Consumer electronic sensors market to increase at a CAGR of 9.7% over the next seven years

Press Release   •   Dec 13, 2013 11:54 GMT

The consumer electronic sensors market has been forecast to increase at a compound annual growth rate (CAGR) of 9.7% over the next seven years, increasing from a total of $15.27 billion at the beginning of 2013, to reach an industry value of $29.25 billion by the end of 2020.

The single largest key driver of the consumer electronics sensor is the growth of mobile phones and tablets market.

Almost all the sensors in consumer electronics application will see largest value and volume growth mainly from this segment.

Another major application gaining traction is the growth of wearable devices. Right from health sensors to gesture detection, wearable devices are increasing functionality at tremendous pace.

Additional market growth drivers include the demand for all in-one-PCs, the need for security and surveillance cameras, the demand for camera based mobile phones and tablets with motion stabilisation, higher accuracy for motion sensing for gaming applications, and indoor navigation applications.

The competitive landscape of the market presents a very interesting picture, where large numbers of small players have become a force to reckon with.

The market is witnessing large scale collaboration and partnership across the value chain with number of tier-one players around the globe.

Key players currently dominating the consumer electronic sensors market include Sony Corp (Japan), STMicroelecronics (Switzerland), Aptina Imaging (US), Synaptics (US), Cypress Semiconductors (U.S.), Bosch Sensortec (Germany), Freescale Semiconductors (U.S.), Omnivision Technologies (US), AKM Semiconductors (US), Samsung (Japan), and Texas Instruments (US).

For more information on the consumer electronic sensors market, see the latest research: Consumer Electronic Sensors Market

Follow us on Twitter @CandMResearch issues news updates and report summaries covering all major industries and sectors. The service provides additional client monitoring and timely alerts to breaking industry and sector news leading the day's business headlines. News articles, written by our staff, contain additional analyst insight, providing value added insight for our readers. News updates and real-time alerts on newly-released market reports are also available from our Facebook page, Twitter feed @CandMResearch and RSS links. We also welcome inquiries from business journalists and the news media.