The global electronic sensor market is projected to grow at a CAGR of 11% to 13% from 2020 to 2025. The growth of electronic sensor market is driven by increasing demand for smartphones and adoption of wearable devices.
Some of the Key Questions answered in this exclusive report are:
Q.1 What are some of the
most promising potential, high-growth opportunities for the electronic sensor
market by sensor type (image, motion, pressure, temperature, fingerprint,
proximity, and others), end use industry (communication & IT,
entertainment, home appliances, and wearable devices), and region (North
America, Europe, Asia Pacific (APAC), and Rest of the World (ROW))?
Q.2 Which segments will
grow at a faster pace and why?
Q.3 What are the
business risks and threats to the electronic sensor market?
Q.4 What are some
changing demands of customers in the electronic sensor market?
Q.5 What are the new
developments in the electronic sensor market? Which companies are leading these
developments?
Q.6 What strategic
initiatives are being implemented by key players for business growth?
Q.7 What are some of the
competitive products and processes in this electronic sensor area and how big
of a threat do they pose for loss of market share via product substitution?
Q.8 What M&A
activity has occurred in the last 5 years in this electronic sensor market?
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Market Segmentation:
Based on sensors type, the electronic sensor market is segmented into image,
motion, pressure, temperature, fingerprint, proximity, and others. The Image
sensors segment accounted for the largest share of the market in 2020 and is
expected to register the highest CAGR during the forecast period, due to their
huge demand in smartphones and digital cameras.
APAC is expected to
witness the highest growth over the forecast period due to growing demand for
smart phones along with the increasing adoption of wearable devices in India,
Japan, and China.
Key Players in the
electronic sensor market are Sony Corporation, Samsung Electronics Co., Ltd.,
STMicroelectronics N.V., NXP Semiconductors N.V., TE Connectivity Ltd, and
Murata Manufacturing Co., Ltd.
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The report helps stakeholders understand the
pulse of the market and provides them with information on key drivers,
restraints, challenges, and opportunities for market growth. It would also help
to understand the competitors better and gain more insights to improve their
position in the business.
To read more about this market please click on
https://www.lucintel.com/electronic-sensor-market.aspx
About
Lucintel
Lucintel,
the premier global management consulting and market research firm, creates
winning strategies for growth. It offers market assessments, competitive
analysis, opportunity
analysis, growth
consulting, M&A, and due diligence services to executives and
key decision-makers in a variety of industries. For further information, visit www.lucintel.com.
Brandon
Fitzgerald
Lucintel
Dallas,
Texas, USA
Email: brandon.fitzgerald@lucintel.com
Tel. 972.636.5056
Cell: 303.775.0751
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