PUBLISHER: Stratistics Market Research Consulting | PRODUCT CODE: 1308642
PUBLISHER: Stratistics Market Research Consulting | PRODUCT CODE: 1308642
Consumer Electronics Sensor Market Forecasts to 2030 - Global Analysis By Product, End User (Communication, Entertainment, Home Appliances and Information Technology ), 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
- US
- Canada
- Mexico
- Europe
- Germany
- UK
- Italy
- France
- Spain
- Rest of Europe
- Asia Pacific
- Japan
- China
- India
- Australia
- New Zealand
- South Korea
- Rest of Asia Pacific
- South America
- Argentina
- Brazil
- Chile
- Rest of South America
- Middle East & Africa
- Saudi Arabia
- UAE
- Qatar
- South Africa
- 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
- Comprehensive profiling of additional market players (up to 3)
- SWOT Analysis of key players (up to 3)
- Regional Segmentation
- Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
- Competitive Benchmarking
- 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
- Table 1 Global Consumer Electronics Sensor Market Outlook, By Region (2021-2030) ($MN)
- Table 2 Global Consumer Electronics Sensor Market Outlook, By Product (2021-2030) ($MN)
- Table 3 Global Consumer Electronics Sensor Market Outlook, By Image Sensor (2021-2030) ($MN)
- Table 4 Global Consumer Electronics Sensor Market Outlook, By Motion Sensor (2021-2030) ($MN)
- Table 5 Global Consumer Electronics Sensor Market Outlook, By Position Sensor (2021-2030) ($MN)
- Table 6 Global Consumer Electronics Sensor Market Outlook, By Pressure Sensor (2021-2030) ($MN)
- Table 7 Global Consumer Electronics Sensor Market Outlook, By Temperature Sensor (2021-2030) ($MN)
- Table 8 Global Consumer Electronics Sensor Market Outlook, By Touch Sensor (2021-2030) ($MN)
- Table 9 Global Consumer Electronics Sensor Market Outlook, By End User (2021-2030) ($MN)
- Table 10 Global Consumer Electronics Sensor Market Outlook, By Communication (2021-2030) ($MN)
- Table 11 Global Consumer Electronics Sensor Market Outlook, By Entertainment (2021-2030) ($MN)
- Table 12 Global Consumer Electronics Sensor Market Outlook, By Home Appliances (2021-2030) ($MN)
- Table 13 Global Consumer Electronics Sensor Market Outlook, By Information Technology (IT) (2021-2030) ($MN)
- Table 14 North America Consumer Electronics Sensor Market Outlook, By Country (2021-2030) ($MN)
- Table 15 North America Consumer Electronics Sensor Market Outlook, By Product (2021-2030) ($MN)
- Table 16 North America Consumer Electronics Sensor Market Outlook, By Image Sensor (2021-2030) ($MN)
- Table 17 North America Consumer Electronics Sensor Market Outlook, By Motion Sensor (2021-2030) ($MN)
- Table 18 North America Consumer Electronics Sensor Market Outlook, By Position Sensor (2021-2030) ($MN)
- Table 19 North America Consumer Electronics Sensor Market Outlook, By Pressure Sensor (2021-2030) ($MN)
- Table 20 North America Consumer Electronics Sensor Market Outlook, By Temperature Sensor (2021-2030) ($MN)
- Table 21 North America Consumer Electronics Sensor Market Outlook, By Touch Sensor (2021-2030) ($MN)
- Table 22 North America Consumer Electronics Sensor Market Outlook, By End User (2021-2030) ($MN)
- Table 23 North America Consumer Electronics Sensor Market Outlook, By Communication (2021-2030) ($MN)
- Table 24 North America Consumer Electronics Sensor Market Outlook, By Entertainment (2021-2030) ($MN)
- Table 25 North America Consumer Electronics Sensor Market Outlook, By Home Appliances (2021-2030) ($MN)
- Table 26 North America Consumer Electronics Sensor Market Outlook, By Information Technology (IT) (2021-2030) ($MN)
- Table 27 Europe Consumer Electronics Sensor Market Outlook, By Country (2021-2030) ($MN)
- Table 28 Europe Consumer Electronics Sensor Market Outlook, By Product (2021-2030) ($MN)
- Table 29 Europe Consumer Electronics Sensor Market Outlook, By Image Sensor (2021-2030) ($MN)
- Table 30 Europe Consumer Electronics Sensor Market Outlook, By Motion Sensor (2021-2030) ($MN)
- Table 31 Europe Consumer Electronics Sensor Market Outlook, By Position Sensor (2021-2030) ($MN)
- Table 32 Europe Consumer Electronics Sensor Market Outlook, By Pressure Sensor (2021-2030) ($MN)
- Table 33 Europe Consumer Electronics Sensor Market Outlook, By Temperature Sensor (2021-2030) ($MN)
- Table 34 Europe Consumer Electronics Sensor Market Outlook, By Touch Sensor (2021-2030) ($MN)
- Table 35 Europe Consumer Electronics Sensor Market Outlook, By End User (2021-2030) ($MN)
- Table 36 Europe Consumer Electronics Sensor Market Outlook, By Communication (2021-2030) ($MN)
- Table 37 Europe Consumer Electronics Sensor Market Outlook, By Entertainment (2021-2030) ($MN)
- Table 38 Europe Consumer Electronics Sensor Market Outlook, By Home Appliances (2021-2030) ($MN)
- Table 39 Europe Consumer Electronics Sensor Market Outlook, By Information Technology (IT) (2021-2030) ($MN)
- Table 40 Asia Pacific Consumer Electronics Sensor Market Outlook, By Country (2021-2030) ($MN)
- Table 41 Asia Pacific Consumer Electronics Sensor Market Outlook, By Product (2021-2030) ($MN)
- Table 42 Asia Pacific Consumer Electronics Sensor Market Outlook, By Image Sensor (2021-2030) ($MN)
- Table 43 Asia Pacific Consumer Electronics Sensor Market Outlook, By Motion Sensor (2021-2030) ($MN)
- Table 44 Asia Pacific Consumer Electronics Sensor Market Outlook, By Position Sensor (2021-2030) ($MN)
- Table 45 Asia Pacific Consumer Electronics Sensor Market Outlook, By Pressure Sensor (2021-2030) ($MN)
- Table 46 Asia Pacific Consumer Electronics Sensor Market Outlook, By Temperature Sensor (2021-2030) ($MN)
- Table 47 Asia Pacific Consumer Electronics Sensor Market Outlook, By Touch Sensor (2021-2030) ($MN)
- Table 48 Asia Pacific Consumer Electronics Sensor Market Outlook, By End User (2021-2030) ($MN)
- Table 49 Asia Pacific Consumer Electronics Sensor Market Outlook, By Communication (2021-2030) ($MN)
- Table 50 Asia Pacific Consumer Electronics Sensor Market Outlook, By Entertainment (2021-2030) ($MN)
- Table 51 Asia Pacific Consumer Electronics Sensor Market Outlook, By Home Appliances (2021-2030) ($MN)
- Table 52 Asia Pacific Consumer Electronics Sensor Market Outlook, By Information Technology (IT) (2021-2030) ($MN)
- Table 53 South America Consumer Electronics Sensor Market Outlook, By Country (2021-2030) ($MN)
- Table 54 South America Consumer Electronics Sensor Market Outlook, By Product (2021-2030) ($MN)
- Table 55 South America Consumer Electronics Sensor Market Outlook, By Image Sensor (2021-2030) ($MN)
- Table 56 South America Consumer Electronics Sensor Market Outlook, By Motion Sensor (2021-2030) ($MN)
- Table 57 South America Consumer Electronics Sensor Market Outlook, By Position Sensor (2021-2030) ($MN)
- Table 58 South America Consumer Electronics Sensor Market Outlook, By Pressure Sensor (2021-2030) ($MN)
- Table 59 South America Consumer Electronics Sensor Market Outlook, By Temperature Sensor (2021-2030) ($MN)
- Table 60 South America Consumer Electronics Sensor Market Outlook, By Touch Sensor (2021-2030) ($MN)
- Table 61 South America Consumer Electronics Sensor Market Outlook, By End User (2021-2030) ($MN)
- Table 62 South America Consumer Electronics Sensor Market Outlook, By Communication (2021-2030) ($MN)
- Table 63 South America Consumer Electronics Sensor Market Outlook, By Entertainment (2021-2030) ($MN)
- Table 64 South America Consumer Electronics Sensor Market Outlook, By Home Appliances (2021-2030) ($MN)
- Table 65 South America Consumer Electronics Sensor Market Outlook, By Information Technology (IT) (2021-2030) ($MN)
- Table 66 Middle East & Africa Consumer Electronics Sensor Market Outlook, By Country (2021-2030) ($MN)
- Table 67 Middle East & Africa Consumer Electronics Sensor Market Outlook, By Product (2021-2030) ($MN)
- Table 68 Middle East & Africa Consumer Electronics Sensor Market Outlook, By Image Sensor (2021-2030) ($MN)
- Table 69 Middle East & Africa Consumer Electronics Sensor Market Outlook, By Motion Sensor (2021-2030) ($MN)
- Table 70 Middle East & Africa Consumer Electronics Sensor Market Outlook, By Position Sensor (2021-2030) ($MN)
- Table 71 Middle East & Africa Consumer Electronics Sensor Market Outlook, By Pressure Sensor (2021-2030) ($MN)
- Table 72 Middle East & Africa Consumer Electronics Sensor Market Outlook, By Temperature Sensor (2021-2030) ($MN)
- Table 73 Middle East & Africa Consumer Electronics Sensor Market Outlook, By Touch Sensor (2021-2030) ($MN)
- Table 74 Middle East & Africa Consumer Electronics Sensor Market Outlook, By End User (2021-2030) ($MN)
- Table 75 Middle East & Africa Consumer Electronics Sensor Market Outlook, By Communication (2021-2030) ($MN)
- Table 76 Middle East & Africa Consumer Electronics Sensor Market Outlook, By Entertainment (2021-2030) ($MN)
- Table 77 Middle East & Africa Consumer Electronics Sensor Market Outlook, By Home Appliances (2021-2030) ($MN)
- Table 78 Middle East & Africa Consumer Electronics Sensor Market Outlook, By Information Technology (IT) (2021-2030) ($MN)
