Market Research Future expects that the global motion sensor market 2020 is ready to reach a value of USD ~7 billion by the years 2022 while registering ~11% of CAGR between the years 2016 and 2022 (forecast period).
Motion Sensor Market Drivers and Restrains
The onset of the development of smart homes and growth in the number of household applications such as automated lighting control and whole-home control is anticipated to propel the market of motion sensors inevitably. In fact, the proliferation of smartphones, wearable devices, and tablets are also adding up to supplementary market developments in the near future. Even the advent of robotics and its employment for household and commercial applications incorporates motion sensors and sensing technologies. This is also further expected to impel market growth over the coming years.
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Some of the security systems are programmed to record events through a security camera when motion is detected. In this case, the most frequently used motion sensor is a passive infrared motion sensor that eventually detects body heat. In the latest, it is most commonly used in home security systems, and due to its abilities, significant demand is noticed among consumers from all corners of the world. This has impacted the global motion sensor market to gain more valuation of the forecast period.
The study indicates more major driving factors for the motion sensor market that direct towards technological advancement in the motion sensor devices. Technology has controlled a reduction in the size of these devices. Thus, the rising demand for several remote-controlled motion sensors objects such as planes and aerial drones has increased by the time, which has assisted the market to grow leaps and bounds.
Furthermore, a significant demand from consumer electronics applications to motivate growth in the motion sensor market. The consumer electronics applications, such as portable computers, smartphones, media players, navigation devices, gaming consoles, digital cameras, and e-readers, have been significant drivers for the growth in the Motion Sensor Market. By all these factors, it could be assumed that the global motion sensor market has a bright future where it can witness tremendous growth in the following years of forecast.
The segmental analysis of the global motion sensors market has been conducted on various segments such as Technology and type.
In terms of technology, the global market of motion sensors has been segregated among microwave, infrared, ultrasonic, dual technology, vibration, and area reflective type.
In terms of type segment, the market has included Gyroscope, Accelerometer, Combo Sensor, and Magnetometer.
The prominent players in the Motion Sensor market are- Bosch Sensortec GmBH (Germany), Freescale Semiconductor Ltd. (U.S.), Honeywell International, Inc. (U.S.), Murata Manufacturing Co., Ltd. (Japan), Analog Devices, Inc. (U.S.), STMicroelectronics (Switzerland), Microchip Technology, Inc. (U.S.), Memsic, Inc. (U.S.), Kionix, Inc (U.S.) among others.
Asia Pacific, North America, Europe, and the Rest of the World are the primary keys under which the analysis of the global motion sensor market has been conducted.
The study observed that North America would lead the Motion Sensor market in support of factors such as the incidence of a large number of consumer electronic applications.
The Asia Pacific motion sensor market is expected to witness growth at higher CAGR in support of factors such as the wide adoption of electronic applications across the end-user segment. Countries such as China, Japan are known for having an increasing demand for an accelerometer. Thus, these countries would show rapid growth in the motion sensor market by the forecast period. Also, countries such as China and Japan are observed as prime manufacturing and assembling hubs for consumer electronics manufacturers such as SAMSUNG and Sony Corporation.
Europe acquired the largest share in the market back in 2018 and is now expected to record the highest CAGR while emerging in the forecast period. Europe being home to some of the premium automobile manufacturers is somehow relatable to contribute to the growth of the market significantly. Motion sensor applications in the automotive industry also include Advanced Driver Assistance Systems (ADAS), driverless cars, and airbags, all of which are likely to augment product demand in the future.
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- Technology investors
- Consumer electronics manufacturers
- Consumer electronics application providers
- Integrated device manufacturers (IDMs)
- Sensors manufacturers
- Original equipment manufacturers (OEMs)
- Technology integrators
- Developers and platform providers
- Research/Consultancy firms
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