Motion Sensor Market to Grow at a CAGR of 11% to Post USD 7 Billion Revenue by 2022
Motion Sensor Market, By Technology (Infrared, Microwave, Dual Technology, Ultrasonic, Area Reflective Type and Vibration), Sensor Type (Accelerometer, Gyroscope, Magnetometer and Combo Sensor) – Forecast to 2022
Pune, India – April 28, 2017 /MarketersMedia/ —
Synopsis of Motion Sensor Market
Market Highlights
The Motion Sensor market is growing rapidly over 11% of CAGR and is expected to reach at USD ~7 billion by the end of forecast period.
It has been observed that penetration of micro-electro-mechanical systems technology into the motion sensor industry has enabled its application across verticals that is aiding the growth of overall motion sensor market. The study indicates that motion sensor enables detection of any uncertain activity happening at home or any other area under surveillance. The motion sensor has numerous benefits such as detection of intruder, control ATM displays, automatically turn on or turn off lights, which is another driving factor for the motion sensor market.
The study indicates that the Motion Sensor Market is growing rapidly owing to technological advancements in the motion sensor devices that has led to reduction in size of these devices are is one of the key factors driving the motion sensor market. The motion sensor market is globally emerging across the world. In addition to this, accelerometer type of motion sensor is gaining popularity in various applications, which is another key factor accelerating the motion sensor market. Motion sensors can detect activity within a certain limited distance. In addition to this, if the motion sensor for an automatic door is not mounted securely, normal vibration, plants or neon lights can trigger the door open, which can prove to be few restraining factors for the Motion Sensor market.
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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.
Motion Sensor Market Segmentation
The Motion Sensor market has been segmented on the basis of technology and sensor type. The technology segment consists of infrared, microwave, dual technology, ultrasonic, area reflective type and vibration. The study indicates that by technology segment, infrared has a larger share in the Motion Sensor market. The sensor type segment consists of accelerometer, gyroscope, and magnetometer and combo sensor. The study indicates that by sensor type, the accelerometer sub-segment would hold a major share in the Motion Sensor market.
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Market Research Analysis:
Regional analysis for Motion Sensor market is studied in different geographic regions as Americas, Europe, Asia-Pacific and Rest of world. It has been observed that North America would dominate the Motion Sensor market owing to factors such as presence of large number of consumer electronic applications. The study indicates that Europe has the second biggest market share in the Motion Sensor market.
Asia Pacific Motion Sensor market is expected to show a positive growth over the forecast period owing to factors such as wide adoption of electronic applications across verticals. In Asia-Pacific countries like China, Japan and others, demand for accelerometer is significantly increasing due to which the study reveals that these countries would show a sudden hike in Motion Sensor market by the forecast period.
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