The sensor market in consumer electronics is expected to grow at an estimated CAGR of 9.7% from 2013 to 2020 which includes in-depth segmentation of products, application and geography.
Dallas, TX -- (SBWIRE) -- 02/07/2014 -- According to a new market research report “Sensors Market in Consumer Electronics by Product (Touch, Image, Motion, Temperature, Position, Pressure), Application (Entertainment, I.T., Communication Products, Home Appliances), & Geography (North America, Europe, APAC, ROW) - Worldwide Market Forecasts and Analysis 2013 - 2020".
Browse more than 93 market data tables with 74 figures spread through 326 pages and in-depth TOC on "Sensors Market in Consumer Electronics by Product (Touch, Image, Motion, Temperature, Position, Pressure), Application (Entertainment, I.T., Communication Products, Home Appliances), & Geography (North America, Europe, APAC, ROW) - Worldwide Market Forecasts and Analysis 2013 - 2020"
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Most of the major US based sensors manufacturers have a good presence in Europe and North America. However, such companies are still establishing themselves in the Asian region. Local giants, especially China, are surely expected to make their job tougher to a great extent. Nevertheless, the penetration of this market through mergers and acquisitions with the local players would surely increase the revenue of the global players to a great extent. While all the other regions are expected to grow at less than 9% CAGR 2013-2020, the APAC region is expected to grow at a CAGR of nearly 11% during the forecast period.
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Sensors market in consumer electronics is in growth stage and contains a great potential across industry verticals such as Entertainment, Information Technology, Communication Products, and Home Appliances. The increasing demand of sensors in smart phones and tablets will boost the market in the days to come with the help of increased R&D in this field. Products which are smaller in size with lower power consumption would be the captivating essentials for new entrants as well as winning opportunities for the established players.
This report describes the market trends, drivers, and challenges with respect to the sensors market in consumer electronics and forecasts the market to 2020, based on product, applications, and geography. This global report gives a bird’s eye-view of the market across geographies - North America, Europe, Asia-Pacific, and ROW (Rest of the World). APAC is the largest geography in terms of sensors market value. APAC has also been identified as the fastest growing region, with China and India leading the way. Europe and ROW are also promising markets, with Germany and U.K. in Europe, and the Middle-East, Latin America in ROW providing impetus to the growth. The report profiles 31 promising players in the sensor market in consumer electronics ecosystem.
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The competitive landscape of the market presents a very interesting picture, where large numbers of small players have become a force to reckon with. The market is witnessing large scale collaboration and partnership across the value chain with number of tier-one players around the globe.
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