ID: MRFR/SEM/7237-CR | February 2021 | Region: Global | 195 pages
Global Smartphone Sensors Market valued at USD 69,339.5 Million in 2019 and is expected to reach USD 1,01,389.8 Million by 2026 with a CAGR of 17.50% during the forecast period, 2021–2027.
Sensors are defined as devices or equipment, sensing different parameters such as fingerprint, pressure, temperature, and others. Sensors play a vital role in smartphones as these are being integrated into smartphones to gather different information and data associated with various installed applications. To run different applications on smartphones, sensors are an essential requirement. Moreover, applications related to photography and cameras require image sensors to perform the task, and to run gaming applications, smartphones require accelerometer, gyroscope, and touch sensors. Smartphone sensors are getting more advanced every day, and various new technologies are being incorporated into smartphones. Some of these new technologies include 3D sensing, Lidar, and AR, among others. The global smartphone industry has witnessed exceptional growth with the introduction of new technologies, designs, and features. As per MRFR analysis, global smartphone shipments are expected to reach around 1.5 billion units by the end of 2023. This is expected to increase the manufacture of smartphone sensors during the forecast period. Sensors detect changes in the environment and movement and convert them into electronic signals that can be processed by the phone.
Asia-Pacific accounted for the largest market share of 35.3% in 2018, with a market value of USD 24,149.4 Million; the market is expected to register the highest CAGR of 7.6% during the forecast period. Europe was the second-largest market in 2018, valued at USD 20,358.6 million; the market is projected to exhibit a CAGR of 5.6%.
Global Smartphone Sensors Market, By Smartphone Type (2019 Vs 2026)
Source: MRFR Analysis
Based on smartphone type, the Global Smartphone Sensors Market has been segmented into standard smartphone, rugged smartphone, smartwatches, and other wearables. The standard smartphone segment accounted for the largest market share of 52.7% in 2018, with a market value of USD 36,033.1 million; it is expected to register the highest CAGR of 6.7% during the forecast period. The rugged smartphone segment was the second-largest market in 2018, valued at USD 15,193.3 million; it is projected to exhibit a CAGR of 5.2%. A smartphone is a cellular phone that is equipped with a combination of integrated computer and other features such as operating system and web browsing, which are not originally associated with its traditional counterpart. Rugged smartphones have the features of standard smartphones and the additional benefit of ruggedness. A smartwatch is a form of a wearable computing device, which performs a function similar to that of a smartphone. Most of the advanced smartwatches are touchscreen-based, which provides easy to use interface to the users. Other wearables include fitness trackers, VR headsets, and smart glasses. These devices also feature a bundle of sensors that are interchangeably used in smartphones as well.
Global Smartphone Sensors Market, by region, has been segmented into North America, Europe, Asia-Pacific, the rest of the world. Asia-Pacific accounted for the largest market share of 35.3% in 2018, with a market value of USD 24,149.4 million; the market is expected to register the highest CAGR of 7.6% during the forecast period. Europe was the second-largest market in 2018, valued at USD 20,358.6 million; the market is projected to exhibit a CAGR of 5.6%.
The Key Players of the Global Smartphone Sensors Market are AMS AG (Austria), Broadcom Inc. (US), DYNA IMAGE Corporation (China), Epson Europe Electronics GmbH (Germany), Epticore Microelectronics Co., Ltd. (China), Everlight Electronics Co., Ltd. (Taiwan), Maxim Integrated (US), Melexis (France), Murata Electronics Oy (Finland), NEXT Biometrics Group ASA (Norway), Omron Corporation (Japan), Samsung Electronics Co., Ltd.(South Korea), Sony Corporation (Japan), Panasonic Corporation (Japan), STMicroelectronics (France), and Vishay Intertechnology, Inc. (US) among others.
Key Questions Addressed by the Report
Frequently Asked Questions (FAQ) :
The market will be gaining a valuation of USD 64.02 Billion by 2027, as per the analysis.
As per the study conducted, the market’s growth period is considered to be from 2021 to 2027.
In the segmental analysis, the type, Application Sensor Type are the segments involved in the study of the market.
North America, Europe, Asia-Pacific, and the rest of the world to the essential vital players investing in the market share.
As Asia-Pacific accounted for the largest market share, it has been so because of high investments being made by the companies for the development of new sensors. Rising urbanization and demand for smartphones have also surged the demand for sensors here.