According to the new market research report on the "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", the motion sensor market is estimated to
grow from USD 5.7 billion in 2019 to USD 9.3 billion by 2025, at a CAGR
of 8.3%. The market is mainly driven by huge demand for consumer
electronics; stringent government regulations for automotive; use of
MEMS technology in motion sensors; growing adoption of automation;
rising demand from emerging economies; and increasing expenditure in
defense.
https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=614
Browse 71 market data Tables and 41 Figures spread through 155 Pages and in-depth TOC on "Motion Sensor Market - Global Forecast to 2025"
The report profiles the most promising players in the market. The market is highly dynamic because of the presence of a significant number of big and small players operating in it. Key players in the market are 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).
Market for dual technology to grow at highest CAGR during forecast period
The report profiles the most promising players in the market. The market is highly dynamic because of the presence of a significant number of big and small players operating in it. Key players in the market are 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).
Market for dual technology to grow at highest CAGR during forecast period
The
market for dual technology is expected to grow at the highest CAGR
during the forecast period. Dual technology motion sensing is widely
used in consumer electronics and automotive applications. Presently,
this market holds significant value and is expected to witness high
growth in the coming years owing to the use of motion sensors for
high-precision motion detection. The markets for infrared and microwave
motion technologies are expected to grow at the second-highest CAGR
during the forecast period.
Consumer electronics application to hold largest share of motion sensor market during forecast period
Based
on application, consumer electronics application is expected to hold
the largest share of the overall motion sensor market during the
forecast period. The consumer electronics segment is driving the market
for motion sensors. The growth is attributed to the increasing demand
for smartphones & tablets. Moreover, the increased demand in the
interactive motion gaming and the use of gyroscopes in smart gadgets are
also driving the growth of the motion sensor market.
Europe to remain a major consumer of motion sensors during the forecast period
The
motion sensor market in Europe is expected to account for the largest
share of the overall motion sensor market throughout 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 motion sensor market. Therefore, Europe holds the
leading position in this market. The Americas is the second-largest
market for motion sensors and it is expected to hold its position 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.
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