,802.85 million by 2028. It is estimated to grow at a CAGR of 15.5% from 2022 to 2028.
Continuous Product Innovations and Launches in North America Time-of-Flight Sensor Market
The stakeholders across industries are continuously investing in R&D to develop robust solutions to simplify industrial operations. The growing demand for Time-of-Flight Sensors in various industries such as automotive, consumer electronics, and healthcare compelled the market players to invest in developing new and innovative products in recent years. A few of the major product developments are mentioned below:
• In March 2022, STMicroelectronics announced the launch of new high-resolution Time-of-Flight Sensors for advanced 3D depth imaging for smartphones and other devices. The VD55H1 sensor maps 3D surfaces by measuring the distance to around half a million points and helps detect objects up to 5 m from the sensor.
Such advancements in Time-of-Flight Sensors, supported by high investments from manufacturers to develop innovative products as per customer requirements, drive the growth of the North America Time-of-Flight Sensors market.
North America Time-Of-Flight Sensor Market Overview
The Time-of-Flight Sensor market in North America is segmented into the US, Canada, and Mexico. The market growth in the region is attributed to the increasing demand for time-of-flight (ToF) sensors in automotive and consumer electronics applications. According to the American Automotive Policy Council (AAPC), the automotive industry in the US accounts for about 3% of the country's GDP. The ToF technology provides accurate and robust depth-sensing capabilities for a wide range of automotive applications within and beyond the vehicle. Inside the vehicle, the time-of-flight technology provides safety and comfort to the driver and passengers. A few safety functions provided by the ToF camera are NCAP-mandated driver fatigue detection, hands-on-wheel detection, body pose, eye gaze, head pose, and advanced seat-belt application. The safety function of the Time-of-Flight Sensor helps prevent road accidents. Thus, owing to the rising awareness about safety functions, the demand for vehicles incorporated with the ToF camera is increasing in the North American market.
North America Time-Of-Flight Sensor market Revenue and Forecast to 2028 (US$ Million)
North America Time-Of-Flight Sensor market Segmentation
The North America Time-Of-Flight Sensor market is segmented on the basis of device type, vertical, and country. Based on device type, the North America 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 North America 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 North America time-of-flight sensor market is segmented into US, Canada, and Mexico. US 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 North America 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. North America Time-of-Flight Sensor Market Landscape
- 4.1 Market Overview
- 4.2 North America PEST Analysis
- 4.3 Ecosystem Analysis
- 4.4 Expert Opinion
- 5. North America 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– North America Market Analysis
- 6.1 North America Time-of-Flight Sensor Market Overview
- 6.2 North America Time-of-Flight Sensor Market Forecast and Analysis
- 7. North America Time-of-Flight Sensor Market Analysis – by Device Type
- 7.1 Overview
- 7.2 North America 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. North America Time-of-Flight Sensor Market Analysis – by Vertical
- 8.1 Overview
- 8.2 North America 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. North America Time-of-Flight Sensor Market – Country Analysis
- 9.1 Overview
- 9.1.1 North America: Time-of-Flight Sensor Market, by Key Country
- 9.1.1.1 US: Time-of-Flight Sensor Market – Revenue and Forecast to 2028 (US$ Million)
- 9.1.1.1.1 US: Time-of-Flight Sensor Market, by Device Type
- 9.1.1.1.2 US: Time-of-Flight Sensor Market, by Vertical
- 9.1.1.2 Canada: Time-of-Flight Sensor Market – Revenue and Forecast to 2028 (US$ Million)
- 9.1.1.2.1 Canada: Time-of-Flight Sensor Market, by Device Type
- 9.1.1.2.2 Canada: Time-of-Flight Sensor Market, by Vertical
- 9.1.1.3 Mexico: Time-of-Flight Sensor Market – Revenue and Forecast to 2028 (US$ Million)
- 9.1.1.3.1 Mexico: Time-of-Flight Sensor Market, by Device Type
- 9.1.1.3.2 Mexico: 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. North America Time-of-Flight Sensor Market, Revenue and Forecast, 2019–2028 (US$ Million)
- Table 2. North America: Time-of-Flight Sensor Market, by Country – Revenue and Forecast to 2028 (US$ Million)
- Table 3. US: Time-of-Flight Sensor Market, by Device Type – Revenue and Forecast to 2028 (US$ Million)
- Table 4. US: Time-of-Flight Sensor Market, by Vertical – Revenue and Forecast to 2028 (US$ Million)
- Table 5. Canada: Time-of-Flight Sensor Market, by Device Type – Revenue and Forecast to 2028 (US$ Million)
- Table 6. Canada: Time-of-Flight Sensor Market, by Vertical – Revenue and Forecast to 2028 (US$ Million)
- Table 7. Mexico: Time-of-Flight Sensor Market, by Device Type – Revenue and Forecast to 2028 (US$ Million)
- Table 8. Mexico: Time-of-Flight Sensor Market, by Vertical – Revenue and Forecast to 2028 (US$ Million)
- Table 9. List of Abbreviation
- LIST OF FIGURES
- Figure 1. North America Time-of-Flight Sensor Market Segmentation
- Figure 2. North America Time-of-Flight Sensor Market Segmentation – by Country
- Figure 3. North America Time-of-Flight Sensor Market Overview
- Figure 4. North America Time-of-Flight Sensor Market, By Device type
- Figure 5. North America Time-of-Flight Sensor Market, By Country
- Figure 6. North America: PEST Analysis
- Figure 7. Time-of-Flight Sensor Market Ecosystem Analysis
- Figure 8. Expert Opinion
- Figure 9. North America Time-of-Flight Sensor Market: Impact Analysis of Drivers and Restraints
- Figure 10. North America Time-of-Flight Sensor Market, Forecast and Analysis (US$ Million)
- Figure 11. North America Time-of-Flight Sensor Market, by Device Type (2021 and 2028)
- Figure 12. RF-Modulated Light Sources with Phase Detectors: North America Time-of-Flight Sensor Market Revenue and Forecast to 2028 (US$ Million)
- Figure 13. Range-Gated Imagers: North America Time-of-Flight Sensor Market Revenue and Forecast to 2028 (US$ Million)
- Figure 14. Direct Time-of-Flight Imagers: North America Time-of-Flight Sensor Market Revenue and Forecast to 2028 (US$ Million)
- Figure 15. North America Time-of-Flight Sensor Market, by Vertical (2021 and 2028)
- Figure 16. Automotive: North America Time-of-Flight Sensor Market Revenue and Forecast to 2028 (US$ Million)
- Figure 17. Consumer Electronics: North America Time-of-Flight Sensor Market Revenue and Forecast to 2028 (US$ Million)
- Figure 18. Gaming and Entertainment: North America Time-of-Flight Sensor Market Revenue and Forecast to 2028 (US$ Million)
- Figure 19. Industrial: North America Time-of-Flight Sensor Market Revenue and Forecast to 2028 (US$ Million)
- Figure 20. Healthcare: North America Time-of-Flight Sensor Market Revenue and Forecast to 2028 (US$ Million)
- Figure 21. Aerospace and Defense: North America Time-of-Flight Sensor Market Revenue and Forecast to 2028 (US$ Million)
- Figure 22. Others: North America Time-of-Flight Sensor Market Revenue and Forecast to 2028 (US$ Million)
- Figure 23. North America: Time-of-Flight Sensor Market, by Key Country – Revenue (2021) (US$ Million)
- Figure 24. North America: Time-of-Flight Sensor Market Revenue Share, by Key Country (2021 & 2028)
- Figure 25. US: Time-of-Flight Sensor Market – Revenue and Forecast to 2028 (US$ Million)
- Figure 26. Canada: Time-of-Flight Sensor Market – Revenue and Forecast to 2028 (US$ Million)
- Figure 27. Mexico: Time-of-Flight Sensor Market – Revenue and Forecast to 2028 (US$ Million)
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