Smartphone Sensors Market will be growing at a CAGR of 5.60% during the forecast 2019 To 2027

Smartphone Sensors Market will be growing at a CAGR of 5.60% during the forecast 2019 To 2027

According to a new market research report published by Credence Research “Global Smartphone Sensors Market – Growth, Future Prospects, and Competitive Analysis, 2019 – 2027”, the overall smartphone sensors market had registered a market value of US$ 50.55 Bn in 2018 and is set to grow with a CAGR of 5.60 % during the forecast period.

Market Insights

The smartphone manufacturers are focusing on the development of display, biometrics, battery performance, camera, gaming, and other hardware performance are major concerns for them, which is leading to the development of new sensors in the market. The high-quality sensors play a vital role in increasing the sales of smartphones. Moreover, various smartphone manufacturing companies are focusing on partnership and acquisition with the sensors manufacturing companies to enhance their R&D capabilities.

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In January 2019, Samsung launched the smallest image sensors Isocell Slim 3T2 for their mid-range smartphones which are 5.1mm diagonally. This image sensor has been developed to provide image quality with 20-million active 0.8μm-sized pixels. Moreover, Isocell Plus technology, the sensor is capable to capture efficient light and produces improved and accurate color. This is developed to improve the camera quality.

Based on type, the smartphone sensors market has been segmented as biometric sensors, image sensors, accelerometer, gyroscope, magnetometer, GPS,  ambient light sensor, and others. The image sensors segment held the largest share in the segment in 2018 and is expected to dominate during the forecast period due increasing demand for high-quality cameras in the mid-range smartphones is driving the growth of image sensors in the global market. However, the biometric sensors are expected to be the fastest-growing segment due to integration face recognization, fingerprint recognization and others are expected to drive the market during the forecast period.

North America accounted for the second position in the smartphone sensors market during 2018 and was expected to grow with a significant market CAGR during the forecast period due to the development of new technologies and features in the smartphone is driving the market growth. Similarly, the North America has smartphones manufacturing companies such as Motorola, Apple Inc. and others which are investing heavily in the development of new Smartphone which is contributing in the growth of the smartphone sensors market.

Some of the prominent players operating in the market 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.

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[Note: Our Free Complimentary Sample Report Accommodate a Brief Introduction To The Synopsis, TOC, List of Tables and Figures, Competitive Landscape and Geographic Segmentation, Innovation and Future Developments Based on Research Methodology are also Included]

Report Scope by Segments

 By Type Segment

  • Biometric Sensors
  • Image Sensors
  • Accelerometer
  • Gyroscope
  • Magnetometer
  • GPS
  • Ambient Light Sensor
  • Others

 By Applications Segment

  • High End
  • Mid-range
  • Low End

By Geography Segment

  • North America (U.S., Rest of North America)
  • Europe (U.K., Germany, France, Rest of Europe)
  • Asia Pacific (China, Japan, India, Rest of Asia Pacific)
  • Rest of the World (Middle East & Africa, Latin America)

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