Global Motion Sensor Sales Expected to GrowApril 4, 2012
A MarketsandMarkets report predicts the market segment will reach $4.8 billion by 2016, with a CAGR of 21.78%.
DALLAS /PRNewswire/ -- According to a new market research report "Motion Sensors Market, Global Forecast & Analysis (2011–2016) By Technology (Passive Infrared, Ultrasonic, Microwave, Tomographic, Dual -Technology/ Hybrid), Application Types (Consumer Electronics, Automotive, Industrial & Medical, Aerospace & Defense) & Products (Mems Accelerometer, Mems Gyroscopes, Digital Compass)", published by MarketsandMarkets
Browse more than 80 tables and in-depth TOC on "Motion Sensors Market, Global Forecast & Analysis (2011–2016) By Technology, Application Types & Products." Early buyers will receive 10% customization on reports.
The global motion sensors market has gained force in the past couple of years. With the number of innovations taking place in the technology of motion sensors product lines and its usages, the market is expected to grow exponentially in the next five years at a considerable compounded annual growth. The demand for products that use motion sensor technology is increasing due to increasing research and development.
Today, the largest market share is held by consumer electronic and automotive devices, which have been increasing considerably. The increase is due to the growth in smartphones and tablets and various advanced automotive applications, the increase in the number of corporate buyers, and the rise in application-related motion sensing technology.
Lots of other products are enabled by motion sensors, such as smartphones and tablets, interactive displays, industrial machines, medical equipments, defense and military weapons, and these are expected to capture the market in the next two to three years.
The increasing demand for motion sensor technology has influenced many manufacturers to develop motion sensor products, which have bright applications like infotainment and entertainment services. This also creates the opportunities for software companies to increase their market by providing new solutions for different products in this segment.
The agenda for the briefing includes discussion of key high-growth markets, thereby marking the growth trend in the motion sensors market. Furthermore, a briefing will be conducted on the competitive scenario and geographic trends and opportunities in the macro- and micro-markets, with respect to North America, Europe, Asia-Pacific, and ROW. The competitive strategies and their initiatives taken by different companies to increase their market will also be discussed in detail.
MarketsandMarkets is a global market research and consulting company, based in the U.S. It publishes strategically analyzed market research reports and serves as a business intelligence partner to Fortune 500 companies across the world.
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