Press release
Driver IC market was valued at US$ 14 million in 2022 and is anticipated to reach US$ 142.3 million by 2029, witnessing a CAGR of 38.8% - Valuates reports
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ToF (Time-of-Flight) is a 3D sensing technology that calculates the distance and depth between objects by measuring the time of flight of light. It is a technology that recognizes the three-dimensional effect, spatial information and motion of an object by calculating the distance to the object after measuring the time of the reflected signal by sending infrared wavelengths to the object, so it is applied to Augmented Reality (AR) and Virtual Reality (VR). The ToF sensor must be driven with a Driver IC. In automotive applications, ToF can be used for autonomous driving, collision avoidance automatic braking, and OOP as depth ranging, such as lidar and smart cameras.
The global Automobile ToF The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
The largest automobile ToF driver IC manufacturer in the world is Melexis, which accounts for about 72% of the global market share. Europe is the world's largest market with over 50% market share, followed by Asia-Pacific and North America with nearly 25% and 15% respectively.In terms of product, dToF driver IC is the largest segment, with a share over 83%. And in terms of application, the largest application is passenger car, followed by commercial vehicle.
This report aims to provide a comprehensive presentation of the global market for Automobile ToF Driver IC, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Automobile ToF Driver IC.
The Automobile ToF Driver IC market size, estimations, and forecasts are provided in terms of output/shipments (K Units) and revenue ($ millions), considering 2022 as the base year, with history and forecast data for the period from 2018 to 2029. This report segments the global Automobile ToF Driver IC market comprehensively. Regional market sizes, concerning products by type, by application and by players, are also provided.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
The report will help the Automobile ToF Driver IC manufacturers, new entrants, and industry chain related companies in this market with information on the revenues, production, and average price for the overall market and the sub-segments across the different segments, by company, by type, by application, and by regions.
Segment by Type
dToF Driver IC
iToF Driver IC
Segment by Application
Passenger Car
Commercial Vehicle
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