Advancements in mobile technology have increased the demand for smartphone sensors.
Globally, the smartphone sensors market is expected to grow at a CAGR of 5.60% between 2019 and 2027, with a market value of US$ 50.55 billion in 2018. Smartphone sensors are defined as sensing devices that are integrated into smartphones for collecting data based on different parameters and applications with the help of applications installed on the smartphone. Some of the common smartphone sensors are light sensors, etc., image sensors, an accelerometer, and others. The increasing demand for smartphones among users is one of the major factors driving the smartphone sensor market. Moreover, the feature of a touch screen attracts users. The touch sensor allows the user to interact with the different applications installed just by applying minimal pressure to the screen.
Various companies are investing heavily in the development of smartphone sensors based on different applications, which is considered one of the driving factors for the market. The global smartphone market is growing at a rapid pace due to rising demand for low- and mid-range smartphones with advanced features, which is considered a major factor driving the market. To increase sales, companies are continuously improving the user experience and developing new sensors.
Market Synopsis
Smartphone sensors in their application segments with a mid-range continue to dominate the market.
In 2018, the overall smartphone sensor market was dominated by the mid-range segment, which contributed to more than 45.0% of 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 enhancements in the handsets is driving the growth of the market across the globe. Various companies are developing mid-range handsets integrated with advanced features and new sensors, which is also contributing to the growth of the market.
Asia-Pacific Dominates the Market by Region
The global smartphone market was dominated by Asia-Pacific, with a market share of more than 45.0% in the year 2018. The rising population and increasing disposable income in the region are considered as one the major factors driving the market. The presence of various established sensor manufacturing facilities and the availability 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, and Panasonic Corporation, which are investing in the smartphone sensors market, propelling the market growth.
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 sensor market based on type, applications, and geography. Key segments covered in the report are as follows:
Key questions are answered in this report.
What was the market size of smartphone sensors in 2018, and what is the forecast up to 2027?
Which is the largest regional market in the mid-range of its application segment?
What are the major trends followed in the smartphone market across different regions?
Who are the key smartphone companies leading the market?
What are the key strategies adopted by the leading smartphone companies in the market?
This report's distinct data points
Statistics on smartphone sensor penetration and spending worldwide
Recent trends across different regions in terms of the adoption of smartphone sensors
Notable developments are going on in the smartphone sensor market.
Attractive investment proposition for segments as well as geography
The comparative scenario for all the segments for years 2018 (actual) and 2027 (forecast)
Frequently Asked Question:
The market for Smartphone Sensors Market is expected to reach USD$ 50.55 Bn in 2027.
The Smartphone Sensors Market is expected to see significant CAGR growth over the coming years, at 5.60%.
The report is forecasted from 2019 -2027.
The base year of this report is 2018.
STMicroelectronics Maxim Integrated, Melexis., Meggitt PLC., Murata Electronics Co., Ltd., Epson Europe Electronics GmbH, DYNA IMAGE Corporation, EVERLIGHT., OMRON Corporation, Heptagon Technologies Pvt Ltd. are some of the major players in the global market.
