Published: May, 2018
The global motion sensor market is predicted to find players practicing a variety of business tactics to fortify their presence in the industry. For instance, players could take to mergers and acquisitions, collaborations, agreements, partnerships, and new product launches to gain a strong foothold in the market. A report by Transparency Market Research profiles some of the leading players of the market, including InvenSense Inc., Murata Manufacturing Co. Ltd., Microchip Technology, Inc., Honeywell International, Inc., and Robert Bosch GmbH.
In January 2018, low-power acceleration sensor, BMA400 was launched by Robert Bosch that consumes only 4μA in step-counter mode. Expected to reach distributers and OEMs in June 2018, the sensor will cater to applications in IoT and wearables.
TMR foresees the global motion sensor market to bag an US$18.20 bn by the end of 2023. On the basis of technology, the market could witness the rise of microelectromechanical systems (MEMS) accelerometers, considering their staggering share achieved in the recent past. By region, Europe is anticipated to continue taking a larger share of the market in the next few years.
Motion Sensor Collects Vast Demand in High-end Automotive Applications
The world motion sensor market is prognosticated to attain a boost in its growth due to the aggressive expansion of the automotive industry in Asia Pacific. New technological developments supporting the demand for cars in the region could be one of the primary reasons for the impressive rise of the automotive industry therein. This is expected to increase the application of motion sensor in the automotive market, especially in airbag deployment system, security, and advanced driver assistance system (ADAS) provided in mid and high-segment cars.
Besides automotive, the world motion sensor market could gain attention from the security and surveillance industry due to the rising usage of microwave sensors. Consumer electronics could also augment the demand in the market as a result of the growing popularity of wearable technology.
Availability of Motion Sensor Alternatives at Economical Cost Deters Growth
The international motion sensor market is foretold to obtain massive demand in the near future. However, there could be a few factors arresting its success. This could be evident with certain limitations of MEMS accelerometer and availability of low-cost substitutes for motion sensor. Nonetheless, the market is prophesied to offer a wealth of prospects birthing on the back of swelling demand for miniaturized sensors. Another factor that could enhance market growth is the rapid rise of the interactive motion gaming industry. Horticulture is also witnessing a magnifying demand for LED motion sensors. All of these factors are envisaged to create ample of opportunities in the market.
The information presented in this review is based on a TMR report, titled “Motion Sensor Market (Technology - MEMS Magnetometer, MEMS Accelerometer, MEMS Gyroscope, and Sensor Combo; Type - Microwave Sensor, Infrared Motion Sensor (Active Infrared and Passive Infrared), Tomographic Sensor, and Ultrasonic Sensor; Application - Industrial (Lighting Controls (Outdoor/Indoor), Service Robotics, and Fire Alarms and Smoke Detectors), Consumer Electronics (Gaming and Entertainment, Wearable Devices, and Smartphones and Tablets), Automotive (ADAS, Airbag Deployment System, and Security), Fitness and Wellness, Healthcare, and Aerospace and Defense) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2023.”
The global motion sensor market has been segmented as presented below:
Global Motion Sensor Market: Technology
- MEMS Magnetometer
- MEMS Accelerometer
- MEMS Gyroscope
- Sensor Combos
Global Motion Sensor Market: Type
- Microwave Sensor
- Infrared Motion Sensor
- Passive Infrared
- Active Infrared
- Tomographic Sensor
- Ultrasonic Sensor
Global Motion Sensor Market: Application
- Industrial Application
- Lighting Controls (Outdoor/Indoor)
- Service Robotics
- Fire Alarms and Smoke Detectors
- Consumer Electronics
- Gaming and Entertainment
- Wearable Devices
- Smartphones and Tablets
- Automotive Application
- Airbag Deployment System
- Fitness and Wellness
- Aerospace and Defense
Global Motion Sensor Market: Region
- North America
- Rest of Europe
- Asia Pacific
- Rest of Asia Pacific
- Rest of the World
- Middle East
- Latin America
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