Consumer Electronic Sensors Market Size, Share, Growth, Trends and Industry Analysis Report, 2022
The global consumer electronic sensors market size is expected to exceed USD 34 billion by 2022. New product developments and investment in research & development are anticipated to contribute to market growth over the forecast period.
(firmenpresse) - The global consumer electronic sensors market size is expected to reach USD 34.57 billion by 2022, according to a new study by Grand View Research, Inc. 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, eye tracking, etc. is expected to favor revenue growth.
Increasing trend of two cameras per device and 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 technology 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.
Further key findings from the study suggest:
use of motion sensors in handheld devices. They are being used in laptops, digital cameras, MP3 players, TV remote controls, mobile phones, and game controllers to enable enhanced operation.
vices for health monitoring, indoor navigation and related niche applications is expected to offer significant growth opportunity over the forecast period. Additionally, they are also widely used for security surveillance in government and commercial sectors.
Indian government has also allowed 100% FDI in the hardware-manufacturing sector through the automatic route.
, Microsoft, Samsung, Continental, Hewlett-Packard, Seagate, and Western Digital. The company invested USD 1,520 million, USD 1,816 million and USD 2,413 million in 2014, 2013 and 2012, respectively for R&D activities.
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Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.
Sherry James
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Grand View Research, Inc
Phone: 1-415- 349-0058
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Datum: 06.01.2020 - 10:09 Uhr
Sprache: Deutsch
News-ID 1555050
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Date of sending: 06.01.2020
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