Press release
Sensors in Mobile Phone Market - Increasing Penetration of Smartphones
ch a value of US$ 20,046.0 Mn by 2026 on account of growing smartphone adoption and sensor technology across the mobile industry. The market is projected to expand at a CAGR of 6.01% during the forecast period from 2018 to 2026. North America is anticipated to experience healthy growth followed by Middle East & Africa during the forecast period.The interface sensor segment is expected to see flourishing growth, owing to rising demand for proximity sensors, ambient light, IR, UV sensors, NFC sensors, and touch sensors in smartphones.Obtain Report Details @ https://www.transparencymarketresearch.com/sensors-in-mobile-phones-market.html
Rapid developments in technologies have led the mobile industry to increase the number of consumers. There is significant need for technological solutions for sensor technology due to its advance features that helps in enhancing the quality of smartphones. This is likely to create strong demand for smart sensors in the near future. Vendors across countries such as China, India, the U.S., Australia, Germany, Finland, Singapore, and Denmark are focusing on enhancing the technological aspects of sensor technology. Public agencies as well as private companies are also emphasizing on manufacturing sensors for mobile phones mainly due to the benefits offered by sensor technology, as sensors are highly effective in improving the performance of mobile phones.
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The sensors in mobile phone market is segmented based on sensor type and geography. In terms of sensor type, the motion sensors segment is anticipated to experience flourishing growth during the forecast period. This is mainly due to increasing use of accelerometer, gyroscope, compass, and other magnetic sensors in smartphones across the world. In addition, growth of motion sensors is also expected to be supplemented by increasing demand for advance technological solutions across the mobile industry. By 2026, motion sensors are projected to cover around 40% of the global market. Apart from this, interface sensors also play a vital role in supplementing the growth of the sensors in mobile phone market.
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Vendors are integrating various solutions to enhance the interface sensors due to the increasing demand for proximity sensors, ambient light, IR, UV sensors, NFC sensors, and touch sensors in smartphones. Furthermore, security sensors have a strong opportunity in the sensor market due to the increasing adoption of fingerprint sensors embedded in smartphones. Strong smartphone players such as Apple, Samsung, Vivo, Oppo, etc. are using this sensor for their smartphones in order to offer reliability in terms of security. Security sensors are anticipated to have more than 20% market share by 2026 due to the growing penetration of fingerprint sensors and demand for advance technology for security in smartphones.
Transparency Market Research (TMR) is a next-generation provider of syndicated research, customized research, and consulting services. TMR’s global and regional market intelligence coverage includes industries such as pharmaceutical, chemicals and materials, technology and media, food and beverages, and consumer goods, among others. Each TMR research report provides clients with a 360-degree view of the market with statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations
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