The global motion sensor market was worth US$ 4.5 Billion in 2018. A motion sensor, also known as a motion detector, is an electronic device that intercepts physical or kinetic movements in real time. Some of the commonly used motion sensing technologies include passive infrared, ultrasound wave, microwave and tomography. These sensors are generally embedded in home control systems, lighting control systems, physical security systems and fare collection systems. Nowadays, they are also being incorporated in consumer electronics such as smartphones, tablets, gaming consoles and fitness bands.
Motion sensors find extensive application in security systems used in both commercial and residential sectors. An increasing number of theft and robbery cases have resulted in the need for security systems in homes, shopping malls, offices and banks. These systems send an alert message on sensing an intruder and can also be connected with smartphones, wearables and tablets for notifying in case of a security breach. Additionally, the increasing demand for smartphones and tablets, along with a thriving interactive gaming industry, is also driving the market growth. Furthermore, motion sensors are also being incorporated in electrical appliances where they aid in energy saving by switching off the appliances in case of continued inactivity. Moreover, the rising disposable incomes along with rapid urbanization has resulted in the escalating employment of automated devices, such as hand dryers, doors and faucets, which is further driving the market. Another growth-inducing factor is the widening applicability of motion sensors across industries such as automotive, aerospace and healthcare. Looking forward, IMARC Group expects the market to reach a value of US$ 8.6 Billion by 2024, registering a CAGR of 11.5% during 2019-2024.
The report has also analysed the competitive landscape of the market with some of the key players being 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., etc.
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