Consumer Electronic Sensors Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2016 - 2024
Albany, NY -- (SBWIRE) -- 05/19/2018 -- Sensors are not a new addition to consumer electronics design. However, they have undergone tremendous development, on account of savvy manufacturers pouring money to come up with more effective models. As a result, the market for consumer electronics is seeing smaller, more effective, and affordable products. This has made them highly suitable for portable devices, namely the ubiquitous tablets and smartphones, gaming in which the sensors follow the movement of the user to translate them on screen, home appliances, and navigation. However, one area, where they have brought in major disruption is in the area of "wearables" – fitness bands and various peripherals gather inputs from sensors to present requisite information.
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The report by Transparency Market Research finds that the widespread uptake of sensors in consumer electronics is mainly on account of progress in the technology leveraged to design different kinds of sensors. Some such technologies are advanced raw materials applied for designing sensors, namely carbon nanotube (CNT), silicon carbide (SiC), and indium antimonide.
Advances in sensor technology has opened up numerous opportunities for the global market for consumer electronics sensors. From automation of home automation to robotics and digital health – sensors are now available to suit any requirement. They are advanced and smarter. For example, there are smartphone sensors that provide a touch-free analysis of heart rate of people by studying the skin tone! Such progresses along with increasing spending capacity of people worldwide has provided a major impetus to the demand for consumer electronics sensors.
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However, acting as an impediment to the growth in the market for consumer electronic sensors is the abundance of cheaper alternatives and little opportunities for product differentiation. But their growing usage in digital health and also in the automotive sector, especially in safety, power steering, safety, and automated driving will help to overcome such setbacks to growth.