North America Time Of Flight Sensor Market Size & Outlook
The time of flight sensor market in North America is expected to reach a projected revenue of US$ 3,985.9 million by 2030. A compound annual growth rate of 18.4% is expected of North America time of flight sensor market from 2024 to 2030.
Revenue, 2023 (US$M)
$1,223.9
Forecast, 2030 (US$M)
$3,985.9
CAGR, 2024 - 2030
18.4%
Report Coverage
North America
North America time of flight sensor market highlights
- The North America time of flight sensor market generated a revenue of USD 1,223.9 million in 2023.
- The market is expected to grow at a CAGR of 18.4% from 2024 to 2030.
- In terms of segment, direct time-of-flight sensors was the largest revenue generating product type in 2023.
- Direct Time-of-Flight Sensors is the most lucrative product type segment registering the fastest growth during the forecast period.
North America data book summary
| Market revenue in 2023 | USD 1,223.9 million |
| Market revenue in 2030 | USD 3,985.9 million |
| Growth rate | 18.4% (CAGR from 2023 to 2030) |
| Largest segment | Direct time-of-flight sensors |
| Fastest growing segment | Direct Time-of-Flight Sensors |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Direct Time-of-Flight Sensors |
Other key industry trends
- In terms of revenue, North America region accounted for 27.6% of the global time of flight sensor market in 2023.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 7,051.1 million by 2030.
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Time of Flight Sensor Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| BECOM Systems | View profile | 251-500 | Gasse, Tirol, Austria, Europe | https://www.becom-group.com/en/becom-systems/ |
| ifm ecomatic | View profile | 1001-5000 | Essen, Nordrhein-Westfalen, Germany, Europe | https://www.ifm-electronic.com |
| Melexis | View profile | 1001-5000 | Bruges, West-Vlaanderen, Belgium, Europe | https://www.melexis.com |
| Sharp Corp | View profile | 46200 | 1 Takumi-machi, Sakai-ku, Sakai-shi, Osaka, Japan, 590-8522 | https://www.sharp.co.jp |
| Teledyne Technologies Inc | View profile | 14900 | 1049 Camino Dos Rios, Thousand Oaks, CA, United States, 91360-2362 | https://www.teledyne.com |
| Keyence Corp | View profile | 10580 | 1-3-14, Higashi-nakajima, Higashi-Yodogawa, Osaka, Japan, 533-8555 | http://www.keyence.co.jp |
| Texas Instruments Inc | View profile | 34000 | 12500 TI Boulevard, Dallas, TX, United States, 75243 | https://www.ti.com |
| Panasonic Holdings Corp | View profile | 230025 | 1006, Oaza Kadoma, Kadoma-shi, Osaka, Japan, 571-8501 | https://holdings.panasonic |
| Infineon Technologies AG | View profile | 59364 | Am Campeon 1-15, Neubiberg, Munich, Germany, 85579 | https://www.infineon.com |
| STMicroelectronics NV | View profile | 51323 | 39, Chemin du Champ des Filles, Plan-Les-Ouates, Geneva, Switzerland, 1228 | https://www.st.com |
| Sony Group Corp ADR | View profile | 113000 | 7-1, Konan 1-Chome, Minato-ku, Tokyo, Japan, 108-0075 | https://www.sony.com |
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