Industry Background:
A motion sensor or motion detector is an electronic device, which is designed to detect and measure movement. These sensors are used mainly in home and business security systems, but they can also be found in phones, game consoles, paper towel dispensers, and virtual reality systems. Unlike many other types of sensors, motion sensors are typically embedded systems with three major components: a sensor unit, an embedded computer, and hardware. These three parts vary in size as well as in configuration, as motion sensors can be customized to perform highly specific functions. For example, motion sensors can be used to activate floodlights, activate switches, trigger audible alarms, and even alert the police.
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Current Value (2021) | USD 3.2 Billion |
Unit | Value (USD Billion) |
Key Companies Profiled | NXP Semiconductors (Japan), Analog Devices (United States), STMicroelectronics (Switzerland), Murata Manufacturing (Japan), Honeywell International (Japan), Microchip Technology (United States), TDK InvenSense (United States), Bosch Sensortec (Germany), Memsic (United States), Kionix (United States), TE Connectivity (Switzerland), Panasonic Electric Works (Germany) and IFM Electronic (United States) |
According to AMA, the market for Motion Sensor is expected to register a CAGR of 6.75% during the forecast period to 2027. This growth is primarily driven by Growing Demand of Smartphones, Tablets, and Notebooks across the Globe, Advancement in Micro-Electro-Mechanical Systems (MEMS) and Rapidly Growing Interactive Motion Gaming Industry Fueling the Growth of the Market.
Globally, a noticeable market trend is evident The Growing Application of Motion Sensors in Wearable’s. Major Players, such as NXP Semiconductors (Japan), Analog Devices (United States), STMicroelectronics (Switzerland), Murata Manufacturing (Japan), Honeywell International (Japan), Microchip Technology (United States), TDK InvenSense (United States), Bosch Sensortec (Germany), Memsic (United States), Kionix (United States), TE Connectivity (Switzerland), Panasonic Electric Works (Germany) and IFM Electronic (United States) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
On 8 Jan 2019, TDK launched premium motion sensor optimized for optical and computational image stabilization applications. The new InvenSense CORONA ICM-42622 6-axis motion sensor delivers unparalleled sensor performance for enhanced 4-axis optical and computational stabilization techniques for still images and video. The newest sensor introduces industry-leading sensor accuracy and high-speed sampling capabilities for the most demanding optical and computational image stabilization applications in smartphones, cameras and consumer electronics.
On 11 Feb 2019, STMicroelectronics reveals motion sensor with machine learning for high-accuracy, battery-friendly activity tracking. The LSM6DSOX iNEMO(TM) sensor contains a machine-learning core to classify motion data based on known patterns. Relieving this first stage of activity tracking from the main processor saves energy and accelerates motion-based apps such as fitness logging, wellness monitoring, personal navigation, and fall detection.
Market Drivers
- Growing Demand of Smartphones, Tablets, and Notebooks across the Globe
- Advancement in Micro-Electro-Mechanical Systems (MEMS)
- Rapidly Growing Interactive Motion Gaming Industry Fueling the Growth of the Market
Market Trend
- The Growing Application of Motion Sensors in Wearable’s
Restraints
- An Availability of Low Cost Sensors
Opportunities
Growing Application in Consumer Electronic Industry
Challenges
Technological Concerns
AMA Research follow a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcase the spontaneously changing Players landscape impacting the growth of the market. Furthermore, our market researchers extensively analyse the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts, but also include significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Motion Sensor Study Sheds Light on
The Motion Sensor Market status quo and key characteristics. To end this, Analyst at AMA organize and took survey of the Motion Sensor industry Players. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Motion Sensor industry is heading and what are the top priorities. Insights are drawn from financial analysis, the survey and interviews with key executives and industry experts.
How every company in this diverse set of Players can best navigate the emerging competition landscape and follow a strategy that helps them position to hold value they currently claim, or capture the new addressable opportunity.