(I-BusinessNews.Com, October 11, 2019 ) Market Overview:
Motion Sensors, also known as a motion detector, is an electronic device that intercepts physical or kinetic movements in real time. Some of the commonly used motion sensing technologies include passive infrared, ultrasound wave, microwave and tomography. Motion sensors are now widely used in commercial as well as residential electronics such as energy efficiency security, automated lighting and home automation, smart wearables, among others.
The global Motion Sensors market growth is driven by huge demand for consumer electronic applications and increasing expenditure and investment in automotive and aviation sector worldwide. Growing adoption of motion sensors in automotive sector for airbag deployment system, advanced driver assistance system (ADAS) coupled with increasing automotive industry globally, is expected to drive the global motion sensors market during the forecast period.
However, high capital reuirement, low return on investment, and growing level of integration can hinder market growth during the forecast period.
By Motion Technology, the global Motion Sensors Market is segmented into Infrared, Ultrasonic, Microwave, Dual Technology, Tomographic, and Others. In 2018, infrared motion technology accounted for the majority share in the global market. The increasing adoption of infrared motion technology-based sensors in devices to be used in security and surveillance areas.
By application, the global Motion Sensors Market is segmented into Consumer Electronics, Automotive, Aerospace & Defense, Healthcare, Industrial, and others. Motion Sensors Market for consumer electronics is expected to grow at the highest CAGR during the forecast period.
By geography, the global Motion Sensors Market is segmented into North America, Asia-Pacific (APAC), Europe, South America, and the Middle East and Africa (MEA).
In 2018, North America and Europe together accounted for two-third share in the global Motion Sensors market. However, APAC is expected is to witness a tremendous growth rate of 12%-13% over the forecast period.
In North America, 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.
Motion Sensors Market is fragmented with the presence of global and regional players in the market. Creating consumer awareness by aggressive marketing strategies and greater visibility of products across retail space are other steps taken by market participants to generate demand.
Intense rivalry among top players in the market has started fierce competition at various levels for setting a low price, driving aggressive marketing strategies, and new and innovative product launches.
Some major players in the market are Honeywell International, Bosch, Sony Corp, Synaptics, and STMicroelectronics. Other prominent players in the market include Texas Instruments, DK InvenSense, TE Connectivity, IFM Electronic, and Sensata Technologies.
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