Outlook of the global sensor module market for mobile devices

The global sensor module market for mobile devices will grow steadily over the forecast period and is anticipated to post a steady CAGR of around 9% during the forecast period. In mobile phones, sensors enable an increasing number of applications such as motion sensing, navigation, gesture recognition, and ambient sensing. Therefore, mobile device manufacturers are increasingly focusing on sensor integration as it an integral part of all mobile devices. Factors such as the low-cost smartphones, growing adoption of wearables, and the rising demand for mobile devices from emerging markets will aid in the growth of this market as most mobile devices come integrated with sensor modules.

Comprehensive market research carried out by the analysts at Technavio has shown that the market for sensor modules for mobile devices will be positively affected by the demand for combo micro-electro-mechanical systems (MEMS) inertial sensors. A MEMS combo sensor is a combination of multiple sensors manufactured using microfabrication technology. In such sensors, two or more sensors, such as accelerometers, gyroscopes, and magnetometers, are fused together to enhance efficiency. Since these sensors take less space, they can be embedded into a single system. Due to the rising popularity of combo sensors, OEMs will be compelled to replace discrete sensors with combo sensors.

Application-based segmentation of the sensor module market for mobile devices

• Smartphones
• Wearables
• Tablets

In this market research report, analysts have estimated the smartphone segment to be the largest market segment during the forecast period. Smartphones contain sensors like accelerometers, gyroscopes, magnetometers, GPS, proximity sensors, image sensors, Wi-Fi, and Bluetooth. These sensors provide data with precision and accuracy, and offer the user multiple applications like gesture control and motion detection. Also, the ability of these sensors to monitor temperature, pressure, and humidity will result in this market segment’s impressive market share of 72% by 2020.

Geographical segmentation of the sensor module market for mobile devices

• Americas
• APAC
• EMEA

At present, the APAC region dominated this market and is anticipated to retain its dominating hold over the market until 2020 owing to factors like the increasing urbanization and the rising purchasing power of the populace in this region. Furthermore, the presence of large vendors like Samsung, LG, HTC, and Sony in this region will also aid in the growth of this market in APAC until 2020. The market for sensor modules for mobile devices in APAC will surpass USD 32 billion by the end of the forecast period.

Competitive landscape and key vendors

The sensor module market for mobile devices is competitive as the suppliers of sensor modules face stiff competition from other suppliers and buyers. Due to the growth of the smartphone market, the level of competition in this market will intensify. This competition will also bring about major technological changes, as all the big vendors are investing in R&D in order to differentiate their products.

Top vendors in the market are –

• AKM
• Bosch Sensortec
• InvenSense
• STMicroelectronics
• Texas Instruments

Other prominent vendors in this market are Alps Electric, Analog Devices, Freescale Semiconductor, Kionix, and MEMSIC.

Key questions answered in the report include

• What will the market size and the growth rate be in 2020?
• What are the key factors driving the global sensor module market for mobile devices?
• What are the key market trends impacting the growth of the global sensor module market for mobile devices?
• What are the challenges to market growth?
• Who are the key vendors in the global sensor module market for mobile devices?
• What are the market opportunities and threats faced by the vendors in the global sensor module market for mobile devices?
• Trending factors influencing the market shares of the Americas, EMEA, and APAC.
• What are the key outcomes of the five forces analysis of the sensor module market for mobile devices?

Technavio also offers customization on reports based on specific client requirement.

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