A new Report by Delvens, titled "Motion Sensor market” offers a comprehensive analysis of the industry, which comprises insights on the Global analysis. The report also includes competitor and regional analysis, and contemporary advancements in the market.
The global Motion Sensor market size was estimated at USD 5.78 billion in 2023 and is projected to reach USD 9.8 billion in 2030 at a CAGR of 6.80% during the forecast period 2023-2030.
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A motion sensor is an electrical device that detects nearby people or objects using a sensor, it sends an alarm to the security system when the sensor detects movement. The motion sensor market is fueled by the growth in the use of industrial control, robotics, drones, smart home devices and fitness devices.
Motion sensors are widely used in augmented reality (AR) and virtual reality (VR) applications such as 3D movie headsets, sports training, virtualized inventory management, virtual car shows, instant sign rotation for tourists and interior design to record movements and gestures stably and with low latency.
The growing need for safety and security across the globe is one of the major factors driving the growth of the motion sensors market. Increasing integration of motion sensors in modern devices such as smartphones, tablets, computers and televisions, as well as in security systems, as well as growth in home applications such as automated lighting and home control, is driving the growth of the market.
Regional Analysis
Asia-Pacific to Dominate the Market
Asia-Pacific is estimated to account for the largest market share during the forecast period. In Asia-Pacific, Technological advancements such as IoT and wireless sensor networks in the region have led to an increase in the popularity of ideas such as smart homes and robotic kitchens, which is likely to fuel product demand.
Furthermore, countries such as China and Japan are considered manufacturing and assembly centers for consumer electronics manufacturers such as SAMSUNG and Sony Corporation. These factors are expected to increase regional product demand even more.
Competitive Landscape
• Analog Devices Inc.
• NXP Semiconductor NV
• STMicroelectronics NV
• TE Connectivity Ltd
• Panasonic Corporation
• Murata Manufacturing Co. Ltd
• Honeywell International Inc
• Bosch Sensortec GmbH
• TDK Corporation
• Kemet Corporation
• Microchip technology
• Memsic
• Kionix
• IFM Electronics
• Sensata Technologies
• Xsens technologies
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Recent Developments
In January 2022, TDK Corporation announced the launch of the InvenSense ICM-45xxx SmartMotion ultra-high-performance (UHP) family of 6-axis MEMS motion sensors. This family introduced the on-chip self-calibration, the industry's lowest power consumption, and the world's first BalancedGyro (BG) technology.
In February 2021, Allterco Robotics delivered next-gen shelly motion sensors optimized with silicon labs Wi-Fi technology to optimize battery performance and simplified consumer experience in the smart home.
Reasons to Acquire
Increase your understanding of the market for identifying the most suitable strategies and decisions based on sales or revenue fluctuations in terms of volume and value, distribution chain analysis, market trends, and factors.
Gain authentic and granular data access for the Motion Sensor Market to understand the trends and the factors involved in changing market situations.
Qualitative and quantitative data utilization to discover arrays of future growth from the market trends of leaders to market visionaries and then recognize the significant areas to compete in the future.
In-depth analysis of the changing trends of the market by visualizing the historic and forecast year growth patterns.
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In addition to the market data for the Motion Sensor Market, Delvens offers client-centric reports customized according to the company’s specific demand and requirements.
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