Motion Sensor Market Expected to Reach US$6,643.739 Million in 2024

By -

Introduction
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.
motion sensor market size

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.
Market Segmentation
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
Follow us
https://www.facebook.com/knowledgesourcing/


Comments

Post a Comment

Popular posts from this blog

Hand Sanitizer – The Indispensable Infection Prevention Product

By -
Image
Hand Sanitizer is usually present as a liquid, gel, or foam that’s used to decrease the taste of spread of infection through the hands by killing the different types of bacteria on it. Most of the time, for extra precaution some individuals wash their hands with water and soap after the use of sanitizers. Hand Sanitizer Market Trends o     The recent COVID-19 pandemic, which has caused a burden on healthcare systems and the economy across the globe has resulted in all the individuals such as the population the healthcare workers and healthcare providers to make use of hand sanitizer in order to effectively clean the hands, after making contact with any object that may be unsanitary. This is a practice, that is being followed so that the spread of the diseases can be curbed. The problems of COVID-19 are plaguing the population to such an extent that there are orders for hand sanitizers coming from around the globe and as there is panic among the population, and this has caus
Read more

A Complete Study On Global Glass Packaging Market

By -
Image
Introduction  The global glass packaging market growing   with an attractive CAGR during the forecast period(2018-2023) . Glass is made from all-natural sustainable raw materials. Glass packaging is the preferred packaging for consumers as they preserve a product’s taste or flavor, maintain the integrity or healthiness of food and beverages and are environmentally friendly. Due to these characteristics, it is widely considered as “generally recognized as safe” or “GRAS” packaging material by U.S. Food and Drug Association.  Rising disposable income, changing lifestyle, and growing demand for fruits and soft drinks are some of the factors that are driving the demand for glass packaging solutions . Increasing alcoholic drinks consumption and rising investments in the pharmaceutical sector are the driving factors that will further boost the global glass packaging market growth.  Growing Pharmaceutical Industry Glass is a preferred packaging material in the pharmaceutical indus
Read more

A Comprehensive Study On Global Low Density Polyethylene Packaging Market

By -
Image
 Introduction Global LDPE packaging market is projected to witness the growth at a decent CAGR  during the forecast period(2017 to 2023). Growing demand for innovative, light-weight and convenience packaging by the FMCG industry will drive the demand for LDPE packaging.                            LDPE packaging is also widely used for the packaging of healthcare products to prevent the drugs for a longer period of time, which will further augment the demand for LDPE packaging. However, the increase in demand for HDPE, LLDPE and ULDPE will impede the demand for LDPE packaging during the forecast period.  Growing Demand For Retail-ready Packaging LDPE materials, especially stretch and shrink films are used for retail-ready packaging to provide safety of the product during transit. Additionally,  graphics printing on the LDPE packaging facilitates brand promotion, ease of stockroom identification and improved product availability in case of replenishment.  LDPE packaging
Read more