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Consumer Electronic Sensors Market Forecast Report to 2022: Grand View Research, Inc. Business Articles | May 14, 2016
Grand View Research has announced the addition of "Consumer Electronic Sensors Market Analysis and Segment Forecasts To 2022" Market Research report to their Database.
The Global?consumer electronic sensors market?is expected to reach USD 34.57 billion by 2022, according to a new study by Grand View Research Black Howie Long Jersey , Inc. 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 consumer electronic sensors market. High performance cameras in high-end smartphones along with newer applications such as restore recognition, 3D mapping, eye tracking, etc. is expected to favor revenue growth.
Increasing trend of two cameras per device and 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 technology advancements such as increasing use of Micro Electro Mechanical Systems (MEMS) products owing to benefits such as low power consumption and cost Black Bo Jackson Jersey , miniaturization, easy integration, and high performance may provide positive avenues to overall demand.
Image sensors are increasingly used in cameras, camcorders, multimedia mobile phones, and security cameras. Motion sensing is expected to continue gaining significant ground in consumer applications. Developments in MEMS technology have reduced the size, cost Black Antonio Brown Jersey , and power consumption, which enable use of motion sensors in handheld devices. They are being used in laptops, digital cameras, MP3 players, TV remote controls, mobile phones, and game controllers to enable enhanced operation. Communication application primarily includes mobile phones Black Hunter Renfrow Jersey , PDA, tablets and is expected to be the key application segment over the forecast period. The entertainment segment is expected to grow considerably due to escalating demand for smart gaming solutions and televisions. The use of smart devices for health monitoring, indoor navigation and related niche applications is expected to offer significant growth opportunity over the forecast period. Additionally, they are also widely used for security surveillance in government and commercial sectors. Countries such as India and China are expected to contribute considerably to regional growth over the forecast period. The Asia Pacific consumer electronics sensors market is expected to grow at a CAGR of 10.4% over the forecast period, owing to surging demand for smartphones and smart TVs. The Indian government has also allowed 100% FDI in the hardware-manufacturing sector through the automatic route. The consumer electronic sensors market is highly competitive, and key players include Sony Corporation, Aptina Imaging Black Foster Moreau Jersey , Synaptic, Bosch, STMicroelectronics, Samsung, Panasonic Corporation, and Toshiba Corporation. STMicroelectrinics serves various manufacturers such as Apple, Delta Black Isaiah Johnson Jersey , Bosch, Cisco, Microsoft, Samsung, Continental, Hewlett-Packard, Seagate Black Maxx Crosby Jersey , and Western Digital. The company invested USD 1,520 million, USD 1,816 million and USD 2,413 million in 2014, 2013 and 2012, respectively for R&D activities.
For the purpose of this study Black Trayvon Mullen Jersey , Grand View Research has segmented the consumer electronic sensors market on the basis of product, application and region: