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Consumer Electronic Sensors - Global Market Trajectory & Analytics

  • ID: 4804316
  • Report
  • April 2021
  • Region: Global
  • 299 pages
  • Global Industry Analysts, Inc
Global Consumer Electronic Sensors Market to Reach $38.2 Billion by 2027

Amid the COVID-19 crisis, the global market for Consumer Electronic Sensors estimated at US$18.5 Billion in the year 2020, is projected to reach a revised size of US$38.2 Billion by 2027, growing at a CAGR of 10.9% over the analysis period 2020-2027. Image, one of the segments analyzed in the report, is projected to record a 12.3% CAGR and reach US$9.9 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Motion segment is readjusted to a revised 11% CAGR for the next 7-year period.

The U.S. Market is Estimated at $5 Billion, While China is Forecast to Grow at 14.6% CAGR

The Consumer Electronic Sensors market in the U.S. is estimated at US$5 Billion in the year 2020. China, the world's second largest economy, is forecast to reach a projected market size of US$8.3 Billion by the year 2027 trailing a CAGR of 14.6% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 7.5% and 9.5% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 8.6% CAGR.

Pressure Segment to Record 10.2% CAGR

In the global Pressure segment, USA, Canada, Japan, China and Europe will drive the 9.5% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$1.6 Billion in the year 2020 will reach a projected size of US$3.1 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$5.5 Billion by the year 2027, while Latin America will expand at a 11.6% CAGR through the analysis period.

Select Competitors (Total 47 Featured):
  • Cypress Semiconductor Corporation
  • Infineon Technologies AG
  • Murata Manufacturing Co., Ltd.
  • Nviso SA
  • Omron Corporation
  • Robert Bosch GmbH
  • Samsung Electronics Co., Ltd.
  • Sony Corporation
  • STMicroelectronics NV
  • Synaptics, Inc.
  • TE Connectivity Ltd.
Note: Product cover images may vary from those shown

  • Influencer Market Insights
  • Impact of Covid-19 and a Looming Global Recession

  • Total Companies Profiled: 47
Note: Product cover images may vary from those shown