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Time-of-flight (TOF) Sensor Market by Application and Geography - Forecast and Analysis 2022-2026

  • Published: Jul 2022
  • Pages: 150
  • SKU: IRTNTR70318
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The time-of-flight (TOF) sensor market share is expected to increase by USD 1.84 billion from 2021 to 2026, and the market’s growth momentum will accelerate at a CAGR of 29.43%.

This time-of-flight (TOF) sensor market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers time-of-flight (TOF) sensor market segmentation by application (consumer electronics, automotive, industrial, medical, and others) and geography (APAC, North America, Europe, South America, and Middle East and Africa). The time-of-flight sensor market report also offers information on several market vendors, including Adafruit Industries LLC, ams AG, Balluff GmbH, BECOM Electronics GmbH, Broadcom Inc., ESPROS Photonics Corp., Infineon Technologies AG, iris-GmbH infrared and intelligent sensors, Keyence India Pvt. Ltd., Melexis NV, Panasonic Holdings Corp., pmdtechnologies AG, Pololu Corp., Renesas Electronics Corp., Seeed Technology Co. Ltd., Sharp Corp., Sony Semiconductor Solutions Corp., STMicroelectronics NV, TDK Corp., and Texas Instruments Inc. among others.

What will the Time-of-flight (TOF) Sensor Market Size be During the Forecast Period?

Time-of-flight (TOF) Sensor Market Size

Download Report Sample to Unlock the Time-of-flight (TOF) Sensor Market Size for the Forecast Period and Other Important Statistics

 

Time-of-flight (TOF) Sensor Market: Key Drivers, Trends, and Challenges

Based on our research output, there has been a negative impact on the market growth during and post COVID-19 era. The rise in popularity of 3D cameras is notably driving the time-of-flight (TOF) sensor market growth, although factors such as technological challenges may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the time-of-flight (TOF) sensor market industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Time-of-flight (TOF) Sensor Market Driver

  • The rise in popularity of 3D cameras is one of the factors driving the time-of-flight (TOF) sensor market growth.
  • A 3D TOF camera works by illuminating the scene with a modulated light source and observing the reflected light. 
  • 3D TOF cameras are mostly used in object scanning, security systems, robotics, indoor navigation, obstacle avoidance, gesture recognition, object tracking, and the medical field. 
  • Region-wise, APAC will be one of the primary markets for 3D cameras due to the growing popularity of 3D movies in Asian countries such as China and South Korea. 
  • 3D cameras have gained the interest of many multinational technology giants, with companies such as Apple, SAMSUNG, and Microsoft investing in this 3D technology. This bodes well for the TOF sensor market. Hence, the increasing R&D in electronic components will drive the demand for TOF sensors during the forecast period.

Key Time-of-flight (TOF) Sensor Market Trend

  • Virtual reality experience through drones is one of the key TOF sensor market trends fueling market growth.
  • Virtual reality applications are gradually being used to create immersive experiences that can help educate and even entertain consumers. 
  • Virtual reality takes the help of computer technology to create an interactive 3D environment in which objects can give a sense of spatial presence.
  • In the global consumer drones market, Parrot and GoPro are major players that are leveraging the growth of virtual reality. This, in turn, will fuel the market growth during the forecast period.

Key Time-of-flight (TOF) Sensor Market Challenge

  • Technological challenges is one of the key factors challenging the time-of-flight (TOF) sensor market growth.
  • Sensors are used to identify the presence or absence of any object in a predefined perimeter, ensuring the safety of users. For instance, whenever there is human intervention, the sensors slow down or halt the activity or process that is in progress. However, this detection ability depends on the size of the interfering object within the field. 
  • There are sometimes that sensors fail to detect small movements, which can affect the functioning of industrial processes. 
  • The accumulation of dust or other minute particles can lead to the contamination of the lenses used in sensors. Microbiological organisms can cause malfunctioning sensors and can even lead to false alarms. Such malfunctioning may challenge the market growth during the forecast period.

This time-of-flight (TOF) sensor market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.

Parent Market Analysis

Technavio categorizes the global Time-of-flight (TOF) sensor market as a part of the global electrical components and equipment market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the time-of-flight sensor market during the forecast period.

Who are the Major Time-of-flight (TOF) Sensor Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

 

  • Adafruit Industries LLC
  • ams AG
  • Balluff GmbH
  • BECOM Electronics GmbH
  • Broadcom Inc.
  • ESPROS Photonics Corp.
  • Infineon Technologies AG
  • iris-GmbH infrared and intelligent sensors
  • Keyence India Pvt. Ltd.
  • Melexis NV
  • Panasonic Holdings Corp.
  • pmdtechnologies AG
  • Pololu Corp.
  • Renesas Electronics Corp.
  • Seeed Technology Co. Ltd.
  • Sharp Corp.
  • Sony Semiconductor Solutions Corp.
  • STMicroelectronics NV
  • TDK Corp.
  • Texas Instruments Inc.

 

This statistical study of the TOF sensor market encompasses successful business strategies deployed by the key vendors. The time-of-flight sensor market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market.

Product Insights and News

  • Broadcom.com - The company offers time-of-flight sensor that includes Evaluation Kit for Time-of-Flight Sensor, Time-of-Flight Sensor Module for Distance Measurement, and Time-of-Flight 3D Sensors which is used to measure and provides depth-mapping capabilities.
  • Infineon.com - The company offers a time-of-flight sensor that includes Infineon REAL3 time-of-flight image sensors which enable the most accurate and reliable depth sensing in numerous applications.
  • Melexis.com - The company offers a time-of-flight sensor that includes MLX75027 automotive VGA time-of-flight sensor which provides a complete time-of-flight sensing solution with full VGA depth map resolution up to 135 distance frames per second.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The TOF sensor market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Time-of-flight (TOF) Sensor Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the time-of-flight sensor market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

Which are the Key Regions for Time-of-flight (TOF) Sensor Market?

Time-of-flight (TOF) Sensor Market Share by Geography

For more insights on the market share of various regions Request PDF Sample now!

50% of the market’s growth will originate from APAC during the forecast period. US, China, and Taiwan are the key markets for the time-of-flight (TOF) sensor market in APAC. Market growth in this region will be faster than the growth of the market in other regions.

The growing demand for high-quality, camera-enabled mobile devices, digital cameras, and machine vision devices across the developing countries in the region, including India and China will facilitate the time-of-flight (TOF) sensor market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID Impact and Recovery Analysis

The outbreak adversely impacted the growth of several end-user industries in the region, including automotive, electronics, and industrial, especially during the first half of 2020. However, with the gradual recovery from the outbreak of COVID-19, these industries witnessed a surge in the demand for TOF sensors during the second half of 2020 and are expected to continue during the forecast period. 

What are the Revenue-generating Application Segments in the Time-of-flight (TOF) Sensor Market?

Time-of-flight (TOF) Sensor Market Share

To gain further insights on the market contribution of various segments Request PDF Sample

The time-of-flight (TOF) sensor market share growth by the consumer electronics segment will be significant during the forecast period. The contribution of the consumer electronics applications in the global TOF sensor market has been the highest because of the large consumer base for the products in this segment that use TOF sensors, such as smartphones, tablets, personal computers, and digital cameras. Wearables like smartwatches and fitness devices are also increasingly incorporating TOF sensors. Such factors will drive the segment growth during the forecast period.

This report provides an accurate prediction of the contribution of all the segments to the growth of the TOF sensor market size and actionable market insights on post COVID-19 impact on each segment.

 

Time-of-flight (TOF) Sensor Market Scope

Report Coverage

Details

Page number

120

Base year

2021

Forecast period

2022-2026

Growth momentum & CAGR

Accelerate at a CAGR of 29.43%

Market growth 2022-2026

$ 1.84 billion

Market structure

Fragmented

YoY growth (%)

29.23

Regional analysis

APAC, North America, Europe, South America, and Middle East and Africa

Performing market contribution

APAC at 50%

Key consumer countries

US, China, Taiwan, Germany, and France

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

Adafruit Industries LLC, ams AG, Balluff GmbH, BECOM Electronics GmbH, Broadcom Inc., ESPROS Photonics Corp., Infineon Technologies AG, iris-GmbH infrared and intelligent sensors, Keyence India Pvt. Ltd., Melexis NV, Panasonic Holdings Corp., pmdtechnologies AG, Pololu Corp., Renesas Electronics Corp., Seeed Technology Co. Ltd., Sharp Corp., Sony Semiconductor Solutions Corp., STMicroelectronics NV, TDK Corp., and Texas Instruments Inc.

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period

Customization purview

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What are the Key Data Covered in this Time-of-flight (TOF) Sensor Market Report?

  • CAGR of the market during the forecast period 2022-2026
  • Detailed information on factors that will drive time-of-flight (TOF) sensor market growth during the next five years
  • Precise estimation of the time-of-flight (TOF) sensor market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the time-of-flight (TOF) sensor industry across APAC, North America, Europe, South America, and Middle East and Africa
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of time-of-flight (TOF) sensor market vendors

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1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by Application
    • Exhibit 06: Executive Summary – Chart on Incremental Growth
    • Exhibit 07: Executive Summary – Data Table on Incremental Growth
    • Exhibit 08: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 09: Parent market
    • Exhibit 10: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 11: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 12: Market segments
  • 3.3 Market size 2021
    • 3.4 Market outlook: Forecast for 2021-2026
      • Exhibit 13: Chart on Global - Market size and forecast 2021-2026 ($ million)
      • Exhibit 14: Data Table on Global - Market size and forecast 2021-2026 ($ million)
      • Exhibit 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)
      • Exhibit 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)

    4 Five Forces Analysis

    • 4.1 Five forces summary
      • Exhibit 17: Five forces analysis - Comparison between 2021 and 2026
    • 4.2 Bargaining power of buyers
      • Exhibit 18: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026
    • 4.3 Bargaining power of suppliers
      • Exhibit 19: Bargaining power of suppliers – Impact of key factors in 2021 and 2026
    • 4.4 Threat of new entrants
      • Exhibit 20: Threat of new entrants – Impact of key factors in 2021 and 2026
    • 4.5 Threat of substitutes
      • Exhibit 21: Threat of substitutes – Impact of key factors in 2021 and 2026
    • 4.6 Threat of rivalry
      • Exhibit 22: Threat of rivalry – Impact of key factors in 2021 and 2026
    • 4.7 Market condition
      • Exhibit 23: Chart on Market condition - Five forces 2021 and 2026

    5 Market Segmentation by Application

    • 5.1 Market segments
      • Exhibit 24: Chart on Application - Market share 2021-2026 (%)
      • Exhibit 25: Data Table on Application - Market share 2021-2026 (%)
    • 5.2 Comparison by Application
      • Exhibit 26: Chart on Comparison by Application
      • Exhibit 27: Data Table on Comparison by Application
    • 5.3 Consumer electronics - Market size and forecast 2021-2026
      • Exhibit 28: Chart on Consumer electronics - Market size and forecast 2021-2026 ($ million)
      • Exhibit 29: Data Table on Consumer electronics - Market size and forecast 2021-2026 ($ million)
      • Exhibit 30: Chart on Consumer electronics - Year-over-year growth 2021-2026 (%)
      • Exhibit 31: Data Table on Consumer electronics - Year-over-year growth 2021-2026 (%)
    • 5.4 Automotive - Market size and forecast 2021-2026
      • Exhibit 32: Chart on Automotive - Market size and forecast 2021-2026 ($ million)
      • Exhibit 33: Data Table on Automotive - Market size and forecast 2021-2026 ($ million)
      • Exhibit 34: Chart on Automotive - Year-over-year growth 2021-2026 (%)
      • Exhibit 35: Data Table on Automotive - Year-over-year growth 2021-2026 (%)
    • 5.5 Industrial - Market size and forecast 2021-2026
      • Exhibit 36: Chart on Industrial - Market size and forecast 2021-2026 ($ million)
      • Exhibit 37: Data Table on Industrial - Market size and forecast 2021-2026 ($ million)
      • Exhibit 38: Chart on Industrial - Year-over-year growth 2021-2026 (%)
      • Exhibit 39: Data Table on Industrial - Year-over-year growth 2021-2026 (%)
    • 5.6 Medical - Market size and forecast 2021-2026
      • Exhibit 40: Chart on Medical - Market size and forecast 2021-2026 ($ million)
      • Exhibit 41: Data Table on Medical - Market size and forecast 2021-2026 ($ million)
      • Exhibit 42: Chart on Medical - Year-over-year growth 2021-2026 (%)
      • Exhibit 43: Data Table on Medical - Year-over-year growth 2021-2026 (%)
    • 5.7 Others - Market size and forecast 2021-2026
      • Exhibit 44: Chart on Others - Market size and forecast 2021-2026 ($ million)
      • Exhibit 45: Data Table on Others - Market size and forecast 2021-2026 ($ million)
      • Exhibit 46: Chart on Others - Year-over-year growth 2021-2026 (%)
      • Exhibit 47: Data Table on Others - Year-over-year growth 2021-2026 (%)
    • 5.8 Market opportunity by Application
      • Exhibit 48: Market opportunity by Application ($ million)

    6 Customer Landscape

    • 6.1 Customer landscape overview
      • Exhibit 49: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    7 Geographic Landscape

    • 7.1 Geographic segmentation
      • Exhibit 50: Chart on Market share by geography 2021-2026 (%)
      • Exhibit 51: Data Table on Market share by geography 2021-2026 (%)
    • 7.2 Geographic comparison
      • Exhibit 52: Chart on Geographic comparison
      • Exhibit 53: Data Table on Geographic comparison
    • 7.3 APAC - Market size and forecast 2021-2026
      • Exhibit 54: Chart on APAC - Market size and forecast 2021-2026 ($ million)
      • Exhibit 55: Data Table on APAC - Market size and forecast 2021-2026 ($ million)
      • Exhibit 56: Chart on APAC - Year-over-year growth 2021-2026 (%)
      • Exhibit 57: Data Table on APAC - Year-over-year growth 2021-2026 (%)
    • 7.4 North America - Market size and forecast 2021-2026
      • Exhibit 58: Chart on North America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 59: Data Table on North America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 60: Chart on North America - Year-over-year growth 2021-2026 (%)
      • Exhibit 61: Data Table on North America - Year-over-year growth 2021-2026 (%)
    • 7.5 Europe - Market size and forecast 2021-2026
      • Exhibit 62: Chart on Europe - Market size and forecast 2021-2026 ($ million)
      • Exhibit 63: Data Table on Europe - Market size and forecast 2021-2026 ($ million)
      • Exhibit 64: Chart on Europe - Year-over-year growth 2021-2026 (%)
      • Exhibit 65: Data Table on Europe - Year-over-year growth 2021-2026 (%)
    • 7.6 South America - Market size and forecast 2021-2026
      • Exhibit 66: Chart on South America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 67: Data Table on South America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 68: Chart on South America - Year-over-year growth 2021-2026 (%)
      • Exhibit 69: Data Table on South America - Year-over-year growth 2021-2026 (%)
    • 7.7 Middle East and Africa - Market size and forecast 2021-2026
      • Exhibit 70: Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
      • Exhibit 71: Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
      • Exhibit 72: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
      • Exhibit 73: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)
    • 7.8 China - Market size and forecast 2021-2026
      • Exhibit 74: Chart on China - Market size and forecast 2021-2026 ($ million)
      • Exhibit 75: Data Table on China - Market size and forecast 2021-2026 ($ million)
      • Exhibit 76: Chart on China - Year-over-year growth 2021-2026 (%)
      • Exhibit 77: Data Table on China - Year-over-year growth 2021-2026 (%)
    • 7.9 US - Market size and forecast 2021-2026
      • Exhibit 78: Chart on US - Market size and forecast 2021-2026 ($ million)
      • Exhibit 79: Data Table on US - Market size and forecast 2021-2026 ($ million)
      • Exhibit 80: Chart on US - Year-over-year growth 2021-2026 (%)
      • Exhibit 81: Data Table on US - Year-over-year growth 2021-2026 (%)
    • 7.10 Taiwan - Market size and forecast 2021-2026
      • Exhibit 82: Chart on Taiwan - Market size and forecast 2021-2026 ($ million)
      • Exhibit 83: Data Table on Taiwan - Market size and forecast 2021-2026 ($ million)
      • Exhibit 84: Chart on Taiwan - Year-over-year growth 2021-2026 (%)
      • Exhibit 85: Data Table on Taiwan - Year-over-year growth 2021-2026 (%)
    • 7.11 Germany - Market size and forecast 2021-2026
      • Exhibit 86: Chart on Germany - Market size and forecast 2021-2026 ($ million)
      • Exhibit 87: Data Table on Germany - Market size and forecast 2021-2026 ($ million)
      • Exhibit 88: Chart on Germany - Year-over-year growth 2021-2026 (%)
      • Exhibit 89: Data Table on Germany - Year-over-year growth 2021-2026 (%)
    • 7.12 France - Market size and forecast 2021-2026
      • Exhibit 90: Chart on France - Market size and forecast 2021-2026 ($ million)
      • Exhibit 91: Data Table on France - Market size and forecast 2021-2026 ($ million)
      • Exhibit 92: Chart on France - Year-over-year growth 2021-2026 (%)
      • Exhibit 93: Data Table on France - Year-over-year growth 2021-2026 (%)
    • 7.13 Market opportunity by geography
      • Exhibit 94: Market opportunity by geography ($ million)

    8 Drivers, Challenges, and Trends

    • 8.1 Market drivers
      • 8.2 Market challenges
        • 8.3 Impact of drivers and challenges
          • Exhibit 95: Impact of drivers and challenges in 2021 and 2026
        • 8.4 Market trends

          9 Vendor Landscape

          • 9.1 Overview
            • 9.2 Vendor landscape
              • Exhibit 96: Overview on Criticality of inputs and Factors of differentiation
            • 9.3 Landscape disruption
              • Exhibit 97: Overview on factors of disruption
            • 9.4 Industry risks
              • Exhibit 98: Impact of key risks on business

            10 Vendor Analysis

            • 10.1 Vendors covered
              • Exhibit 99: Vendors covered
            • 10.2 Market positioning of vendors
              • Exhibit 100: Matrix on vendor position and classification
            • 10.3 Adafruit Industries LLC
              • Exhibit 101: Adafruit Industries LLC - Overview
              • Exhibit 102: Adafruit Industries LLC - Product / Service
              • Exhibit 103: Adafruit Industries LLC - Key offerings
            • 10.4 ams AG
              • Exhibit 104: ams AG - Overview
              • Exhibit 105: ams AG - Business segments
              • Exhibit 106: ams AG - Key news
              • Exhibit 107: ams AG - Key offerings
              • Exhibit 108: ams AG - Segment focus
            • 10.5 Broadcom Inc.
              • Exhibit 109: Broadcom Inc. - Overview
              • Exhibit 110: Broadcom Inc. - Business segments
              • Exhibit 111: Broadcom Inc. - Key news
              • Exhibit 112: Broadcom Inc. - Key offerings
              • Exhibit 113: Broadcom Inc. - Segment focus
            • 10.6 Infineon Technologies AG
              • Exhibit 114: Infineon Technologies AG - Overview
              • Exhibit 115: Infineon Technologies AG - Business segments
              • Exhibit 116: Infineon Technologies AG - Key news
              • Exhibit 117: Infineon Technologies AG - Key offerings
              • Exhibit 118: Infineon Technologies AG - Segment focus
            • 10.7 Melexis NV
              • Exhibit 119: Melexis NV - Overview
              • Exhibit 120: Melexis NV - Business segments
              • Exhibit 121: Melexis NV - Key offerings
              • Exhibit 122: Melexis NV - Segment focus
            • 10.8 Renesas Electronics Corp.
              • Exhibit 123: Renesas Electronics Corp. - Overview
              • Exhibit 124: Renesas Electronics Corp. - Business segments
              • Exhibit 125: Renesas Electronics Corp. - Key offerings
              • Exhibit 126: Renesas Electronics Corp. - Segment focus
            • 10.9 Sharp Corp.
              • Exhibit 127: Sharp Corp. - Overview
              • Exhibit 128: Sharp Corp. - Business segments
              • Exhibit 129: Sharp Corp. - Key news
              • Exhibit 130: Sharp Corp. - Key offerings
              • Exhibit 131: Sharp Corp. - Segment focus
            • 10.10 STMicroelectronics NV
              • Exhibit 132: STMicroelectronics NV - Overview
              • Exhibit 133: STMicroelectronics NV - Business segments
              • Exhibit 134: STMicroelectronics NV - Key news
              • Exhibit 135: STMicroelectronics NV - Key offerings
              • Exhibit 136: STMicroelectronics NV - Segment focus
            • 10.11 TDK Corp.
              • Exhibit 137: TDK Corp. - Overview
              • Exhibit 138: TDK Corp. - Business segments
              • Exhibit 139: TDK Corp. - Key offerings
              • Exhibit 140: TDK Corp. - Segment focus
            • 10.12 Texas Instruments Inc.
              • Exhibit 141: Texas Instruments Inc. - Overview
              • Exhibit 142: Texas Instruments Inc. - Business segments
              • Exhibit 143: Texas Instruments Inc. - Key news
              • Exhibit 144: Texas Instruments Inc. - Key offerings
              • Exhibit 145: Texas Instruments Inc. - Segment focus

            11 Appendix

            • 11.1 Scope of the report
              • 11.2 Inclusions and exclusions checklist
                • Exhibit 146: Inclusions checklist
                • Exhibit 147: Exclusions checklist
              • 11.3 Currency conversion rates for US$
                • Exhibit 148: Currency conversion rates for US$
              • 11.4 Research methodology
                • Exhibit 149: Research methodology
                • Exhibit 150: Validation techniques employed for market sizing
                • Exhibit 151: Information sources
              • 11.5 List of abbreviations
                • Exhibit 152: List of abbreviations
              • adoption of automation in manufacturing the process: The requirement of automation has evolved multifold in the industrial environment. The automation solutions have improved from the implementation of fixed automation to the current flexible and integrated automation, which enables end-users to integrate various processes into a single closed solution. The need to address optimization of processes, extend the level of autonomous processes, continuous monitoring and control of process parameters and safety concerns are driving the implementation of flexible automation solutions in the process and discrete industries.

                Research Framework

                Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

                TechnavioINFORMATION SOURCES

                Primary sources

                • Manufacturers and suppliers
                • Channel partners
                • Industry experts
                • Strategic decision makers

                Secondary sources

                • Industry journals and periodicals
                • Government data
                • Financial reports of key industry players
                • Historical data
                • Press releases
                Technavio

                TechnavioDATA ANALYSIS

                Data Synthesis

                • Collation of data
                • Estimation of key figures
                • Analysis of derived insights

                Data Validation

                • Triangulation with data models
                • Reference against proprietary databases
                • Corroboration with industry experts
                Technavio

                TechnavioREPORT WRITING

                Qualitative

                • Market drivers
                • Market challenges
                • Market trends
                • Five forces analysis

                Quantitative

                • Market size and forecast
                • Market segmentation
                • Geographical insights
                • Competitive landscape
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                Time-of-flight (TOF) Sensor Market market growth will increase by $1.84 bn during 2022-2026.
                The time-of-flight (tof) sensor market market is expected to grow at a CAGR of 29.43% during 2022-2026.
                Technavio has segmented the time-of-flight (tof) sensor market market by application (Consumer electronics, Automotive, Industrial, Medical, and Others) and geography (APAC, North America, Europe, South America, and Middle East and Africa).
                Adafruit Industries LLC, ams AG, Balluff GmbH, BECOM Electronics GmbH, Broadcom Inc., ESPROS Photonics Corp., Infineon Technologies AG, iris-GmbH infrared and intelligent sensors, Keyence India Pvt. Ltd., Melexis NV, Panasonic Holdings Corp., pmdtechnologies AG, Pololu Corp., Renesas Electronics Corp., Seeed Technology Co. Ltd., Sharp Corp., Sony Semiconductor Solutions Corp., STMicroelectronics NV, TDK Corp., Texas Instruments Inc. are a few of the key vendors in the time-of-flight (tof) sensor market market.
                APAC will register the highest growth rate of 50% among the other regions. Therefore, the time-of-flight (tof) sensor market market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.
                The key factors driving the time-of-flight (tof) sensor market market growth are:
                • Rise in popularity of 3D cameras
                • Virtual reality experience through drones
                The time-of-flight (tof) sensor market market vendors should focus on grabbing business opportunities from the consumer electronics segment as it accounted for the largest market share in the base year.
                • What are the key global market and the regional market share?
                • What are the revenue-generating key market segments?
                • What are the key factors driving and challenging this market’s growth?
                • Who are the key market vendors and their growth strategies?
                • What are the latest trends influencing the growth of this market?
                • What are the variables influencing the market growth in the primary regions?
                • What are the factors influencing the growth of the parent market?
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