The global smartphone sensors market is growing at a significant CAGR of 6.2% during the forecast period (2021-2027). Smartphone sensors are the electronic element that enables smartphones to work intelligently. Smartphones and devices have various types of sensors such as gyroscope, light sensor, proximity sensor, and biometric sensor such as fingerprint sensor, face recognition, iris scan, and magnetometer among others. Sensing technology is getting advanced over the years and every sector has various requirements of smartphone sensor that is driving the growth of the market. Rising smartphone users across the globe are one of the major reasons for the growth of the smartphone sensors market. Further, smartphone sensors are getting advanced according to the users that are pushing the market upwards.
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The rising demand for IoT-based technology, rising demand for sensors in the development of smart cities is surging the growth of the smartphone sensors market. The higher competition among the smartphone manufacturers to gain higher market share is motivating them to increase their R&D expenditure on the advancement of sensors in smartphones to make them compact and efficient. Additionally, the key smartphone manufactures are constantly making attempts to improve the overall user experience to topple each other.
Camera, biometrics, battery performance, display, gaming, and hardware performance are the key area of concern for smartphone manufacturers. Every upgrade in the smartphone is targeted at improving the above-mentioned features. High-end and high-quality sensors play a key role in achieving this goal. Sensor manufacturers are also getting into partnerships with major smartphone manufacturers to gain financial leverage and improve R&D capabilities. However, data privacy concerns and data security are the key factors that may restrain the growth of this market during the forecast period.
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Global Smartphone Sensors Market Segmentation
By Type
- Biometric Sensors
- Image Sensors
- Accelerometer
- Gyroscope
- Magnetometer
- GPS (Global Positioning System)
- Ambient Light Sensor
By Application
- High-End
- Mid-Range
- Low-End
(This release has been published on OMR Industry Journal. OMR Industry Journal is not responsible for any content included in this release.)
