The global electronic sensors market is projected to grow at a significant CAGR during the forecast period. The increased penetration of smartphones, together with technological advancements in smartphone sensor technology, are the primary factors driving the electronic sensors industry. A large number of smartphone firms on the market, as well as the wide range of products they offer, has boosted the number of users. Three image sensors are being used in a single smartphone by smartphone manufacturers. There is one sensor on the front of the phone and two on the back. This helps to increase the picture’s quality that is driving the market growth.
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Furthermore, market players are constantly investing in the development of advanced technologies, which provides the market with even more opportunities. The key players of the market include Sony Corp., Samsung Electronics Co., Ltd., STMicroelectronics International N.V., NXP Semiconductors N.V., Infineon Technologies AG and others. To maintain a strong position in the market, these market players adopt various strategies such as product launches, partnerships, collaborations, and mergers and acquisitions.
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Market Coverage
- The market number available for – 2020-2027
- Base year- 2020
- Forecast period- 2021-2027
- Segment Covered-
o By Type
o By Application
- Competitive Landscape: Sony Corp., Samsung Electronics Co., Ltd., STMicroelectronics International N.V., NXP Semiconductors N.V., Infineon Technologies AG and others
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominates the market in base year?
- Which segment and region will project fastest growth in the market?
- How COVID-19 impacted the market?
o Recovery Timeline
o Deviation from pre-COVID forecast
o Most affected region and segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
Global Electronic Sensors Market by Segment
By Type
- Image Sensor
- Temperature Sensor
- Pressure Sensor
- Motion Sensor
- Biometric Sensor
- Others (Proximity Sensors)
By Application
- Consumer Electronics
- Automotive
- Industrial
- Others
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