TechNavio recognizes the following companies as the key players in the Global Sensors Market for Smartphones: Asahi Kasei Microdevices Corp., CSR plc, Memsic Inc., Omnivision Technologies Inc., and STMicroelectronics Inc.
Commenting on the report, an analyst from TechNavio’s team said: “OEMs in the Global Sensor market for smartphones are constantly adding new features to their products, resulting in the launch of new, innovative products in the market. The performance of sensors in smartphones is constantly increasing with these advancements. These advancements also provide substantial cost-, energy-, and space-saving opportunities to end-users. With the advancements in technologies, sensors in smartphones are performing more efficiently, consuming less power, and are becoming more energy-efficient than before. Therefore, rapid technological advancements are expected to continue propelling the growth of the Global Sensor market for Smartphones. ”
According to the report, one of the major drivers in this market is the increasing demand for smartphones. Technological advancements in smartphones have made consumers tech savvy; this has increased the demand for sensors in smartphones. Thus, the growing demand for smartphones has accelerated the growth of the Global Sensor market for smartphones.
Further, the report states that one of the key challenges faced by the market vendors is the fluctuating global economic condition. The uncertain global economy is affecting the demand for smartphones, which impacts the Global Sensor market for Smartphones.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors. For further information on this report, please visit https://www.technavio.com/report/global-sensors-market-for-smartphones-20…
TechNavio, the market research platform of Infiniti Research Ltd., publishes periodic market research reports on niche and emerging technologies. For more information on our market research, please visit https://www.technavio.com/it-hardware-software-services
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TechNavio Announces the Publication of its Research Report – Global Sensors Market for Smartphones 2014-2018
