Research and Markets (http://www.researchandmarkets.com/research/3csn75/global_sensors) has announced the addition of the "Global Sensors Market for Smartphones 2014-2018" report to their offering.

The analysts forecast the Global Sensors market for Smartphones to grow at a CAGR of 12.4 percent over the period 2013-2018. One of the key factors contributing to this market growth is the increasing demand for smartphones. The Global Sensors market for Smartphones has also been witnessing rapid technological advancement. However, the technological limitation of sensors could pose a challenge to the growth of this market.

The key vendors dominating this market space are Asahi Kasei Microdevices Corp., CSR plc., Memsic Inc., Omnivision Technologies Inc., and STMicroelectronics Inc.

Other vendors mentioned in the report are Atmel Corp., Broadcom Corp., Invensense Inc., and Kionix Inc.

Commenting on the report, an analyst from the team said: OEMs in the Global Sensor market for smartphones are constantly adding new features to their products, resulting in the launch of new, innovative products in the market. The performance of sensors in smartphones is constantly increasing with these advancements. These advancements also provide substantial cost-, energy-, and space-saving opportunities to end-users. With the advancements in technologies, sensors in smartphones are performing more efficiently, consuming less power, and are becoming more energy-efficient than before. Therefore, rapid technological advancements are expected to continue propelling the growth of the Global Sensor market for Smartphones.

According to the report, one of the major drivers in this market is the increasing demand for smartphones. Technological advancements in smartphones have made consumers tech savvy; this has increased the demand for sensors in smartphones. Thus, the growing demand for smartphones has accelerated the growth of the Global Sensor market for smartphones.

For more information visit http://www.researchandmarkets.com/research/3csn75/global_sensors

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Sector: Handsets and Mobile Devices