Global Consumer Electronics Sensor Market: Industry Analysis and Forecast (2021-2027)

[akash Arjun pingale]

Global Consumer Electronics Sensor Market was worth US$ 24.24 Bn. in 2019 and overall revenue is anticipated to rise at a rate of 6.9 % from 2021 to 2027, reaching almost US$ 41.34 Bn.

Global Consumer Electronics Sensor Market Overview:

Sensors aren't a new addition to the world of consumer electronics. They have, however, experienced significant progress as a result of smart producer’s spending money on developing more effective models. As a result, consumer gadgets are becoming smaller, more effective, and more affordable. This has made them ideal for portable devices, such as tablets and smartphones, games (in which the sensors track the user's movements and communicate them to the screen), home appliances, and navigation.

Global Consumer Electronics Sensor Market

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2019 is considered as a base year to forecast the market from 2021 to 2027. 2020’s market size is estimated on real numbers and outputs of the key players and major players across the globe. Past five years trends are considered while forecasting the market through 2027. 2020 is a year of exception and analysed specially with the impact of lockdown by region

Global Consumer Electronics Sensor Market Dynamics:

Increased investments in R&D are likely to drive the global consumer electric sensors market growth over the forecast period. In addition, the global consumer electronic sensors market will grow as wearable technology becomes more prominent. Furthermore, the global consumer electronic market is expected to grow because of an increase in demand for multimedia devices with diverse characteristics such as motion stabilisation and indoor navigation. Moreover, throughout the forecast period, the worldwide consumer electronic sensors market is predicted to rise due to the adoption of security and surveillance solutions in combination with growing entertainment and gaming applications.

However, the global consumer electronic sensors market is expected to be limited by the lack of a standard fabrication technique for MEMS sensors. The availability of cheaper alternatives and limited opportunities for product differentiation, on the other hand, are impeding the growth of the consumer electronic sensor industry. However, their increasing use in digital health and the automobile industry, particularly in safety, power steering, and automated driving, will aid in overcome such constraints.

Sensor technological advances have created several opportunities for the worldwide consumer electronics sensor industry. Sensors are now accessible to fit any demand, from home automation to robots and digital health. They are more advanced and intelligent. There are smartphone sensors, for example, that enable a touch-free analysis of a person's heart rate by analysing their skin tone! Such advancements, together with rising consumer buying power around the world, have fuelled a surge in demand for consumer electronics sensors.

Global Consumer Electronics Sensor Market Segment Analysis:

Based on Product, the market is segmented into Image sensor, motion sensor, temperature sensor, pressure sensor, and position sensor are all examples of sensor types. With the increased demand for tablets and mobile phones, the image sensors market is expected to continue its lead during the forecast years. The temperature and motion section is widely employed in a variety of home appliances for great energy applications, as well as in mobile phones for the excellent user interface.

Over the forecast period, pressure sensors are expected to grow at a CAGR of 9.5%, GPS systems, home appliances, gaming consoles, and mobile phones all employ these sensors. STMicroelectronics, for example, released the LPS331AP, which improves GPS in 3D indoor locating and portable devices.

Based on Application, the market is segmented into Communication, Entertainment, Home appliances, and IT. With the high demand for smartphones and PDAs, communication is expected to be the most popular segment for the near future. The expansion of entertainment applications is expected to be aided by increased demand for various gaming equipment. Consumers are increasingly seeking smart features in dishwashers, washing machines, air conditioners, and kitchen appliances, leading to increased demand for various sensors in these products. In 2019, the entertainment segment accounted for more than 15% of total revenue.

Over the forecast period, the product's different application areas are expected to evolve, with industry participants concentrating on continuous product innovation. Samsung, for example, equipped its Note 4 with UV sensors for health and environmental applications in 2020. It also included humidity and pulse sensing capabilities in the Galaxy S4 and Galaxy S5 models, respectively.

Global Consumer Electronics Sensor Market

Global Consumer Electronics Sensor Market Regional Insights:

The increased demand for consumer electronics in India and China, Asia Pacific is likely to be the largest market over the projection years. Increasing per capita income and a growing population of smartphone users are expected to continue to be positive influences. Smartphones are continuously being updated with new features to make them more user-friendly. Secondary and primary cameras, for example, are used to enable video calling, screen recording, slow motion, and other applications.

The incorporation of cameras into palmtops is also expected to boost regional market growth. Growing trends of sharing photos on various social media platforms, as well as an increase in first-time camera buyers, are expected to grow demand in the Asia Pacific. Customers in North America, on the other hand, choose to trade in their electronic equipment for technologically advanced products.

Global Consumer Electronics Sensor MarketThe objective of the report is to present a comprehensive analysis of the global Consumer Electronics Sensor Market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants.

PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market has been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.

The report also helps in understanding the global Consumer Electronics Sensor Market dynamics, structure by analyzing the market segments and projects the global Consumer Electronics Sensor Market size. Clear representation of competitive analysis of key players by Product, price, financial position, Product portfolio, growth strategies, and regional presence in the global Consumer Electronics Sensor Market make the report investor’s guide.

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Global Consumer Electronics Sensor Market Report Scope: Inquire before buying

Global Consumer Electronics Sensor Market

Global Consumer Electronics Sensor Market, by Region

• North America

• Europe

• Asia Pacific

• Middle East and Africa

• South America

Global Consumer Electronics Sensor Market key player:

• Sony

• Aptina Imaging

• Synaptic

• Bosch

• STMicroelectronics

• Samsung

• Panasonic

• Toshiba

• AMS

• NXP Semiconductors

• Cypress Semiconductor Corporation

• Infineon Technologies AG

• Murata Manufacturing Co., Ltd.

• Nviso SA

• Omron Corporation

• Robert Bosch GmbH

• TE Connectivity Ltd.

Frequently Asked Questions:

1) What was the market size of Global Consumer Electronics Sensor Market markets in 2019?

Ans - Global Consumer Electronics Sensor Market was worth US$ 24.24 Bn in 2019.

2) What is the market segment of Global Consumer Electronics Sensor Market markets?

Ans -The market segments are based on Product and Application.

3) What is forecast period consider for Global Consumer Electronics Sensor Market markets market?

Ans -The forecast period for Global Consumer Electronics Sensor Market is 2021 to 2027.

4) Which are the worldwide major key players covered for Global Consumer Electronics Sensor Market report?

Ans – Sony, Aptina Imaging, Synaptic, Bosch, STMicroelectronics, Samsung, Panasonic, Toshiba, AMS, NXP Semiconductors, Cypress Semiconductor Corporation, Infineon Technologies AG, Murata Manufacturing Co., Ltd., Nviso SA, Omron Corporation, Robert Bosch GmbH, TE Connectivity Ltd.

5) Which region is dominated in Global Consumer Electronics Sensor Market?

Ans -In 2019, Asia Pacific region dominated the Global Consumer Electronics Sensor Market.

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