The global non-optical sensors and actuators market for the consumer electronics industry is projected to grow at a CAGR of 4.90% to reach USD 3.626 billion by 2030, from USD 2.855 billion in 2025.
Consumer electronic gadgets, such as smartphones, tablets, and computers, are being outfitted with optical sensors for a variety of purposes, including device security, action recognition, and facial identification. Furthermore, increased demand for on-screen fingerprint sensor technology in smartphones will give further development prospects for the market. The need for non-optical sensors and actuators in the consumer electronics sector will increase due to increased demand for electronics throughout the world as living standards rise and the affordability of these gadgets improves. Furthermore, the prevalence of the internet in developing and undeveloped nations, as well as an increase in advertising spending, are expected to drive market expansion in the next years.
The consumer electronics sensors market has been increasing due to several favorable characteristics such as increased demand for consumer electronics, increased internet market penetration, rising security concerns, increased energy efficiency, and government support. However, some of the challenges impeding industry expansion include a restricted local component manufacturing ecosystem, an inverted tariff structure, increased excise levies, and a variety of other concerns.
The use of pressure sensors increases the accuracy of GPS positioning. Because of the relationship between pressure changes and height in the atmosphere, an attitude may be computed by monitoring barometric pressure. Furthermore, they are used in wearables for patient monitoring in assisted living institutions. Non-optical pressure sensors include piezo-resistive, magnetic, resonance solid-state, and capacitive sensors.
Furthermore, expanded market collaborations are predicted to enhance the market share of pressure non-optical sensors. In addition, the rising mobile phone usage is pushing up demand for electromagnets. Crocus, a major manufacturer of magnetic sensors for the commercial, consumer electronics, and IoT industries, for example, signed a distribution agreement with Heilind Electronics, a global distributor of electrical components, in June 2021.
For example, at the Consumer Electronics Show (CES) in January 2020, GE Lighting unveiled hybrid Bluetooth and Wi-Fi-linked lighting and controls solutions, as well as plans to enable third parties to supply C by GE-compatible products. Furthermore, the growing use of light sensors in portable electronics is likely to drive the expansion of the light sensors market. Ams, for example, introduced a new in-display light source and distance sensor technology for smartphones with OLED screens in January 2019. The TCS3701 module has an RGB light and an infrared proximity sensor that monitors the ambient intensity of light through an OLED display.
The rising rate of based smart linked devices in the US market is related to the rise. According to a Consumer Technology Association news release from January 2020, more than 69% of total homes in the United States have at least one smart home technology device, and 18% of households have at least two smart home technology items. Optical sensors are integrated into smart home equipment such as robotic systems, smart central locking, intelligent security systems, robotic vacuums, and so on.
Non-Optical Sensors and Actuators Market for Consumer Electronics Industry Segmentation:
By Type