Asia-Pacific electronic sensors market is projected to grow at a significant CAGR during the forecast period (2020-2026). The major factor that propels the market growth includes rising consumer electronic industries, increasing adoption of smartphones and tablets, and technological advancement in wearable sensor materials. Additionally, a vast population base and growing digitization in emerging economies such as China, and India are significantly contributing to the market growth in the region. The major companies which are active in the mobile phone market include Apple, Samsung, Xiaomi, BBK, Huawei, and Sony. These companies are projected to provide significant demand for electronic sensors for their large number of consumer electronics products.
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Furthermore, along with the high customer base in China, the country is exporting a larger number of smartphones across the globe. China has a significant market share in the smartphone industry among all major economies such as the US, UK, India, and so on. Due to this, the companies and research institutes are investing considerable resources in the R&D program in sensor technology. For instance, Xiaomi, a Chinese smartphone manufacturer has officially opened an R&D under the registered name – Xiaomi Finland Oy in Tampere in November 2019. This manufacturing hub will focus on smartphone camera technologies, including camera algorithms, signal processing, and image processing that will encourage the demand for electronic sensors in the region.
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- The market number available for – 2019-2026
- Base year- 2019
- Forecast period- 2020-2026
- Segments Covered
- By Type
- By Application
- Regions Covered
- Rest of Asia-Pacific
- Competitive Landscape- Sony Corp., Samsung Electronics Co., Ltd., NXP Semiconductors N.V., Infineon Technologies AG, Hamamatsu Photonics K.K, Robert Bosch GmbH, and others
Key questions addressed by the report
- What is the market growth rate during the forecast period?
- Which segment/region dominates the market in the base year?
- Which segment/region will project the fastest growth in the market during the forecast period?
- How COVID-19 will impact the market growth in 2020 and the coming years?
- Recovery Timeline
- Deviation from the pre-COVID-19 forecast
- Most affected region/segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
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Asia-Pacific Electronic Sensors Market – Segmentation
- Image Sensor
- Temperature Sensor
- Pressure Sensor
- Motion Sensor
- Biometric Sensor
- Others (Proximity Sensors)
- Consumer Electronics
- Automotive & Other Transportation
- IT & Telecom
- Aerospace & Defence
Asia-Pacific Electronic Sensors Market – Segmentation by Region
- Rest of Asia-Pacific
- Canon, Inc.
- Infineon Technologies AG
- Himax Technologies, Inc.
- Murata Manufacturing Co., Ltd.
- NXP Semiconductors N.V.
- OMRON Corp.
- Panasonic Corp.
- Robert Bosch GmbH
- Sony Corp.
- Samsung Electronics Co., Ltd.
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