Market Scenario:
Global Smartphone Sensors Market Growth is expected to reach USD 1,01,389.8 Million by 2026 at a CAGR of 6.24% during the forecast period. Market Research Future (MRFR), in its report, envelops segmentation and drivers to provide a better glimpse of the market in the coming years. In the past, mobile phones were used only to make calls, receive calls, and send text messages. As technology developed, the invention of smartphones brought a whole new perspective into the mobile phone industry in terms of technology, sales, revenue, and brand value. A smartphone of the present generation can perform several tasks that earlier used to take many big machines. A smartphone includes image sensors, touch sensors, accelerometers, GPS, magnetometers, proximity sensors, ambient light sensors, 3D imaging sensors, and others.
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Key Players
The Key Players of the Global Smartphone Sensors Market Growth are AMS AG (Austria), Broadcom Inc. (US), DYNA IMAGE Corporation (China), Epson Europe Electronics GmbH (Germany), Epticore Microelectronics Co., Ltd. (China), Everlight Electronics Co., Ltd. (Taiwan), Maxim Integrated (US), Melexis (France), Murata Electronics Oy (Finland), NEXT Biometrics Group ASA (Norway), Omron Corporation (Japan), Samsung Electronics Co., Ltd.(South Korea), Sony Corporation (Japan), Panasonic Corporation (Japan), STMicroelectronics (France), and Vishay Intertechnology, Inc. (US) among others.
Smartphone Sensors Market - Segmentation
Global Smartphone Sensors Market has been segmented based on Smartphone Type, Price, Manufacturer, Application, and Region.
Based on price, the global market has been segmented into USD 300 to USD 500, USD 100 to USD 300, Above USD 500, and Under USD 100. The USD 300 to USD 500 segment accounted for the largest market share of 28.0% in 2018, with a market value of USD 19,141.1 million; it is expected to register a CAGR of 4.5% during the forecast period. The USD 100 to USD 300 segment was the second-largest market in 2018.
By manufacturer, the market has been segmented into Apple Inc., Samsung Electronics, Huawei Technology, Xiaomi Inc., Oppo, Sony Corporation, HMD Global, Others. The Apple Inc segment accounted for the largest market share of 16.7% in 2018, with a market value of USD 11,414.8 million.
By application, the market has been segmented into high-end, mid-level, and low-end. The high-end segment accounted for the largest market share in 2018, with a highest market value and it is expected to register a CAGR of 5.76% during the forecast period. The use of smartphone sensors for high-end applications is high as compared to standard applications. These include 3D sensing, magnetometers, VR and AR applications, EIS and OIS in image stabilization, and proximity sensing. Mid-level smartphones possess the basic sensors required to operate the smartphone functionality such as image sensors, accelerometers, and GPS and include some of the additional sensors that are marketed as advanced features for smartphone sales. Low-end smartphones are ones, which possess the basic sensors for smartphone operation.
Smartphone Sensors Market - Regional Analysis
The global Smartphone Sensors Market Growth, by region, has been segmented into North America, Europe, Asia-Pacific, the Middle East & Africa, and Central & South America. Asia-Pacific accounted for the largest market share of 35.3% in 2018, with a market value of USD 24,149.4 million; the market is expected to register the highest CAGR of 7.6% during the forecast period. Europe was the second-largest market in 2018, valued at USD 20,358.6 million; the market is projected to exhibit a CAGR of 5.6%. Asia-Pacific is a major hub for industrial manufacturing and, in recent years, has become a global focal point for significant investments and business expansions. The increasing use of smartphones by the young generation has propelled the demand for smartphone sensors in the Europe region. Additionally, the proliferation of AI and VR technologies in smartphones has encouraged the adoption of smartphone sensors in this region.
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