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Sensors Market to 2020
Sensors Market to 2020
Sales Growth of Consumer Gadgets such as Smart Phones and Gaming Consoles is Expected to Increase the Demand for Sensors
London,
London,
United Kingdom
(prbd.net)
09/02/2011
The rising demand for consumer electronic devices such as mobile phones, media players, cameras and gaming devices is expected to increase the demand for sensors. Image sensors currently hold the largest share in the consumer electronics sensor market, while the motion sensors market is expected to see a surge in the coming few years. Accelerometers and gyroscopes are increasingly being adopted in consumer electronic devices to provide improved user interfaces. Innovative applications such as motion sensing, gesture recognition, location sensing and biometrics have opened up new opportunities for sensor technologies.
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Safety related mandates in the US and Europe are expected to rapidly drive the growth of automotive sensors. Government legislation in these countries makes it compulsory to implement Electronic Stability Systems (ESC) and Tire Pressure Monitoring Systems (TPMS) in vehicles, leading to increased demand for gyroscopes, accelerometers, magnetic and pressure sensors. Emission rules and fuel economy standards will increase the demand for exhaust-gas temperature sensors. Mandates are expected to come into effect in South Korea in 2012 and this is going to impact more than a million passenger cars in the country by 2014. Japan and China are expected to emulate these models in the near future and help sustain the growth of semiconductor-based automotive sensors.
The increasing demand for intelligent sensor systems is going to be a major driver of the semiconductor sensors market during the forecast period. Smart sensors are widely being used in automotive, medical, entertainment, security and defense. Usage of sensors in biometrics is also on the rise. These smart sensors, especially Micro-electromechanical systems (MEMS) based, allow miniaturization and integration of sensor elements with microelectronic functions in minimal space, making them desirable in many end-user applications.
GBI Research’s new report, “Sensors Market To 2020 – Rising Need for Intelligent Sensors in Automotive and Consumer Electronics to Increase Demand”, provides the key information and analysis on the market opportunities in semiconductor sensors industry. The report covers the latest information on the revenue of the major semiconductor sensors such as pressure, temperature, magnetic, accelerometers, gyroscopes, si microphones and image sensors. The report covers the key market trends for a wide range of sensor applications that include computing, communication, consumer electronics, automotive and industrial sectors by product type. It also provides an analysis on the basis of geography.
This report is built using data and information sourced from proprietary databases, primary and secondary research and in-house analysis by GBI Research’s team of industry experts.
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