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SOURCE Research and Markets
DUBLIN, April 23, 2014 /PRNewswire/ --
Research and Markets (http://www.researchandmarkets.com/research/9sdqzx/sensors_market_in) has announced the addition of the "Sensors Market in Consumer Electronics by Product, Application, & Geography - Worldwide Market Forecasts and Analysis (2013 - 2020)" report to their offering.
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The sensors market within consumer electronics application is gaining market penetration with new technologies evolving daily. These sensors form the core of any electronics device and are making daily life easier and productive. Thanks to advancement in technologies it is now possible to leverage higher technologies for processing a larger amount of data and making systems smarter and responsive to our daily needs.
The single largest key driver of the sensors in consumer electronics is the growth of mobile phones and tablets market. Almost all the sensors in consumer electronics application will see largest value and volume growth mainly from this segment. Another major application gaining traction is the growth of wearable devices. From health sensors to gesture detection, wearable devices are increasing functionality at tremendous pace.
Other key drivers for the market are demand for all in one PCs, need for security and surveillance cameras, demand for camera based mobile phones and tablets with motion stabilization, higher accuracy for motion sensing for gaming applications, Indoor navigation applications. Sensors in consumer electronics still has some restraints for its market growth. The key market restraints can be classified as: lack of product differentiation, alternatives available at low cost, large size and higher power consumption, competition within technologies and accuracy and responsiveness during performance.
This report focuses on giving a bird's eye-view of the complete sensors market in consumer electronics industry with regards to the products market, with detailed market segmentations, combined with qualitative analysis of each and every aspect of the classification on the basis of application and geography. All the numbers both revenue and volume, at every level of detail, are forecast till 2020, to give a glimpse of the potential revenue based in this market.
Major players in this sensors market include Sony Corp (Japan), STMicroelectronics (Switzerland), Aptina Imaging (US), Synaptics(US), Cypress Semiconductors (U.S.), Bosch Sensortec(Germany), Freescale Semiconductors (U.S.), Omnivision Technologies (US), AKM Semiconductors (US), Samsung (Japan), Texas Instruments (US) and so on.
The total market value is estimated to be $15.27 billion in 2013, which is likely to increase till $ 29.25 billion by 2020 with an estimated CAGR of 9.7%. The influence of smart phones and tablets will drive the market to the upper limits. The motion sensors market is expected to have the highest growth in this period mainly driven by gyroscopes.
Key Topics Covered:
2 Executive Summary
3 Market Overview
4 Global Sensor Market in Consumer Electronics, By Products
5 Global Sensor Market in Consumer Electronics, By Geography
6 Competitive Landscape
7 Company Profile
For more information visit http://www.researchandmarkets.com/research/9sdqzx/sensors_market_in
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