Consumer Electronics Sensors Market Size, Share & Trends Analysis Report By Product, By Application (Communication, Entertainment, Home Appliances, IT, Others), By Region, And Segment Forecasts, 2024 - 2030

Consumer Electronics Sensors Market Size, Share & Trends Analysis Report By Product, By Application (Communication, Entertainment, Home Appliances, IT, Others), By Region, And Segment Forecasts, 2024 - 2030

Consumer Electronics Sensors Market Growth & Trends

The global consumer electronics sensors market size is expected to reach USD 13.07 billion by 2030, growing at a CAGR of 10.1% from 2024 to 2030, according to a new study by Grand View Research, Inc. The increasing proliferation of smartphones and tablets on a global level is expected to drive demand over the forecast period. Preference for smart devices and increasing disposable income may further fuel the market. High-performance cameras in high-end smartphones along with newer applications, such as restore recognition, 3D mapping, and eye tracking, are expected to favor revenue growth.

Increasing trend of two cameras per device and the need for high-end cameras in gaming consoles has added to product demand. Surveillance applications are also expected to show growth opportunities owing to increasing implementation worldwide in traffic management. Increased R&D has enabled cheaper, miniaturized, and efficient products, which serves as an attractive opportunity for industry participants. Continuous technological advancements, such as increasing use of Micro Electro Mechanical Systems (MEMS) products, owing to benefits, such as low power consumption and cost, miniaturization, easy integration, and high performance, may provide positive avenues to overall demand.

Consumer Electronics Sensors Market Report Highlights

• The image segment accounted for a revenue share of 39.8% in 2023. Due to an increase in investments in research and development, companies are creating new sensors that are affordable, small, and use less energy.
• Communications applications accounted for the largest market revenue share of 36.8% in 2023.
• APAC dominated the market with a share of 44.3% in 2023. The driving forces behind this are the rising youth population in countries like India who are interested in Electronics.

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