South 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 South America time-of-flight sensor market is expected to grow from US$ 81.53 million in 2022 to US$ 194.59 million by 2028. It is estimated to grow at a CAGR of 15.6% from 2022 to 2028.
Continuous Product Innovations and Launches in South 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, STMi croelectronics 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 South America Time-of-Flight Sensors market.
South America Time-Of-Flight Sensor Market Overview
The Time-of-Flight Sensor market in SAM is segmented into Brazil, Argentina, and the Rest of SAM. The region has a limited number of Time-of-Flight Sensor manufacturers. Among all countries in SAM, Brazil is estimated to be the most significant contributor to the revenue of the market in South America during the forecast period. Most of global automotive companies, including BMW, BYD, Ford, General Motors, Honda, Hyundai, Kia, Land Rover, and Mercedes-Benz, have manufacturing operations in Brazil. The automotive industry accounts for ~15% of Brazil’s industrial GDP. According to Atradius Collections, in the first half of 2021, there was a 33% increase in the registration of new passenger cars in Brazil. Colombia has also seen tremendous growth in the automotive industry, which contributed around US$ 408 million (1.8 trillion Colombian pesos) to the country’s GDP in 2020. Thus, the growing automotive industry in South American countries is propelling the growth of the Time-of-Flight Sensor market.
South America Time-Of-Flight Sensor market Revenue and Forecast to 2028 (US$ Million)
South America Time-Of-Flight Sensor market Segmentation
The South America Time-Of-Flight Sensor market is segmented on the basis of device type, vertical, and country. Based on device type, the South 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 South 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 South America time-of-flight sensor market is segmented into Brazil, Argentina, and the Rest of SAM. Brazil 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 South America time-of-flight sensor market.
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- 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– South America Market Analysis
- 6.1 South America Time-of-Flight Sensor Market Overview
- 6.2 South America Time-of-Flight Sensor Market Forecast and Analysis
- 7. South America Time-of-Flight Sensor Market Analysis – by Device Type
- 7.1 Overview
- 7.2 South 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. South America Time-of-Flight Sensor Market Analysis – by Vertical
- 8.1 Overview
- 8.2 South 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. South America Time-of-Flight Sensor Market – Country Analysis
- 9.1 Overview
- 9.1.1 SAM: Time-of-Flight Sensor Market, by Key Country
- 9.1.1.1 Brazil: Time-of-Flight Sensor Market – Revenue and Forecast to 2028 (US$ Million)
- 9.1.1.1.1 Brazil: Time-of-Flight Sensor Market, by Device Type
- 9.1.1.1.2 Brazil: Time-of-Flight Sensor Market, by Vertical
- 9.1.1.2 Argentina: Time-of-Flight Sensor Market – Revenue and Forecast to 2028 (US$ Million)
- 9.1.1.2.1 Argentina: Time-of-Flight Sensor Market, by Device Type
- 9.1.1.2.2 Argentina: Time-of-Flight Sensor Market, by Vertical
- 9.1.1.3 Rest of SAM: Time-of-Flight Sensor Market – Revenue and Forecast to 2028 (US$ Million)
- 9.1.1.3.1 Rest of SAM: Time-of-Flight Sensor Market, by Device Type
- 9.1.1.3.2 Rest of SAM: 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. South America Time-of-Flight Sensor Market, Revenue and Forecast, 2019–2028 (US$ Million)
- Table 2. SAM: Time-of-Flight Sensor Market, by Country – Revenue and Forecast to 2028 (US$ Million)
- Table 3. Brazil: Time-of-Flight Sensor Market, by Device Type – Revenue and Forecast to 2028 (US$ Million)
- Table 4. Brazil: Time-of-Flight Sensor Market, by Vertical – Revenue and Forecast to 2028 (US$ Million)
- Table 5. Argentina: Time-of-Flight Sensor Market, by Device Type – Revenue and Forecast to 2028 (US$ Million)
- Table 6. Argentina: Time-of-Flight Sensor Market, by Vertical – Revenue and Forecast to 2028 (US$ Million)
- Table 7. Rest of SAM: Time-of-Flight Sensor Market, by Device Type – Revenue and Forecast to 2028 (US$ Million)
- Table 8. Rest of SAM: Time-of-Flight Sensor Market, by Vertical – Revenue and Forecast to 2028 (US$ Million)
- Table 9. List of Abbreviation
- LIST OF FIGURES
- Figure 1. South America Time-of-Flight Sensor Market Segmentation
- Figure 2. South America Time-of-Flight Sensor Market Segmentation – by Country
- Figure 3. South America Time-of-Flight Sensor Market Overview
- Figure 4. South America Time-of-Flight Sensor Market, By Device type
- Figure 5. South America Time-of-Flight Sensor Market, By Country
- Figure 6. South America: PEST Analysis
- Figure 7. Time-of-Flight Sensor Market Ecosystem Analysis
- Figure 8. Expert Opinion
- Figure 9. South America Time-of-Flight Sensor Market: Impact Analysis of Drivers and Restraints
- Figure 10. South America Time-of-Flight Sensor Market, Forecast and Analysis (US$ Million)
- Figure 11. South America Time-of-Flight Sensor Market, by Device Type (2021 and 2028)
- Figure 12. RF-Modulated Light Sources with Phase Detectors: South America Time-of-Flight Sensor Market Revenue and Forecast to 2028 (US$ Million)
- Figure 13. Range-Gated Imagers: South America Time-of-Flight Sensor Market Revenue and Forecast to 2028 (US$ Million)
- Figure 14. Direct Time-of-Flight Imagers: South America Time-of-Flight Sensor Market Revenue and Forecast to 2028 (US$ Million)
- Figure 15. South America Time-of-Flight Sensor Market, by Vertical (2021 and 2028)
- Figure 16. Automotive: South America Time-of-Flight Sensor Market Revenue and Forecast to 2028 (US$ Million)
- Figure 17. Consumer Electronics: South America Time-of-Flight Sensor Market Revenue and Forecast to 2028 (US$ Million)
- Figure 18. Gaming and Entertainment: South America Time-of-Flight Sensor Market Revenue and Forecast to 2028 (US$ Million)
- Figure 19. Industrial: South America Time-of-Flight Sensor Market Revenue and Forecast to 2028 (US$ Million)
- Figure 20. Healthcare: South America Time-of-Flight Sensor Market Revenue and Forecast to 2028 (US$ Million)
- Figure 21. Aerospace and Defense: South America Time-of-Flight Sensor Market Revenue and Forecast to 2028 (US$ Million)
- Figure 22. Others: South America Time-of-Flight Sensor Market Revenue and Forecast to 2028 (US$ Million)
- Figure 23. South America: Time-of-Flight Sensor Market, by Key Country – Revenue (2021) (US$ Million)
- Figure 24. SAM: Time-of-Flight Sensor Market Revenue Share, by Key Country (2021 & 2028)
- Figure 25. Brazil: Time-of-Flight Sensor Market – Revenue and Forecast to 2028 (US$ Million)
- Figure 26. Argentina: Time-of-Flight Sensor Market – Revenue and Forecast to 2028 (US$ Million)
- Figure 27. Rest of SAM: Time-of-Flight Sensor Market – Revenue and Forecast to 2028 (US$ Million)
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