The Smartphone Sensors Market Size was valued at USD 83.59 billion in 2023 and is expected to reach USD 312.08 billion by 2031 and grow at a CAGR of 17.9% over the forecast period 2024-2031.
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.
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.
IMPACT OF RUSSIAN-UKRAINE WAR
The Russia-Ukraine crisis has exerted a significant influence on the smartphone sensors market, particularly impacting the telecoms and electronics sectors. Additionally, the Eastern European mobile device market witnessed a substantial 14% year-on-year decline, notably affecting Ukrainian and Russian markets due to conflict-related displacement and economic sanctions. Supply chain disruptions, especially concerning critical semiconductor manufacturing materials like neon, sourced predominantly from Ukraine, pose risks of global shortages. Furthermore, increased inflation and decreased consumer confidence worldwide dampen mobile device demand, particularly impacting lower-priced tiers and emerging markets. The conflict further complicates transportation, disrupting mobile device and component supply chains, while US bans on chip and electronics sales to Russia exacerbate the strain on global supply chains, isolating Russian firms from essential technologies like semiconductors.
IMPACT OF ECONOMIC SLOWDOWN
The global economic slowdown has profound implications for the smartphone sensors market, chiefly driven by several factors. Firstly, the decline in consumer demand stemming from reduced purchasing power due to inflation and economic uncertainty directly impacts smartphone sales, subsequently affecting the demand for smartphone sensors as production volumes decrease.
Secondly, heightened price sensitivity among consumers may drive manufacturers to adopt more affordable sensor options to sustain market competitiveness. Additionally, economic growth may precipitate stagnant or declining demand for high-end smartphones equipped with advanced sensor technologies, prompting manufacturers to prioritize budget-friendly models with simpler sensor configurations. Moreover, anticipating lower sales, smartphone manufacturers may adjust their sensor orders, leading to short-term fluctuations in sensor market demand. Furthermore, the slowdown in smartphone sales could curtail investments in research and development for new sensor technologies, with manufacturers potentially prioritizing proven technologies over innovation in the short term.
By Product
Magnetometer
Biometric Sensors
Gyroscope
Image Sensors
Accelerometer
GPS Ambient Light Sensor
By Application
High-end
Mid-range
Low-end
The revenue was primarily driven by the high-end segment, which encompasses advanced smartphone sensors catering to premium applications like magnetometers, 3D sensing, EIS/OIS for image stabilization, VR/AR functionalities, and proximity sensing. These sensors enable sophisticated functionalities typically seen in top-tier devices, including those manufactured by Apple, Samsung, contributing significantly to overall income.
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By Smartphone type
The market was primarily led by standard smartphones, which contributed the most to the overall revenue. These devices, equipped with built-in computers and advanced functionalities like web browsing and operating systems, distinguish themselves from their counterparts. Factors such as increasing mobile internet usage, rising disposable incomes in developing nations, and widespread ownership of premium-designed smartphones are expected to propel sales growth.
The North American market for smartphone sensors is poised to lead the industry, driven by technological advancements.
In Europe, smartphone sensors hold the second-largest market share, fueled by the increasing adoption of smartphones among the younger demographic. Within Europe, the German market for smartphone sensors commands the largest share, while the UK market exhibits the highest growth rate.
The Asia-Pacific region is anticipated to experience the most rapid growth in the smartphone sensors market, attributed to the burgeoning industrial manufacturing sector and escalating investment and business expansions.
REGIONAL COVERAGE:
North America
Europe
Asia Pacific
Middle East & Africa
Latin America
KEY PLAYERS:
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.
Samsung Electronics-Company Financial Analysis
RECENT DEVELOPMENT
In September 2022: Comcast and Samsung Electronics unveiled their collaboration aimed at advancing 5G Radio Access Network (RAN) technologies to bolster 5G connectivity for Xfinity Mobile and Comcast Business Mobile customers within Comcast service areas. Samsung will supply 5G RAN technology, while Comcast will utilize Citizens Broadband Radio Service (CBRS) and 600 MHz spectrum to deliver 5G access to both consumer and business users across the United States.
In October 2022: Huawei introduced its latest antenna solutions, including the Maxwell platform and the X2 antenna series, marking a significant milestone in the ongoing evolution of 5G antenna technology. These innovative solutions accelerate 5G deployment by enhancing antenna performance and setup capabilities.
| Report Attributes | Details |
|---|---|
| Market Size in 2023 | US$ 83.56 Billion |
| Market Size by 2031 | US$ 312.08 Billion |
| CAGR | CAGR of 17.9% From 2024 to 2031 |
| Base Year | 2023 |
| Forecast Period | 2024-2031 |
| Historical Data | 2020-2022 |
| Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
| Key Segments |
|
| Regional Analysis/Coverage | North America (US, Canada, Mexico), Europe (Eastern Europe [Poland, Romania, Hungary, Turkey, Rest of Eastern Europe] Western Europe] Germany, France, UK, Italy, Spain, Netherlands, Switzerland, Austria, Rest of Western Europe]), Asia Pacific (China, India, Japan, South Korea, Vietnam, Singapore, Australia, Rest of Asia Pacific), Middle East & Africa (Middle East [UAE, Egypt, Saudi Arabia, Qatar, Rest of Middle East], Africa [Nigeria, South Africa, Rest of Africa], Latin America (Brazil, Argentina, Colombia, 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 was valued at USD 83.59 billion in 2023.
The expected CAGR of the global Smartphone Sensors Market during the forecast period is 7.9%.
The Asia-Pacific region is anticipated to record the Fastest Growing in the Smartphone Sensors Market.
The High-end segment is leading in the market revenue share in 2023.
The North America region with the Highest Revenue share in 2023.
TABLE OF CONTENTS
1. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions
2. Industry Flowchart
3. Research Methodology
4. Market Dynamics
4.1 Drivers
4.2 Restraints
4.3 Opportunities
4.4 Challenges
5. Impact Analysis
5.1 Impact of Russia-Ukraine Crisis
5.2 Impact of Economic Slowdown on Major Countries
5.2.1 Introduction
5.2.2 United States
5.2.3 Canada
5.2.4 Germany
5.2.5 France
5.2.6 UK
5.2.7 China
5.2.8 Japan
5.2.9 South Korea
5.2.10 India
6. Value Chain Analysis
7. Porter’s 5 Forces Model
8. Pest Analysis
9. Smartphone Sensors Market, By Sensor Type
9.1 Introduction
9.2 Trend Analysis
9.3 Magnetometer
9.4 Biometric Sensors
9.5 Gyroscope
9.6 Image Sensors
9.7 Accelerometer
9.8 GPS Ambient Light Sensor
10. Smartphone Sensors Market, By Application
10.1 Introduction
10.2 Trend Analysis
10.3 High-end
10.4 Mid-range
10.5 Low-end
11. Smartphone Sensors Market, By Smartphone type
11.1 Introduction
11.2 Trend Analysis
11.3 Standard Smartphones
11.4 Smartwatches
11.5 Rugged Smartphones
11.6 Other Wearables
12. Regional Analysis
12.1 Introduction
12.2 North America
12.2.1 USA
12.2.2 Canada
12.2.3 Mexico
12.3 Europe
12.3.1 Eastern Europe
12.3.1.1 Poland
12.3.1.2 Romania
12.3.1.3 Hungary
12.3.1.4 Turkey
12.3.1.5 Rest of Eastern Europe
12.3.2 Western Europe
12.3.2.1 Germany
12.3.2.2 France
12.3.2.3 UK
12.3.2.4 Italy
12.3.2.5 Spain
12.3.2.6 Netherlands
12.3.2.7 Switzerland
12.3.2.8 Austria
12.3.2.9 Rest of Western Europe
12.4 Asia-Pacific
12.4.1 China
12.4.2 India
12.4.3 Japan
12.4.4 South Korea
12.4.5 Vietnam
12.4.6 Singapore
12.4.7 Australia
12.4.8 Rest of Asia Pacific
12.5 The Middle East & Africa
12.5.1 Middle East
12.5.1.1 UAE
12.5.1.2 Egypt
12.5.1.3 Saudi Arabia
12.5.1.4 Qatar
12.5.1.5 Rest of the Middle East
11.5.2 Africa
12.5.2.1 Nigeria
12.5.2.2 South Africa
12.5.2.3 Rest of Africa
12.6 Latin America
12.6.1 Brazil
12.6.2 Argentina
12.6.3 Colombia
12.6.4 Rest of Latin America
13. Company Profiles
13.1 Epson Europe Electronics
13.1.1 Company Overview
13.1.2 Financial
13.1.3 Products/ Services Offered
13.1.4 SWOT Analysis
13.1.5 The SNS View
13.2 DYNA IMAGE Corporation
13.2.1 Company Overview
13.2.2 Financial
13.2.3 Products/ Services Offered
13.2.4 SWOT Analysis
13.2.5 The SNS View
13.3 NEXT Biometrics
13.3.1 Company Overview
13.3.2 Financial
13.3.3 Products/ Services Offered
13.3.4 SWOT Analysis
13.3.5 The SNS View
13.4 Samsung Electronics
13.4.1 Company Overview
13.4.2 Financial
13.4.3 Products/ Services Offered
13.4.4 SWOT Analysis
13.4.5 The SNS View
13.5 Panasonic Corporation
13.5.1 Company Overview
13.5.2 Financial
13.5.3 Products/ Services Offered
13.5.4 SWOT Analysis
13.5.5 The SNS View
13.6 Everlight Electronics
13.6.1 Company Overview
13.6.2 Financial
13.6.3 Products/ Services Offered
13.6.4 SWOT Analysis
13.6.5 The SNS View
13.7 Maxim Integrated
13.7.1 Company Overview
13.7.2 Financial
13.7.3 Products/ Services Offered
13.7.4 SWOT Analysis
13.7.5 The SNS View
13.8 Omron Corporation
13.8.1 Company Overview
13.8.2 Financial
13.8.3 Products/ Services Offered
13.8.4 SWOT Analysis
13.8.5 The SNS View
13.9 Sony Corporation
13.9.1 Company Overview
13.9.2 Financial
13.9.3 Products/ Services Offered
13.9.4 SWOT Analysis
13.9.5 The SNS View
13.10 STMicroelectronics
13.10.1 Company Overview
13.10.2 Financial
13.10.3 Products/ Services Offered
13.10.4 SWOT Analysis
13.10.5 The SNS View
14. Competitive Landscape
14.1 Competitive Benchmarking
14.2 Market Share Analysis
14.3 Recent Developments
14.3.1 Industry News
14.3.2 Company News
14.3.3 Mergers & Acquisitions
15. Use Case and Best Practices
16. Conclusion
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