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The sensors market share for smartphones is expected to decrease by USD 578.29 million from 2021 to 2026, at a CAGR of 1.99%.
This sensors market for smartphones 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 the sensors market segmentation for smartphones by price (premium range, medium range, and low range) and geography (APAC, North America, Europe, South America, and Middle East and Africa). The sensors market for smartphones report also offers information on several market vendors, including Alps Alpine Co. Ltd, ams AG, Broadcom Inc., CEVA Inc., Fingerprint Cards AB, Fujitsu Ltd., Murata Manufacturing Co. Ltd., OMNIVISION Technologies Inc., Panasonic Corp, Qualcomm Inc., Robert Bosch GmbH, ROHM Co. Ltd., Samsung Electronics Co. Ltd., Sensirion AG, Shenzhen Goodix Technology Co. Ltd., Sony Group Corp., STMicroelectronics NV, Synaptics Inc., and TDK Corp. among others.
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The increasing implementation of mobile ar applications by enterprises is notably driving the sensors market growth for smartphones, although factors such as design complexity may impede the 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 industry for smartphones. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.
Key Sensors Market Driver for Smartphones
One of the key factors driving market growth in the sensors market for smartphones is the increasing implementation of mobile AR applications by enterprises. 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. Mobile AR advertising offers direct communication to the consumer by making the product appear more real and by ensuring a more user-friendly environment. 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. Mobile devices, including smartphones, must possess certain features for the efficient functioning of AR. To capitalize on the increasing use of AR technology in the marketing and advertising sector, market participants such as Google and Apple are introducing AR apps for mobile devices. As a result, sophisticated sensors are increasingly being integrated into mobile devices for the superior functioning of AR apps.
Key Sensors Market Trend for Smartphones
The emergence of sensor fusion technology is a sensor market trend for smartphones that are expected to have a positive impact in the coming years. Sensor fusion technology enables smartphones to combine data from different sensors such as gyroscopes, compasses, and accelerometers to calculate elevation, linear translation, gravity, direction, and rotation. It is critical that different sensors can operate efficiently with each other. Sensor-fusion technology is also essential for this interoperability. In this aspect, the vendors in the market are continuously developing algorithm solutions that enable sensors to work more accurately with each other. Sensor fusion solutions are being deployed in smartphones and tablets for AR applications. Combining data from multiple sensors also eliminates most of the deficiencies of individual sensors to calculate the accurate position and orientation information. Thus, the deployment of sensor fusion enables smartphone manufacturers to deploy software to derive accurate results from different types of sensors integrated into their smartphones. Thus, the growth of the global sensors market for smartphones will be driven by the adoption of sensor fusion solutions.
Key Sensors Market Challenge for Smartphones
The design complexity will be a major market challenge for the sensors market for smartphones during the forecast period. Smartphone vendors in the market are integrating several sensors into their smartphones to provide additional features. Some of the features include 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. With rapid technological advances and the trend of miniaturization, the size of circuits and chips is decreasing continuously, even with a rise in the need for uncompromised performance. Sensor manufacturers need to upgrade their offerings constantly to suit customer requirements. Therefore, they need to invest significantly in procuring equipment to manufacture smart and intelligent sensor ICs. Rapid technological advances are leading to the design complexity of ICs. The increased design complexity makes it difficult for manufacturers to design sensor ICs such as MEMS sensors, ultimately leading to a delay in production and additional expenses
This sensors market for smartphones 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 2022-2026.
Technavio categorizes the global sensors market for smartphones as a part of the global electronic equipment and instruments market within the overall electronics market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the sensors market for smartphones during the forecast period.
The report analyzes the market’s competitive landscape and offers information on several market vendors, including:
This statistical study of the sensors market for smartphones encompasses successful business strategies deployed by the key vendors. The sensors market for smartphones is concentrated and the vendors are deploying organic and inorganic growth strategies to compete in the market.
To make the most of the opportunities and recover from the 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 for smartphones forecast report offers in-depth insights into key vendor profiles. The profiles include information on the leading companies' production, sustainability, and prospects.
Our report provides extensive information on the value chain analysis for the sensors market for smartphones, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.
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76% of the market’s growth will originate from APAC during the forecast period. China, South Korea, Japan, and Taiwan are the key markets for sensors for smartphones in APAC. Market growth in this region will be faster than the growth of the market in the European regions.
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) in the region 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.
COVID Impact and Recovery Analysis
In 2020 and 2021, the COVID-19 pandemic severely affected the sensors market for smartphones in APAC. Lockdown and social distancing norms adversely impact the supply of smartphones and smartphone sensors. Moreover, the restrictions on trade activities during H1 2020 negatively impacted the supply chain in the market, which affected the growth of the regional market. However, the resumption of smartphone manufacturing plants following the initiation of large-scale COVID-19 vaccination programs in the second half of 2021 helped the market to recover in 2021 and 2022. Such factors are expected to drive the growth of the sensors market for smartphones during the forecast period.
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The sensor market share growth for smartphones in the premium range segment will be significant during the forecast period. The increasing adoption of HMI technologies in premium-range smartphones drives the demand for sensors. Sensors facilitate the use of HMI technologies. The air gesture feature in smartphones requires the integration of gesture recognition software, sensors, and 3D cameras.
This report provides an accurate prediction of the contribution of all the segments to the growth of the sensors market for smartphone size and actionable market insights on the post-COVID-19 impact on each segment.
Sensors Market for Smartphones Scope |
|
Report Coverage |
Details |
Page number |
120 |
Base year |
2021 |
Forecast period |
2022-2026 |
Growth momentum & CAGR |
Decelerate at a CAGR of 1.99% |
Market growth 2022-2026 |
$ 578.29 million |
Market structure |
Concentrated |
YoY growth (%) |
2.61 |
Regional analysis |
APAC, North America, Europe, South America, and Middle East and Africa |
Performing market contribution |
APAC at 76% |
Key consumer countries |
US, China, South Korea, Japan, and Taiwan |
Competitive landscape |
Leading companies, Competitive strategies, Consumer engagement scope |
Key companies profiled |
Alps Alpine Co. Ltd, ams AG, Broadcom Inc., CEVA Inc., Fingerprint Cards AB, Fujitsu Ltd., Murata Manufacturing Co. Ltd., OMNIVISION Technologies Inc., Panasonic Corp, Qualcomm Inc., Robert Bosch GmbH, ROHM Co. Ltd., Samsung Electronics Co. Ltd., Sensirion AG, Shenzhen Goodix Technology Co. Ltd., Sony Group Corp., STMicroelectronics NV, Synaptics Inc., and TDK Corp. |
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, and Market condition analysis for the forecast period. |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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