Global Motion Sensor Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2028
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Global Motion Sensor Market: Overview
“The global Motion Sensor market size is expected to be worth around US$ xx Billion by 2021 from US$ X.xx million in 2031, growing at a CAGR of X.x% during the forecast period 2021 to 2031.”
The motion sensor detects physical movement within an environment or on the device. It detects and captures kinetic or physical movement in real-time.
It processes the motion action or information as it is connected to the software or hardware of the system. The motion sensor is used in various devices such as computers, tablets, physical security systems, smart televisions, and smartphones.
Increasing demand for consumer electronics among individuals is a major factor driving the global motion sensor market growth. The rising adoption of automation technology in various industries is another factor supporting the global market growth.
The motion sensor can be used in harsh environments and can detect motion even in the dark. It is easy to install. These are some of the factors fueling the growth of the target market. Furthermore, growing defense budgets in emerging economies is expected to boost the growth of the global motion sensor market shortly.
However, the complex manufacturing process of motion sensors is a factor that may hamper the growth of the global motion sensor market. Nevertheless, the growing adoption of wearables and other consumer electronic products can create high revenue opportunities for players in the target market.
Global Motion Sensor Market: Segment Analysis
Among the technology segments, the dual technology segment is expected to register a significant share in terms of revenue over the forecast period. Commonly, duel technology uses passive infrared technology and microwave. It is used for military as well as commercial applications.
Among the application segments, the consumer electronics segment is expected to account for a major share in terms of revenue in the near future. Increasing demand for smartphones and tablets among individuals is a factor fueling the growth of the consumer electronics segment in the global market.
Global Motion Sensor Market: Regional Analysis
Currently, the market in Europe dominates the global market in terms of revenue and is expected to maintain its dominance over the forecast period. Growing automotive and consumer electronics manufacturing hubs is a factor driving the growth of the target market in this region.
The market in North America accounts for the second-highest share in terms of revenue in the near future. Growing adoption of advanced technology such as home automation systems, virtual and augmented reality, and the internet of things is a factor fueling the growth of the motion sensors market in this region.
In addition, a high defense budget and increasing investment in the development of technologically advanced instruments are also factors propelling the growth of the target market, especially in the US and Canada in North America.
The market in the Asia Pacific is expected to register lucrative growth in terms of revenue over the forecast period. The growing consumer electronics sector in countries such as China, India, South Korea, and Japan is a factor anticipated to support the growth of the target market in this region.
Global Motion Sensor Market Segmentation:
Segmentation by Technology:
- Dual Technology
Segmentation by Application:
- Aerospace & Defense
- Service Robotics
- Lighting Controls
- Fire Alarm and Smoke Detectors
- Advanced Driver Assistance System (ADAS)
- Airbag Deployment System
- Consumer Electronics
- Gaming and Entertainment
- Smartphones and Tablets
Segmentation by Region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Attribute Report Details Market Size Ask For Market Size Growth Rate Ask For Growth Rate Key Companies Ask For Companies Report Coverage Revenue analysis, Competitive landscape, Key company analysis, Market Trends, Key segments, Distribution Channel, Market Dynamics, COVID-19 Impact Analysis and more… Historical Data Period 2015-2020 Base Year 2022 Forecast Period 2022-2031 Region Scope North America, Europe, Asia-Pacific, South America, Middle East & Africa Country Scope United States, Canada and Mexico, Germany, France, UK, Russia and Italy, China, Japan, Korea, India and Southeast Asia, Brazil, Argentina, Colombia etc.Saudi Arabia, UAE, Egypt, Nigeria and South Africa Revenue in US$ Mn
- Murata Manufacturing Co., Ltd.
- STMicroelectronics N.V.
- NXP Semiconductors NV
- Honeywell International Inc.
- Analog Devices, Inc.
- TDK Corporation (TDK InvenSense)
- Microchip Technology Incorporated
- Bosch Sensortec GmbH
- Kionix, Inc.
- MEMSIC, Inc.
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