Smartphone Sensors Market Trends

Key Emerging Trends in the Smartphone Sensors Market

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.