Market Research Report
Motion Sensor Market by Motion Technology (IR, Ultrasonic, Microwave, Dual Technology, & Tomographic), Application (Consumer Electronics, Automotive, Aerospace & Defense, Healthcare, & Industrial), and Geography - Global Forecast to 2025
|Published by||MarketsandMarkets||Product code||235779|
|Published||Content info||151 Pages
Delivery time: 1-2 business days
|Motion Sensor Market by Motion Technology (IR, Ultrasonic, Microwave, Dual Technology, & Tomographic), Application (Consumer Electronics, Automotive, Aerospace & Defense, Healthcare, & Industrial), and Geography - Global Forecast to 2025|
|Published: June 20, 2019||Content info: 151 Pages||
"Growing adoption of automation; rising demand from emerging economies; and increasing defense expenditure are among major driving factors for motion sensor market"
The motion sensor market is expected to reach USD 9.3 billion by 2025 from USD 5.7 billion in 2019, at a CAGR of 8.3%. This growth can be attributed to the growing trend of automation, increasing demand for motion sensors from emerging economies, and surging expenditure in defense. Factors restraining the growth of the motion sensor market are time-consuming manufacturing processes and high cost of motion sensors.
Based on the application, the market for other applications is expected to grow at the highest CAGR during the forecast period. This is because of increasing demand from oil & gas and safety & security applications due to rapidly falling prices of motion sensors. Also, the other application segment is witnessing huge technological advancement, which has, in turn, created demand for motion sensors.
The motion sensor market in Europe is expected to account for the largest share of the overall motion sensor market during the forecast period. Europe is emerging as the manufacturing hub for applications such as automotive and consumer electronics, which are also the major contributors to the growth of the motion sensor market. Therefore, Europe holds the leading position in this market. The Americas is expected to hold the second-largest share of motion sensor market during the forecast period. Growing industrial and home automation; emerging applications, such as augmented and virtual reality and IoT; and huge defense expenditure by the US government are the major factors driving this market.
The motion sensor market in RoW is expected to grow at the highest CAGR during the forecast period. This growth can be attributed to the increasing demand for consumer electronics and premium automobiles.
The breakup of primaries conducted during the study is depicted below:
Players in the motion sensor market include: STMicroelectronics (Switzerland), Murata Manufacturing (Japan), Honeywell International (Japan), NXP Semiconductors (Japan), Analog Devices (US), Microchip Technology (US), TDK InvenSense (US), Bosch Sensortec (Germany), Memsic (US), Kionix (US), TE Connectivity (Switzerland), IFM Electronic (US), Sensata Technologies (US), Xsens Technologies (Netherlands), Colibrys (Switzerland), Seiko Epson (Japan), KVH Industries (US), InnaLabs (Ireland), Qualtre (US), and Panasonic Electric Works (Germany).
Factors such as growing trend of advanced wearables, increasing reliance of industries on IoT, and increasing production of unmanned vehicles are expected to generate opportunities for players in the motion sensor market.
The report would help leaders/new entrants in the motion sensor market in the following ways:
(Business Overview, Products Offered, Recent Developments, SWOT Analysis, and MnM View)*
Details on Business Overview, Products Offered, Recent Developments, SWOT Analysis, and MnM View might not be captured in case of unlisted companies.