According to a new market report by Lucintel, the future of the electronic sensor market looks promising with opportunities in the IT & communication, home appliances, entertainment, and wearable device industries. The global electronic sensor market is expected to grow with a CAGR of 12% from 2020 to 2025. The major growth drivers for this market are increasing demand for smartphones and adoption of wearable devices.
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In this market, image, motion, pressure, temperature, fingerprint, proximity, and other sensors are used. Lucintel forecasts that Image sensors held the largest share of the electronic sensors market for consumer industry due to their huge demand in smartphones and digital cameras.
Within the electronic sensor market, IT & communication, home appliances, entertainment, and wearable devices are the major end use industries.
APAC is expected to witness the highest growth over the forecast period due to growing demand for smart phones along with the increasing adoption of wearable devices in India, Japan, and China.
Sony Corporation, Samsung Electronics Co., Ltd., STMicroelectronics N.V., NXP Semiconductors N.V., TE Connectivity Ltd, and Murata Manufacturing Co., Ltd. are among the major manufacturers of electronic sensor market.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the electronic sensor market by sensor type, end use industry, and region. Lucintel has prepared a comprehensive research report entitled “Growth Opportunities in the Global Electronic Sensor Market 2020-2025: Trends, Forecast, and Opportunity Analysis.” This Lucintel report serves as a catalyst for growth strategy, as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes trends and forecast for the global electronic sensor market by sensor type, end use industry, and region as follows
By Sensor Type [$M shipment analysis for 2014 – 2025]:
Image Sensors
Motion Sensors
Pressure Sensors
Temperature Sensors
Proximity Sensors
Fingerprint Sensors
Others
By End Use Industry [$M shipment analysis for 2014 – 2025]:
Communication & IT
Entertainment
Home Appliances
Wearable Devices
By Region [$M shipment analysis for 2014 – 2025]:
United States
Canada
Mexico
China
Japan
India
South Korea
This 150-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or visit us at helpdesk@lucintel.com.
About Lucintel
Lucintel, the premier global Management Consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, Growth Consulting, M&A, and Due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.