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Market Forecast Report on Sensors in Consumer Electronics

Feb 28 2014

Research and Markets has announced the addition of the "World Forecasts for the Sensors Market in Consumer Electronics to 2020: Touch, Image, Motion, Temperature, Position, Pressure" report to their offering.

This research study on the sensors market in consumer electronics focuses on various product segments such as Touch, Image, Motion, Pressure, Position and Temperature Sensor. While Touch and Image are relatively mature product segments, Motion and Pressure are expected to grow at higher CAGRs during the forecast period. Apart from these product segments, the report is sub segmented by applications such as Entertainment, Information Technology, Communication Products, and Home Appliances.

The sensors market within consumer electronics application is gaining market penetration with new technologies evolving daily. These sensors form the core of any electronics device and are making daily life easier and productive. Thanks to advancement in technologies it is now possible to leverage higher technologies for processing a larger amount of data and making systems smarter and responsive to our daily needs.

The single largest key driver of the sensors in consumer electronics is the growth of mobile phones and tablets market. Almost all the sensors in consumer electronics application will see largest value and volume growth mainly from this segment. Another major application gaining traction is the growth of wearable devices. From health sensors to gesture detection, wearable devices are increasing functionality at tremendous pace.

Other key drivers for the market are demand for all in one PCs, need for security and surveillance cameras, demand for camera based mobile phones and tablets with motion stabilization, higher accuracy for motion sensing for gaming applications, Indoor navigation applications. Sensors in consumer electronics still has some restraints for its market growth. The key market restraints can be classified as: lack of product differentiation, alternatives available at low cost, large size and higher power consumption, competition within technologies and accuracy and responsiveness during performance.