Motion Sensor Market Expected to Generate US$ 9.2 Billion, Expanding at CAGR of 7.6% During 2023-2028

PRESS RELEASE
Published April 11, 2023

According to the latest report by IMARC Group, titled "Motion Sensor Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028," offers a comprehensive analysis of the industry, which comprises insights on the global motion sensor market. The report also includes competitor and regional analysis, and contemporary advancements in the market.

The global motion sensor market size reached US$ 5.9 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 9.2 Billion by 2028, exhibiting a growth rate (CAGR) of 7.6% during 2023-2028.

A motion sensor, also known as a motion detector, is an electronic device designed to detect the presence of movement within a given area. It is widely utilized in various applications, including home security systems, automatic doors, lighting controls, and other electronic devices that require motion detection. It typically consists of two main components, such as a sensor and a signal processing unit that is responsible for detecting any motion within its coverage area, and the signal processing unit interprets the sensor's output and triggers an appropriate response. Additionally, it can be based on several technologies, including infrared, ultrasonic, microwave, and tomographic sensors. It is critical in modern security systems, as it can trigger alarms or alerts when an intruder is detected, allowing homeowners or security personnel to take appropriate action.

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Global Motion Sensor Market Trends:

The escalating demand for security systems majorly drives the global market. This can be supported by the rising utilization of security systems in residential and commercial applications due to increasing incidences of theft and robbery cases. Along with this, the widespread adoption of the motion sensor, which is capable of alerting authorities when an intruder is detected and can be connected to smartphones, wearables, and tablets to notify individuals of any security breaches, is significantly supporting the market.

In addition, the incorporation of motion sensors in electrical appliances to conserve energy by automatically turning off appliances during periods of inactivity is positively influencing the demand. Moreover, the employment of automated devices, such as hand dryers, doors, and faucets, is creating a positive market outlook. Some of the other factors driving the market include continual technological advancements and inflating disposable income levels.

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Competitive Landscape:                                      

The competitive landscape of the market has been studied in the report with detailed profiles of the key players operating in the market.

Some of these key players include:            

  • ST Microelectronics
  • Murata Manufacturing Co. Ltd.
  • Honeywell International, Inc.
  • NXP Semiconductors N.V
  • Analog Devices, Inc.
  • Microchip Technology, Inc.
  • Invensense, Inc.
  • Bosch Sensortec GmbH
  • Memsic Inc.
  • Kionix Inc.

Key Market Segmentation:

Breakup by Technology Type:

  • Infrared
  • Ultrasonic
  • Microwave
  • Dual Technology
  • Tomographic
  • Others

Breakup by Embedded Sensor Type:

  • MEMS Accelerometer
  • MEMS Gyroscope
  • MEMS Magnetometer
  • Sensor Combos

Breakup by End Use Industry:

  • Consumer Electronics
  • Automotive
  • Industrial
  • Aerospace and Defense
  • Healthcare
  • Others

Breakup by Region:

  • North America (United States, Canada)
  • Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
  • Europe (Germany, France, United Kingdom, Italy, Spain, Others)
  • Latin America (Brazil, Mexico, Others)
  • Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)

Key highlights of the Report:

  • Market Performance (2017-2022)
  • Market Outlook (2023-2028)
  • COVID-19 Impact on the Market
  • Porter’s Five Forces Analysis
  • Historical, Current and Future Market Trends
  • Market Drivers and Success Factors
  • SWOT Analysis
  • Structure of the Market
  • Value Chain Analysis
  • Comprehensive Mapping of the Competitive Landscape

Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

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