Motion Sensor Market – Overview
As per Market Research Future, the motion sensor market is predicted to account for a total USD 7 billion towards the end of 2022.
In terms of technology, the Motion Sensor Market might perceive growth in consumer-end devices such as smart phones, smart TVs, tablet computers and physical security systems, since they occupied a large share in the market in the past.
Motion sensor finds its application in numerous fields such as aerial drones, aerospace & defense, consumer electronics, automotive, commercial, healthcare, and industrial. With the advent of such technology with cost-effective high-volume production, the motion sensors market has witnessed decent growth over the past years. In these years, consumer electronics application has gained the most massive traction for motion sensor market and is also expected to grow with great potential.
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Top impacting Factors Driving Growth of Motion Sensor Market
The report by MRFR incorporates all possible factors that are contributing to the motion sensor market growth with a particular focus on emerging trends of the market.
Technological advancements have played a significant role in the development of motion sensors. Also, the rising adoption of motion sensors in several handheld devices including notebooks, tablets, and smart phones is one of the major factors driving the growth prospects of the motion sensors market. With that, the increasing penetration of interactive motion gaming industry is another prominent factor facilitating the growth of motion sensors market across the globe. These factors are also making ways for future opportunities with promising approaches.
With additional technological development designed to interact with motion sensing systems, more applications are expected to rise to couple with providing lucrative opportunities to the global motion sensors market during the forecast period from 2016 to 2022.
Going forward, another major factor driving the motion sensors market is the reduction in size and the penetration of micro-electro-mechanical systems (MEMS) technology into the Motion Sensor Market. This has outwardly initiated definite pull towards the market to grow at a higher CAGR in the years to come.
Market Segmentation
In the reports of MRFR, the global motion sensor market has been segmented on the basis of technology and sensor type.
The technology segment includes infrared, microwave, dual technology, ultrasonic, area reflective type, and vibration. The report indicates that in the technology segment, infrared captures a larger share in the Motion Sensor market.
By sensor type, the market segmentation is done including accelerometer, gyroscope, and magnetometer and combo sensor. The report indicates that by sensor type, the accelerometer sub-segment would hold a significant share in the global motion sensor market.
Key Players
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.
Regional Outlook
The report also covers the regional level perspective of the motion sensor market. The regions covered are North America, Asia Pacific, Europe, and the rest of the world.
Of these, North America has been observed to lead the motion sensor market owing to the presence of a considerable number of consumer electronic applications.
Then comes Europe, which handles the second most significant market share in the motion sensor market. Whereas, Asia Pacific region is expected to show a positive market growth over the forecast period owing to the broad adoption of electronic applications across verticals. Countries like China, Japan, and others; there is a significant demand for accelerometer due to which these countries would reflect a percentage of a sudden hike in Motion Sensor market by the forecast period.
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