The electronic sensors market for the consumer industry is expected to
reach USD 26.76 Billion by 2022, at a CAGR of 12.26% between 2016 and
2022. The growing demand for smartphones, tablets, and wearable devices
such as fitness and activity trackers are the key factors driving the
growth of the electronic sensors market for the consumer industry.
The
deployment of various sensors including image sensors, motion sensors,
temperature sensors, pressure sensors, proximity sensors, fingerprint
sensors, level sensors, and biosensors in various applications is
expected to drive the market for communication & IT, home
appliances, entertainment, and wearable devices applications.
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Fingerprint sensors are expected to grow at the highest rate:
The
demand from applications such as communication & IT, home
appliances, entertainment, and wearable devices is expected to be the
key driver for the growth of the electronic sensors market for consumer
industry in the near future. The market for fingerprint sensors is
expected to grow at the highest rate owing to the demand from a large
number of electronic devices such as smartphones and tablets for
providing more reliable and secure user access levels. Moreover, the
popularity of mobile payment (m-commerce) has further strengthened the
demand for fingerprint sensors in smartphones. These sensors are further
classified as swipe and area fingerprint sensors, depending on their
type. Swipe fingerprint sensors are most widely used across smartphones,
laptops, and other consumer electronics.
Asia-Pacific
is expected to be the fastest-growing region in the electronic sensors
market for the consumer industry during the forecast period:
The
Asia-Pacific region is home to key industrial players and a
manufacturing and assembly hub for smartphones and home appliances.
Therefore, this market is expected to grow at the highest CAGR between
2016 and 2022. The demand for budget smartphone and fitness and activity
trackers is further expected to propel the growth of the sensor market
in consumer electronics. Samsung Electronics Co., Ltd., LG Electronics,
Haier, Midea, and Cree Appliance are some of the key suppliers of
consumer electronics products based in this region.
Sony
Corporation (Japan), STMicroelectronics N.V. (Switzerland), Samsung
Electronics Co., Ltd. (South Korea), NXP Semiconductors N.V.
(Netherlands), Robert Bosch GmbH (Germany), Murata Manufacturing
Company, Ltd. (Japan), Infineon Technologies AG (Germany), TE
Connectivity Ltd. (Switzerland), Synaptics Incorporated (U.S.), Cypress
Semiconductor Corporation (U.S.), and OMRON Corporation (Japan) are the
key players in the electronic sensors market for consumer industry.
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This
report describes the market trends, drivers, and challenges with
respect to the electronic sensors market for the consumer industry, and
forecasts the market up to 2022. This global report gives a detailed
view of the market across the four geographies, namely, North America,
Europe, Asia-Pacific, and Rest of the World. The report profiles the
most promising players in the electronic sensors market for the consumer
industry. In the competitive landscape of the market, the companies
engaged in the manufacturing of various sensors are the key players in
the market and the global market is a fragmented one. These players are
adopting strategies of innovations via new product launches, expansions,
partnerships, and agreements.
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