Owing to the Increased Disposable Income of Consumers and the Rapid Growth of the Smartphone Industry Have Augmented the Adoption of Handset Proximity Sensors and Thereby Boosting the Market Growth During the Forecast Period 2022-2027

The Global Handset Proximity Sensors Market size is forecast to reach US$4.0 billion by 2027, growing at a CAGR of 7.24% from 2022 to 2027. The growth of the Handset Proximity Sensors Market is majorly driven by factors such as the rapid growth of the smartphone industry, increasing demand for consumer electronics and rising deployment of handset proximity sensors in various applications. In September 2020, AMS Osram introduced the TMD3719, an optical displacement proximity sensor equipped with ambient light sensing. The advancements in wireless communication technologies that enable enhanced data transfer will propel the market growth of handset proximity sensors. The advanced handset proximity sensors further improve the quality of smartphones. Furthermore, lower cost and longer sustainability features, as well as increased R&D investments for the development of advanced sensors, boost the adoption of handset proximity sensors in smartphones. In May 2021, Sharp Fukuyama introduced the GP2AP130S00F proximity sensor, which is the industry's smallest proximity sensor and can be integrated with TWS earbuds used with smartphones, VR Googles, and smart glasses.

North American Handset Proximity Sensors Market held a significant market share of 27% in 2021. The market is being driven by rising demand for consumer electronics and steady growth in capital investments in the establishment of various industries that use proximity sensors. According to the Consumer Technology Association and the U.S. Census Bureau, smartphone sales in the U.S. totaled US$ 73 billion in 2021. AMS, an Apple supplier, has developed a light and infrared proximity sensor TMD2635, that can sit behind the screen of a smartphone, reducing the area required for such sensors and allowing for a larger display by providing more touch switches.

For More Queries About "Handset Proximity Sensors Market" @ https://www.industryarc.com/support.php?id=17107

Handset Proximity Sensors Market Growth Drivers:

The rapid growth of the Smartphone Industry due to the higher disposable income of consumers will drive the market growth during the forecast period

Consumer disposable income has increased globally due to a significant increase in the purchase of electronic devices such as smartphones, laptops, tablets and other electronic devices. This factor will further increase the adoption of handset proximity sensors. The adoption of 5 G-enabled smartphones with added features such as gesture recognition is also set to fuel the handset proximity sensor market. In July 2020, Osram introduced the TMD2755 Proximity Sensor Module which features proximity detection and digital ambient light sensing (ALS) which helped reduce the smartphone bezels and increased touch switches for proximity sensors over the display panel. These factors play a significant role in developing the Handset Proximity Sensors Market size over the forecast period.

The Major Players in this Market Include

Major players in Handset Proximity Sensors Market include AMS Osram, Vishay Intertechnology, Panasonic, MAXIM, STMicroelectronics, Avago, Sharp Fukuyama among others. In February 2022, STMicroelectronics has announced a new family of proximity sensors that brings advanced 3D depth imaging to smartphones and other devices.