ALBANY, New York -- According to a new market report published by Transparency Market Research "Motion Sensor Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2023," the motion sensor market in terms of revenue was valued at US$3.24 bn in 2014, is expected to reach US$18.20 bn by 2023, at a CAGR of 21.2% from 2015 to 2023.
Motion sensors are devices which are used to sense movements of objects. It is used to view a change in position of an object relative to its surroundings or the change in the surroundings relative to an object. Rapid expansion of the automotive industry in the APAC region is expected to bolster the overall motion sensor market. The automotive industry growth in the developing nations of Asia Pacific can be attributed to rising domestic demand of cars having new technological advancements. Due to this factor motion sensors have catered the automotive market for applications such as advanced driver assistance system (ADAS), security and airbag deployment system present in mid and high segment cars. Due to these factors, automotive sector is expected to grow at the highest rate among other applications.
Based on the various types, market is segmented into MEMS magnetometers, MEMS accelerometers, MEMS gyroscopes, ultrasonic sensors and sensor combos. MEMS accelerometers held the largest share of motion sensor market in 2014. MEMS accelerometer motion sensors are used for detecting earthquakes and other artificial body parts in medical devices. In addition, an accelerometer is used to calculate acceleration as it is useful in determining changes in position and velocity. They are generally used for determining small movements.
Based on technology, the market is segmented into infrared sensor, microwave sensor, tomographic sensor, ultrasonic sensor and others include optic motion sensors, wave radar motion sensors, and vibration motion sensors among others. Infrared sensors are further segmented into passive infrared and active infrared. In 2014, infrared sensor was the largest contributor to the market followed by microwave sensor. Infrared sensors are incorporated as a component of a system that automatically alerts a user for the purpose for which that system is used. However the demand for microwave sensors is expected to grow at highest rate during the forecast period. This is due to its increasing usage in security and surveillance. Microwave motion sensors emit microwaves into the specific region and detect any interruption by analyzing the frequency of the received microwaves after by the reflection of any intruder.
In terms of applications, the market is segmented into automotive, fitness and wellness, health care, industrial application, consumer electronics, aerospace and defense and others. Industrial application is sub segmented into lighting controls, service robotics and fire alarms and smoke detectors. Consumer electronics market is further classified into gaming and entertainment, wearable devices, smartphones and tablets and others. Automotive applications market is sub segmented into advanced driver assistance system, airbag deployment system, security and others. The consumer electronics held the largest share in 2014, followed by the industrial applications. Increasing popularity of wearable technology is anticipated to boost the demand of the motion sensors in the consumer electronics segment. Rising adoption of motion sensors in wearable devices is expected to boost the demand of these sensors during the forecast period.
Based on geography, the market is segmented into North America, Europe, Asia-Pacific, and Rest of the World (RoW). Europe held major share of the market for motion sensors in 2014 and is expected to retain its position during the estimated period. Asia Pacific is expected to be the fastest growing market over the forecast period. Due to growing demand of motion sensors in consumer electronics products, 'automotive safety and security systems' and industrial surveillance systems is expected to drive the market in this region .
Some of the major players in this market are Robert Bosch GmbH (Germany), Honeywell International, Inc(U.S.), Microchip Technology, Inc.(United States), Murata Manufacturing Co. Ltd.( Japan), Invensense Inc.( United States), Memsic Inc.( United States), Kionix Inc.(U.S.), Analog Devices, Inc.(U.S.), NXP Semiconductors N.V.( The Netherlands) and ST Microelectronics(Switzerland) among others.
The segments covered in the Motion Sensor market are as follows:
Global Motion Sensor Market: By Type
•MEMS (Micro Electro Mechanical Systems) Magnetometer
Global Motion Sensor Market: By Technology Type
•Infrared Motion Sensor
Global Motion Sensor Market: By Application Type
•Lighting Controls (Outdoor/Indoor)
•Fire Alarms & Smoke Detectors
•Gaming & Entertainment
•Smart phones & Tablets
•Advanced Driver Assistance System (Adas)
•Airbag Deployment System
•Fitness and Wellness
•Aerospace and Defense
Global Motion Sensor Market: By Geography
•Rest of Europe
•Rest of Asia Pacfic
•Rest of the World (RoW)
Full Research Report on Global Motion Sensor Market with detailed figures and segmentation at: http://www.transparencymarketresearch.com/motion-sensor-market.html
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