Motion Sensor Market to Reach US$18.20 bn by 2023, Automotive and Gaming Industry to Bolster Growth
Transparency Market Research has published a new report on the global motion sensor market. According to the report, the market is predicted to progress from US$3.24 bn in 2014 to US$18.20 bn by 2023. The report, titled ‘Motion Sensor Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 – 2023,’ states that the market is expected to expand at a 21.20% CAGR from 2015 to 2023. The increasing application of motion sensors in various industry verticals such as gaming, automotive, and smartphones is predicted to benefit the global motion sensor market in the years to come.
The global motion sensor market is segmented on the basis of region, type, application, and technology. Industrial, consumer electronics, wearable devices, smartphones and tablets, automotive, lighting controls, service robotics, fire alarms and smoke detectors, fitness and wellness, aerospace and defense, healthcare, security, advanced driver assistance system, airbag deployment system, and others are some of the applications of motion sensors. In 2014, the consumer electronics segment held the largest share in the global motion sensors market. The rising demand for wearable technology is expected to drive demand for the consumer electronics segment in the near future.
By region, the global market for motion sensors is divided into Europe, Asia Pacific, North America, and Rest of the World. In 2014, Europe dominated the global motion sensor market. Going forward, Asia Pacific is predicted to be the fastest-growing region in the global motion sensor market. Prominent companies such as Robert Bosch GmbH (Germany), Microchip Technology, Inc. (United States), Invensense Inc. (United States), Kionix Inc. (U.S.), NXP Semiconductors N.V. (The Netherlands), ST Microelectronics (Switzerland), Honeywell International, Inc. (U.S.), and Invensense Inc. (United States) are operating in the global motion sensor market.
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By technology, the global motion sensor market is classified into microwave sensors, infrared motion sensors, ultrasonic sensors, passive infrared, active infrared, and tomographic sensors. In 2014, the global motion sensor market was dominated by the infrared motion sensor segment, followed by the microwave sensor segment. Owing to their increasing use in security and surveillance, the demand for microwave sensors is expected to increase in the years to come.
MEMS (micro electro mechanical systems) magnetometer, MEMS accelerometer, MEMS gyroscope, sensor combos, and ultrasonic sensor are some of the common types of motion sensors. In 2014, the MEMS accelerometer segment dominated the global motion sensor market due to these sensors’ increasing use to detect earthquakes.
Going forward, the global motion sensor market is predicted to be affected by factors such as the increasing alternative sensor technologies and the constraints of infrared motion sensors. However, the introduction of new and improved motion sensors is expected to benefit the global motion
sensor market in the years to come.
Browse the full Motion Sensor Market (By Types – MEMS Magnetometer, MEMS Accelerometer, MEMS Gyroscope and Sensor Combos By Technology Types – Microwave Sensor, Infrared Motion Sensor, Tomographic Sensor, Ultrasonic Sensor and Others By Application Type – Industrial Application, Consumer electronics, Automotive Application, Fitness and Wellness, Healthcare, Aerospace and Defense and Others) – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 – 2023 report at http://www.transparencymarketresearch.com/motion-sensor-market.html
Key Segments of Global Motion Sensor Market
Global Motion Sensor Market: By Type
MEMS (Micro Electro Mechanical Systems) Magnetometer
MEMS (Micro Electro Mechanical Systems) Accelerometer
MEMS (Micro Electro Mechanical Systems) Gyroscope
Global Motion Sensor Market: By Technology Type
Infrared Motion Sensor
Global Motion Sensor Market: By Application Type
Lighting Controls (Outdoor/Indoor)
Fire Alarms & Smoke Detectors
Gaming & Entertainment
Smart phones & Tablets
Advanced Driver Assistance System (ADAS)
Airbag Deployment System
Fitness and Wellness
Aerospace and Defense
Global Motion Sensor Market: By Geography
Rest of the World (RoW)