Electronics (Global Market)

Wearable electronics

Main Article: Wearable Electronics (Global Market)

Printed electronics

Main article: Printed electronics

3D Sensors (Global Market)

Main Article: 3D Sensors (Global Market)

Chronicle

2024

Global Magnetic Sensor Market Size Reaches $5.06 Billion

In 2024, spending on the global magnetic sensor market reached $5.06 billion. Almost 40% of global costs were in the Asia-Pacific region. This is stated in a study by Fortune Business Insights, the results of which were published on October 31, 2025.

Analysts take into account the supply of products of different types. These are, in particular, Hall sensors, magnetoresistive sensors, reed relays, inductive sensors, etc. Such sensors are widely used in industry, automotive, electronics and robotics for contactless control of position, speed and other parameters of objects.

The authors of the study call the development of the automotive sector, including electrified vehicles, one of the market drivers. Magnetic sensors are used in cars to control speed, position and angle of rotation, which is necessary for controlling the engine, driver assistance systems when driving and safety systems. In particular, such sensors are part of the anti-lock brake system (ABS).

The development of the consumer electronics sector has a positive impact on the industry. For example, smartphones and tablets are equipped with magnetometers that are responsible for the operation of the electronic compass function. Magnetic sensors are used in game controllers to accurately track position: they replace mechanical contacts, which provides high accuracy, stability, wear protection and fixes problems with stick "drift." Magnetic sensors are used in smart home systems, where they serve to control intrusions and automate certain tasks.

Rising demand for magnetic sensors is reportedly fuelled by renewable power. Such sensors are also used in wind turbines to measure the rotation speed, position and angle of rotation of the blades. This makes it possible to optimize energy production. Magnetic sensors are also widely sought after in industry. They find applications in hydraulic and pneumatic systems, robotics, metallurgy, mechanical engineering and other industries due to their reliability, durability and resistance to adverse conditions.

According to estimates, in 2024 the largest share of revenue was provided by Hall sensors - $1.83 billion. The principle of their operation is based on the Hall effect: this is the occurrence in the electrical conductor of a potential difference at the edges of a sample placed in a transverse magnetic field when a current flows perpendicular to the field. Due to its durability and reliability, sensors of this type are in demand in many areas. Depending on the application, the market is segmented into automotive, consumer electronics, industry, healthcare, aerospace and defense, etc. In 2024, the first of the listed areas was in the lead with a share of 43.7% of the total revenue. Geographically, Asia-Pacific dominates with 39.3%, or $1.99 billion. Significant industry players on a global scale are:

• Allegro MicroSystems;
• Infineon Technologies;
• TDK;
• Asahi Kasei Microdevices;
• LEM International;
• Melexis;
• Honeywell International;
• NVE Corporation;
• Pepperl+Fuchs;
• Omron.

In 2025, the global magnetic sensor market is expected to reach $5.5 billion. At the same time, $2.19 billion will fall on the Asia-Pacific region, $1.63 billion - on North America, $1.18 billion - on Europe. Fortune Business Insights analysts believe that in the future, the CAGR will be 9.15%. Thus, by 2032, costs may increase to $10.16 billion.^[1]

The global market for cables and wires for electronics grew to $5.31 billion

In 2024, global sales of cables and wires for electronics reached $5.31 billion. Demand for these products is growing steadily, which is associated with the development of segments such as consumer electronics, telecommunications, data centers (data centers), the automotive industry, etc. Industry trends are addressed in the Market Research Future survey, which TAdviser reviewed at the end of July 2025.

The study says that the expansion of 5G infrastructure has a positive impact on the market. Such networks use high-performance cable assemblies that can work with high-frequency signals. Demand for cable products is growing from hyperscalers and cloud operators, who are actively building new data centers in response to the rapid introduction of artificial intelligence and an increase in the need for high-performance computing.

The authors of the study call the development of the automotive sector, primarily unmanned vehicles and electrified vehicles, another significant driver of the industry. Advanced driver assistance systems (ADAS), lidars, radar sensors and other onboard electronics require reliable cable solutions that can withstand harsh operating conditions. The increasing complexity of electrical power plants is driving the demand for specialized cables for high-voltage power supply systems.

Sales are also boosted by innovations in consumer electronics. In particular, the device sector for is actively developing. smart home There is a rapid expansion of the ecosystem Internet of things (). IoT The supply of cables and wires for electronics is increasing against the background of robotization. Analysts note that such products are in demand among manufacturers of medical diagnostic equipment and life support devices.

By product type, the report authors segment the market into wire bundles, cable assemblies, specialized and coaxial cable assemblies, power cable assemblies, data and signal cable assemblies, fiber optic cable assemblies, and flat, multicore, and tape cable assemblies. The coaxial cable assembly sector dominated in 2024, while the highest growth rates were seen in fiber optic cable assemblies.

Depending on the materials used, copper and aluminum cable assemblies, fiber optic assemblies, hybrid (copper-fiber) assemblies, Teflon-coated solutions, PVC-coated assemblies and polyethylene are distinguished. Copper assemblies provided the largest share of total revenue in 2024.

In terms of end-use, the market is segmented into consumer electronics, automotive, industry, telecommunications, aerospace and defense, medical equipment, energy and power supply, etc. The direction of consumer electronics is leading, while the medical device sector shows the highest growth. Geographically, Asia-Pacific dominates. Globally, the list of significant players includes:

• Wexford Cable Industries;
• Alida Systems;
• Foxconn Technology;
• Jabil;
• Flex;
• RAM Electronics Industries;
• Zetwerk Manufacturing;
• Nortech Systems;
• Technical Cable;
• Volex Group.

Market Research Future analysts predict that in the future, the CAGR of the market under consideration will be 4.7%. Thus, by 2035, spending may increase to about $8.81 billion.^[2]

The global market for UV sensors for industrial, consumer and military electronics reached $5.81 billion in a year

In 2024, sales of UV sensors for various industries reached $5.81 billion globally. More than a third of global spending was in the North American region. This is stated in a study by Fortune Business Insights, the results of which were published on July 3, 2025. Read more here.

Sales of pressure sensors in the world for the year reached $21 billion

In 2024, the global pressure sensor market amounted to $20.93 billion. More than a third of global costs came from the North American region. This is stated in a study by Fortune Business Insights, the results of which are presented on May 23, 2025.

Pressure sensors are widely used in a wide variety of areas - from industrial industries, transport and utilities to smart buildings, the defense sector and the aerospace industry. There are many types of pressure sensors, including tensoresistor, piezoresistive, inductive, capacitive, resonant, etc. Depending on the application, the sensors may, among other things, measure:

• Absolute pressure is an indicator relative to absolute zero (vacuum);
• Overpressure - the level of increase in pressure relative to barometric (in the atmosphere);
• Vacuum pressure - level of pressure decrease relative to barometric pressure;
• Differential pressure - the difference between indicators in two different media or at two points in the process;
• Hydrostatic pressure - the pressure of the liquid column above the conditional level.

One of the drivers of the market in question, the authors of the study call the development of electronic nodes in the automotive sector. Pressure sensors are used in engine and transmission control systems, fuel and brake systems, for monitoring tire pressure, etc. In addition, pressure sensors are widely used in mobile devices - smartphones, wearable gadgets, etc. Such sensors allow you to more accurately determine the location - the height at which the device is located. User activity may also be monitored, including the number of steps overcome. The increasing adoption of fitness trackers and smartwatches is increasing the demand for these sensors to monitor health parameters and environmental conditions. There has been an increase in the supply of sensors for industrial automation systems.

Analysts also highlight a number of restraining factors. The market is facing growth constraints due to price competition, increasing technological complexity and strict compliance requirements. Sensors are produced by numerous companies, which forces manufacturers to reduce prices - this affects the rate of return and limits investment in innovation. At the same time, the need for miniaturization, support for wireless connection and integration with platforms Internet of things leads to design and production difficulties.

By application of pressure sensors, the market is segmented into automotive, industry, healthcare, consumer electronics, oil and gas, etc. In 2024, the first of these areas provided the largest share of revenue - 29.4%. From a geographical point of view, North America leads, which accounted for 35.2% of sales, or $7.36 billion. Globally, the following are named major players:

• Robert Bosch;
• Honeywell International;
• Texas Instruments;
• TE Connectivity;
• STMicroelectronics;
• Infineon Technologies;
• NXP Semiconductors;
• Sensata Technologies;
• Amphenol;
• Omron;
• Emerson Electric;
• ABB;
• Denso;
• Wika Instrumentation;
• First Sensor.

In 2025, sales of pressure sensors worldwide are expected to amount to $21.95 billion. Fortune Business Insights analysts believe that in the future, the CAGR will be at 5.2%. As a result, by 2032, costs could increase to $31.33 billion.^[3]

Sales of consumer electronics in the world for the year exceeded $1.2 trillion

In 2024, the global consumer electronics market reached $1.21 trillion. A fifth of global sales came from the North American region. Such data are contained in a study by Grand View Research, the results of which TAdviser got acquainted with in early June 2025.

The industry is showing steady positive dynamics, which is associated with several factors. One is technological advances. Implementation, artificial intelligence Internet Things () IoT and Communications 5G enhances consumer products. These technologies allow you to create smarter, more productive and interconnected devices, which improves the user experience and provides seamless integration between different types of equipment. Voice assistants based on, AI IoT-enabled systems smart home , augmented platforms and, virtual reality wearable gadgets, etc. are actively being introduced. The increase in sales is facilitated by continued digitalization in various sectors.

The rapid development of e-commerce has a significant impact on the market. Branded online stores and marketplaces offer a wide range of products, convenience of shopping and flexible payment options. Such platforms make it easier to compare the characteristics of devices, allow you to read reviews and comments from other consumers: all this contributes to making informed purchase decisions. In addition, thanks to e-commerce, manufacturers can enter new geographical markets, thereby expanding the reach of the target audience.

Another stimulating factor is the growth of disposable incomes of citizens in certain regions. Consumers purchase more expensive products, as well as more often update the available electronics, which leads to an increase in the size of the market as a whole. At the same time, users are showing increasing interest in integrated solutions that simplify their lives, such as smart home systems with voice control and household appliances, which can be interacted with remotely via the Internet.

The study authors also point to a growing focus on sustainability and energy efficiency. When producing products, manufacturers strive to use environmentally friendly and recycled materials, as well as reduce the energy consumption of equipment.

It is estimated that in 2024, approximately 55% of sales were provided by the traditional offline segment. At the same time, the e-commerce sector is showing rapid growth, which is due to the convenience and availability of online stores. By product type, the industry is segmented into smartphones, tablets, desktops, laptops, digital cameras, televisions, e-books, etc. In 2024, more than half of the global revenue was brought by smartphones, which have become an indispensable element of modern life. Geographically, approximately 20% of total sales were in North America. Significant players on a global scale are named:

• Acer;
• Apple;
• Asus;
• Canon;
• Dell Technologies;
• Google;
• Hewlett Packard Enterprise Development;
• HTC;
• Huawei;
• Lenovo;
• LG Electronics;
• Micromax;
• Motorola Mobility;
• Nikon;
• Panasonic;
• Samsung;
• Seagate Technology;
• Sony;
• Toshiba;
• ZTE.

In 2025, sales of consumer electronics are expected to reach approximately $1.29 trillion. Analysts at Grand View Research believe that in the future, the CAGR in the market under consideration will be 6.6%. As a result, by 2030, costs could increase to $1.78 trillion.^[4]

The volume of the global market for flexible electronics reached $29.4 billion at the end of the year

At the end of 2024, the costs in the global flexible electronics market are estimated at $29.4 billion. About half of this amount was in the Asia-Pacific region. Such data are presented in a study by Fortune Business Insights, the results of which were released on March 28, 2025.

One of the main drivers of the industry is technological advances. The use of flexible electronic components, including displays, allows you to create devices in new form factors. In particular, the demand for foldable smartphone books equipped with a flexible screen is growing: such devices can be used in different modes, for example, as a small tablet. The use of advanced materials makes it possible to produce flexible batteries that can be integrated into compact and light electronic devices, such as wearable gadgets such as virtual and augmented reality glasses. Similar components are also in demand in the Internet of Things (IoT) segment.

Flexible electronics are widely used for the development of touch devices. These can be temperature, gas, humidity, pressure sensors, etc. One of the promising applications of flexible sensors is electronic leather - a material with flexible pressure and temperature sensors applied to it, which is capable of providing sensitivity to prostheses and robotics systems. In addition, flexible electronic components can be used in the creation of smart clothing.

Another area of ​ ​ use of flexible electronics is medicine. Such components can become the basis of pulsometers and sensors of new generation electrophysiological signals. Such devices can be glued to the skin in the form of a patch, allowing monitoring of vital signs of the body in real time.

The authors of the study call the high financial costs associated with the development and production of flexible electronics a deterrent. In addition, the ability to produce such products is limited by the choice of available materials suitable for creating flexible substrates and other elements. There is a need for specialized equipment, which also increases production costs.

By flexible electronics application, the market is segmented into sensors, lighting components, displays, etc. In 2024, the largest contribution was provided by flexible screens - 41.3% of the total market volume: such products are used in smartphones, wearable gadgets and other devices. In terms of industry sectors, areas such as consumer products, healthcare, automotive, robotics, agriculture, aerospace and defense, etc., are highlighted. The most significant revenue is provided by the first of these areas in light of the transformative impact of technology on the design and functionality of electronic devices. From a geographical point of view, in 2024, the Asia-Pacific region was in the lead, where costs amounted to $14.38 billion. Major players in the global industry are:

• Samsung;
• LG Electronics;
• E Ink Holdings;
• Mflex;
• OLEDWorks;
• General Electric;
• Pragmatic;
• 3M;
• Imprint Energy;
• FlexEnable Limited.

In 2025, costs in the field of flexible electronics are expected to reach $32.1 billion. Fortune Business Insights analysts believe that in the future, the CAGR in the market under consideration will be 12%. Thus, by 2032, expenses may increase to $70.97 billion.^[5]

The volume of the global market for electronics services for the year reached $569 billion

In 2024, spending on the global electronics services market (EMS) amounted to $569.03 billion. This industry is showing steady positive dynamics, as stated in the Fortune Business Insights review, published in early March 2025.

By EMS, the authors of the study mean a number of specialized tasks, including the design, assembly, testing and distribution of electronic components and products. Such service providers can act as strategic partners by working with original equipment manufacturers (OEMs) to optimize the manufacturing process.

One of the main drivers of the industry in question, analysts call the growing complexity of electronic devices. EMS enterprises manage large-scale production, which reduces the cost of organizing production. In addition, EMS organizations have valuable expertise in the design and manufacture of complex electronic devices. As a result, technology developers benefit significantly from outsourcing production to EMS suppliers by reducing overall costs. At the same time, companies can focus on their key tasks - product development, marketing and innovation. In general, EMS enterprises provide the cost-effectiveness, flexibility, and scalability required for large projects. At the same time, customers are able to quickly adapt to changing market trends.

At the same time, analysts point to restraining factors, one of which is the protection of intellectual property. In particular, unscrupulous manufacturers can engage in the production of fake products, copying the design of the original equipment without proper permission. This leads to the appearance on the market of low-quality and potentially unsafe devices. The sale of counterfeit goods can damage the reputation of companies, since consumers can associate goods of inappropriate quality with well-known brands.

The market is segmented into electronics manufacturing services, engineering services, testing and development services, logistics services, and others. In 2024, the first of these areas provided the largest share of revenue. At the same time, the engineering services sector demonstrates the highest CAGR. EMS services are in demand in areas such as consumer electronics, automotive, heavy industry, aerospace and defense, healthcare, IT and telecommunications, etc. In 2024, the consumer electronics segment provided the largest revenue. Significant players in the global EMS market are:

• Sanmina;
• Hon Hai Precision Industry Co. Ltd ( Foxconn );
• Benchmark Electronics;
• Flex;
• Jabil;
• Celestica;
• Wistron;
• Plexus;
• Fabrinet;
• Compal.

Geographically, Asia-Pacific dominates with revenues of $206.13 billion. There is rapid technological progress, accompanied by the expansion of the EMS ecosystem. The main industries are concentrated in China, Japan, India, South Korea and Taiwan.

In 2025, EMS costs are expected to reach $607.19 billion. Fortune Business Insights analysts believe that in the future, the CAGR in the market under consideration will be 6.9%. Thus, by 2032, spending on a global scale may increase to $968.41 billion.^[6]

Notes