Global Smartphone sensors market size was US$ XX Bn in 2019 and is expected to reach US$ XX Bn by 2027, at a CAGR of XX% during forecast period.
Global Smartphone Sensors Market
The report study has analyzed revenue impact of COVID -19 pandemic on the sales revenue of market leaders, market followers and market disrupters in the report and same is reflected in our analysis.
Market Definition
Smartphone sensors are electronic components which brings intelligence and awareness to Smartphone. Smartphone device consists of various types of sensors installed on a user's phone to collect data for different user purposes. Smartphone sensors include motion sensor, environmental sensor and position sensors.
Market Dynamics
Surge in number of Smartphone users across the globe is major driving factor behind the growth of market. A Smartphone sensor gives enhanced user experience, provide strong and increased battery life and provide applications with enhanced information about the world around the phone which ultimately focusing on the demand of Smartphone’s with advanced sensor technologies. Furthermore, development of new innovative software applications, introduction of 4G, 5G Smartphone and growing trend of handheld mobile gaming console among consumers is expected to witness fast growth during forecast period.
However, high cost of the sensors could hinder the growth of market. Also excessive usage of Smartphone might lead to the health problem and this could hamper the growth of Smartphone sensor market.
Global Smartphone Sensors Market: Segmentation Analysis
By mobile type, standard Smartphone’s dominated the market in 2019 and is expected to continue its dominance at CAGR of XX% during forecast period. Rising Smartphone production with advanced technologies is driving the growth of market. According to research, there are 2.71 Bn Smartphone users worldwide in 2019 and it is expected that there will be 2.87 Bn Smartphone users worldwide by the end of 2020. More than 52% of the world’s population are mobile internet users. Also 94% of people aged 18-29 have Smartphone’s, and the adoption rate will steadily increase, which ultimately improves the demand of Smartphone sensors during forecast period.
By sensor type, image sensor, biometric sensor, accelerometer and GPS sensors segments jointly dominated the market in 2019 and are projected to witness fast growth at CAGR of XX% during forecast period. An accelerometer sensor detects vibration, tilt and acceleration to determine exact orientation and movement along the three axes. Global Positioning System (GPS) Smartphone sensors used to communicate with the satellites to determine user’s exact location on Earth. Furthermore, biometric sensors such as iris, fingerprint and face recognitions sensor are widely used in Smartphone to increase security of user’s personal data.
Global Smartphone Sensors Market: Regional Analysis
Region wise, Asia Pacific held the largest market share in 2019 and is projected to keep its dominance at CAGR of XX% during forecast period. The developing economies such as China, India, Japan and South Korea are major key contributors behind the growth of market. The growth is attributed to increasing trend of Smartphone with advanced features like biometric sensors like face, iris and thumb recognition sensors, gaming 3D sensor and more. Increasing number of Smartphone users almost in all ages of people in the high population countries like China and India are propelling the growth of market. Also Smartphone manufacturing companies are investing more to introduce Smartphone’s with advanced features to meet consumer’s requirement is improving the growth of Smartphone sensors market across the region.
Rising industrialization and urbanization with the demand of Smartphone’s and requirement for rugged Smartphone’s by the military & defense industry across the region is expected to witness fast growth at CAGR of XX% during forecast period.
Global Smartphone Sensors Market: Key Development
In Aug 2019, Samsung Electronics introduced 108 megapixel (Mp) Samsung ISOCELL Bright HMX, the first mobile image sensor in the industry to go beyond 100 million pixels.
In July 2018, Sony Corporation announced the release of the IMX586 stacked CMOS image sensor for Smartphone cameras.
The objective of the report is to present a comprehensive analysis of the Global Smartphone Sensors Market including all the stakeholders of the industry. The past and current status of the industry with 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 includes market leaders, followers and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market have 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 Global Smartphone Sensors Market dynamics, structure by analyzing the market segments and projects the Global Smartphone Sensors Market. Clear representation of competitive analysis of key players by Application, price, financial position, Product portfolio, growth strategies, and regional presence in the Global Smartphone Sensors Market make the report investor’s guide.
The Scope of Global Smartphone Sensors Market
Global Smartphone Sensors Market, By Mobile Type
• Standard Smart Phones
• Rugged Smartphone’s
• Others
Global Smartphone Sensors Market, By Application
• High-End
• Mid-Range
• Low-End
Global Smartphone Sensors Market, By Sensor Type
• Image Sensors [CCD and CMOS]
• Biometric Sensors [Fingerprint Sensors, Face Recognition, Iris Scanners]
• Accelerometer
• Gyroscope
• Magnetometer
GPS
• Others
Global Smartphone Sensors Market, By Region
• North America
• Europe
• Asia Pacific
• South America
• Middle East & Africa
Global Smartphone Sensors Market, Key Players
• AG
• Broadcom Inc.
• DYNA IMAGE Corporation
• Epson Europe Electronics GmbH
• Epticore Microelectronics Co., Ltd.
• Everlight Electronics Co., Ltd.
• Innovacom
• Maxim Integrated
• Meggitt SA
• Melexis
• Murata Electronics Oy
• NEXT Biometrics Group ASA
• Omron Corporation
• Samsung Electronics Co., Ltd
• Sony Corporation
• Panasonic Corporation
• STMicroelectronics
• Vishay Intertechnology, Inc.
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