Time-of-Flight (TOF) Sensor Market Share

Market Share of Time-of-Flight (TOF) Sensor Industry

The Time-of-Flight (TOF) Sensor Market is highly fragmented. The brand identity associated with established companies, like Sony Corporation and STMicroelectronics NV, includes a major influence in this market. Strong brands are synonymous with good performance, so long-standing players are expected for an upper hand. Considering their market penetration and the ability to invest in new technologies, the competitive rivalry is expected to continue to be high. Moreover, vendors are investing significantly in the market due to increasing competition.

• June 2023: Texas Instruments Inc. announced plans to expand its internal manufacturing footprint in Malaysia with two new assembly and test factories in Kuala Lumpur and Melaka. Through this expansion, the company aims to support its plan to bring 90% of its internal assembly and test operations by 2030 and include greater supply control.
• January 2023: Hydra3D+, a new Time-of-Flight (ToF) CMOS image sensor with 832 x 600 pixel resolution designed for flexible 3D detection and measurement, is released by Teledyne e2v, a division of Teledyne Technologies. Due to an inventive on-chip multi-system management function, the sensor can operate alongside numerous active systems without interference, resulting in inaccurate data.

Time-of-flight (TOF) Sensor Market Leaders

1. Texas Instruments Incorporated

2. STMicroelectronics NV

3. Infineon Technologies AG

4. Panasonic Corporation

5. Sony Corporation

*Disclaimer: Major Players sorted in no particular order