2014-01-08 14:39:01 - Sensors Market in Consumer Electronics: Worldwide Market Forecasts and Analysis 2013-2020 - a new market research report on companiesandmarkets.com
The total market value is estimated to be $15.27 billion in 2013, which is likely to increase till $ 29.25 billion by 2020 with an estimated CAGR of 9.7%. The influence of smart phones and tablets will drive the market to the upper limits. The motion consumer electronics sensor market is expected to have the highest growth in this period mainly driven by gyroscopes.
The single largest key driver of the consumer electronics sensor 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. Right from health sensors to gesture detection, wearable
devices are increasing functionality at tremendous pace.
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