Zion Market Research has published a new report titled “Motion Sensors Market (Microwave, Infrared, Ultrasonic, Dual Technology & Tomographic) for Automotive, Consumer Electronics, Industrial, Healthcare, and Aerospace & Defense and Other Applications and Other Applications: Global Industry Perspective, Comprehensive Analysis, and Forecast, 2014-2022”. According to the report, global motion sensors market was valued at around USD 3.97 billion in 2016 and is expected to reach approximately USD 8.17 billion in 2022, growing at a CAGR of slightly above 12.8% between 2017 and 2022.
The motion sensor is an electronic device that senses motion of any non-living or living objects within its range. Motion sensors are a vital component in smart floodlights, automated lighting control, energy efficiency, home control and security systems etc. These devices save energy, time and are easy for installation. The motion sensor is used in infotainment and business applications and in routine activities in homes and other settings.
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A significant number of applications in commercial and household purposes such as automated lighting control and energy efficiency security is expected to propel global motion sensors market growth. However, availability of alternatives at low cost is restraining the motion sensors market growth. In addition, limitations of the accelerometer are plummeting the market growth. However, growing application in different sectors for motion sensors will provide opportunities for the growth of the motion sensors market.
On the basis of type motion sensor market is segmented into accelerometer, gyroscope, magnetometer and sensor combos. Growing usage of gyroscopes for high stability, image stabilization and navigation in the consumer electronics industry is expected to spur the growth of this segment during the forecast period. The technology used in motion sensors are infrared, microwave, ultrasonic, dual technology and tomographic.
Based on the region, the market is segmented into North America, Europe, Latin America, Asia-Pacific and Middle East & Africa. Europe is expected to remain the largest market for motion sensors market over the forecast period due to the high demand for luxury vehicles, consumer electronics, advanced healthcare facilities, and voice-controlled equipment. Europe is followed by North America. Asia-Pacific and Rest of the World are anticipated to witness strong growth over the forecast period because of an increase in demand for consumer electronics and wearable devices and growth in industrial automation and robotics sectors.
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The key players participate in motion sensor space are Freescale Semiconductor, Ltd., ST Microelectronics, Invensense, Inc., Analog Devices, Inc., Murata Manufacturing Co. Ltd., Honeywell International, Inc., Microchip Technology, Inc., Kionix Inc, Bosch Sensortec GmbH and Memsic Inc., among others.
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