Consumer Electronics Sensor Market Forecasts to 2030 – Global Analysis By Product (Image Sensor, Motion Sensor, Position Sensor, Pressure Sensor, Temperature Sensor and Touch Sensor), End User (Communication, Entertainment, Home Appliances and Information

Consumer Electronics Sensor Market Forecasts to 2030 – Global Analysis By Product (Image Sensor, Motion Sensor, Position Sensor, Pressure Sensor, Temperature Sensor and Touch Sensor), End User (Communication, Entertainment, Home Appliances and Information Technology (IT)), and By Geography

According to Stratistics MRC, the Global Consumer Electronics Sensor Market is accounted for $29.21 billion in 2023 and is expected to reach $53.40 billion by 2030 growing at a CAGR of 9.0% during the forecast period. Consumer electronic sensors are a particular class of sensor that is used in a variety of consumer electronics, including laptops, cameras, and smartphones. Sensors are tools that react to and pick up on changes in their environment. Consumer electronics now appear noticeably smaller, more efficient, and more accessible as a result of their numerous enormous advancements. Sensors are used to measure a variety of variables, including temperature, motion, and pressure. They are widely adopted in consumer electronics, including smartphones, PCs, home appliances, kitchen appliances, and other devices.

According to the Consumer Technology Association, the overall US shipments of smart home connected devices reached 28.6 million in 2019.

Market Dynamics

Driver

Growing demand for multimedia devices

Global demand is anticipated to be aided by the demand for multimedia devices with features like motion stabilization and indoor navigation. Applications for entertainment and gaming are expanding, and security and surveillance solutions are becoming more widely used. Motion sensing demand is anticipated to increase as gaming applications expand, which could boost overall revenue. Additionally, the market is anticipated to be supported by the growing demand for microelectromechanical systems (MEMS) for home appliances, entertainment, and communication.

Restraint

High costs

The price of sensors is among the primary drawbacks that are restraining market growth. In some cases, the cost of sensors can make them unaffordable for particular applications. However, Sensors can be expensive. Additionally, interference and damage to sensors can impair their accuracy and performance, reducing their lifespan.

Opportunity

Technological advancements

The global consumer electronics sensor industry has benefited from advances in sensor technology in a number of ways. Sensors are available to meet any need, from robotics and home automation to digital health. They are more intelligent and advanced. For instance, there are smartphone sensors that allow touch-free heart rate analysis by analyzing a person's skin tone! These developments have fueled a rise in demand for consumer electronics sensors, which has also been fueled by rising consumer purchasing power globally.

Threat

Lack of manufacturing standards

Electronic sensor manufacturing is not standardized, which is expected to lead to variations in product performance and quality, which makes electronics manufacturers hesitant to integrate sensors into their systems. which is preventing the market from expanding.

Covid-19 Impact

The COVID-19 pandemic had an impact on consumer electronics sensors' growth in terms of supply and demand. Acute cash flow problems are being experienced by businesses as a result of temporary lockdowns in several different countries. Production of consumer electronic sensors has decreased as a result of global supply chain logistics being disrupted, manufacturing process analyzers being slowed down, and manufacturing process analyzers being stopped due to the coronavirus pandemic.

The pressure sensor segment is expected to be the largest during the forecast period

Over the projected period, the pressure sensor segment is anticipated to witness a larger market share. They are utilized in home appliances, GPS tracking systems, and mobile phones. Another important factor driving the expansion of this market is the growing adoption of the Internet of Things (IoT). The creation of smart factories, cities, and homes is being revolutionized by pressure sensors. Consequently, it is anticipated that the rise in IoT-connected devices will spur the market's expansion.

The entertainment segment is expected to have the highest CAGR during the forecast period

The entertainment segment is anticipated to witness the highest growth rate during the forecast period. The availability of sensors is becoming more crucial to the development of new and currently popular entertainment systems. Users can interact with TVs and gaming consoles by making hand and body gestures as well as facial expressions. The design of ever-more complex virtual and augmented reality systems uses both image and inertial data. Additionally, sensors and speech recognition technology are integrated into in-car infotainment systems to allow for hands-free operation. Furthermore, many other sensing technologies are anticipated to be used in an expanding range of entertainment applications in the near future.

Region with largest share

Throughout the forecast period, North America is anticipated to dominate the Consumer Electronics Sensor market. The presence of important players and their use of cutting-edge medical technologies to advance are primarily responsible for the largest share. The primary driver of market expansion is the rise in the production of recombinant proteins and vaccines, as well as the requirement to keep them virus- and risk-free. Additionally, the population is becoming more aware of the benefits of using biopharmaceuticals, which is driving up demand for services related to Consumer Electronics Sensor. Furthermore, the market is expanding as a result of increased funding for pharmaceuticals across the United States.

Region with highest CAGR

Due to rising government investments in medical research and rising healthcare costs, Asia Pacific is expected to grow significantly during the forecast period, which will increase the risk of cell culture contamination and the presence of CROs in nations like China, Japan, and India. According to statistics from the WHO, more than 15 million people between the ages of 35 and 69 die from chronic diseases, and both developed and developing nations account for 85% of premature deaths. Additionally, a large number of clinical research services, particularly in China, are anticipated to fuel market expansion in the upcoming years.

Key players in the market

Some of the key players profiled in the Consumer Electronics Sensor Market include Aptina Imaging, Bosch, Cypress Semiconductor Corporation, Honeywell International Inc., Infineon Technologies AG, MEMSIC, Inc, Microchip Technology Inc., Murata Manufacturing Co., Ltd., Nviso SA, NXP Semiconductors, Omron Corporation, Panasonic Corporation, Robert Bosch GmbH, Samsung Electronics Co., Ltd., Sony Semiconductor Solutions Corporation, STMicroelectronics NV, Synaptics, Inc., TDK Corporation, TE Connectivity Ltd. and Toshiba.

Key Developments

In June 2023, STMicroelectronics Debuts ‘First’ Waterproof MEMS Pressure Sensor. A new waterproof sensor from ST promises precision in gas- and water-metering equipment, weather monitoring, air conditioning, and home appliances.

In May 2023, Toshiba Debuts “Thermoflagger” as Temperature Sensor IC Alternative. The new solution helps to control the temperature rise in electronic equipment.

In May 2023, Onsemi Introduces Hyperlux Image Sensor Family for Next-gen ADAS. With a keen focus on high dynamic range, the new image sensor family is designed to make ADAS even more equipped for any lighting condition.

Products Covered
• Image Sensor
• Motion Sensor
• Position Sensor
• Pressure Sensor
• Temperature Sensor
• Touch Sensor

End Users Covered
• Communication
• Entertainment
• Home Appliances
• Information Technology (IT)

Regions Covered
• North America
US
Canada
Mexico
• Europe
Germany
UK
Italy
France
Spain
Rest of Europe
• Asia Pacific
Japan
China
India
Australia
New Zealand
South Korea
Rest of Asia Pacific
• South America
Argentina
Brazil
Chile
Rest of South America
• Middle East & Africa
Saudi Arabia
UAE
Qatar
South Africa
Rest of Middle East & Africa

What our report offers
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2021, 2022, 2023, 2026 and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements