This market research report includes a detailed segmentation of the global sensor module market for mobile devices by application (smartphones, tablets and wearbles). It also outlines the market shares for key regions such as the Americas, Europe, and APAC. The leading vendors analyzed in this market study are AKM, Bosch Sensortec, InvenSense, STMicroelectronics and Texas Instruments.
Technavio’s market research analysts estimate the global sensor module market for mobile devices, to grow at a CAGR of 9% by 2020. Accelerometers and gyroscopes are the most popular sensors used in mobile devices for motion sensing, navigation, gesture recognition, and ambient sensing. Sensor fusion is the latest trend in the sensor module market, as it combines data from multiple sensors, reducing errors and presenting accurate information. APAC is the major revenue contributor to the global sensor module market for mobile devices, accounting for 52% of the overall market revenue. China, Japan, South Korea, and Taiwan are the major markets in this region because most manufacturing companies of smartphones and tablets such as Samsung, LG, HTC, and Sony are based in Asian countries.
The new market research report from Technavio provides a breakdown and analysis of the sensor module segments by technology.
“Of late the market is witnessing increased demand for combo micro-electro-mechanical systems (MEMS) inertial sensors, which is a combination of multiple sensors manufactured using microfabrication technology. These combo sensors occupy less space which has prompted OEMs to replace discrete sensors with these combo sensors. Moreover, these combo sensors help reduce the overall cost and size of the mobile device,” says Asif Ghani, Lead Analyst, Hardware & Semiconductor, Technavio Research
Smartphones occupy the largest share in this market, accounting for 77% of the total market. Smartphones include sensor modules such as accelerometers, gyroscopes, magnetometers, GPS, proximity sensors, image sensors, Wi-Fi, and Bluetooth. Moreover, by 2018, most of the manufacturers are expected to deploy 3D sensors and fingerprint sensor in smartphones.
The leading vendors in the global sensor module market for mobile devices are AKM, Bosch Sensortec, InvenSense, STMicroelectronics and Texas Instruments. The suppliers of sensor modules face stiff competition due to the presence of a large number of suppliers and buyers. The key players are making huge R&D investments to differentiate their products, and are also entering into strategic alliances to gain market share. Competition in this market is expected to intensify during the forecast period amid ever-increasing demand for sensor modules.
A more detailed analysis is available in the Technavio report, Global Sensor Module Market for Mobile Devices 2016-2020.
We can customize reports by other regions and specific segments upon request.
Other related reports:
