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Sensors Market for Smartphones Market by Price and Geography - Forecast and Analysis 2021-2025

  • Published: Dec 2021
  • Pages: 120
  • SKU: IRTNTR71853
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The sensors market share for smartphones is expected to increase by USD 634.54 million from 2020 to 2025, at a CAGR of 2.29%.

This sensors market for smartphones market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers sensors market for smartphones market segmentation by price (premium range, medium range, and low range) and geography (APAC, North America, Europe, South America, and MEA). The sensors market for smartphones market report also offers information on several market vendors, including Alps Alpine Co. Ltd., ams AG, Fujitsu Ltd., Murata Manufacturing Co. Ltd., OmniVision Technologies Inc., Panasonic Corp., Qualcomm Inc., Robert Bosch GmbH, Samsung Electronics Co. Ltd., and STMicroelectronics NV. among others.

What will the Sensors Market Size for Smartphones be During the Forecast Period?

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Sensors Market for Smartphones: Key Drivers and Trends

The increasing implementation of mobile ar applications by enterprises is notably driving the sensors market for smartphones market growth, although factors such as design complexity may impede market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the sensors market for the smartphones industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Sensors Market for Smartphones Driver

The increasing implementation of mobile AR applications by enterprises is one of the key factors driving the sensors market for smartphones market. The marketing and advertising sector is one of the earliest adopters of augmented reality (AR) and is also one of the largest markets for mobile AR. Several companies, such as Fitbit and Inter IKEA Systems BV, are using AR-based mobile advertising to engage with target audiences. The increasing use of AR technology by enterprises in the marketing and advertising sector has led to the integration of depth-sensing 3D cameras and sensors in smartphones by OEMs. Google and Apple are introducing AR apps for mobile devices. A depth-sensing 3D camera and sophisticated sensors are necessary for running mobile AR apps.

Key Sensors Market for Smartphones Challenge

One of the major challenges faced by the global sensors market for smartphones is the limitation associated with the board size. Smartphone vendors in the market are integrating several sensors into their smartphones to provide additional features such as fingerprint sensing and facial recognition. However, the use of a discrete or standalone sensor will require more board space, which will be detrimental to the miniaturization of devices. Manufacturers of sensors need to reduce the IC size and maintain the manufacturing costs, which is a challenge for them. Therefore, the manufacturers of sensors have to design a high-performance sensor chip with a reduced size by optimizing the cost of manufacturing.

This sensors market for smartphones market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.

Who are the Major Sensors Market Vendors for Smartphones?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

 

  • Alps Alpine Co. Ltd.
  • ams AG
  • Fujitsu Ltd.
  • Murata Manufacturing Co. Ltd.
  • OmniVision Technologies Inc.
  • Panasonic Corp.
  • Qualcomm Inc.
  • Robert Bosch GmbH
  • Samsung Electronics Co. Ltd.
  • STMicroelectronics NV.

 

This statistical study of the sensors market for smartphones encompasses successful business strategies deployed by the key vendors. The sensors market for smartphones market is fragmented and the vendors are deploying growth strategies such as product differentiation to compete in the market.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The sensors market forecast for smartphones report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies. 

Which are the Key Regions for Sensors Market for Smartphones?

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75% of the market’s growth will originate from APAC during the forecast period. China, South Korea (Republic of Korea), Japan, and Taiwan are the key markets for sensors market for smartphones in APAC. Market growth in this region will be slower than the growth of the market in North America.

The presence of major smartphone OEMs like Huawei Technologies, Lenovo Group, HTC Corp. (HTC), Guangdong OPPO Mobile Telecommunications, SAMSUNG ELECTRONICS, Xiaomi, and ZTE Corp. (ZTE) will facilitate the sensors market growth for smartphones in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

What are the Revenue-generating Price Segments in the Sensors Market for Smartphones?

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The sensors market share growth for smartphones by the premium range segment will be significant during the forecast period. Smartphones priced above $400 belong to the premium range smartphone segment. Premium range smartphones are supposed to be integrated with advanced technologies such as AI, gesture recognition, haptics, facial recognition, voice recognition, and others. Technavio expects that the integration of AI chips by smartphone OEMs will have a positive impact on the adoption of HMI technologies in smartphones, which will increase the number of sensors used in smartphones.

This report provides an accurate prediction of the contribution of all the segments to the growth of the sensors market size for smartphones and actionable market insights on post COVID-19 impact on each segment.

 

Sensors Market for Smartphones Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Decelerate at a CAGR of 2.29%

Market growth 2021-2025

$ 634.54 million

Market structure

Fragmented

YoY growth (%)

2.97

Regional analysis

APAC, North America, Europe, South America, and MEA

Performing market contribution

APAC at 75%

Key consumer countries

China, South Korea (Republic of Korea), US, Japan, and Taiwan

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

Alps Alpine Co. Ltd., ams AG, Fujitsu Ltd., Murata Manufacturing Co. Ltd., OmniVision Technologies Inc., Panasonic Corp., Qualcomm Inc., Robert Bosch GmbH, Samsung Electronics Co. Ltd., and STMicroelectronics NV.

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period

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What are the Key Data Covered in this Sensors Market for Smartphones Report?

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive sensors market growth for smartphones during the next five years
  • Precise estimation of the sensors market size for smartphones and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the sensors industry for smartphones across APAC, North America, Europe, South America, and MEA
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of sensors market vendors for smartphones 

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Executive Summary

    Market Landscape

    • Market ecosystem
    • Value chain analysis

    Market Sizing

    • Market definition
    • Market segment analysis
    • Market size 2020
    • Market outlook: Forecast for 2020 - 2025

    Five Forces Analysis

    • Bargaining power of buyers
    • Bargaining power of suppliers
    • Threat of new entrants
    • Threat of substitutes
    • Threat of rivalry
    • Market condition

    Market Segmentation by Price

    • Market segments
    • Comparison by Price
    • Premium range - Market size and forecast 2020-2025
    • Medium range - Market size and forecast 2020-2025
    • Low range - Market size and forecast 2020-2025
    • Market opportunity by Price

    Customer landscape

      Geographic Landscape

      • Geographic segmentation
      • Geographic comparison
      • APAC - Market size and forecast 2020-2025
      • North America - Market size and forecast 2020-2025
      • Europe - Market size and forecast 2020-2025
      • South America - Market size and forecast 2020-2025
      • MEA - Market size and forecast 2020-2025
      • Key leading countries
      • Market opportunity by geography
      • Market drivers
      • Market challenges
      • Market trends

      Vendor Landscape

      • Overview
      • Landscape disruption

      Vendor Analysis

      • Vendors covered
      • Market positioning of vendors
      • Alps Alpine Co. Ltd.
      • ams AG
      • Fujitsu Ltd.
      • Murata Manufacturing Co. Ltd.
      • OmniVision Technologies Inc.
      • Panasonic Corp.
      • Qualcomm Inc.
      • Robert Bosch GmbH
      • Samsung Electronics Co. Ltd.
      • STMicroelectronics NV.

      Appendix

      • Scope of the report
      • Currency conversion rates for US$
      • Research methodology
      • List of abbreviations

      Research Framework

      Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

      TechnavioINFORMATION SOURCES

      Primary sources

      • Manufacturers and suppliers
      • Channel partners
      • Industry experts
      • Strategic decision makers

      Secondary sources

      • Industry journals and periodicals
      • Government data
      • Financial reports of key industry players
      • Historical data
      • Press releases
      Technavio

      TechnavioDATA ANALYSIS

      Data Synthesis

      • Collation of data
      • Estimation of key figures
      • Analysis of derived insights

      Data Validation

      • Triangulation with data models
      • Reference against proprietary databases
      • Corroboration with industry experts
      Technavio

      TechnavioREPORT WRITING

      Qualitative

      • Market drivers
      • Market challenges
      • Market trends
      • Five forces analysis

      Quantitative

      • Market size and forecast
      • Market segmentation
      • Geographical insights
      • Competitive landscape
      Interested in this report?
      Get your FREE sample now!
      The sensors market for smartphones market growth will increase by $634.54 million during 2020-2025.
      The sensors market for smartphones market is expected to grow at a CAGR of 2.29% during 2020-2025.
      Technavio has segmented the sensors market for smartphones market by price (Premium range, Medium range, and Low range) and geographic (APAC, North America, Europe, South America, and MEA).
      Alps Alpine Co. Ltd., ams AG, Fujitsu Ltd., Murata Manufacturing Co. Ltd., OmniVision Technologies Inc., Panasonic Corp., Qualcomm Inc., Robert Bosch GmbH, Samsung Electronics Co. Ltd., STMicroelectronics NV. are a few of the key vendors in the sensors market for smartphones market.
      APAC will register the highest growth rate of 75.23% among the other regions. Therefore, the sensors market for smartphones market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.
      • China
      • South Korea (Republic of Korea)
      • US
      • Japan
      • Taiwan
      The key factors driving the sensors market for smartphones market growth are:
      • Increasing implementation of mobile AR applications by enterprises
      The sensors market for smartphones market vendors should focus on grabbing business opportunities from the premium range segment as it accounted for the largest market share in the base year.
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