Smartphone Sensors Market Is Driven By Increasing GPS Based Applications
According to a new market research report published by Brisk Insigh “Global Smartphone Sensors Market by Type (Biometric Sensors, Image Sensors, Accelerometer, Gyroscope, Magnetometer, GPS, Ambient Light Sensor, Others); Applications (High End, Mid-range, Low End); – Growth, Future Prospects, and Competitive Analysis, 2019 - 2027”, the overall smartphone sensors market had registered a market value of US$ 50.55 Bn in 2018 and is set to grow with a CAGR of 5.60 % during the forecast period.
The smartphones manufacturers are focusing on development of display, biometrics, battery performance, camera, gaming and others hardware performance are major concerns for them, which is leading to development of new sensors in the market. The high quality sensors plays a vital role in increasing the sales of the smartphones. Moreover various smartphones manufacturing companies are focusing on partnership and acquisition with the sensors manufacturing companies to enhance their R&D capabilities.
In January 2019, Samsung launched smallest image sensors Isocell Slim 3T2 for their mid- range smartphones which is 5.1mm diagonally. This image sensor has been developed to provide image quality with 20-million active 0.8μm-sized pixels. Moreover, Isocell Plus technology, the sensor is capable to capture efficient light and produces improved and accurate color. This is developed to improve the camera quality.
Based on type, the smartphone sensors market has been segmented as biometric sensors, image sensors, accelerometer, gyroscope, magnetometer, GPS, ambient light sensor, and others. The image sensors segment held the largest share in the segment in 2018 and is expected to be dominate during the forecast period due increasing demand for high quality of cameras in the mid-range smartphones is driving the growth of image sensors in the global market. However, the the biometric sensors is expected to be the fastes growing segment due to integration face recognization, finguer print recognization and others is expected to drive the market during the forecast period.
North America accounted for the second position in the smartphone sensors market during 2018 and was expected to grow with a significant market CAGR during the forecast period due to the development of new technologies and features in the smartphone is driving the market growth. Similarly, the North America has smartphones manufacturing companies such as Motorola, Apple Inc. and others which are investing heavily in the development of new Smartphone which is contributing in the growth of the smartphone sensors market.
Some of the prominent players operating in the market are Broadcom., ams AG., STMicroelectronics Maxim Integrated, Melexis., Meggitt PLC., Murata Electronics Co., Ltd., Epson Europe Electronics GmbH, DYNA IMAGE Corporation, EVERLIGHT., OMRON Corporation, Heptagon Technologies Pvt Ltd, Panasonic Corporation, SHARP CORPORATION, SAMSUNG, and Sitronix Technology Corporation.
Browse the full report at https://www.briskinsights.com/report/smartphone-sensors-market
The Global Smartphone Sensors Market is Segmented into:
By Type Segment (2017–2027; US$ Bn)
By Applications Segment (2017–2027; US$ Bn)
By Geography Segment (2017–2027; US$ Bn)
*Complete segmentation list is on report page