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The Motion Sensors Market is expected to reach $7.9 billion by 2031

09-04-2024 01:30 PM CET | Advertising, Media Consulting, Marketing Research

Press release from: Meticulous Research®

/ PR Agency: Meticulous Research®
The Motion Sensors Market is expected to reach $7.9 billion

The global motion sensors market is projected to reach $7.9 billion by 2031, growing at a compound annual growth rate (CAGR) of 7.4% from 2024 to 2031, according to a recent publication by Meticulous Research®. The market's growth is driven by several key factors, including the rising demand for automation, the development of smart cities, and the increasing integration of motion sensors in consumer electronics.

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Additionally, the expanding use of motion sensors in the healthcare sector, the growing adoption of motion capture (MOCAP) technology in the gaming industry, and the increasing demand for wireless motion sensors are expected to further fuel market growth. However, legal and compliance issues related to sensor usage and data privacy, along with challenges such as battery life limitations, may hinder market expansion.

The integration of motion sensors with artificial intelligence (AI) and advancements in 3D sensing technology is a notable trend shaping the future of the motion sensors market.

Market Segmentation
The global motion sensors market is segmented by type, connectivity, and end-use industry. The study also provides an analysis of competitors and market dynamics at the regional and country levels.

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By Type: The market is categorized into active and passive motion sensors. In 2024, the passive motion sensors segment is expected to account for over 56.0% of the market share, driven by its cost-effectiveness, low maintenance requirements, and widespread use in consumer electronics like smart lighting and home automation systems. Passive sensors are also increasingly utilized in automating lighting and HVAC systems, as well as in smart home devices. Meanwhile, the active motion sensors segment is projected to experience higher growth during the forecast period, fueled by the demand for sensors such as radar and ultrasonic sensors in advanced security systems, collision avoidance, and object detection.

By Connectivity: The market is divided into wired and wireless motion sensors. In 2024, the wired motion sensors segment is expected to hold a larger share of over 65.0%, attributed to its benefits like low latency, cost-effectiveness, and reliability, making it ideal for applications in industrial automation and critical infrastructure monitoring. However, the wireless motion sensors segment is anticipated to register a higher CAGR during the forecast period, owing to advantages like easier installation, adaptability in dynamic environments such as smart homes and offices, and the integration with other smart home devices and IoT ecosystems.

By End User: The market serves various sectors, including consumer electronics, safety & security, automation & robotics, healthcare, smart homes, aerospace & defense, automotive, and others. In 2024, the consumer electronics segment is expected to dominate with over 26.0% of the market share, driven by the increasing use of motion sensors in devices like smartphones, smart TVs, wearable fitness trackers, and gaming systems. However, the automotive segment is projected to grow at the highest CAGR during the forecast period, due to rising demand for advanced driver assistance systems (ADAS) and in-vehicle infotainment systems, as well as motion sensors for vehicle security, driver monitoring, and parking assistance.

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Regional Insights
North America is expected to lead the market in 2024, holding over 35.0% of the global share. This dominance is driven by advancements in sensor technology, a strong focus on health monitoring and medical devices, the growing adoption of smart home technologies, and the rapid acceptance of ADAS and autonomous vehicles.

Asia-Pacific is projected to experience the highest CAGR of over 8.5% during the forecast period, driven by factors such as increasing digitalization, widespread adoption of smart home devices, growing automotive production, and rising investments in advanced technologies.

Key Market Players
Prominent companies operating in the motion sensors market include:

The key players operating in the motion sensors market are Murata Manufacturing Co., Ltd (Japan), Analog Devices, Inc. (U.S.), TDK Corporation (Japan), NXP Semiconductors N.V. (Netherlands), STMicroelectronics International N.V. (Switzerland), TE Connectivity Ltd. (Switzerland), Panasonic Corporation (Japan), Bosch Sensortec GmbH (Germany) (a subsidiary of Robert Bosch GmbH (Germany)), Sensata Technologies, Inc. (U.S.), KEMET Corporation (U.S.), Texas Instruments Incorporated (U.S.), Honeywell International Inc. (U.S.), TELTONIKA group (Lithuania), Legrand (France), MEMSIC Group (China), Siemens AG (Germany), Pulsotronic GmbH & Co. KG (Germany), Aura Light International (Sweden), and ELA Innovation SA (France).

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These players are focusing on product innovation and technological advancements to strengthen their market position and cater to the evolving needs of various industries using motion sensors.

*Article
1)Motion Sensors Market: https://www.linkedin.com/pulse/motion-sensors-market-growth-drivers-emerging-trends-02e5c

Contact:
Mr. Khushal Bombe
Meticulous Market Research Inc.
1267 Willis St, Ste 200 Redding,
California, 96001, U.S.
USA: +1-646-781-8004
Europe : +44-203-868-8738
APAC: +91 744-7780008
Email- sales@meticulousresearch.com
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https://www.meticulousresearch.com/
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https://www.linkedin.com/company/meticulous-research

We are the trusted research partners for leading businesses around the world, providing market intelligence focused towards building revenue transformation strategies. Our research is used by Fortune 500 organizations to attain success by scouting next generation revenue opportunities well ahead of their competition.

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