Press release
Motion Sensor Global Market Navigating Trends, Share Report, Growth Drivers, Market Size And Future Outlook 2024-2033 | TDK Corporation, TE Connectivity Ltd., Omron Corporation, Panasonic Corporation, Kionix Inc.
Motion Sensor Global Market
Motion Sensor Global Market Report 2024 by The Business Research Company offers comprehensive market insights, empowering businesses with a competitive edge. It includes detailed estimates for numerous segments and sub-segments, providing valuable strategic guidance.
The Market Size Is Expected To Reach $11.05 billion In 2028 At A CAGR Of 10.6% :
The motion sensor market size has grown rapidly in recent years. It will grow from $6.69 billion in 2023 to $7.38 billion in 2024 at a compound annual growth rate (CAGR) of 10.3%. The growth in the historic period can be attributed to industrial automation, consumer electronics, energy efficiency, healthcare and wellness and smart home technology.
The motion sensor market size is expected to see rapid growth in the next few years. It will grow to $11.05 billion in 2028 at a compound annual growth rate (CAGR) of 10.6%. The growth in the forecast period can be attributed to iot and smart cities, healthcare and aging population, contactless solutions, consumer electronics and wearables and environmental monitoring and conservation. Major trends in the forecast period include miniaturization and integration, advanced sensing technologies, health and wellness applications, automotive safety and autonomous vehicles, retail analytics and marketing.
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Motion Sensor Market Major Segments
The motion sensor market covered in this report is segmented -
1) By Sensor Type: Micro-Electro-Mechanical Systems (MEMS) Accelerometer, Micro-Electro-Mechanical Systems (MEMS) Gyroscope, Micro-Electro-Mechanical Systems (MEMS) Magnetometer, Sensor Combos
2) By Technology: Infrared Detector, Microwave Detector, Tomographic Detector, Ultrasonic Detector, Other Technologies
3) By Function: Fully Automatic, Semi-Automatic
4) By End Users: Consumer Electronics, Automotive, Healthcare, Aerospace and Defense, Smart Home, Other End Users
Key Driver - The Increasing Demand For Smartphones And Motion Sensor Market Growth
The increasing demand for smartphones is expected to propel the growth of the motion sensor market going forward. Smartphones are advanced mobile phones that combine a cellular phone's essential functions with a computer's capabilities. The rising demand for smartphones is due to increasing digital services, applications, entertainment, and mobile banking options. The motion sensors enhance the usability and functionality of smartphones by enabling intuitive interactions, immersive experiences, and innovative features that leverage the device's motion and orientation capabilities. For instance, in March 2023, according to a report published by Cybercrew, a UK-based developing and providing cybersecurity solutions for businesses of all sizes, the percentage of UK households using smartphones reached 91.43% in 2021, and it is projected to reach 93.8% in 2026. Therefore, increasing demand for smartphones drives the motion sensor market.
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Prominent Trend - Increasing Focus On Technological Advancements In The Motion Sensor Market
Major companies operating in the motion sensor market are developing technologically advanced products, such as BMI323 motion sensor, to better serve customers with advanced features and gain a competitive edge in the market. BMI323 motion sensor is a general-purpose and low-power inertial measurement unit (IMU) that boasts precise acceleration and angular rate measurement alongside intelligent integrated functionalities activated by motion. For instance, in October 2022, Bosch Sensortec GmbH, a Germany-based manufacturer of motion sensors, launched the BMI323 motion sensor. The BMI323 motion sensor stands out for its simplicity and exceptional price-performance ratio, paving the way for new applications in Inertial Measurement Units (IMUs). Its versatility extends to various consumer products, such as toys, gaming controllers, remote controls, wearables, fitness trackers, smartwatches, tablets, and laptops. These integrated features streamline development for original equipment manufacturers (OEMs), with included plug-and-play step counter software eliminating the need for custom algorithm development.
Motion Sensor Market Players
Major companies operating in the motion sensor market report are Sony Corporation; Xiaomi Corporation; Honeywell International Inc.; Texas Instruments Incorporated; TDK Corporation; TE Connectivity Ltd.; STMicroelectronics NV; Infineon Technologies AG; Murata Manufacturing Co. Ltd.; Analog Devices Inc.; Seiko Epson Corp.; Microchip Technology Inc.; Omron Corporation; Panasonic Corporation; Maxim Integrated Products Inc.; Alps Electric Co. Ltd.; Melexis NV; OPTEX Company Limited.; Invensense Inc.; Nippon Ceramic Co. Ltd.; Memsic Inc.; Bosch Sensortec GmbH; Kionix Inc.; Vesper Technologies Inc.; SIMAC Electronics GmbH
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Largest And Fastest Growing Region In The Market
North America was the largest region in the motion sensor market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the motion sensor market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Motion Sensor Market Report Structure
3. Motion Sensor Market Trends And Strategies
4. Motion Sensor Market - Macro Economic Scenario
5. Motion Sensor Market Size And Growth
…..
27. Motion Sensor Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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