Smartphone Sensors Market is Expected to Attain an Outstanding Valuation of USD 309.7 Billion by 2032

Pune, India, March 2021, MRFR Press Release/- Market Research Future has published a Cooked Research Report on the Global Smartphone Sensors Market.

Smartphone Sensors Market Highlights

Global Smartphone Sensors Market is expected to reach USD 309.7 Billion by 2032 at a CAGR of 15.42% during the forecast period. Market Research Future (MRFR), in its report, envelops segmentation and drivers to provide a better glimpse of the market in the coming years. In the past, mobile phones were used only to make calls, receive calls, and send text messages. As technology developed, the invention of smartphones brought a whole new perspective into the mobile phone industry in terms of technology, sales, revenue, and brand value. A smartphone of the present generation can perform several tasks that earlier used to take many big machines. A smartphone includes image sensors, touch sensors, accelerometers, GPS, magnetometers, proximity sensors, ambient light sensors, 3D imaging sensors, and others.  

Competitive Analysis

The Key Players of the Global Smartphone Sensors Market are AMS AG (Austria), Broadcom Inc. (US), DYNA IMAGE Corporation (China), Epson Europe Electronics GmbH (Germany), Epticore Microelectronics Co., Ltd. (China), Everlight Electronics Co., Ltd. (Taiwan), Maxim Integrated (US), Melexis (France), Murata Electronics Oy (Finland), NEXT Biometrics Group ASA (Norway), Omron Corporation (Japan), Samsung Electronics Co., Ltd.(South Korea), Sony Corporation (Japan), Panasonic Corporation (Japan), STMicroelectronics (France), and Vishay Intertechnology, Inc. (US) among others.

In September 2020, Samsung Electronics expanded its advanced 0.7μm-Pixel ISOCELL image sensor offerings for wider mobile applications. It reduces the height of the camera module by up to 10 percent.

In May 2020, Samsung Electronics introduced ISOCELL GN1, a new 50-megapixel (Mp) image sensor with large 1.2μm-sized pixels. The ISOCELL GN1 is Samsung’s first image sensor to offer both Dual Pixel and Tetracell technologies.

In August 2019, NEXT Biometrics signed an agreement with a leading access control solution provider. As per the terms of this agreement, NEXT Biometrics’ new One Touch ID 2010 ultra-slim FAP20 fingerprint sensor module would be incorporated into a range of its access control readers, such as time and attendance and physical access control devices, for sales on a global scale. The One Touch ID 2010 SPI is an ultra-slim FAP20 fingerprint sensor module ideally suited for integration into a broad range of applications for reliable and user-friendly authentication, identification, and verification.

Segmental Analysis

Global Smartphone Sensors Market has been segmented based on Smartphone Type, Price, Manufacturer, Application, and Region.

Based on price, the global market has been segmented into USD 300 to USD 500, USD 100 to USD 300, Above USD 500, and Under USD 100. The USD 300 to USD 500 segment accounted for the largest market share of 28.0% in 2018, with a market value of USD 19,141.1 million; it is expected to register a CAGR of 4.5% during the forecast period. The USD 100 to USD 300 segment was the second-largest market in 2018.

By manufacturer, the market has been segmented into Apple Inc., Samsung Electronics, Huawei Technology, Xiaomi Inc., Oppo, Sony Corporation, HMD Global, Others. The Apple Inc segment accounted for the largest market share of 16.7% in 2018, with a market value of USD 11,414.8 million.

By application, the market has been segmented into high-end, mid-level, and low-end. The high-end segment accounted for the largest market share in 2018, with a highest market value and it is expected to register a CAGR of 5.76% during the forecast period. The use of smartphone sensors for high-end applications is high as compared to standard applications. These include 3D sensing, magnetometers, VR and AR applications, EIS and OIS in image stabilization, and proximity sensing. Mid-level smartphones possess the basic sensors required to operate the smartphone functionality such as image sensors, accelerometers, and GPS and include some of the additional sensors that are marketed as advanced features for smartphone sales. Low-end smartphones are ones, which possess the basic sensors for smartphone operation.

The global smartphone sensors market, by region, has been segmented into North America, Europe, Asia-Pacific, the Middle East & Africa, and Central & South America. Asia-Pacific accounted for the largest market share of 35.3% in 2018, with a market value of USD 24,149.4 million; the market is expected to register the highest CAGR of 7.6% during the forecast period. Europe was the second-largest market in 2018, valued at USD 20,358.6 million; the market is projected to exhibit a CAGR of 5.6%. Asia-Pacific is a major hub for industrial manufacturing and, in recent years, has become a global focal point for significant investments and business expansions. The increasing use of smartphones by the young generation has propelled the demand for smartphone sensors in the Europe region. Additionally, the proliferation of AI and VR technologies in smartphones has encouraged the adoption of smartphone sensors in this region.