Key Market Overview:
Consumer electronics sensors market size was worth over USD 32.7 Billion in 2022 and is estimated to reach over USD 54.1 Billion by 2030, growing at a CAGR of 6.5% during the forecast period (2022-2030).
Consumer electronics sensors are devices used in consumer electronics products to detect and respond to various inputs such as physical movements, light, temperature, pressure, and others. The sensors collect data and provide the necessary information for the device to perform specific functions and tasks such as detecting when a phone has been turned or shaken, adjusting screen brightness based on ambient light, and tracking the location of a device using GPS. Consumer electronics sensors play a vital role in improving the functionality and user experience of consumer electronics products.
Further, Consumer electronics sensors are widely available and found in various devices such as smartphones, laptops, wearable devices, home appliances, and others. The increased availability and integration of such sensors into consumer electronics has resulted in wide adoption among general public due to the offered advantages. For instance, sensors have the ability to improve the functionality and user experience of consumer electronics by providing new and innovative features, such as gesture control, location tracking, and more.
Moreover, the recent status of consumer electronics sensors is one of continuous innovation and integration. With advancements in technology, sensors are becoming compact, more accurate, and versatile which allows them to be integrated into an increasing number of consumer electronics devices.
For instance, smartphones now have a wide range of sensors including accelerometers, gyroscopes, proximity sensors, light sensors, and others which allow for a more personalized and intuitive user experience. Thus, increased adoption of wearable devices such as smartwatches and fitness trackers among population supports the demand for consumer electronics sensors to collect data and perform specific functions.
Consumer Electronics Sensors Market Report Coverage:
|Report Attributes||Report Details|
|Market Size in 2030 (USD Billion)||54.1 Billion|
|CAGR (2022-2030)||6.5 %|
|By Product Type||Image Sensors, Motion Sensors, Position Sensors, Pressure Sensors, Temperature Sensors and Touch Sensors|
|By Application||Communication, Entertainment, IT, Home Appliances, and Others|
|By Geography||Asia-Pacific [China, Southeast Asia, India, Japan, Korea, Western Asia] |
Europe [Germany, UK, France, Italy, Russia, Spain, Netherlands, Turkey]
North America [United States, Canada, Mexico]
Middle East & Africa [GCC, North Africa, South Africa]
South America [Brazil, Argentina, Columbia, Chile, Peru]
|Key Players||Sony, Aptina Imaging (On Semiconductor), Synaptic, Rockwell Automation Co., Ltd., SIEMENS AG, Baumer Group, Robert Bosch GmbH, STMicroelectronics, Samsung, Panasonic, Toshiba, AMS, NXP Semiconductors, Cypress Semiconductor Corporation (Infineon Technologies AG), Murata Manufacturing Co., Ltd., Omron Corporation, TE Connectivity Ltd., Keller America, Inc.|
The growing popularity of smart devices such as smartphones, smartwatches, and smart home devices drives the demand for sensors that provide new and innovative features. Further, the emerging innovations of the Internet of Things (IoT) significantly increased the demand for sensors that connect and collect data from a range of devices. Moreover, the increased demand from consumers in terms of more advanced and sophisticated devices with improved functionality also fuels the market growth in terms of development of new and innovative sensors. Also, the increasing adoption of automation in various industries such as healthcare, retail, and others boosts the demand for consumer electronics sensors that result in automation of tasks and improved efficiency.
The high costs of consumer electronics sensors mainly limits the market growth in terms of adoption, especially for lower-end devices. Further, the resultant short product life cycles due to fast pace of technological advancements in the consumer electronics industry also hampers the growth of the consumer electronics sensors market.
The growing middle class in emerging markets, especially in Asia and Africa, is anticipated to offer lucrative opportunities for the consumer electronics sensors market to expand into new and untapped markets. Further, the rising adoption of 5G technology is projected to create lucrative opportunities for the market growth in terms of development of new sensors that have the opportunity to manipulate high speeds and gain low latency which is offered by 5G networks. Moreover, in the context of image sensors, significant effort is currently being invested to create opportunities in development of advanced image sensor technologies, capable of detecting light in the short-wave infrared (SWIR, 1000nm - 2000 nm) range, beyond the visible spectrum.
Protective Relays Market Segmentation:
By Product Type
The product type segment is divided into image sensors, motion sensors, position sensors, pressure sensors, temperature sensors and touch sensors. The image sensors segment contributed largest shares to the market growth in 2021. The growing consumer demand in terms of higher resolution images and improved color accuracy for better picture and video quality supports the segment growth. Also, image sensors witness several consumer electronics applications such as digital cameras, smartphones, security cameras, and video conferencing systems. Moreover, pressure sensors segment is also anticipated to support the market growth in terms of fastest CAGR growth over 9.7% during the forecast period. Pressure sensors measure pressure with high accuracy, which is important for applications with increased requirement of precise measurement is required. Thus, such pressure sensors are anticipated to witness increased usage in a wide range of consumer electronics applications such as smartphones, wearable devices, and health monitoring devices due to high requirement of precision along with the scope of miniaturization.
The application segment is separated into communication, entertainment, IT, home appliances, and others. The communication segment is anticipated to contribute substantial shares to the market growth during the forecast period. Sensors are used to improve the user experience by allowing devices to respond to touch, motion, or other inputs. For instance, sensors in smartphones detect touch inputs which allows users to interact with the device in natural manner. Thus, the increased adoption of sensors in communication applications such as tablets, mobile phones, security cameras and others support the segment growth. Moreover, the entertainment segment is also projected to support the market growth in terms of value. The emerging adoption of AR and VR in gaming solutions is anticipated to support the demand especially for motion and image sensors in terms of 3D sensing.
The regional segment comprises North America, Asia Pacific, Europe, Latin America, and the Middle East and Africa. Asia-Pacific is accounted for largest share contribution to the consumer electronics sensors market statistics. The rising demand of smart consumer electronics among population due to increased technology adoption supports the market demand in this region. Further, the low cost availability of raw materials and labor force in Asia Pacific along with increased imports and exports of consumer electronics support the demand for consumer electronics sensor in terms of production and consumption.
Further, Europe and North America are anticipated to support the market growth in terms of value. A large portion of population mainly rely on smart devices such as smartphones, smartwatches and smart appliances due to high living standards, which results in increased demand for such sensors. Furthermore, the increased expenditures by market players in terms of consumer electronics innovations to accommodate the growing requirements along with technology advancements also results in increased market statistics in North American and European regions.
Protective Relays Market Competitive Landscape:
The market is highly competitive due to the presence of established conglomerates such as SIEMENS AG, STMicroelectronics, Baumer Group, and Rockwell Automation Co., Ltd. These businesses have paved their way to strong market presence through product innovations, business strategies, and distribution networks. Further, the companies have an opportunity to increase the investments in research and development in terms of new and improved sensors with enhanced features such as high accuracy and low power consumption. Thus, businesses create joint ventures and collaborations to expand the existing product portfolio and strengthen their market position. Mentioned are market players currently operating in market circumstances–
• Aptina Imaging (On Semiconductor)
• Rockwell Automation Co., Ltd.
• SIEMENS AG
• Baumer Group
• Robert Bosch GmbH
• NXP Semiconductors
• Cypress Semiconductor Corporation (Infineon Technologies AG)
• Murata Manufacturing Co., Ltd.
• Omron Corporation
• TE Connectivity Ltd.
• Keller America, Inc.
• In April 2022, The CombiLevel PLP70 sensor, launched by Baumer, has improved continuous level measurement by offering automatic adaptation to diverse media and a user-friendly experience through the large touch display for convenient process monitoring.
• In October 2022, Samsung introduced three 200MP camera sensors for smartphones. Samsungs first 200MP sensor, ISOCELL HP1, was used in the Motorola Edge 30 Ultra. The two other sensors, which are compact in size, are the latest addition to the lineup and are being used in Xiaomis latest smartphone.
In January 2023, Bosch Sensortec announced the launch of a latest smart sensor system in Las Vegas, Nevada. The product delivers a top notch performance/power consumption ratio despite being simple to integrate due to the compact size and access to built-in and ready-to-use software algorithms.