Semiconductor Sensors Market by End-users and Geography - Global Forecast 2019-2023
Sensors are integrated circuits (ICs) that are integrated in devices to detect or measure their physical movements. The semiconductor sensors market analysis considers sales from consumer electronics, automotive, industrial and other end users. Our analysis also considers the sales of semiconductor sensors in the Americas, APAC, and EMEA. In 2018, the consumer electronics segment had a significant market share, and this trend is expected to continue over the forecast period. Factors such as increasing smartphone penetration will play a significant role in the consumer electronics segment to maintain its market position. Also, our global semiconductor sensors market report also looks at factors such as growing demand for CMOS image sensors, increasing adoption of MEMS, and increasing penetration of mobile computing devices. However, design complexity, cyclical nature of semiconductor industry, and effect of temperature on sensor performance may hamper the growth of the semiconductor sensors industry over the forecast period.
Global Semiconductor Sensors Market: Overview
Increasing adoption of MEMS
The semiconductor sensors market is witnessing an increased adoption of MEMS technology that uses the technique of microfabrication to manufacture miniaturized mechanical and electro-mechanical elements. The increasing use of miniaturized semiconductor components in consumer electronics devices will accelerate the demand for MEMS sensor, which will help the market register a CAGR of over 10% during the forecast period.
Emergence of sensor fusion technology
The sensor fusion technology is gaining immense popularity owing to its ability to get a highly accurate and reliable view of data. Sensor fusion technology enables smart devices to combine data from various sensors including gyroscopes, compass, and accelerometers to calculate elevation, linear translation, gravity, direction, and rotation. As the demand for integrating semiconductor sensors in smart electronic devices and systems grows across end-user segments, the demand for sensor fusion will rise.
For the detailed list of factors that will drive the global semiconductor sensors market during the forecast period 2019-2023, click here.
With the presence of few major players, the global semiconductor sensors market is concentrated. The 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 semiconductor sensors manufacturers, that include Infineon Technologies AG, NXP Semiconductors NV, Robert Bosch GmbH, STMicroelectronics International NV, and Texas Instruments Inc.
Also, the semiconductor 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.
Frequently Asked Questions
This market study covers the global and regional market with an in-depth analysis of the overall growth prospects in the market. Furthermore, it sheds light on the comprehensive competitive landscape of the global market. The report further offers a dashboard overview of leading companies encompassing their successful marketing strategies, market contribution, recent developments in both historic and present contexts.
- By product type
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The report provides a detailed evaluation of the market by highlighting information on different aspects which include drivers, restraints, opportunities, and threats. This information can help stakeholders to make appropriate decisions before investing.