Asia-Pacific Electronic Sensors Market to See Massive Growth by 2028
Asia-Pacific electronic sensors market is estimated to grow at a CAGR of 9.4% during the forecast period.
Asia-Pacific electronic sensors market is estimated to grow at a CAGR of 9.4% during the forecast period. The significant market is due to various consumer electronics manufacturing locations in the region. China is a hub for global companies for manufacturing consumer electronics including smartphones. Moreover, countries such as India, Vietnam, Taiwan, Philippines also have a number of smartphone manufacturing sites that export final products all across the globe. In addition to this, China is the leader in the video surveillance market with companies such as Hikvision, Dahua Technology, and so on. In addition to this, China, Japan, India, and South Korea are major global automotive manufacturers, and more than half of the global production outcomes are from these countries. Owing to this, the region is expected to hold a major market share during the forecast period.
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The Asia-Pacific market for electronic sensors is segregated based on type and application industry. Based on the product type, the market is further classified into image sensors, temperature sensor pressure sensor, motion sensor, biometric sensor, and others (proximity sensors). The image sensor segment is projected to have considerable growth due to the growing application in consumer electronics such as smartphones and wearable devices. Based on the application, the Asia-Pacific electronic sensors market is further segmented into consumer electronics, automotive & transportation, industrial, IT & telecom, healthcare, aerospace & defense, and others. The automotive segment is estimated to have considerable growth in the market owing to the growing application of image sensors in autonomous vehicles. Based on geography, the market is further segregated into China, India, Japan, and the Rest of Asia-Pacific. Among, geography China is projected to have the largest market share in the region.
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- Market Coverage
- Market number available for – 2022-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill Inc., and others
Asia-Pacific Electronic Sensors Market by Type
- Image Sensor
- Temperature Sensor
- Pressure Sensor
- Motion Sensor
- Biometric Sensor
- Others (Proximity Sensors)
Asia-Pacific Electronic Sensors Market by Application
- Consumer Electronics
- Automotive & Other Transportation
- IT & Telecom
- Aerospace & Defence
- Rest of Asia-Pacific
- Canon, Inc.
- Infineon Technologies AG
- Himax Technologies, Inc.
- Murata Manufacturing Co., Ltd.
- NXP Semiconductors N.V.
- OMRON Corp.
- Panasonic Corp.
- Robert Bosch GmbH
- Sony Corp.
- Samsung Electronics Co., Ltd.
The Report Covers
- Comprehensive research methodology of the Asia-Pacific electronic sensors market.
- This report also includes a detailed and extensive market overview with key analyst insights.
- An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
- Analysis of regional regulations and other government policies impacting the Asia-Pacific electronic sensors industry.
- Insights about market determinants that are stimulating the Asia-Pacific electronic sensors market.
- Detailed and extensive market segments with regional distribution of forecasted revenues.
- Extensive profiles and recent developments of market players.
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