Emergency Trends In Sensors & Controls Will Helping To Grow Consumer Electronic Sensors Market Till 2024:Grand View Research,Inc.
The Global consumer electronic sensors market is
expected to reach USD 34.57 billion by 2022, according to a new study by Grand
View Research, Inc. Increasing Proliferation of smartphones and tablets on a
global level is expected to drive demand over the forecast period. Preference
for smart devices and increasing disposable income may further fuel the
consumer electronic sensors market. High performance cameras in high-end
smartphones along with newer applications such as restore recognition, 3D
mapping, eye tracking, etc. is expected to favor revenue growth.
Increasing trend of two cameras
per device and need for high-end cameras in gaming consoles has added to
product demand. Surveillance applications are also expected to show growth
opportunities owing to increasing implementation worldwide in traffic management.
Increased R&D has enabled cheaper, miniaturized, and efficient products,
which serves as an attractive opportunity for industry participants. Continuous
technology advancements such as increasing use of Micro Electro Mechanical
Systems (MEMS) products owing to benefits such as low power consumption and
cost, miniaturization, easy integration, and high performance may provide
positive avenues to overall demand.
Germany consumer electronic sensors market by
application, 2012 - 2022 (USD Million)
Browse full research report on Consumer
Electronic Sensors Market
- Image sensors
are increasingly used in cameras, camcorders, multimedia mobile phones,
and security cameras. Motion sensing is expected to continue gaining
significant ground in consumer applications. Developments in MEMS
technology have reduced the size, cost, and power consumption, which
enable use of motion sensors in handheld devices. They are being used in
laptops, digital cameras, MP3 players, TV remote controls, mobile phones,
and game controllers to enable enhanced operation.
- Communication
application primarily includes mobile phones, PDA, tablets and is expected
to be the key application segment over the forecast period. The
entertainment segment is expected to grow considerably due to escalating
demand for smart gaming solutions and televisions. The use of smart
devices for health monitoring, indoor navigation and related niche
applications is expected to offer significant growth opportunity over the
forecast period. Additionally, they are also widely used for security
surveillance in government and commercial sectors.
- Countries
such as India and China are expected to contribute considerably to
regional growth over the forecast period. The Asia Pacific consumer electronics
sensors market is expected to grow at a CAGR of 10.4% over the forecast
period, owing to surging demand for smartphones and smart TVs. The Indian
government has also allowed 100% FDI in the hardware-manufacturing sector
through the automatic route.
- The consumer
electronic sensors market is highly competitive, and key players include
Sony Corporation, Aptina Imaging, Synaptic, Bosch, STMicroelectronics,
Samsung, Panasonic Corporation, and Toshiba Corporation.
STMicroelectrinics serves various manufacturers such as Apple, Delta,
Bosch, Cisco, Microsoft, Samsung, Continental, Hewlett-Packard, Seagate,
and Western Digital. The company invested USD 1,520 million, USD 1,816
million and USD 2,413 million in 2014, 2013 and 2012, respectively for
R&D activities.
For more information: http://www.grandviewresearch.com
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