The global non-optical sensors and actuators market for the consumer electronics industry is projected to grow at a CAGR of 5.10% to reach US$3.184 billion by 2027, from US$2.248 billion in 2020.
Consumer electronic gadgets, such as smartphones, tablets, and computers, are being outfitted with optical sensors for a variety of purposes, including device security, action recognition, and facial identification. Furthermore, increased demand for on-screen fingerprint sensor technology in smartphones will give further development prospects for the market. The need for non-optical sensors and actuators in the consumer electronics sector will increase due to increased demand for electronics throughout the world as living standards rise and the affordability of these gadgets improves. Furthermore, the prevalence of the internet in developing and undeveloped nations, as well as an increase in advertising spending, are expected to drive market expansion in the next years.
The increasing ubiquity of consumer electronic gadgets has resulted in a significant increase in demand for consumer electronic sensors.
The consumer electronics sensors market has been increasing due to several favorable characteristics such as increased demand for consumer electronics, increased internet market penetration, rising security concerns, increased energy efficiency, and government support. However, some of the challenges impeding industry expansion include a restricted local component manufacturing ecosystem, an inverted tariff structure, increased excise levies, and a variety of other concerns.
Because of the various application of non-optical sensors, the demand for non-optical sensors is expected to rise rapidly throughout the projected period.
The use of pressure sensors increases the accuracy of GPS positioning. Because of the relationship between pressure changes and height in the atmosphere, an attitude may be computed by monitoring barometric pressure. Furthermore, they are used in wearables for patient monitoring in assisted living institutions. Non-optical pressure sensors include piezo-resistive, magnetic, resonance solid-state, and capacitive sensors. Furthermore, expanded market collaborations are predicted to enhance the share of the market of pressure non-optical sensors. In addition, the rising mobile phone usage is pushing up demand for electromagnets. Crocus, a major manufacturer of magnetic sensors for the commercial, consumer electronics, and IoT industries, for example, signed a distribution agreement with Heilind Electronics, a global distributor of electrical components, in June 2021.
North America to hold a notable share
The rising rate of based smart linked devices in the US market is related to the rise. According to a Consumer Technology Association news release from January 2020, more than 69% of total homes in the United States have at least one smart home technology device, and 18% of households have at least two smart home technology items. Optical sensors are integrated into smart home equipment such as robotic systems, smart central locking, intelligent security systems, robotic vacuums, and so on.
During the forecast period, the rising trend of smart cities and smart homes is likely to help in the market expansion.
For example, at the Consumer Electronics Show (CES) in January 2020, GE Lighting unveiled hybrid Bluetooth and Wi-Fi linked lighting and controls solutions, as well as plans to enable third parties to supply C by GE-compatible products. Furthermore, the growing use of light sensors in portable electronics is likely to drive the expansion of the light sensors market. Ams, for example, introduced a new in-display light source and distance sensor technology for smartphones with OLED screens in January 2019. The TCS3701 module has an RGB light and infrared proximity sensor that monitors the ambient intensity of light through an OLED display.
Key Market Developments
Global Non-Optical Sensors and Actuators Market for Consumer Electronics Industry Scope:
|Market Size Value in 2020||US$2.248 billion|
|Market Size Value in 2027||US$3.184 billion|
|Growth Rate||CAGR of 5.10% from 2020 to 2027|
|Forecast Unit (Value)||USD Billion|
|Segments Covered||Type, And Geography|
|Regions Covered||North America, South America, Europe, Middle East and Africa, Asia Pacific|
|Companies Covered||Texas Instruments Incorporated, Analog Devices, Inc., Maxim Integrated, NXP Semiconductors, Infineon Technologies AG, Vishay Intertechnology, Inc., Robert Bosch GmbH, TE Connectivity, TDK Corporation, Sensirion AG|
|Customization Scope||Free report customization with purchase|
1.1. Market Overview
1.2. COVID-19 Scenario
1.3. Market Definition
1.4. Market Segmentation
2. RESEARCH METHODOLOGY
2.1. Research Data
3. EXECUTIVE SUMMARY
3.1. Research Highlights
4. MARKET DYNAMICS
4.1. Market Drivers
4.2. Market Restraints
4.3. Porter’s Five Force Analysis
4.3.1. Bargaining Power of Suppliers
4.3.2. Bargaining Power of Buyers
4.3.3. Threat of New Entrants
4.3.4. Threat of Substitutes
4.3.5. Competitive Rivalry in the Industry
4.4. Industry Value Chain Analysis
5. GLOBAL NON-OPTICAL SENSORS AND ACTUATORS MARKET FOR CONSUMER ELECTRONICS INDUSTRY, BY TYPE
6. GLOBAL NON-OPTICAL SENSORS AND ACTUATORS MARKET FOR CONSUMER ELECTRONICS INDUSTRY, BY GEOGRAPHY
6.3. Europe Middle East and Africa
6.4. Asia Pacific
6.4.3. South Korea
7. COMPETITIVE ENVIRONMENT AND ANALYSIS
7.1. Major Players and Strategy Analysis
7.2. Emerging Players and Market Lucrativeness
7.3. Mergers, Acquisitions, Agreements, and Collaborations
7.4. Vendor Competitiveness Matrix
8. COMPANY PROFILES
8.1. Texas Instruments Incorporated
8.2. Analog Devices, Inc.
8.3. Maxim Integrated
8.4. NXP Semiconductors
8.5. Infineon Technologies AG
8.6. Vishay Intertechnology, Inc.
8.7. Robert Bosch GmbH
8.8. TE Connectivity
8.9. TDK Corporation
8.10. Sensirion AG
Texas Instruments Incorporated
Analog Devices, Inc.
Vishay Intertechnology, Inc.
Robert Bosch GmbH
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