Electronic Sensors Market for Consumer Industry Worth 26.76 Billion USD by 2022
PUNE, India, March 22, 2016 /PRNewswire/ --
According to the new market research report "Electronic Sensors Market for Consumer Industry by Type (Image, Motion, Pressure, Temperature, Fingerprint, Proximity, & Others), Application (Communication & IT, Entertainment, Home Appliances, & Wearable Devices), and Geography - Global Forecast to 2022", published by MarketsandMarkets, the market for the consumer industry is expected to reach USD 26.76 Billion by 2022, at a CAGR of 12.26% between 2016 and 2022.
(Logo: http://photos.prnewswire.com/prnh/20160303/792302 )
Browse more than 82 market data Tables with 79 Figures spread through 172 pages and in-depth TOC on "Electronic Sensors Market For Consumer Industry"
http://www.marketsandmarkets.com/Market-Reports/consumer-electronics-sensors-market-1293.html
Early buyers will receive 10% customization on this report.
The growing demand for smartphones, tablets, and wearable devices such as fitness and activity trackers are the key factors driving the growth of the electronic sensors market for the consumer industry. The deployment of various sensors including image sensors, motion sensors, temperature sensors, pressure sensors, proximity sensors, fingerprint sensors, level sensors, and biosensors in various applications is expected to drive the market for communication & IT, home appliances, entertainment, and wearable devices applications.
Fingerprint sensors are expected to grow at the highest rate:
The demand from applications such as communication & IT, home appliances, entertainment, and wearable devices is expected to be the key driver for the growth of the electronic sensors market for consumer industry in the near future. The market for fingerprint sensors is expected to grow at the highest rate owing to the demand from a large number of electronic devices such as smartphones and tablets for providing more reliable and secure user access levels. Moreover, the popularity of mobile payment (m-commerce) has further strengthened the demand for fingerprint sensors in smartphones. These sensors are further classified as swipe and area fingerprint sensors, depending on their type. Swipe fingerprint sensors are most widely used across smartphones, laptops, and other consumer electronics.
Asia-Pacific is expected to be the fastest-growing region in the electronic sensors market for the consumer industry during the forecast period:
The Asia-Pacific region is home to key industrial players and a manufacturing and assembly hub for smartphones and home appliances. Therefore, this market is expected to grow at the highest CAGR between 2016 and 2022. The demand for budget smartphone and fitness and activity trackers is further expected to propel the growth of the sensor market in consumer electronics. Samsung Electronics Co., Ltd., LG Electronics, Haier, Midea, and Cree Appliance are some of the key suppliers of consumer electronics products based in this region.
Sony Corporation (Japan), STMicroelectronics N.V. (Switzerland), Samsung Electronics Co., Ltd. (South Korea), NXP Semiconductors N.V. (Netherlands), Robert Bosch GmbH (Germany), Murata Manufacturing Company, Ltd. (Japan), Infineon Technologies AG (Germany), TE Connectivity Ltd. (Switzerland), Synaptics Incorporated (U.S.), Cypress Semiconductor Corporation (U.S.), and OMRON Corporation (Japan) are the key players in the electronic sensors market for consumer industry.
Inquiry Before Buying: http://www.marketsandmarkets.com/Enquiry_Before_Buying.asp?id=1293
This report describes the market trends, drivers, and challenges with respect to the Electronic Sensors Market for the consumer industry, and forecasts the market up to 2022. This global report gives a detailed view of the market across the four geographies, namely, North America, Europe, Asia-Pacific, and Rest of the World. The report profiles the most promising players in the electronic sensors market for the consumer industry. In the competitive landscape of the market, the companies engaged in the manufacturing of various sensors are the key players in the market and the global market is a fragmented one. These players are adopting strategies of innovations via new product launches, expansions, partnerships, and agreements.
Browse Related Reports
Fingerprint Sensors Market by Type (Swipe &Area), Technology, Material (Optical Prism, Piezoelectric, Capacitive & Adhesives), Application (Mobile, Government, Healthcare, Commercial Security & Others) & Geography - Global Forecast to 2014 - 2020
http://www.marketsandmarkets.com/Market-Reports/fingerprint-sensors-market-169519533.html
CMOS Image Sensor Market by Technology (CMOS and Others), Specification, Wafer & Sensor Size, Application (Automotive, Consumer Electronics, Industrial, Entertainment, & Security & Surveillance), and Region - Global Trends and Forecast to 2020
http://www.marketsandmarkets.com/Market-Reports/cmos-image-sensor-market-252212367.html
About MarketsandMarkets
MarketsandMarkets is world's No. 2 firms in terms of annual published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model - GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors.
M&M's flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical info graphics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.
We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.
Contact:
Mr. Rohan
Markets and Markets
UNIT no 802, Tower no. 7, SEZ
Magarpatta city, Hadapsar
Pune, Maharashtra 411013, India
Tel: + 1-888-600-6441
Email: [email protected]
Visit MarketsandMarkets Blog @ http://www.marketsandmarketsblog.com/market-reports/electronics-and-semiconductors
Connect with us on LinkedIn @ http://www.linkedin.com/company/marketsandmarkets
SOURCE MarketsandMarkets
Share this article