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In the past, mobile phones served limited functions like calls and text messaging. The advent of smartphones revolutionized the mobile industry, amplifying technology, sales, revenue, and brand value. Present-day smartphones boast capabilities once reserved for extensive machinery, integrating image sensors, touch sensors, accelerometers, GPS, magnetometers, proximity sensors, ambient light sensors, and 3D imaging sensors. The burgeoning global demand for smartphones is expected to propel growth in the global smartphone sensors market. According to GSMA, mobile subscribers surged from 5.1 billion in 2018 to a forecasted 5.8 billion by 2025, marking a 1.9% growth rate during the 2018–2025 forecast period.
Additionally, the commercial rollout of 5G technology is poised to augment market expansion. While the development of new applications stimulates market growth, fluctuating semiconductor prices act as a hindrance. The smartphone sensors market's growth is anticipated to hinge significantly on smartphones' ability to run diverse applications. The impending commercialization of 5G technology is projected to drive further market growth for smartphone sensors in the coming period.
Increasing urbanization and the widespread demand for smartphones in various regions have surged sensor demand. Furthermore, the presence of numerous smartphone and smartphone sensor manufacturers bolsters these markets. Notably, China dominates the regional market share due to its advanced technology and rapid growth in smartphone production. Additionally, the defense sector's need for rugged smartphones is projected to further invigorate the smartphone sensor market. The global smartphone base's expansion is expected to fuel the smartphone sensor market in 2020.
In 2018, Asia-Pacific led the regional market share due to significant investments by manufacturers in new sensor development. Urbanization and the escalating demand for smartphones continue to drive sensor needs in the region. The presence of key smartphone and sensor manufacturers, such as Sony Corporation, Panasonic Corporation, Samsung Electronics, and Omron Corporation, enhances this trend. Their efforts focus on reducing smartphone power consumption and prolonging device lifespans.
The Asia-Pacific market, including China, Japan, India, and the rest of Asia-Pacific, shows China as the primary contributor due to technological advancements and substantial smartphone development and production. Moreover, affordable labor further fuels this market. The country's military and defense sector's demand for rugged smartphones is also boosting the smartphone sensor market. India, with increasing investments in manufacturing, emerges as the fastest-growing market in the region, striving to create affordable smartphone devices.
Covered Aspects:
| Report Attribute/Metric | Details |
|---|---|
| Market Opportunities | Increasing demand for smart Gadgets |
| Market Dynamics | Introduction of new features and technology |
Smartphone Sensors Market Highlights:
Global Smartphone Sensors Market Overview:
Smartphone Sensors Market Size was valued at USD 83.5 Billion in 2023. The Smartphone Sensors market industry is projected to grow from USD 98.36 Billion in 2024 to USD 309.7 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 15.42% during the forecast period (2024 - 2032). Introducing new features, designs, and technologies in smartphones is the key market driver enhancing market growth.
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Smartphone Sensors Market Trends
- Growing new features and technologies are driving the market growth
Market CAGR for smartphone sensors is driven by the rising new features and technologies. Smart devices allow designers and developers to insert sensors and processors in small-size electronic devices. Sensors help improve the quality of experience and increase the usability of these devices through data collection and analysis. Over the past period, smartphone sensors are gaining traction and have been adopted for several applications, including continuous activity tracking and monitoring. The growing life expectancy of individuals, the increasing penetration of smartphones, the development of embedded sensors, and the accessibility of modern communication technologies have allowed the continuous and remote monitoring of an individual’s health and well-being. Moreover, it creates opportunities for manufacturers of smartphone sensors to embed state-of-the-art technologies in their existing product portfolio and create advanced sensors.
Additionally, modern mobile phones, including high-performance microprocessors, are ideal for rural areas and developing countries that lack access to diagnostic laboratories and expensive instrumentation. Thus, introducing smartphone applications for remote monitoring and analysis is anticipated to create lucrative opportunities for the Smartphone Sensors market revenue.
Smartphone Sensors Market Segment Insights:
Smartphone Sensors Smartphone Type Insights
The Smartphone Sensors market segmentation, based on smartphone type, includes standard smartphone, rugged smartphone, smartwatches, and other wearable. The standard smartphone segment dominated the market, accounting for the maximum market revenue. A smartphone is a mobile phone with a built-in computer and advanced features, such as web browsing and operating system, which are not associated with its counterpart. The rising mobile internet use, rising disposable income in developing countries, and high ownership of premium design smartphones are a few factors that are anticipated to grow smartphone sales. Smartphones are helped by a mobile operating system that offers advanced computing facilities. A smartphone can also work as a digital media player for uploading photos, videos, and music through a single interface.
Smartphone Sensors Price Insights
The Smartphone Sensors market segmentation, based on price, includes USD 300 to USD 500, USD 100 to USD 300, above USD 500, and under USD 100. The USD 300 to USD 500 segment dominated the market revenue in the projected period. Most smartphones sold in medium-end devices have a sensor within this range. For instance: Nubia launched a new flagship Android device powered by the latest Snapdragon 8Gen 2CPU. The OEM has also specified that this gadget, which peculiarly seems to go by the name Z50 even though its processor was the z40 Pro, will compete with the Xiaomi 13 and iQOO11 series with cutting-edge LPDDR5X RAM and storage with the most recent UFS 4.0 spec.
Smartphone Sensors Manufacturer Insights
The Smartphone Sensors market segmentation, based on the manufacturer, includes Apple Inc., Samsung Electronics, Huawei Technology, Xiaomi Inc., Oppo, Sony Corporation, HMD Global, and others. The Apple Inc. segment generated the most revenue due to its superior quality. Apple’s iPhone stands out over all other smartphones in the market. Apple Inc. is the market leader because they use more sensors in their devices to provide unique features. For Instance: Apple’s iPhone 12 uses a lidar for depth sensing, proximity for 3D touch, a gyroscope for compass, GPS, face ID for biometrics, auto-off, a barometer, a magnetometer for compass & GPS, and an ambient light sensor for auto-dimming displays. The better user experience, increased accessibility, and more security these sensors offer consumers to boost the segment‘s growth.
Smartphone Sensors Application Insights
The Smartphone Sensors market segmentation, based on application, includes high-end, mid-level, and low-end. The high-end category generated the most income due to smartphone sensors for high-end applications such as magnetometers, 3D sensing, EIS and OIS in image stabilization, VR and AR applications, and proximity sensing. The sensors can perform complex applications usually found in high-end devices and smartphones, including the ones from Apple, Samsung, and Huawei. These smartphones and other smart wearable devices, such as smartwatches, are expensive.
Figure 1: Smartphone Sensors Market, by Application, 2022 & 2032 (USD Billion)
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Smartphone Sensors Regional Insights
By region, the study provides market insights into North America, Europe, Asia-Pacific and Rest of the World. The North American Smartphone Sensors market will dominate due to technological advancement. In addition, the growing IoT and connected technologies will boost the market growth in this region.
Further, the major countries studied in the market report are The US, Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.
Figure 2: SMARTPHONE SENSORS MARKET SHARE BY REGION 2022 (USD Billion)
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Europe's Smartphone Sensors market accounts for the second-largest share in the market owing to the growing usage of smartphones by the young generation. Further, the German Smartphone Sensors market held the largest market share, and the UK Smartphone Sensors market was the fastest-growing market in the European region.
The Asia-Pacific Smartphone Sensors Market is expected to grow at the fastest CAGR from 2023 to 2032 due to rising industrial manufacturing and increasing investment and business expansion. Moreover, China’s Smartphone Sensors market held the largest market share, and the Indian Smartphone Sensors market was the fastest-growing market in the Asia-Pacific region.
Smartphone Sensors Key Market Players & Competitive Insights
Leading market players are investing heavily in research and development to expand their product lines, which will help the Smartphone Sensors market, grow even more. Market participants are also undertaking various strategic activities to expand their footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. To expand and survive in a more competitive and growing market climate, the Smartphone Sensors industry must offer cost-effective items.
Manufacturing locally to minimize operational costs is one of the key business tactics manufacturers use in the Smartphone Sensors industry to benefit clients and increase the market sector. In recent years, the Smartphone Sensors industry has offered manufacturers some of the most significant advantages. Major players in the Smartphone Sensors market, including MS AG (Austria), Broadcom Inc. (US), DYNA IMAGE Corporation (China), Murata Electronics Oy (Finland), NEXT Biometrics Group ASA (Norway), Omron Corporation (Japan), Samsung Electronics Co. Ltd. (South Korea), Sony Corporation (Japan., and others, are attempting to increase market demand by investing in research and development operations.
Samsung is dedicated to abiding by local laws and regulations and enforcing a strict code of conduct for all employees. Samsung adheres to a straightforward business tent: to usage its technology and expertise to develop top-notch goods and services that make a more cultured world. Samsung provides a high importance on its people and technologies to do this. For Instance: In January 2023, Samsung Electronics launched its new MICRO LED, Neo QLED, and Samsung OLED product lines, along with lifestyle products and accessories, before CES® 2023.
Apple Inc. is a multinational American technology business with its main office in Cupertino, California. According to revenue, Apple will be the top technological business in the world in 2022, with US $ 394.3 billion in sales. According to market capitalization, Apple is the largest corporation in the world as of March 2023. For Instance: In September 2022, the iPhone 14 and iPhone 14 Plus, which come in two sizes, 6.1 and 6.7 inches and include a smart design, camera upgrades, and game-changing new safety measures, were introduced by Apple. The iPhone 14 and iPhone 14 Plus have a powerful camera system that incorporates the primary and front TrueDepth cameras, the Ultra Wide camera for uncommon perspectives, and the photonic engine, an enhanced picture pipeline.
Key Companies in the Smartphone Sensors market include
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MS AG (Austria)
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Broadcom Inc. (US)
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DYNA IMAGE Corporation (China)
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Murata Electronics Oy (Finland)
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NEXT Biometrics Group ASA (Norway)
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Omron Corporation (Japan)
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Samsung Electronics Co., Ltd. (South Korea)
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Sony Corporation (Japan)
Smartphone Sensors Industry Developments
September 2022: Comcast and Samsung Electronics announced their partnership to create 5G Radio Access Network (RAN) technologies to enhance 5G connection for Xfinity Mobile and Comcast Business Mobile users in Comcast service zones. Samsung will provide 5G RAN technology, and Comcast will deploy Citizens Broadband Radio Service (CBRS) and 600 MHz spectrum to provide 5G access to consumer and business users in the US.
October 2022: Huawei announced the release of the newest antenna solutions, including the Maxwell platform and the X2 antenna series, for the subsequent 5G antenna innovation stage. The new technologies speed up 5G deployment by improving antenna and setup capabilities.
Smartphone Sensors Market Segmentation:
Smartphone Sensors Smartphone Type Outlook
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Standard Smartphone
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Rugged Smartphone
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Smartwatches
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Other Wearables
Smartphone Sensors Price Outlook
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USD 300 to USD 500
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USD 100 to USD 300
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Above USD 500
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Under USD 100
Smartphone Sensors Manufacturer Outlook
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Apple Inc.
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Samsung Electronics
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Huawei Technology
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Xiaomi Inc.
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Oppo
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Sony Corporation
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HMD Global
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Others
Smartphone Sensors Application Outlook
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High-End
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Mid-Level
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Low-End
Smartphone Sensors Regional Outlook
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North America
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US
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Canada
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Europe
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Germany
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France
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UK
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Italy
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Spain
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Rest of Europe
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Asia-Pacific
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China
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Japan
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India
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Australia
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South Korea
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Australia
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Rest of Asia-Pacific
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Rest of the World
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Middle East
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Africa
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Latin America
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