Consumer Electronics Sensor Market
Consumer Electronics Sensor Market Forecasts to 2030 - Global Analysis By Product (Image Sensor, Motion Sensor, Position Sensor, Pressure Sensor, Temperature Sensor and Touch Sensor), End User (Communication, Entertainment, Home Appliances and Information Technology (IT)), and By Geography
According to Stratistics MRC, the Global Consumer Electronics Sensor Market is accounted for $29.21 billion in 2023 and is expected to reach $53.40 billion by 2030 growing at a CAGR of 9.0% during the forecast period. Consumer electronic sensors are a particular class of sensor that is used in a variety of consumer electronics, including laptops, cameras, and smartphones. Sensors are tools that react to and pick up on changes in their environment. Consumer electronics now appear noticeably smaller, more efficient, and more accessible as a result of their numerous enormous advancements. Sensors are used to measure a variety of variables, including temperature, motion, and pressure. They are widely adopted in consumer electronics, including smartphones, PCs, home appliances, kitchen appliances, and other devices.
According to the Consumer Technology Association, the overall US shipments of smart home connected devices reached 28.6 million in 2019.
Market Dynamics:
Driver:
Growing demand for multimedia devices
Global demand is anticipated to be aided by the demand for multimedia devices with features like motion stabilization and indoor navigation. Applications for entertainment and gaming are expanding, and security and surveillance solutions are becoming more widely used. Motion sensing demand is anticipated to increase as gaming applications expand, which could boost overall revenue. Additionally, the market is anticipated to be supported by the growing demand for microelectromechanical systems (MEMS) for home appliances, entertainment, and communication.
Restraint:
High costs
The price of sensors is among the primary drawbacks that are restraining market growth. In some cases, the cost of sensors can make them unaffordable for particular applications. However, Sensors can be expensive. Additionally, interference and damage to sensors can impair their accuracy and performance, reducing their lifespan.
Opportunity:
Technological advancements
The global consumer electronics sensor industry has benefited from advances in sensor technology in a number of ways. Sensors are available to meet any need, from robotics and home automation to digital health. They are more intelligent and advanced. For instance, there are smartphone sensors that allow touch-free heart rate analysis by analyzing a person's skin tone! These developments have fueled a rise in demand for consumer electronics sensors, which has also been fueled by rising consumer purchasing power globally.
Threat:
Lack of manufacturing standards
Electronic sensor manufacturing is not standardized, which is expected to lead to variations in product performance and quality, which makes electronics manufacturers hesitant to integrate sensors into their systems. which is preventing the market from expanding.
Covid-19 Impact
The COVID-19 pandemic had an impact on consumer electronics sensors' growth in terms of supply and demand. Acute cash flow problems are being experienced by businesses as a result of temporary lockdowns in several different countries. Production of consumer electronic sensors has decreased as a result of global supply chain logistics being disrupted, manufacturing process analyzers being slowed down, and manufacturing process analyzers being stopped due to the coronavirus pandemic.
The pressure sensor segment is expected to be the largest during the forecast period
Over the projected period, the pressure sensor segment is anticipated to witness a larger market share. They are utilized in home appliances, GPS tracking systems, and mobile phones. Another important factor driving the expansion of this market is the growing adoption of the Internet of Things (IoT). The creation of smart factories, cities, and homes is being revolutionized by pressure sensors. Consequently, it is anticipated that the rise in IoT-connected devices will spur the market's expansion.
The entertainment segment is expected to have the highest CAGR during the forecast period
The entertainment segment is anticipated to witness the highest growth rate during the forecast period. The availability of sensors is becoming more crucial to the development of new and currently popular entertainment systems. Users can interact with TVs and gaming consoles by making hand and body gestures as well as facial expressions. The design of ever-more complex virtual and augmented reality systems uses both image and inertial data. Additionally, sensors and speech recognition technology are integrated into in-car infotainment systems to allow for hands-free operation. Furthermore, many other sensing technologies are anticipated to be used in an expanding range of entertainment applications in the near future.
Region with largest share:
Throughout the forecast period, North America is anticipated to dominate the Consumer Electronics Sensor market. The presence of important players and their use of cutting-edge medical technologies to advance are primarily responsible for the largest share. The primary driver of market expansion is the rise in the production of recombinant proteins and vaccines, as well as the requirement to keep them virus- and risk-free. Additionally, the population is becoming more aware of the benefits of using biopharmaceuticals, which is driving up demand for services related to Consumer Electronics Sensor. Furthermore, the market is expanding as a result of increased funding for pharmaceuticals across the United States.
Region with highest CAGR:
Due to rising government investments in medical research and rising healthcare costs, Asia Pacific is expected to grow significantly during the forecast period, which will increase the risk of cell culture contamination and the presence of CROs in nations like China, Japan, and India. According to statistics from the WHO, more than 15 million people between the ages of 35 and 69 die from chronic diseases, and both developed and developing nations account for 85% of premature deaths. Additionally, a large number of clinical research services, particularly in China, are anticipated to fuel market expansion in the upcoming years.
Key players in the market
Some of the key players profiled in the Consumer Electronics Sensor Market include Aptina Imaging, Bosch, Cypress Semiconductor Corporation, Honeywell International Inc., Infineon Technologies AG, MEMSIC, Inc, Microchip Technology Inc., Murata Manufacturing Co., Ltd., Nviso SA, NXP Semiconductors, Omron Corporation, Panasonic Corporation, Robert Bosch GmbH, Samsung Electronics Co., Ltd., Sony Semiconductor Solutions Corporation, STMicroelectronics NV, Synaptics, Inc., TDK Corporation, TE Connectivity Ltd. and Toshiba.
Key Developments:
In June 2023, STMicroelectronics Debuts ‘First’ Waterproof MEMS Pressure Sensor. A new waterproof sensor from ST promises precision in gas- and water-metering equipment, weather monitoring, air conditioning, and home appliances.
In May 2023, Toshiba Debuts “Thermoflagger” as Temperature Sensor IC Alternative. The new solution helps to control the temperature rise in electronic equipment.
In May 2023, Onsemi Introduces Hyperlux Image Sensor Family for Next-gen ADAS. With a keen focus on high dynamic range, the new image sensor family is designed to make ADAS even more equipped for any lighting condition.
Products Covered:
• Image Sensor
• Motion Sensor
• Position Sensor
• Pressure Sensor
• Temperature Sensor
• Touch Sensor
End Users Covered:
• Communication
• Entertainment
• Home Appliances
• Information Technology (IT)
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2021, 2022, 2023, 2026 and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Product Analysis
3.7 End User Analysis
3.8 Emerging Markets
3.9 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Consumer Electronics Sensor Market, By Product
5.1 Introduction
5.2 Image Sensor
5.3 Motion Sensor
5.4 Position Sensor
5.5 Pressure Sensor
5.6 Temperature Sensor
5.7 Touch Sensor
6 Global Consumer Electronics Sensor Market, By End User
6.1 Introduction
6.2 Communication
6.3 Entertainment
6.4 Home Appliances
6.5 Information Technology (IT)
7 Global Consumer Electronics Sensor Market, By Geography
7.1 Introduction
7.2 North America
7.2.1 US
7.2.2 Canada
7.2.3 Mexico
7.3 Europe
7.3.1 Germany
7.3.2 UK
7.3.3 Italy
7.3.4 France
7.3.5 Spain
7.3.6 Rest of Europe
7.4 Asia Pacific
7.4.1 Japan
7.4.2 China
7.4.3 India
7.4.4 Australia
7.4.5 New Zealand
7.4.6 South Korea
7.4.7 Rest of Asia Pacific
7.5 South America
7.5.1 Argentina
7.5.2 Brazil
7.5.3 Chile
7.5.4 Rest of South America
7.6 Middle East & Africa
7.6.1 Saudi Arabia
7.6.2 UAE
7.6.3 Qatar
7.6.4 South Africa
7.6.5 Rest of Middle East & Africa
8 Key Developments
8.1 Agreements, Partnerships, Collaborations and Joint Ventures
8.2 Acquisitions & Mergers
8.3 New Product Launch
8.4 Expansions
8.5 Other Key Strategies
9 Company Profiling
9.1 Aptina Imaging
9.2 Bosch
9.3 Cypress Semiconductor Corporation
9.4 Honeywell International Inc.
9.5 Infineon Technologies AG
9.6 MEMSIC, Inc
9.7 Microchip Technology Inc.
9.8 Murata Manufacturing Co., Ltd.
9.9 Nviso SA
9.10 NXP Semiconductors
9.11 Omron Corporation
9.12 Panasonic Corporation
9.13 Robert Bosch GmbH
9.14 Samsung Electronics Co., Ltd.
9.15 Sony Semiconductor Solutions Corporation
9.16 STMicroelectronics NV
9.17 Synaptics, Inc.
9.18 TDK Corporation
9.19 TE Connectivity Ltd.
9.20 Toshiba
List of Tables
1 Global Consumer Electronics Sensor Market Outlook, By Region (2021-2030) ($MN)
2 Global Consumer Electronics Sensor Market Outlook, By Product (2021-2030) ($MN)
3 Global Consumer Electronics Sensor Market Outlook, By Image Sensor (2021-2030) ($MN)
4 Global Consumer Electronics Sensor Market Outlook, By Motion Sensor (2021-2030) ($MN)
5 Global Consumer Electronics Sensor Market Outlook, By Position Sensor (2021-2030) ($MN)
6 Global Consumer Electronics Sensor Market Outlook, By Pressure Sensor (2021-2030) ($MN)
7 Global Consumer Electronics Sensor Market Outlook, By Temperature Sensor (2021-2030) ($MN)
8 Global Consumer Electronics Sensor Market Outlook, By Touch Sensor (2021-2030) ($MN)
9 Global Consumer Electronics Sensor Market Outlook, By End User (2021-2030) ($MN)
10 Global Consumer Electronics Sensor Market Outlook, By Communication (2021-2030) ($MN)
11 Global Consumer Electronics Sensor Market Outlook, By Entertainment (2021-2030) ($MN)
12 Global Consumer Electronics Sensor Market Outlook, By Home Appliances (2021-2030) ($MN)
13 Global Consumer Electronics Sensor Market Outlook, By Information Technology (IT) (2021-2030) ($MN)
14 North America Consumer Electronics Sensor Market Outlook, By Country (2021-2030) ($MN)
15 North America Consumer Electronics Sensor Market Outlook, By Product (2021-2030) ($MN)
16 North America Consumer Electronics Sensor Market Outlook, By Image Sensor (2021-2030) ($MN)
17 North America Consumer Electronics Sensor Market Outlook, By Motion Sensor (2021-2030) ($MN)
18 North America Consumer Electronics Sensor Market Outlook, By Position Sensor (2021-2030) ($MN)
19 North America Consumer Electronics Sensor Market Outlook, By Pressure Sensor (2021-2030) ($MN)
20 North America Consumer Electronics Sensor Market Outlook, By Temperature Sensor (2021-2030) ($MN)
21 North America Consumer Electronics Sensor Market Outlook, By Touch Sensor (2021-2030) ($MN)
22 North America Consumer Electronics Sensor Market Outlook, By End User (2021-2030) ($MN)
23 North America Consumer Electronics Sensor Market Outlook, By Communication (2021-2030) ($MN)
24 North America Consumer Electronics Sensor Market Outlook, By Entertainment (2021-2030) ($MN)
25 North America Consumer Electronics Sensor Market Outlook, By Home Appliances (2021-2030) ($MN)
26 North America Consumer Electronics Sensor Market Outlook, By Information Technology (IT) (2021-2030) ($MN)
27 Europe Consumer Electronics Sensor Market Outlook, By Country (2021-2030) ($MN)
28 Europe Consumer Electronics Sensor Market Outlook, By Product (2021-2030) ($MN)
29 Europe Consumer Electronics Sensor Market Outlook, By Image Sensor (2021-2030) ($MN)
30 Europe Consumer Electronics Sensor Market Outlook, By Motion Sensor (2021-2030) ($MN)
31 Europe Consumer Electronics Sensor Market Outlook, By Position Sensor (2021-2030) ($MN)
32 Europe Consumer Electronics Sensor Market Outlook, By Pressure Sensor (2021-2030) ($MN)
33 Europe Consumer Electronics Sensor Market Outlook, By Temperature Sensor (2021-2030) ($MN)
34 Europe Consumer Electronics Sensor Market Outlook, By Touch Sensor (2021-2030) ($MN)
35 Europe Consumer Electronics Sensor Market Outlook, By End User (2021-2030) ($MN)
36 Europe Consumer Electronics Sensor Market Outlook, By Communication (2021-2030) ($MN)
37 Europe Consumer Electronics Sensor Market Outlook, By Entertainment (2021-2030) ($MN)
38 Europe Consumer Electronics Sensor Market Outlook, By Home Appliances (2021-2030) ($MN)
39 Europe Consumer Electronics Sensor Market Outlook, By Information Technology (IT) (2021-2030) ($MN)
40 Asia Pacific Consumer Electronics Sensor Market Outlook, By Country (2021-2030) ($MN)
41 Asia Pacific Consumer Electronics Sensor Market Outlook, By Product (2021-2030) ($MN)
42 Asia Pacific Consumer Electronics Sensor Market Outlook, By Image Sensor (2021-2030) ($MN)
43 Asia Pacific Consumer Electronics Sensor Market Outlook, By Motion Sensor (2021-2030) ($MN)
44 Asia Pacific Consumer Electronics Sensor Market Outlook, By Position Sensor (2021-2030) ($MN)
45 Asia Pacific Consumer Electronics Sensor Market Outlook, By Pressure Sensor (2021-2030) ($MN)
46 Asia Pacific Consumer Electronics Sensor Market Outlook, By Temperature Sensor (2021-2030) ($MN)
47 Asia Pacific Consumer Electronics Sensor Market Outlook, By Touch Sensor (2021-2030) ($MN)
48 Asia Pacific Consumer Electronics Sensor Market Outlook, By End User (2021-2030) ($MN)
49 Asia Pacific Consumer Electronics Sensor Market Outlook, By Communication (2021-2030) ($MN)
50 Asia Pacific Consumer Electronics Sensor Market Outlook, By Entertainment (2021-2030) ($MN)
51 Asia Pacific Consumer Electronics Sensor Market Outlook, By Home Appliances (2021-2030) ($MN)
52 Asia Pacific Consumer Electronics Sensor Market Outlook, By Information Technology (IT) (2021-2030) ($MN)
53 South America Consumer Electronics Sensor Market Outlook, By Country (2021-2030) ($MN)
54 South America Consumer Electronics Sensor Market Outlook, By Product (2021-2030) ($MN)
55 South America Consumer Electronics Sensor Market Outlook, By Image Sensor (2021-2030) ($MN)
56 South America Consumer Electronics Sensor Market Outlook, By Motion Sensor (2021-2030) ($MN)
57 South America Consumer Electronics Sensor Market Outlook, By Position Sensor (2021-2030) ($MN)
58 South America Consumer Electronics Sensor Market Outlook, By Pressure Sensor (2021-2030) ($MN)
59 South America Consumer Electronics Sensor Market Outlook, By Temperature Sensor (2021-2030) ($MN)
60 South America Consumer Electronics Sensor Market Outlook, By Touch Sensor (2021-2030) ($MN)
61 South America Consumer Electronics Sensor Market Outlook, By End User (2021-2030) ($MN)
62 South America Consumer Electronics Sensor Market Outlook, By Communication (2021-2030) ($MN)
63 South America Consumer Electronics Sensor Market Outlook, By Entertainment (2021-2030) ($MN)
64 South America Consumer Electronics Sensor Market Outlook, By Home Appliances (2021-2030) ($MN)
65 South America Consumer Electronics Sensor Market Outlook, By Information Technology (IT) (2021-2030) ($MN)
66 Middle East & Africa Consumer Electronics Sensor Market Outlook, By Country (2021-2030) ($MN)
67 Middle East & Africa Consumer Electronics Sensor Market Outlook, By Product (2021-2030) ($MN)
68 Middle East & Africa Consumer Electronics Sensor Market Outlook, By Image Sensor (2021-2030) ($MN)
69 Middle East & Africa Consumer Electronics Sensor Market Outlook, By Motion Sensor (2021-2030) ($MN)
70 Middle East & Africa Consumer Electronics Sensor Market Outlook, By Position Sensor (2021-2030) ($MN)
71 Middle East & Africa Consumer Electronics Sensor Market Outlook, By Pressure Sensor (2021-2030) ($MN)
72 Middle East & Africa Consumer Electronics Sensor Market Outlook, By Temperature Sensor (2021-2030) ($MN)
73 Middle East & Africa Consumer Electronics Sensor Market Outlook, By Touch Sensor (2021-2030) ($MN)
74 Middle East & Africa Consumer Electronics Sensor Market Outlook, By End User (2021-2030) ($MN)
75 Middle East & Africa Consumer Electronics Sensor Market Outlook, By Communication (2021-2030) ($MN)
76 Middle East & Africa Consumer Electronics Sensor Market Outlook, By Entertainment (2021-2030) ($MN)
77 Middle East & Africa Consumer Electronics Sensor Market Outlook, By Home Appliances (2021-2030) ($MN)
78 Middle East & Africa Consumer Electronics Sensor Market Outlook, By Information Technology (IT) (2021-2030) ($MN)
List of Figures
RESEARCH METHODOLOGY
We at ‘Stratistics’ opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.
Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.
Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.
Data Mining
The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.
Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.
Data Analysis
From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:
- Product Lifecycle Analysis
- Competitor analysis
- Risk analysis
- Porters Analysis
- PESTEL Analysis
- SWOT Analysis
The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.
Data Validation
The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.
We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.
The data validation involves the primary research from the industry experts belonging to:
- Leading Companies
- Suppliers & Distributors
- Manufacturers
- Consumers
- Industry/Strategic Consultants
Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.
For more details about research methodology, kindly write to us at info@strategymrc.com
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