Sensors in Consumer Electronics Market - Size, Share, Trends, Growth, Opportunities and Forecasts, 2018-2023

Today, sensors play a role in almost all day-to-day requirements, especially in consumer electronics. Sensors are a core element of any electronic device and help make our daily life easier and more productive. Customers’ demand for an immersive experience from digital products with a sleek and slim appearance, superior quality, energy efficiency and high definition brightness has propelled the need for sensors in consumer electronic devices. Game consoles, laptops, mobile phones, tablets and notebooks have used various sensors for user interface and energy efficiency. The sensors market has witnessed penetration in consumer electronics by leaps and bounds due to advancement in technology.

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The sensors market is in its formative stage and it has a huge growth potential across various industry verticals such as IT, communication devices, entertainment and home appliances. This report enumerates various opportunities to boost the adoption of sensors by end-users. Information regarding various barriers and recent developments would help new entrants design effective strategies such as small product size with low power consumption. The study of the sensors market projects a revolutionary trend of growth in the years to come. The demand for sensors would also be boosted due to the demand for navigation technology with strong precision, especially for global tracking and indoor asset.

The single largest driver for sensors in consumer electronics is the substantial growth of the tablets and mobile phones market due to increased R&D in this segment. Another driver is the consumer’s preference for wearable devices. Wearable devices are used in everything from gesture detection to health sensors at fast rate. Other drivers for the market are indoor navigation applications, demand for PCs, need for surveillance cameras and demand for games with high accuracy motion sensors. In spite of sensors, being used everywhere; the sensors market has some restraints. The market restraints are availability of alternatives at low cost, lack of product differentiation, competition amongst available technologies and lack of responsiveness during performance. Opportunities for the sensors market are media and retail applications, curved touch sensors and use of capacitive sensors in Nanotechnology.

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KEY BENEFITS
•This report provides an overview of the sensors market, including current trends and analyzes key factors influencing and limiting the growth of the market
•Micro level analysis is conducted based on segmentation by product type, by end-user application and by geography.
•Discussion of recent developments and SWOT analysis would help in understanding strategies adopted by competitors, which is helpful for new entrants
•Deep dive analysis of key market players and strategies adopted by them would provide valuable information regarding top contenders in the market
•Comprehensive and quantitative data about changing market trends, revenues, competition and opportunities are provided in the report
•The report cites data from the year 2013 and gives a 7-year forecast along with a CAGR during 2013-2020.
KEY DELIVERABLES

The sensors market is analyzed based on its segmentation byproduct type, by end-user application and by geography.

BY PRODUCT TYPE
•Touch
•Image
•Motion
•Pressure
•Temperature
•Position

BY APPLICATION
•Entertainment
•IT
•Communication Products
•Home Appliances

BY GEOGRAPHY
•North America
•Europe
•APAC
•LAMEA

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