Report Scope & Overview:
Smartphone Sensors Market Size was valued at USD 110.71 billion in 2022 and is expected to reach USD 410.61 billion by 2030, and grow at a CAGR of 17.8% over the forecast period 2023-2030.
Sensors are devices or pieces of equipment that detect various factors such as fingerprints, pressure, and temperature. Sensors are important in smartphones because they collect various information and data that is linked to various installed applications. Sensors are required for the operation of various cellphone applications. In addition, image sensors are required to complete tasks related to photography and cameras, whereas smartphones require accelerometers, gyroscopes, and touch sensors to run gaming applications.
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Smartphone sensors become more advanced every day, resulting in Smartphone Sensors Market Demand. These sensors outperform traditional sensors by allowing for the automatic collection of environmental data with a significantly lower error rate. The Smartphone Sensors Market Size and Smartphone Sensors Market Share are expected to grow during the forecast period due to increased use and penetration of the internet of things (IoT), as well as increased automation in automobiles and smart wearable systems for health monitoring.
MARKET DYNAMICS:
KEY DRIVERS:
5G commercialization
Global demand for smartphones is increasing.
RESTRAINTS:
Semiconductor prices fluctuates creating restraining factor in the market.
Unfavorable taxation rules on smartphone import and export.
OPPORTUNITIES:
creation of new smartphone applications.
CHALLENGES:
This will be covered under the final version of the report.
IMPACT OF COVID-19:
COVID-19 has spread rapidly around the world, having a significant impact on the Smartphone Sensors Market. The majority of countries' supply lines have been disrupted as a result of partial or total lockdowns. Sensors in smartphones are important because they collect a wide range of data and information that is linked to the numerous applications that are installed. These sensors detect various characteristics such as temperature and pressure. Many sensors in cellphones perform various functions. In response to the COVID-19 pandemic, governments have implemented preventive measures such as lockdowns and business closures, which are harming the Smartphone Sensors Industry. The halt in manufacturing activity has resulted in a worldwide delay in smartphone production, which has had a significant impact on the Smartphone Sensors Industry.
Based on smartphone type, the smartphone sensors market is segmented into Standard Smartphone, Smartwatches, Rugged Smartphone, and Other Wearables. Based on manufacturer, the smartphone sensors market is segmented into Apple Inc., Huawei Technology, Oppo, HMD Global, Samsung Electronics, Xiaomi Inc., Sony Corporation, and Others. Based on application, the smartphone sensors market is segmented into High-End, Mid-Level, and Low-End. High-end sensors in smartphones accounted for a considerable market share. The high adoption rate of premium smartphones to gain access to additional features is a major factor in this market segment's dominance. Furthermore, the high efficiency of sensors in performing high-end applications is expected to drive the growth of this market segment.
KEY MARKET SEGMENTS:
By Product
Magnetometer
Biometric Sensors
Gyroscope
Image Sensors
Accelerometer
GPS Ambient Light Sensor
By Application
High-end
Mid-range
Low-end
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REGIONAL ANALYSIS:
North America, Europe, Asia-Pacific, and the Rest of the World comprise the market. North America is expanding rapidly as a result of rising sales of high-end smartphones in the region. Aside from that, rising consumer awareness of smartphone hardware and sensors, rising per capita income, and technological advancement and adoption in this region are the major motivating factors in the global smartphone sensors market's growth during the forecast period. Asia-Pacific is expected to hold a significant share of the global smartphone sensors market, owing to rising population and an increasing number of sensor manufacturers in the region's emerging countries such as India, China, and South Korea. The region's market demand is rising as a result of rising demand for smartphones and smart devices. The advancement of technology and the increasing adoption of advanced technology are driving the growth of the Smartphone sensor market across the region.
REGIONAL COVERAGE:
North America
USA
Canada
Mexico
Europe
Germany
UK
France
Italy
Spain
The Netherlands
Rest of Europe
Asia-Pacific
Japan
south Korea
China
India
Australia
Rest of Asia-Pacific
The Middle East & Africa
Israel
UAE
South Africa
Rest of Middle East & Africa
Latin America
Brazil
Argentina
Rest of Latin America
COMPETITIVE LANDSCAPE:
The key players in the smartphone sensors market are Epson Europe Electronics, DYNA IMAGE Corporation, NEXT Biometrics, Samsung Electronics, Panasonic Corporation, Everlight Electronics, Maxim Integrated, Omron Corporation, Sony Corporation, STMicroelectronics & Other Players
Report Attributes | Details |
---|---|
Market Size in 2022 | US$ 110.71 Billion |
Market Size by 2030 | US$ 410.61 Billion |
CAGR | CAGR of 17.8% From 2023 to 2030 |
Base Year | 2022 |
Forecast Period | 2023-2030 |
Historical Data | 2020-2021 |
Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
Key Segments |
|
Regional Analysis/Coverage | North America (USA, Canada, Mexico), Europe (Germany, UK, France, Italy, Spain, Netherlands, Rest of Europe), Asia-Pacific (Japan, South Korea, China, India, Australia, Rest of Asia-Pacific), The Middle East & Africa (Israel, UAE, South Africa, Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America) |
Company Profiles | Epson Europe Electronics, DYNA IMAGE Corporation, NEXT Biometrics, Samsung Electronics, Panasonic Corporation, Everlight Electronics, Maxim Integrated, Omron Corporation, Sony Corporation, and STMicroelectronics. |
Key Drivers | • 5G commercialization • Global demand for smartphones is increasing. |
RESTRAINTS | • Semiconductor prices fluctuate creating a restraining factor in the market. • Unfavorable taxation rules on smartphone import and export. |
The Smartphone Sensors Market size was valued at USD 110.71 billion in 2022 at a CAGR of 17.8%.
IoT-based devices, and consumer electronics are the driving factors of the Smartphone Sensors Market.
The key players in the Smartphone Sensors Market are Epson Europe Electronics, DYNA IMAGE Corporation, NEXT Biometrics, Samsung Electronics, Panasonic Corporation, Everlight Electronics, Maxim Integrated, Omron Corporation, Sony Corporation, STMicroelectronics and Other
The market value is expected to reach USD 410.61 billion by 2030
Manufacturers, Consultants, Association, Research Institutes, private and university libraries, suppliers, and distributors of the product.
Table of Contents
1. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
3.1 Drivers
3.2 Restraints
3.3 Opportunities
3.4 Challenges
4. Impact Analysis
4.1 COVID-19 Impact Analysis
4.2 Impact of Ukraine- Russia War
4.3 Impact of Ongoing Recession
4.3.1 Introduction
4.3.2 Impact on major economies
4.3.2.1 US
4.3.2.2 Canada
4.3.2.3 Germany
4.3.2.4 France
4.3.2.5 United Kingdom
4.3.2.6 China
4.3.2.7 Japan
4.3.2.8 South Korea
4.3.2.9 Rest of the World
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8. Smartphone Sensors Market Segmentation, By Product
8.1 Magnetometer
8.2 Biometric Sensors
8.3 Gyroscope
8.4 Image Sensors
8.5 Accelerometer
8.6 GPS Ambient Light Sensor
9. Smartphone Sensors Market Segmentation, By Application
9.1 High-end
9.2 Mid-range
9.3 Low-end
10. Regional Analysis
10.1 Introduction
10.2 North America
10.2.1 USA
10.2.2 Canada
10.2.3 Mexico
10.3 Europe
10.3.1 Germany
10.3.2 UK
10.3.3 France
10.3.4 Italy
10.3.5 Spain
10.3.6 The Netherlands
10.3.7 Rest of Europe
10.4 Asia-Pacific
10.4.1 Japan
10.4.2 South Korea
10.4.3 China
10.4.4 India
10.4.5 Australia
10.4.6 Rest of Asia-Pacific
10.5 The Middle East & Africa
10.5.1 Israel
10.5.2 UAE
10.5.3 South Africa
10.5.4 Rest
10.6 Latin America
10.6.1 Brazil
10.6.2 Argentina
10.6.3 Rest of Latin America
11. Company Profiles
11.1 STMicroelectronics
11.1.1 Financial
11.1.2 Products/ Services Offered
11.1.3 SWOT Analysis
11.1.4 The SNS view
11.2 Epson Europe Electronics
11.3 DYNA IMAGE Corporation
11.4 NEXT Biometrics
11.5 Samsung Electronics
11.6 Panasonic Corporation
11.7 Everlight Electronics
11.8 Maxim Integrated
11.9 Omron Corporation
11.10 Sony Corporation
12. Competitive Landscape
12.1 Competitive Benchmark
12.2 Market Share Analysis
12.3 Recent Developments
13. Conclusion
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