Motion Sensor Market Expected to Reach US$6,643.739 Million in 2024
A motion sensor is a device that detects moving objects, particularly people. These devices are efficient as they save energy and time, and they are also easy to install. According to supply chain studies of Knowledge Sourcing Intelligence a market research company, the market of motion sensors has been segmented by technology, by industry vehicle, and by geography. By technology, the market is segmented into infrared, ultrasonic, microwave, tomographic, dual technology, and vibration. By industry vertical, the market is segmented into consumer electronics, automotive, healthcare, and industrial. Geographically, the market is segmented into North America, South America, Europe, Asia Pacific, and Middle East and Africa.
Drivers and restraints of Motion Sensor Market
Motion sensors are one of the primary sensing techniques which are used across industry verticals including consumer electronics, healthcare, automotive, and industrial among many others. Increasing expenditure on research and development for the launch of new models will drive demand for these sensors. In addition, the rapid adoption of motion technology by the gaming industry will further boost the motion sensor market growth. The growing adoption of wearable electronics and increasing application of these detectors in smartphones and tablets due to increasing demand for motion-controlled games will further boost the growth of the market. Motion sensors are employed in various applications in the automobile sector such as ADAS, airbag deployment systems, and security. However, the high cost of these sensors and the introduction of new sensors having low cost and lower performance may restrain the market growth. motion sensor market size is expected to grow in the coming future owing to technological advancements and innovations in the motion sensors.
Europe region is expected to have a significant market share of the global motion sensor market share. The market share is projected on account of increasing demand from automotive and consumer electronics in the region. The established automobile sector in the region is boosting the market growth. North America region is also expected to have a significant market share owing to the presence of major market players and the rapid adoption of new technology. The Asia Pacific region will witness substantial growth in the coming years owing to the favorable government policies promoting the manufacturing industry and rising demand for motion detectors for security and surveillance applications.
The infrared technology segment is expected to have a significant market share on account of the increasing demand for infrared motion sensors from the security and surveillance sector. Moreover, a large range of these sensors makes it suitable for industries such as consumer electronics, healthcare, and industrial. The market of dual technology is expected to witness rapid growth owing to its increasing use in consumer electronics and automotive sectors. Consumer electronics segment is expected to have a significant market share on account of the globally increasing demand for consumer electronics such as smartphones, laptops, digital cameras, gaming consoles, and e-readers.
Major industry players of the market are Honeywell International Inc., Microchip Technology Inc., NXP Semiconductors, and TDK Corporation among others.
Key Questions Answered in This Report:
· What are the key regions having a significant market share of the market?
· What are the drivers and restraints of the market?
· Who are the key market players in the market?
· What is market segmentation of the motion sensor market?
· What are the industries using motion sensor?
North America Having major Share of this Market Globally