The global discussion on the smartphone sensor market is expected to scale a valuation worth USD 64.02 bn by 2025 with a CAGR of 5.50% during the forecast period of 2019 to 2025. Market Research Future (MRFR) revealed several factors that can inspire global market movements. Factors like the growing inclusion of telemedicine, demand for better photography using smartphones, the inclusion of safety measures, investment in research and development, hike in disposable income, and others as major market boosters. Competition among leading companies to grab the eyeball and cover a larger market area is promoting the market further.
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DYNA IMAGE Corporation (China), AG(Austria), Broadcom Inc. (US), Epticore Microelectronics Co., Ltd. (China), Epson Europe Electronics GmbH (Germany), Innovacom (France), Everlight Electronics Co., Ltd. (Taiwan), Meggitt SA (UK), Melexis (France), Maxim Integrated (US), NEXT Biometrics Group ASA (Norway), Murata Electronics Oy (Finland), Samsung Electronics Co., Ltd.(South Korea), Omron Corporation (Japan), Panasonic Corporation (Japan), STMicroelectronics (France), Sony Corporation (Japan), and Vishay Intertechnology, Inc. (US) are some prominent names in the global smartphone sensors market that are impacting the result with their strategic moves.
In July 2020, Xiaomi, a leading Chinese smartphone manufacturer, announced that they are planning to come up with an innovative smartphone in the coming years. This new model could be the Mi MIX Alpha, where there will be a wrap-around display. The company is also expected to transform its camera configuration. It is also the first company to use Samsung’s 108MP ISOCELL Bright HMX image sensor. This will allow the company an edge in the market for sure.
In July 2020, AMS, a company known for its superior sensors, announced substantial growth in its second-quarter as the demand for smartphones shot up despite the world experiencing the effects of the pandemic. The company is known for its sensors for Apple Inc’s iPhones, and it is a huge source of their revenues. In the coming years, this company is planning to further the process by expanding its operational scope by developing sensors to meet the growing need for different applications. Currently, it is focusing on 5G technologies.
The COVID-19 crisis triggered developments like the launching of sensors in smartphones that can help in diagnosing symptoms of the disease. People are fast-becoming conscious about their health and this change is expected to boost the global smartphone sensor market.
The global study of the smartphone sensors market includes the study of various segments that includes mobile type, application, and sensor type. These segments and their results would provide an opportunity to understand the market from close quarters. Data gathered from this segmentation is a result of scientific methods that increase their credibility.
By sensor type, the study of the smartphone sensors market includes a proper understanding of biometric sensors, image sensors, gyroscope, accelerometer, GPS, magnetometer, and others. The image sensors segment includes a study of CCD and CMOS sensors. The biometric sensors segment depends on a study of face recognition, fingerprint sensors, and iris scanners.
By mobile type, the discussion of the smartphone sensor market includes rugged smartphones, standard smartphones, and others.
By application, the smartphone sensor market includes a study of high-end, mid-range, and low-end phones.
Asia Pacific had the biggest market share in 2018 as the region is displaying substantial investment from various companies. Companies are opting for the region to expand their business and lower the cost of production. China, India, South Korea, Japan, and others are quite supportive when it comes to business expansion plans.
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