According to
the new market research report "Electronic Sensors Market for Consumer Industry by Type (Image, Motion, Pressure,
Temperature, Fingerprint, Proximity, & Others), Application (Communication
& IT, Entertainment, Home Appliances, & Wearable Devices), and
Geography - Global Forecast to 2022", 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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