Consumer Electronics Sensors Market Growth & Trends
The global consumer electronics sensors market size is expected to reach USD 13.07 billion by 2030, growing at a CAGR of 10.1% from 2024 to 2030. The increasing proliferation of smartphones and tablets on a global level is expected to drive demand over the forecast period. Preference for smart devices and increasing disposable income may further fuel the market. High-performance cameras in high-end smartphones along with newer applications, such as restore recognition, 3D mapping, and eye tracking, are expected to favor revenue growth.
Increasing trend of two cameras per device and the need for high-end cameras in gaming consoles has added to product demand. Surveillance applications are also expected to show growth opportunities owing to increasing implementation worldwide in traffic management. Increased R&D has enabled cheaper, miniaturized, and efficient products, which serves as an attractive opportunity for industry participants. Continuous technological advancements, such as increasing use of Micro Electro Mechanical Systems (MEMS) products, owing to benefits, such as low power consumption and cost, miniaturization, easy integration, and high performance, may provide positive avenues to overall demand.
Consumer Electronics Sensors Market Report Highlights
- The image segment accounted for a revenue share of 39.8% in 2023. Due to an increase in investments in research and development, companies are creating new sensors that are affordable, small, and use less energy.
- Communications applications accounted for the largest market revenue share of 36.8% in 2023.
- APAC dominated the market with a share of 44.3% in 2023. The driving forces behind this are the rising youth population in countries like India who are interested in Electronics.
Why should you buy this report?
- Comprehensive Market Analysis: Gain detailed insights into the global market across major regions and segments.
- Competitive Landscape: Explore the market presence of key players worldwide.
- Future Trends: Discover the pivotal trends and drivers shaping the future of the global market.
- Actionable Recommendations: Utilize insights to uncover new revenue streams and guide strategic business decisions.
This report addresses:
- Market intelligence to enable effective decision-making
- Market estimates and forecasts from 2018 to 2030
- Growth opportunities and trend analyses
- Segment and regional revenue forecasts for market assessment
- Competition strategy and market share analysis
- Product innovation listing for you to stay ahead of the curve
- COVID-19's impact and how to sustain in these fast-evolving markets
This product will be delivered within 1-3 business days.
Table of Contents
Chapter 1. Methodology and Scope
Chapter 2. Executive Summary
Chapter 3. Consumer Electronic Sensors Market Variables, Trends, & Scope
Chapter 4. Consumer Electronic Sensors Market: Product Estimates & Trend Analysis
Chapter 5. Consumer Electronic Sensors Market: Application Estimates & Trend Analysis
Chapter 6. Consumer Electronic Sensors Market: Regional Estimates & Trend Analysis
Chapter 7. Competitive Landscape
Companies Mentioned
- Sony Corporation
- SAMSUNG
- Bosch Sensortec GmbH
- DigiKey.
- STMicroelectronics
- OMNIVISION
- Analog Devices
- Panasonic Corporation
- Knowles Electronics
- InvenSense
Methodology
LOADING...
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 80 |
| Published | August 2024 |
| Forecast Period | 2023 - 2030 |
| Estimated Market Value ( USD | $ 6.8 Billion |
| Forecasted Market Value ( USD | $ 13.07 Billion |
| Compound Annual Growth Rate | 10.1% |
| Regions Covered | Global |
| No. of Companies Mentioned | 10 |
