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Global Smartphones Sensors Market to See a CAGR of almost 2% during 2019-2023
July 1, 2019 | PRNewswireEstimated reading time: 1 minute
The adoption of sensors in premium range smartphones is increasing significantly, owing to the extensive integration of technologies such as 3D sensing, NFC, fingerprint scanning, air gesture, and facial recognition. These functionalities require the integration of a higher number of sensors in smartphones. Thus, the integration of more sensors in smartphones will lead to the growth of the global smartphones sensors market at a CAGR of almost 2% during 2019-2023.
Emergence of Sensor Fusion Technology
Sensor fusion is formed by combining the sensory inputs derived from distinct sources that offer more accurate results compared with single standalone sensors. Sensor fusion technology can facilitate interoperability and easily combine data from various sensors. This has encouraged smartphone OEMs to deploy the technology for AR applications. Thus, the emergence of sensor fusion technology will have a positive impact on the global smartphones sensors market during the forecast period.
Competitive Landscape
With the presence of a few major players, the global sensors market for smartphones is concentrated. Our robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading smartphone sensors manufacturers, that include ALPS ALPINE CO. LTD., ams AG, Robert Bosch GmbH, SAMSUNG ELECTRONICS CO. LTD., STMicroelectronics NV.
Also, the smartphones sensors market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage on all forthcoming growth opportunities.
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