Semiconductor Sensors Market by End-users and Geography - Global Forecast 2019-2023

Industry Insights

The global semiconductor sensors market size will grow by USD 8.23 billion during 2019-2023 at a CAGR of over 10%. The increasing adoption of MEMS and the emergence of sensor fusion technology are some of the factors expected to drive market growth. This market report provides a detailed analysis of the market by end-users (consumer electronics, automotive, industrial, and others), and geography (the Americas, APAC, and EMEA). Also, the report analyzes the market’s competitive landscape and offers information on several market vendors, including Infineon Technologies AG, NXP Semiconductors NV, Robert Bosch GmbH, STMicroelectronics International NV, and Texas Instruments Inc.

Sensors are integrated circuits (ICs), which are integrated into devices to detect or measure physical movements. Proximity sensors, geometric sensors, light sensors, motion sensors, and fingerprint sensors are some of the sensors that are integrated into consumer electronic devices, automobiles, industrial equipment, and aerospace and defense equipment.

Key Insights from Semiconductor Sensors Market – Global Forecast 2019-2023

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Sensory fusion technology combines data from multiple sensors such as gyroscopes, compass, and accelerometers to calculate elevation, direction, gravity, linear translation, and rotation. This technology uses extensive technical algorithms such as Kalman filtering to combine data from different sensors and provide a highly accurate and reliable view of data. The context awareness provided by sensor fusion technology will boost its adoption in smart electronic systems used across end-user segments. Market vendors are also focusing on the development of 3D MEMS IMUs to achieve sensor fusion. The emergence of sensor fusion technology will be one of the critical semiconductor sensors market trends, which will boost the demand for semiconductor sensors in smart electronic devices and systems.

Mobile computing device manufacturers are increasingly focusing on the integration of advanced technologies such as haptics, gesture control, facial recognition, heart rate monitoring, GPS tracker, and voice recognition in their products. This will boost the demand for MEMS sensors such as accelerometers, gyroscopes, microphones, and inertial combo sensors. MEMS sensors can measure temperature, pressure, gravitational force, radiation and magnetic and electric fields and offer higher operating efficiency than other types of sensors. With the increasing use of miniaturized semiconductor components in electronic devices, the demand for MEMS sensors will also grow. This increasing adoption of MEMS will be a significant factor fueling the growth of the semiconductor sensors market. As a result of these factors, the semiconductor sensors market will register a CAGR of over 10% during the forecast period. However, the market’s growth momentum will decelerate over the next few years because of the decline in year-over-year growth.

Industry Analysis

End-user Insights

The end-user segment has been segregated into consumer electronics, automotive, industrial, and others. The consumer electronics segment accounted for the highest semiconductor sensors market share in 2018. During the forecast period, consumer electronics and automotive segments will grow at a faster pace than the overall market. The industrial and other segments will grow at a slower pace than the overall market.

The increasing penetration of smartphones is one of the significant factors boosting the demand for semiconductor sensors from the consumer electronics industry. The increasing demand for IoT across industries will also fuel the growth of the semiconductor sensors market in this segment.

Regional Insights

APAC accounted for the highest market share in 2018. The market’s growth in this region will be faster than the growth of the market in other regions, and APAC will account for the largest semiconductor sensors market share throughout the forecast period. China is a key market for semiconductor sensors in this region.

The presence of a large number of consumer electronic device OEMs in APAC will be one of the primary driving factors boosting semiconductor sensors market growth in this region. Factors such as the rising investments in automotive production and the increasing number of automotive safety and pollution regulations will also fuel the growth of the semiconductor sensors market in APAC.

Top Semiconductor Sensor Manufacturers

The market is concentrated. To help clients improve their position, this semiconductor sensors market analysis report provides information on the competitive landscape and the products offered by various companies. Moreover, this semiconductor sensors market research report also includes information on the upcoming trends and challenges that will influence market growth. This will help companies create strategies to make the most of their future growth opportunities.

The report offers a detailed analysis of several leading semiconductor sensor manufacturers, including:

• Infineon Technologies AG
• NXP Semiconductors NV
• Robert Bosch GmbH
• STMicroelectronics International NV
• Texas Instruments Inc.

Segments Covered in the Report

Semiconductor sensors market by end-users

• Consumer electronics
• Automotive
• Industrial
• Others

Semiconductor sensors market by region

• The Americas
• APAC
• EMEA

Key Highlights of the Semiconductor Sensors Market Forecast Report for the Period 2019-2023 

• CAGR of the market during the forecast period 2019-2023 
• Detailed information on factors that will decelerate the growth of the semiconductor sensors market size during the next five years 
• Precise estimation of the global semiconductor sensors market size and its contribution to the parent market 
• Accurate predictions on upcoming trends and changes in consumer behavior 
• The growth of the semiconductor sensors industry across APAC, EMEA, and the Americas 
• A thorough analysis of the market’s competitive landscape and detailed information on several vendors 
• Comprehensive details of factors that will challenge the growth of semiconductor sensors companies

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