Press release
Motion Sensor Market - Active Infrared Dominated The Market In 2014 And Expected To Retain Its Dominance During The Forecast Period
Motion sensing is the new technology that is bringing a far-reaching change in security systems not only in business but home settings as well. This is because motion sensors can detect motion of living or non-living objects that are within the sensor’s range. Motion sensors are vital in smart floodlights, home control, automated lighting control, and security systems among others.
The global motion sensor market is segmented by type, application, technology, and geography.
The report analyzes the global motion sensor market in a ground-up manner, which includes historical data, current data, and forecasts for a satisfactory analysis of the market’s progression over the forecast period from 2015 to 2023. Analysts tapped into primary and secondary sources and conducted extensive interviews with industry experts to obtain their viewpoint about the growth of the industry.
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The publication provides a comprehensive analysis of the vendor landscape of the market, which makes it an interesting read. Top companies are profiled for their distinguishing competitive attributes of business standing, financial standing, product portfolio and SWOT analysis.
Global Motion Sensor Market: Trends and Opportunities
The global market for motion sensors is driven by factors such as rising application of motion sensors in consumer electronics industry and automotive industry. In the automotive industry, motion sensors are deployed in airbag deployment systems, advanced driver assistance systems, and security among others. With the growth of the automotive industry in Asia Pacific due to increasing purchasing power of individuals and improving economic conditions, the motion sensor industry is benefitted indirectly. In particular, the demand for high-end vehicles equipped with motion sensor products will be beneficial for the market’s growth. For example, electric vehicles and advanced hybrid vehicles are largely equipped with motion sensors.
On the basis of product type, the motion sensor market is classified into MEMS magnetometers, MEMS gyroscopes, sensor combos, MEMS accelerometers, and ultrasonic sensors. Of these, MEMS accelerometers accounted for the maximum revenue to the overall market in 2014. They are used to detect earthquakes and also to detect prosthetics among others. MEMS magnetometers are mainly used for applications such as calculation of magnetic material.
Application-wise, the segments of the market are industrial application, consumer electronics, healthcare, automotive, fitness and welfare, and defense and others. The industrial application segment is sub-segmented into lighting controls, fire alarms and smoke detectors, and service robotics. The consumer electronics application segment is sub-segmented into gaming and entertainment, smartphones and tablets, and wearable devices, and others. Consumer electronics is the leading application segment of the motion sensor market due to the increasing deployment of motion sensors in smartphones and microwaves. Smartphones and tablets account for the leading revenue to the consumer electronics segment trailed by gaming and entertainment. However, gaming applications are expected to contribute substantial revenue to the motion sensor market over the forecast period.
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Global Motion Sensor Market: Regional Outlook
North America, Asia Pacific, Europe, and Rest of the World are the regional segments into which the motion sensor market is divided. In 2014, Europe held the leading share of the global market due to the increasing use of motion sensors in smartphones and microwave ovens. The region was followed by North America.
Global Motion Sensor Market: Competitive Landscape
The report profiles top players in the motion sensor market, namely Robert Bosch GmbH, Microchip Technology Inc., Invensense Inc., Kionix Inc., NXP Semiconductors N.V., Honeywell International Inc., Murata Manufacturing Co. Ltd., Memsic Inc., Analog Devices Inc., and ST Microelectronics among others.
Transparency Market Research (TMR) is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of Analysts, Researchers, and Consultants, use proprietary data sources and various tools and techniques to gather and analyze information.
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