Middle East & Africa 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 Middle East & Africa time-of-flight sensor market is expected to grow from US$ 107.61 million in 2022 to US$ 268.00 million by 2028. It is estimated to grow at a CAGR of 16.4% from 2022 to 2028.
Increasing Use of Time-of-Flight Technology in Autonomous Mobile Robots in Middle East & Africa Time-of-Flight Sensor Market
The time-of-flight technology helps provide advanced 3D imaging for mobile robots. The time-of-flight cameras use a sensor, lighting unit, and depth processing unit, which assist mobile robots in calculating depth. Thus, the technology makes it easy to evaluate distance in a full scene with just one laser pulse. Therefore, it is widely adopted in industries requiring information on real-time depth and visuals. In addition, the lighting unit of the camera helps perform its tasks in brightly-lit conditions or complete darkness. Furthermore, in warehouse operations, time-of-flight cameras can provide depth-sensing intelligence for Automated Guided Vehicles (AGVs) and Autonomous Mobile Robots (AMRs). The cameras can be used to perceive the surroundings and capture depth imaging data, which further helps undertake business-critical functions with accuracy, convenience, and speed. Hence, the demand for time-of-flight cameras is increasing, pushing the market players to develop technologically advanced time-of-flight cameras. In May 2022, e-con Systems announced the launch of DepthVista, a Time-of-flight camera with a ToF depth sensor for depth measurement and the AR0234 color global shutter sensor for object identification. Thus, such innovations by the market players and the rising adoption of Time-of-Flight Sensors in AMRs will create lucrative opportunities for the Time-of-Flight Sensors market during the forecast period.
Middle East & Africa Time-Of-Flight Sensor Market Overview
The Middle East & Africa time-of-flight sensor market is segmented into South Africa, Saudi Arabia, the UAE, and the Rest of the MEA. The Middle East & Africa time-of-flight sensor market growth in the region is attributed to the growing automotive industry. The Gulf region is home to more than 2 million vehicles, consisting of light, medium, and heavy commercial vehicles. The increasing domestic demand for high-end cars with incorporated ToF sensors in Dubai is driving the Time-of-Flight Sensor market growth in the Middle East & Africa. Furthermore, according to the Dubai Chamber of Commerce and Industry, Dubai’s value of export and re-export of vehicles surged by 21.8% year-on-year in 2021, reaching US$ 40.10 billion. Thus, the growing automotive industry in the region is further fueling the market growth. In addition, the ongoing growth in the medical industry in Saudi Arabia has the potential to rise the demand for Time-of-Flight Sensors as it is used in the health monitoring devices, thus fueling the growth of Middle East & Africa time-of-flight sensor market during the forecast period. The country accounts for ~60% of the total healthcare expenditure of the Gulf Cooperation Council (GCC) countries. According to the International Trade Administration of the US Department of Commerce, in 2022, Saudi Arabia announced the spending of US$ 36.8 billion on healthcare and social development, which is 14.4% of its 2022 budget. In addition, the Saudi Arabian Government is planning to invest ~US$ 65 billion to have a well-developed healthcare infrastructure by 2030. Thus, the growing investment in healthcare infrastructure will further boost the growth of Middle East & Africa Time-of-Flight Sensor market.
Middle East & Africa Time-Of-Flight Sensor market Revenue and Forecast to 2028 (US$ Million)
Middle East & Africa Time-Of-Flight Sensor market Segmentation
The Middle East & Africa Time-Of-Flight Sensor market is segmented on the basis of device type, vertical, and country. Based on device type, the Middle East & Africa 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 Middle East & Africa 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 Middle East & Africa time-of-flight sensor market is segmented into South Africa, Saudi Arabia, UAE, and the Rest of MEA. South Africa 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 Middle East & Africa time-of-flight sensor market.
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Middle East & Africa Time-of-Flight Sensor Market Landscape
4.1 Market Overview
4.2 Middle East & Africa PEST Analysis
4.3 Ecosystem Analysis
4.4 Expert Opinion
5. Middle East & Africa Time-of-Flight Sensor Market- Key Market Dynamics
5.1 Market Drivers
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– Middle East & Africa Market Analysis
6.1 Middle East & Africa Time-of-Flight Sensor Market Overview
6.2 Middle East & Africa Time-of-Flight Sensor Market Forecast and Analysis
7. Middle East & Africa Time-of-Flight Sensor Market Analysis – by Device Type
7.1 Overview
7.2 Middle East & Africa 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. Middle East & Africa Time-of-Flight Sensor Market Analysis – by Vertical
8.1 Overview
8.2 Middle East & Africa 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. Middle East & Africa Time-of-Flight Sensor Market – Country Analysis
9.1 Overview
9.1.1 MEA: Time-of-Flight Sensor Market, by Key Country
9.1.1.1 UAE: Time-of-Flight Sensor Market – Revenue and Forecast to 2028 (US$ Million)
9.1.1.1.1 UAE: Time-of-Flight Sensor Market, by Device Type
9.1.1.1.2 UAE: Time-of-Flight Sensor Market, by Vertical
9.1.1.2 South Africa: Time-of-Flight Sensor Market – Revenue and Forecast to 2028 (US$ Million)
9.1.1.2.1 South Africa: Time-of-Flight Sensor Market, by Device Type
9.1.1.2.2 South Africa: Time-of-Flight Sensor Market, by Vertical
9.1.1.3 Saudi Arabia: Time-of-Flight Sensor Market – Revenue and Forecast to 2028 (US$ Million)
9.1.1.3.1 Saudi Arabia: Time-of-Flight Sensor Market, by Device Type
9.1.1.3.2 Saudi Arabia: Time-of-Flight Sensor Market, by Vertical
9.1.1.4 Rest of MEA: Time-of-Flight Sensor Market – Revenue and Forecast to 2028 (US$ Million)
9.1.1.4.1 Rest of MEA: Time-of-Flight Sensor Market, by Device Type
9.1.1.4.2 Rest of MEA: 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. Middle East & Africa Time-of-Flight Sensor Market, Revenue and Forecast, 2019–2028 (US$ Million)
Table 2. MEA: Time-of-Flight Sensor Market, by Country – Revenue and Forecast to 2028 (US$ Million)
Table 3. UAE: Time-of-Flight Sensor Market, by Device Type – Revenue and Forecast to 2028 (US$ Million)
Table 4. UAE: Time-of-Flight Sensor Market, by Vertical – Revenue and Forecast to 2028 (US$ Million)
Table 5. South Africa: Time-of-Flight Sensor Market, by Device Type – Revenue and Forecast to 2028 (US$ Million)
Table 6. South Africa: Time-of-Flight Sensor Market, by Vertical – Revenue and Forecast to 2028 (US$ Million)
Table 7. Saudi Arabia: Time-of-Flight Sensor Market, by Device Type – Revenue and Forecast to 2028 (US$ Million)
Table 8. Saudi Arabia: Time-of-Flight Sensor Market, by Vertical – Revenue and Forecast to 2028 (US$ Million)
Table 9. Rest of MEA: Time-of-Flight Sensor Market, by Device Type – Revenue and Forecast to 2028 (US$ Million)
Table 10. Rest of MEA: Time-of-Flight Sensor Market, by Vertical – Revenue and Forecast to 2028 (US$ Million)
Table 11. List of Abbreviation
LIST OF FIGURES
Figure 1. Middle East & Africa Time-of-Flight Sensor Market Segmentation
Figure 2. Middle East & Africa Time-of-Flight Sensor Market Segmentation – by Country
Figure 3. Middle East & Africa Time-of-Flight Sensor Market Overview
Figure 4. Middle East & Africa Time-of-Flight Sensor Market, By Device type
Figure 5. Middle East & Africa Time-of-Flight Sensor Market, By Country
Figure 6. Middle East & Africa: PEST Analysis
Figure 7. Time-of-Flight Sensor Market Ecosystem Analysis
Figure 8. Expert Opinion
Figure 9. Middle East & Africa Time-of-Flight Sensor Market: Impact Analysis of Drivers and Restraints
Figure 10. Middle East & Africa Time-of-Flight Sensor Market, Forecast and Analysis (US$ Million)
Figure 11. Middle East & Africa Time-of-Flight Sensor Market, by Device Type (2021 and 2028)
Figure 12. RF-Modulated Light Sources with Phase Detectors: Middle East & Africa Time-of-Flight Sensor Market Revenue and Forecast to 2028 (US$ Million)
Figure 13. Range-Gated Imagers: Middle East & Africa Time-of-Flight Sensor Market Revenue and Forecast to 2028 (US$ Million)
Figure 14. Direct Time-of-Flight Imagers: Middle East & Africa Time-of-Flight Sensor Market Revenue and Forecast to 2028 (US$ Million)
Figure 15. Middle East & Africa Time-of-Flight Sensor Market, by Vertical (2021 and 2028)
Figure 16. Automotive: Middle East & Africa Time-of-Flight Sensor Market Revenue and Forecast to 2028 (US$ Million)
Figure 17. Consumer Electronics: Middle East & Africa Time-of-Flight Sensor Market Revenue and Forecast to 2028 (US$ Million)
Figure 18. Gaming and Entertainment: Middle East & Africa Time-of-Flight Sensor Market Revenue and Forecast to 2028 (US$ Million)
Figure 19. Industrial: Middle East & Africa Time-of-Flight Sensor Market Revenue and Forecast to 2028 (US$ Million)
Figure 20. Healthcare: Middle East & Africa Time-of-Flight Sensor Market Revenue and Forecast to 2028 (US$ Million)
Figure 21. Aerospace and Defense: Middle East & Africa Time-of-Flight Sensor Market Revenue and Forecast to 2028 (US$ Million)
Figure 22. Others: Middle East & Africa Time-of-Flight Sensor Market Revenue and Forecast to 2028 (US$ Million)
Figure 23. Middle East & Africa: Time-of-Flight Sensor Market, by Key Country – Revenue (2021) (US$ Million)
Figure 24. MEA: Time-of-Flight Sensor Market Revenue Share, by Key Country (2021 & 2028)
Figure 25. UAE: Time-of-Flight Sensor Market – Revenue and Forecast to 2028 (US$ Million)
Figure 26. South Africa: Time-of-Flight Sensor Market – Revenue and Forecast to 2028 (US$ Million)
Figure 27. Saudi Arabia: Time-of-Flight Sensor Market – Revenue and Forecast to 2028 (US$ Million)
Figure 28. Rest of MEA: Time-of-Flight Sensor Market – Revenue and Forecast to 2028 (US$ Million)
- 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
- Texas Instruments Inc
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the Middle East & Africa time-of-flight sensor market.
- Highlights key business priorities in order to assist companies to realign their business strategies
- The key findings and recommendations highlight crucial progressive industry trends in the Middle East & Africa time-of-flight sensor market, thereby allowing players across the value chain to develop effective long-term strategies
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
- Scrutinize in-depth Middle East & Africa market trends and outlook coupled with the factors driving the time-of-flight sensor market, as well as those hindering it
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing, and distribution