Global Smartphone Sensors Market Research and Forecast 2018-2023

The global smartphone sensors market is expected to grow at a significantly high growth rate for the forecast period of 2018-2023. There are a number of sensors in smartphone such as gyroscope, light sensor, proximity sensor, biometric sensor such as fingerprint sensor, face recognition, iris scan and magnetometer. The global smartphone sensor is growing at a very fast pace owing to demand for high end and mid-range smart phones. The competition between the smartphone manufacturers to gain higher market share is also a major motivator. Companies are constantly making an attempt to improve the overall user experience to topple each other. Camera, biometrics, battery performance, display, gaming and hardware performance are the key area of concern for smartphone manufacturers. Every upgrade in smartphone is targeted on improving the above listed features. High end and high-quality sensors play a key role in achieving this goal. Sensor manufacturers are also getting into partnership with major smartphone manufacturers to gain financial leverage and improve R&D capabilities.

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Geographically, the market is divided into North America, Europe, Asia Pacific and Rest of the World. North America is growing at a very significant pace owing to increasing sales of high end smartphone in this region. Apart from that, rising awareness amongst consumers regarding smartphone hardware and sensors, increasing per capita income and technological advancement and adoption in this region are the major motivating factors in the growth of global smartphone sensors market during the forecast period. On the other hand, APAC is the fastest growing region in the global smartphone sensors market majorly due to rising population and increasing number of sensors’ manufacturers. India, China, and Japan are the major countries in APAC region.

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The key players in the global smartphone sensors market include Ams AG, Broadcom Limited, Dyna Image, Epson Europe Electronics GMBH, Epticore, Everlight, Heptagon, Maxim Integrated, Meggitt Sensing Systems, Melexis, and so on Partnerships, R&Ds, M&As, and product launches are the key strategies adopted in the global smartphone sensors market. On June 2016, Silicon Sensing launched its new product, DMU11, which is available only in an OEM PCB format. This latest product is firmly aimed at integration into high-volume applications where a low acquisition cost is essential. By doing this, the company is increasing its product portfolio.

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