iCrowdNewswire Jan 14, 2021 6:00 AM ET
A new market study, titled “Global Smartphone Sensors Market Size, Status and Forecast 2020-2025” has been featured and is expected to reach a valuation of USD 64.02 billion by 2025, according to the latest research report from Market Research Future (MRFR). Market experiences an exponential growth by 2020, registering a fabulous CAGR of 5.50% during forecast period. This report also covers key players of the market recognized through their market share, product offerings. The report comprises a exhaustive value chain analysis, which provides an widespread view of the global smartphone sensors market.
The study provides a complete outlook on the market’s growth throughout the research study. The impending commercialization of 5G is predicted to create further momentum for the growth of the smartphone sensors market share in the upcoming period. The prospects for growth in the market have to be carefully sought out and examined to ensure that they will ensure the favorable development of the market in the coming period. The establishment of robust distribution channels is estimated to define the development of the market in the future. The investment in robotic elements in the supply chain is estimated to be seen in the future to reduce the impact of the human capital on the long term market expansion.
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Leading Market Players:
DYNA IMAGE Corporation (China), Epticore Microelectronics Co., Ltd. (China), Innovacom (France), Broadcom Inc. (US), Epson Europe Electronics GmbH (Germany), Maxim Integrated (US), Omron Corporation (Japan), Melexis (France), Murata Electronics Oy (Finland), NEXT Samsung Electronics Co., Ltd.(South Korea), Meggitt SA (UK), Everlight Electronics Co., Ltd. (Taiwan), Sony Corporation (Japan), Panasonic Corporation (Japan), STMicroelectronics (France), Biometrics Group ASA (Norway), ams AG(Austria), and Vishay Intertechnology, Inc. (US) to name a few.
Segmented by application sensor type-
- Biometric sensors
- Image sensors
Segmented by Mobile type-
- Rugged smartphones
- Standard smartphones
Detailed Regional Analysis:
The Asia-Pacific had the largest market portion in 2018 owing to elevated investments made by companies for the development of new sensors. China has the prime market share in the region owing to the existence of highly developed technology and the mounting growth and manufacture of assorted smartphones. Furthermore, the incidence of reasonably priced labor also plays a significant role in motivating the APAC regional market. Furthermore, the need for rugged smartphones by the defense sector is estimated to propel the intensification of the market of the smartphone sensors.
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