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Contrive Datum InsightsGlobal Research And Consulting A complete solution to explore all the potential aspect to drive the growth of the business industries. Time Of Flight (TOF) Sensors Market
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Clientele: Some of the global leading clients that we have served:
Clientele: Some of the global leading clients that we have served:
MarketOverview The global time-of-flight (ToF) sensor market size was valued at USD 3.28 Billion in 2022. It is expected to reach USD 13.93 Billion by 2030, growing at a CAGR of 17.44% during the forecast period (2022–2030). In the coming years, ease of use will increase the demand for 3D scanning technology. Time-of-flight is an active 3D imaging and scanning technology that is expected to form a new trend in TOF sensor demand along with biometric authentication. Secure authentication or payment by facial recognition incorporating a time-of-flight sensor is necessary in today's world for security purposes. At CES 2020, companies like Infineon are collaborating with software and 3D Time of Flight systems specialist PMD Technologies AG to showcase 3D depth sensors for biometric face authentication and enhanced photo capabilities in smart devices.
Regional Analysis Asia Pacific is the most significant shareholder in the global flight hours market and is projected to grow at a CAGR of 18.26% during the forecast period. As a result of the large number of manufacturing facilities and brands for consumer electronics and smartphones, China is expected to hold the majority of the ToF sensor market. By 2022, China is projected to be the global leader in AI technology, with a significant portion of its expanding sector expected to adopt AI-powered cameras. R&D and investments in factory automation and technology are encouraged by Chinese government initiatives such as the Made in China 2025 initiative. The “Made in China” initiative seeks to increase domestic production of automation equipment as most of it is imported from other countries.
Time Of Flight (TOF) Sensors Market has been segmented into: • ByType • RF-Modulated Light Sources • Range Gated Imagers • Direct Time-Of-Flight Imagers • ByApplication • Automotive • Industrial • Healthcare • Smart Advertising • Entertainment
Strategic Developments • August 2022 - Berlin-based startup Industrial Analytics is acquired by Infineon Technologies AG. Infineon is strengthening its artificial intelligence software and services business to perform predictive analytics on machinery and industrial equipment. Infineon is acquiring all outstanding shares. The value of the transaction is not disclosed by agreement between the parties. • September 2022 - Surgical endoscopy systems with 4K, 3D, infrared (IR) imaging of the stomach and surgical visualization capabilities such as NBI were developed by Sony Corporation, Olympus Corporation, and a joint venture between Sony and Sony Olympus Medical Solutions Inc. . Olympus, three companies announced today (Narrow Band Imaging). After September 2022, Olympus will sell this system as "VISERA ELITE III" in Europe, Middle East and Africa (EMEA) and select regions of Asia, Oceania and Japan.
Market Players • Texas Instruments, • STMicroelectronics, • PMD Technologies, • Infineon, • PrimeSense (Apple), • MESA (Heptagon), • Melexis, Intersil, • Canesta (Microsoft), • Espros Photonics, • TriDiCam, • Broadcom Limited, • And Others.
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