Time of Flight (ToF) Lidar Market Report: Trends, Insights, and Forecast for 2030

The global Time of Flight (ToF) Lidar Market is projected to grow to USD 5.47 billion by 2030, achieving a robust CAGR of 18.4% from 2025 to 2030.

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This growth is propelled by increasing demand for autonomous vehicles, supportive government initiatives for smart cities, and rising military spending, which drive the adoption of advanced ToF lidar technologies. However, the market faces challenges from alternative sensing technologies, such as stereo depth cameras, which may hinder expansion.

 North America holds the largest market share and is expected to maintain its dominance, fueled by increased military investments in the U.S., Canada, and Mexico, where ToF lidar is prioritized for advanced surveillance, reconnaissance, and targeting systems in defense applications. 

Key industry players are focusing on enhancing the precision, range, and versatility of ToF lidar systems to capture greater market share and leverage the significant growth potential in this dynamic sector.