Portland, OR, December 09, 2021 (GLOBE NEWSWIRE) – According to the report published by Allied Market Research, the interaction sensors market generated $ 22.91 billion in 2020 and is expected to reach $ 191.34 billion by 2030, with a CAGR of 25.5% from 2021 to 2030. The report provides a detailed analysis of the changing dynamics market, major segments, value chain, key investment pockets, regional scenario, and competitive landscape.
Rising demand for interactive games, increasing safety and security features in the automotive industry, advancements in sensors and their increasing use in smartphones and other electronic devices are driving the growth of the global automotive sensors market. ‘interaction. However, high manufacturing costs and increasing popularity of gesture technology restricts the market to some extent. On the other hand, the advancement of sensors and their increasing use in smartphones and other electronic devices present new opportunities in the years to come.
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- The outbreak of the COVID-19 pandemic has had a negative impact on the market for interaction sensors.
- All manufacturing centers have been temporarily closed and the entire supply chain has been disrupted. Additionally, rising raw material prices and shortage of manpower have hampered the growth of the Interaction Sensors market.
- However, the global situation is improving at a slow and steady pace, and the market is expected to pick up soon.
The report offers detailed segmentation of the global interaction sensors market on the basis of technology, industry vertical, and region. On the basis of technology, the cameras segment held the highest market share in 2020, holding almost half of the total market share, and is expected to maintain its leading status during the forecast period. Moreover, the same segment recorded the highest CAGR of 27.6% from 2021 to 2030.
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Based on the industry vertical, the entertainment segment held the largest market share in 2020, holding almost half of the total market share, and is expected to maintain its leading status during the period of forecast. In addition, the automotive segment is expected to register the Highest CAGR of 29.0% from 2021 to 2030.
Based on region, North America contributed the highest revenue share in 2020, holding around half of the total market share, and is expected to retain its dominant share by 2030. However , Asia-Pacific is expected to post the fastest CAGR. by 28.0% over the forecast period.
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The list of companies presenting the global Interaction Sensors market analyzed in the research includes Acconeer AB, Google Inc., Infineon Technologies, KEMET Corporation, Microchip Technology Inc., Neonode Inc., NXP Semiconductors NV, Robert Bosch GmbH, TDK Corporation , Texas Instruments. These market players have adhered to several strategies including partnership, expansion, collaboration, joint ventures and others to prove their flair in the industry.
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Pawan Kumar, CEO of Allied Market Research, leads the organization towards delivering high quality data and information. We have professional relationships with various companies which helps us extract market data which helps us generate accurate research data tables and confirm the highest accuracy in our market forecast. Each of the data presented in the reports we publish is taken from primary interviews with senior officials of the main companies in the field concerned. Our secondary data sourcing methodology includes in-depth online and offline research and discussions with industry-savvy professionals and analysts.