Rising Number of Manufacturers in Emerging Markets Will Significantly Drive the Global Sensor Module for Mobile Devices Market Until 2020, Says Technavio

LONDON--()--According to the latest research study released by Technavio, the global sensor module for mobile devices market is expected to reach over USD 52 billion in revenue by 2020.

This research report titled ‘Global Sensor Module for Mobile Devices Market 2016-2020’, provides an in-depth analysis of market growth in terms of revenue and emerging market trends. This market research report also includes up to date analysis and forecasts for various market segments and all leading regions.

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“The market for mobile devices, which includes smartphones, tablets, and wearables, is growing at a rapid pace. Sensors help incorporate applications, such as motion sensing, navigation, gesture recognition, and ambient sensing. Therefore, sensors form an integral part of all mobile devices,” said Asif Ghani, one of Technavio’s lead analysts for sensors research.

“During the forecast period, the market is expected to witness increased demand for sensor fusion, which helps combine data from multiple sensors. As it reduces error rates in applications, sensor fusion is likely to become the focal point of interest for suppliers. Availability of low-cost smartphones, adoption of wearables, and rising demand from emerging markets are some other factors that drive the growth of this market,” added Asif.

Global sensor module market for mobile devices by geography 2015

   

APAC

   

51.9%

Americas

   

25.9%

EMEA

   

22.2%

 

Source: Technavio research

 

Top three segments of the global sensor module for mobile devices market:

  • Smartphones
  • Tablets
  • Wearables

Smartphones: largest segment of the global sensor module for mobile device market

The global sensor module market for smartphones was valued at close to USD 25.92 billion in 2015. Smartphones include sensor modules such as accelerometers, gyroscopes, magnetometers, GPS, proximity sensors, image sensors, Wi-Fi, and Bluetooth. These sensors are used to provide data with precision and accuracy, and offer the user multiple applications such as gesture control and detecting motion and position. Smartphones also come with embedded environment sensors that monitor temperature, pressure, and humidity. These sensors are used for ambient sensing, which helps control heating, ventilation, and air conditioning (HVAC) in smart homes.

Rapid penetration of the IoT is expected to result in an increase the number of connected devices globally. The demand for smartphones from emerging economies such as Brazil, China, India, Japan, Mexico, Russia, and Turkey is predicted to significantly drive the sensor module market for mobile devices from 2016 to 2020.

Tablets: second largest segment of the global sensor module for mobile device market

The tablet market is going through a transition phase, wherein manufacturers are introducing hybrid variants to boost sales. Apple’s iPad Pro comes with a detachable keyboard for ease of use, whereas Samsung has launched the Tab S2. Microsoft has also launched Surface Book, which contains features of both laptops and tablets. Another major entry is Dell’s XPS 12 (Xtreme Performance System), a 2-in-1 tablet that comes with a full-sized keyboard. With many similar developments, the global sensor module market for tablets is predicted to reach USD 7.74 billion by 2020.

Global sensor module market for mobile devices by wearable application

The wearable market is in its nascent stage and is expected to grow significantly during the forecast period. North America is the largest market for sensor modules for wearables, as most wearables manufacturers such as Fitbit, Jawbone, and Pebble are based out of this region.

The wearable segment was valued at around USD 2.24 billion in 2015 and is likely to grow at a steady pace until 2020. As many new entrants are likely to enter during the forecast period, consumers will witness proliferation of new devices. Thanks to the steady adoption by consumers, the market for sensor modules is expected to witness substantial growth until 2020. Although, this segment will mostly be driven by smartwatches and smart bands, other wearables such as smart eyewear and fitness trackers will also contribute to growth.

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About Technavio

Technavio is a leading global technology research and advisory company. The company develops over 2000 pieces of research every year, covering more than 500 technologies across 80 countries. Technavio has about 300 analysts globally who specialize in customized consulting and business research assignments across the latest leading edge technologies.

Technavio analysts employ primary as well as secondary research techniques to ascertain the size and vendor landscape in a range of markets. Analysts obtain information using a combination of bottom-up and top-down approaches, besides using in-house market modeling tools and proprietary databases. They corroborate this data with the data obtained from various market participants and stakeholders across the value chain, including vendors, service providers, distributors, re-sellers, and end-users.

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Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 630-333-9501
UK: +44 208 123 1770
www.technavio.com
media@technavio.com

Release Summary

According to the latest research study released by Technavio, the global sensor module for mobile devices market is expected to reach over USD 52 billion in revenue by 2020.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 630-333-9501
UK: +44 208 123 1770
www.technavio.com
media@technavio.com