Motion Sensor Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032
Growth Factors of Motion Sensor Market
The motion sensor market size was valued at USD 6.04 billion in 2022, and the market is now projected to grow from USD 6.43 billion in 2023 to USD 10.93 billion by 2030, exhibiting a CAGR of 7.9% during the forecast period of 2023-2030.
The COVID-19 pandemic had a prominent impact on the motion detector industry. The early disruption came from supply chain disturbances, as many sensor constituents were manufactured in regions which were severely affected by the virus. Furthermore, a slowdown in the construction and automotive sectors, which are key customers of these sensors, were affected by the product demand. However, the pandemic also emphasised the significance of touch less technology and smart automation, prominent to an augmented interest in motion sensors for uses such as contactless access control, automated temperature screening, and touch less interfaces.
The growing necessity for strong security solutions is motivating motion sensor market growth due to numerous factors. As security concerns upsurge universally, businesses, homes, and public spaces are looking for progressive technologies to augment their surveillance and safety measures. Motion sensors play an essential role in this scenario by noticing movement and triggering suitable responses. Strong security solutions often need a multi-layered approach, and motion sensors contribute by providing instantaneous finding of illegal interferences or suspicious activities. The growing need for strong security solutions, focussed by growing security concerns, technological progressions, smart home trends, and governing requirements, mutually propels the motion sensor market growth
The growing demand for consumer electronic devices, such as smartphones and tablets, is projected to motivate the industry development expressively. These devices are at the core of the gaming industry, as they deal suitable and portable platforms for gaming supporters. The motion detecting sensor technology embedded in these devices, such as accelerometers and gyroscopes, plays a key role in augmenting the gaming experience. Gamers can use motion sensing for communicating and immersive gameplay, letting them to control in-game actions by actually moving the device.
Comprehensive Analysis of Motion Sensor Market
The market can be segmented in various ways, depending on the focus of analysis such as by technology, by end users. Based on technology, the market is classified into ultrasonic, microwave, infrared, and hybrid. Based on end users, the market is segmented into consumer electronics, automotive, healthcare, aerospace and defence, smart home, and others (oil and gas).
Asia Pacific region is dominating the motion sensor market share due to prompt technological advancement. The combined emphasis on modernization, urbanization, and technology-driven solutions is motivating the implementation of motion detection sensor systems, consequently, encouraging economic progression and locating these nations at the forefront of the sensor industry.
The key players are enthusiastically contributing in planned events that are targeted at maintaining durable market position and growing market share by merger, partnerships and others. These players include Analog Devices Inc (U.S.), NXP Semiconductor NV (Netherlands), STMicroelectronics NV (Switzerland), TE Connectivity Ltd (Switzerland), Panasonic Corporation (Japan), Murata Manufacturing Co. Ltd (Japan), Honeywell International Inc (U.S.), Bosch Sensortec GmbH (Germany), TDK Corporation (Japan), Kemet Corporation (U.S.) these market players spending severely on research and development in order to arise with more new technology so that they can maintain and improve their existing market.
In February 2021, Allterco Robotics presented an innovative addition to its Shelly product line, the Shelly Motion, an Internet of Things (IoT) motion sensor. The device is anticipated to be a valuable addition to smart home designs, posing convenience to many operators.
Segmentation Table
ATTRIBUTE DETAILS
Study Period 2019-2030
Base Year 2022
Estimated Year 2023
Forecast Period 2023-2030
Historical Period 2019-2021
Growth Rate CAGR of 7.9% from 2023 to 2030
Unit Value (USD Billion)
Segmentation By Technology
Ultrasonic
Microwave
Infrared
Hybrid
By End Users
Consumer Electronics
Automotive
Healthcare
Aerospace & Defense
Smart Home
Other (Oil & Gas, etc.)
By Region
North America (By Technology, By End Users, and By Country)
U.S. (By End Users)
Canada (By End Users)
Mexico (By End Users)
Europe (By Technology, By End Users, and By Country)
Germany (By End Users)
U.K. (By End Users)
France (By End Users)
Italy (By End Users)
Spain (By End Users)
Rest of Europe
Asia Pacific (By Technology, By End Users, and By Country)
China (By End Users)
India (By End Users)
Japan (By End Users)
South Korea (By End Users)
Rest of Asia Pacific
Middle East & Africa (By Technology, By End Users, and By Country)
GCC (By End Users)
South Africa (By End Users)
Rest of the Middle East and Africa
South America (By Technology, By End Users, and By Country)
Brazil (By End Users)
Argentina (By End Users)
Rest of South America
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