Global Sensors in Mobile Phone Market was valued US$ XX Bn in 2018 and is expected to reach US$ XX Bn by 2026, at a CAGR of 6.81 % during a forecast period.
The sensors in mobile phones include a gyroscope, compass, ambient light sensor, accelerometer, proximity sensor, which are used to sense front and back-facing cameras, a microphone, GPS and Wi-Fi, and Bluetooth radios.
An introduction of the sensor fusion technology, rise in popularity of multiple-lens camera modules, implementation of mobile AR application by enterprises, and M&A activities by mobile phone key players are some of the prominent drivers behind the growth of the global sensors in the mobile phone market.
On the other hand, fluctuation in the prices of the sensor and obligation of taxes on the import and export of mobile phones are limiting the market growth in the global sensors in the mobile phone market.
An Adoption of sensor fusion solutions is of the key drivers in the global sensors in the mobile phone market. The deficiencies of individual sensors are eliminating by combining data from multiple sensors. Sensor fusion technology allows smartphones to combine data from numerous sensors like compass, gyroscopes, and accelerometers to compute elevation, linear translation, gravity, direction, and rotation. It also enables the grouping of the sensory inputs, which is derived from different sources to deliver a highly accurate result.
Biometric sensors are expected to contribute significant share in the global sensors in the mobile phone market. Biometric sensors are providing multi-factor security access to mobile phone users. Biometric payments technology for financial transactions is expected to increase the demand for mobile phones across the globe. Some of the service providers are delivering service, which is based on the biometric system. For instance, PayPal and ApplePay are implementing biometric-based payment solutions to reduce the necessity of carrying credit cards or cash.
The premium range segment is expected to grow at a XX% rate of CAGR during the forecast period. Premium range mobile phone is available in the market with several advanced technologies like AI, gesture recognition, haptics, facial recognition. Key players in the market are focusing on the incorporation of technologies like air gesture, fingerprint scanning, 3D sensing, and facial recognition into their products. The integration of the number of sensors is requiring in the mobile phone to facilitate appropriate functionalities. Manufacturers of mobile phones are incorporating more sensors in their premium-range offerings.
The Asia Pacific region held the US $ XXMn share in the global sensors in the mobile phone market in 2018 and projected to continue its dominance during the forecast period(2019-2026). An increase in the penetration rate of mobile phone among the young population in the developing economies like India and China are driving the growth in the sensors in the mobile phone market. Smartphone OEMs are expected to set up their smartphone production plants in the region because of the presence of raw materials and low labor costs.
Key players in the market are incorporating various solutions to improve the interface sensors because of the high penetration of the mobile phone across the globe. An increase in the adoption of mobile phones is increasing the demand for UV sensors, NFC sensors proximity sensors, ambient light, IR, and touch sensors. Some of the prominent smartphone key players like Apple, Samsung, Vivo, Oppose, etc. are focusing on the development of the sensor for their smartphones to deliver reliability in terms of security.
The objective of the report is to present a comprehensive analysis of Global Sensors in Mobile Phone Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all aspects of the industry with a dedicated study of key players that includes market leaders, followers and new entrants by region. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors by region on the market are presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analysed, which will give a clear futuristic view of the industry to the decision-makers. The report also helps in understanding Global Sensors in Mobile Phone Market dynamics, structure by analysing the market segments and project the Global Sensors in Mobile Phone Market size. Clear representation of competitive analysis of key players by Thyroid Gland Disorders Treatment Type, price, financial position, product portfolio, growth strategies, and regional presence in the Global Sensors in Mobile Phone Market make the report investor’s guide.
The report study has analyzed revenue impact of covid-19 pandemic on the sales revenue of market leaders, market followers and disrupters in the report and same is reflected in our analysis.
The Scope of the Report for Global Sensors in Mobile Phone Market
Global Sensors in Mobile Phone Market, By Sensor Type
Near Field Communication (NFC)
Ambient Light Sensor
• Others (Touch Sensors, Optical Sensor)
Global Sensors in Mobile Phone Market, By Price Range
• Premium range
• Medium range
• Low range
Global Sensors in Mobile Phone Market, By Region
• North America
• Asia Pacific
• Middle East & Africa
• South America
Key players operating in Global Sensors in Mobile Phone Market
• Samsung Electronics Co. Ltd.
• Pyreos Limited
• Qualcomm Incorporated
• Senodia Technologies
• Silicon Laboratories, Inc.
• STMicroelectronics NV
• InvenSense Inc.
• Alps Alpine Co. Ltd.
• Ams AG
• Robert Bosch GmbH
• Bosch Sensortec
• Fujitsu Limited
• Hillcrest Labs, Inc.
• Murata Manufacturing Co., Ltd.
• Goertek Inc.
• Panasonic Corporation
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