The electronic sensors market for consumer industry is expected to reach USD 26.76 Billion by 2022, at a CAGR of 12.26% between 2016 and 2022. The growing demand for smartphones, smartwatch, emergence of fitness and activity trackers, and growing adoption of augmented reality (AR) based and virtual reality (VR) based headsets are the key factors driving the growth of the electronic sensors market for consumer industry.

Image sensors held the largest share of the electronic sensors market for consumer industry owing to their huge demand in smartphones and digital cameras. However, the market for fingerprint sensors is expected to grow at the highest CAGR between 2016 and 2022 because of their growing adoption in a large number of electronic devices such as smartphones and laptops. These sensors are used to add another layer of security authentication for safe access of these devices. The rising mobile application ecosystem enables adoption of smartphones for ecommerce and financial transaction further makes fingerprint sensor as an essential requirement. Fingerprint sensors are also likely to be commercialized in computer peripherals such as mouse and keypad in the near future.

The communication & IT application of the electronic sensors market for consumer industry which comprise smartphones, tablets, laptops, and desktop PCs is expected to foster the growth of the market in the near future. The availability of smartphone-friendly content demands the integration of numerous innovative features to facilitate the enhanced user experience and firm rivalry among smartphones suppliers would further propel the growth of communication & IT segment in the electronic sensors market for consumer industry. Wearable devices created altogether a new opportunity in front of the sensor suppliers begins with the introduction of smartwatches. The advent in technology has improved the wearable devices and it has propelled the adoption of motion sensors. Moreover, the enhanced processing capabilities of the wearable devices is further expected to fuel the demand of certain environment sensors, such as temperature sensors and pressure sensors.

The electronic sensors market for consumer industry market for APAC held the largest market share in 2015 and also has the presence of key players such as include Sony Corporation (Japan), Samsung Electronics Co., Ltd. (South Korea), Murata Manufacturing Co., Ltd. (Japan). Rapid urbanization and increasing disposable income is driving the demand for consumer electronics in Asia Pacific. This phenomenon fostering the growth of electronic sensors in consumer electronics in Asia Pacific.

The key driver for the electronic sensors market for consumer industry is the demand for the smartphones across the globe with emphasis on feature enhancement to deliver the better user experience. Market restraints are primarily the lack of a standardized fabrication process for MEMS-based sensors. Opportunities are the global demand and increasing adoption of wearable devices such as smartwatch, activity tracker, and VR headsets. Image sensors, motion sensors, proximity sensors, and fingerprint sensors are largely used in smartphones, while temperature sensors, pressure sensors, and level sensors are deployed in home appliances.

Market players involved in the manufacturing of electronic sensors market include Sony Corporation (Japan), Samsung Electronics Co., Ltd.(South Korea), STMicroelectronics N.V.(Switzerland), NXP Semiconductors N.V.,(acquired by Qualcomm), TE Connectivity Ltd. (Switzerland), Murata Manufacturing Co., Ltd.(Japan), Robert Bosch GmbH (Germany), Infineon Technologies AG (Germany),  Synaptics Incorporated (US) Cypress Semiconductor Corporation (US) and Omron Corporation (Japan) are focusing on product launches, research and development, acquisitions, and collaborations to enhance their product offerings and business expansion.

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