The global electronic sensors market is projected to grow at a significant CAGR during the forecast period. The major factors that propels the electronic sensors market include growing penetration of smartphone coupled with growing technological advancement in the smartphone sensor technology. A huge number of smartphone companies in the market and the wide range of products offered by them have increased the number of users. According to the communications regulator in the UK, Ofcom in 2015, two-thirds of the people in the UK own a smartphone, spending nearly about two hours every day on their phones. As per the Ofcom, for 33% of the internet users, the smartphone is the most important device for their on-going life in contrast to the 30% who use laptops. Smartphone manufacturers nowadays use three image sensors in a single smartphone. One sensor in front of the mobile and 2 at the back of the smartphone. This helps to improve the quality of the picture. The market players are continuously investing in the development of advanced technologies that further provide significant opportunity to the market.
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Among application, the consumer electronics held a considerable share in the market owing to the significant rise in the application of various types of sensors in consumer electronics products such as smartphone, laptops, wearable devices and other consumer electronics products. Along with smartphone, the electronic sensors such as image sensors find their significant application in HD camcorders. Media and journalism can be considered as a major sector that offers growth to the HD camcorders industry. Moreover, in the recent past, the trend of video recording in festivals, weddings, birthday celebration have increased. This is backed by the increasing trend of sharing videos and pictures on social media. Collectively, these factors have increased the market of HD camcorders in the recent few years, which in turn, have augmented the demand for image sensors. The various electronic sensors such as image sensors are particularly used in camcorders to record better HD resolution and fast-moving activity, and thus these sensors are found in the majority of IP security cameras.
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- Market Coverage
- Market number available for – 2024-2031
- Base year- 2024
- Forecast period- 2024-2031
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Global Electronic Sensors Market by Segment
By Type
o Image Sensor
o Temperature Sensor
o Pressure Sensor
o Motion Sensor
o Biometric Sensor
o Others(Proximity Sensors)
By Application
o Consumer Electronics
o Automotive
o Industrial
o Others
Global Electronic Sensors Market by Region
North America
- United States
- Canada
Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
Rest of the World
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