Lewes, DE -- (SBWIRE) -- 03/08/2016 -- Report forecast the global sensor module market for mobile devices to grow at a CAGR 9.26% during the period 2016-2020.

A sensor module consists of a substrate on which two or more sensors are mounted. These sensors are used for measuring motion, orientation, and environmental conditions as well as for collecting information constituting an image. These sensors capture data with precision and accuracy and use the data in multiple applications. Mobile devices generally use three types of sensors: Motion sensors, Position sensors, Environment sensors, Image sensors.

The smartphone segment contributed the highest revenue and is expected to continue its dominance during the forecast period. APAC has been the largest contributor to the market, it will continue to dominate during the forecast period. The main reason behind the high growth in APAC is the presence of a large number of consumer electronics manufacturers in countries such as China, Taiwan, and South Korea. APAC will be followed by the Americas and by Europe, the Middle East, and Africa (EMEA).

The report covers the present scenario and the growth prospects of the global sensor module market for mobile devices for the period 2016-2020. To calculate the market size, the report considers revenue generated from the sales of different types of sensor modules to manufacturers of smartphones, tablets, and wearables.

The market is divided into the following segments based on geography:
- Americas
- APAC
- EMEA

According to the report, the rapid influx of smartphones and tablets is driving the market for sensor modules. In addition, the falling cost of smartphones, increasing penetration of the Internet, and constantly changing technology motivate consumers to buy new mobile devices.

Further, the report states that rapid changes in sensor technology pose a challenge for vendors, as they continuously need to upgrade their products in order to support new technologies.

Global Sensor Module Market for Mobile Devices 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

key players in the Global Sensor Module Market for Mobile Devices: Asahi Kasei Microdevices (AKM), Bosch Sensortec, InvenSense, STMicroelectronics and Texas Instruments.

Other Prominent Vendors in the market are: Alps Electric, Analog Devices, Freescale Semiconductor, Kionix and MEMSIC.

Market driver
- Rapid adoption of smartphones and tablets
- For a full, detailed list, view our report

Market challenge
- Rapid changes in sensor technology
- For a full, detailed list, view our report

Market trend
- Increased demand for combo MEMS inertial sensors
- For a full, detailed list, view our report

Key questions answered in this report
- What will the market size be in 2020 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?

Spanning over 34 pages and 16 Exhibit "Global Sensor Module for Mobile Devices 2016 - 2020" report covers Executive summary, Scope of the report, Market research methodology, Introduction, Market Overview, Market Landscape, Market segmentation by application, Geographical segmentation, Market drivers, Impact of drivers, Market challenges, Impact of drivers and challenges, Market trends, Vendor landscape, Appendix.

For more information Visit at: http://www.marketresearchreports.com/technavio/global-sensor-module-mobile-devices-2016-2020

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