Advancement in Mobile Technology Has Increased the Demand for Smartphone Sensors Market
Globally, the smartphone sensors market is expected to grow with a CAGR of 5.60% during the forecast period from 2019 to 2027 and had registered a market value of US$ 50.55 Bn in 2018. Smartphones sensors are defined as the sensing device which are integrated in smart phones for collecting data based on different parameters and application with the help applications installed with a smartphones. Some of the common smartphone sensors are light sensors etc, image sensors, accelometer and others. The increasing demand of smartphones among the users is one of the major factor which is driving the smartphone sensors market. Moreover, the feature of touch screen attracks the users. The touch sensor allow the user to interact with different applications installed just by applying minimal pressure on the screen.
Various companies are investing heavily in the development of smartphone sensors based on different applications which is considered as one of the driving factors for the market. The global smartphone sensor is growing at a rapid pace due to rising demand for low and mid range smartphone with the advance feature which is considered as a major factor which is driving the market. To increase the sales companies continuously imporving the user experiences and developing new sensors.
Market Synopsis
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Smartphone Sensors with Mid-range in its Application Segment Continue Dominating the Market
In 2018, the overall smartphone sensors market was dominated by the mid-range segment contributing to more than 45.0% of the global revenue. The segment is expected to continue growing with a significant CAGR during the estimation period. The increasing demand for android devices due to the development of new features and enhancement in the handsets is driving the growth of the market across the globe. Various companies are developing mid-cost handset integrated with the advance features with new sensors which is also contributing to the growth of the market.
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Asia-Pacific Dominates the Market by Region
The global smartphone market was dominated by Asia-Pacific with a market share of than more 45.0% in the year 2018. The rising population and increasing disposable income in the region are considered as one of the major factors driving the market. The presence of various established sensors manufacturing facilities , avability of low cost labor and raw material is some of the factors which are fuelling the growth of the market in the region. Additionally, the region has smartphone manufacturing companies such as Xiaomi Corporation, Sony Corporation, Panasonic Corporation which are investing in the smartphone sensors market which propelling the market growth.
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Some of the prominent players operating in the smartphone sensors are Broadcom., ams AG., STMicroelectronics Maxim Integrated, Melexis., Meggitt PLC., Murata Electronics Co., Ltd., Epson Europe Electronics GmbH, DYNA IMAGE Corporation, EVERLIGHT., OMRON Corporation, Heptagon Technologies Pvt Ltd, Panasonic Corporation, SHARP CORPORATION, SAMSUNG, and Sitronix Technology Corporation.
Historical & Forecast Period
This research report presents the analysis of each segment from 2017 to 2027 considering 2018 as the base year for the research. Compounded Annual Growth Rate (CAGR) for each respective segment calculated for the forecast period from 2019 to 2027.
Report Scope by Segments
The smartphone sensors market report provides market size and estimates based on market dynamics and key trends observed in the industry. The report provides a holistic view of the global smartphone sensors market based on type, applications, and geography. Key segments covered in the report are as follows:
| ATTRIBUTE |
DETAILS |
| Research Period |
2017-2027 |
| Base Year |
2018 |
| Forecast Period |
2019-2027 |
| Historical Year |
2017 |
| Unit |
USD Billion |
| Segmentation |
Type Segment (2017–2027; US$ Bn)
• Biometric Sensors
• Image Sensors
• Accelerometer
• Gyroscope
• Magnetometer
• GPS
• Ambient Light Sensor
• Others
|
|
Applications Segment (2017–2027; US$ Bn)
• High End
• Mid-range
• Low End
|
|
Geography Segment (2017–2027; US$ Bn)
• North America (U.S., Rest of North America)
• Europe (U.K., Germany, France, Rest of Europe)
• Asia Pacific (China, Japan, India, Rest of Asia Pacific)
• Rest of the World (Middle East & Africa, Latin America)
|
Key questions answered in this report
- What was the market size of smartphone sensors in 2018 and forecast up to 2027?
- Which is the largest regional market mid-range in its application segment?
- What are the major trends followed in the smartphone market across different regions?
- Who is the key smartphone companies leading the market?
- What are the key strategies adopted by the leading smartphone companies in the market?
Unique data points of this report
- Statistics on smartphone sensors penetration and spending worldwide
- Recent trends across different regions in terms of the adoption of smartphone sensors.
- Notable developments going on in the smartphone sensors market
- Attractive investment proposition for segments as well as geography
- The comparative scenario for all the segments for years 2018 (actual) and 2027 (forecast)
