Motion sensors are specially programmed components that help to sense or detect movement and provide a certain response as a signal or a physical condition. It can be seen as a replacement for the traditional micro-electro-mechanical system (MEMS) sensors. Motion sensors technology is in great demand with motion sensors enabled products, such as smartphones & tablets.
The motion sensor market was valued at $685.2 million in 2013, and is expected to reach $1,906.3 million by 2018, at a CAGR of 22.7 per cent from 2013 to 2018.
The consumer electronic industries are the one that contribute maximum growth to this market as it finds many motion sensor enabled applications, of which location based services are given more significance, such as mobile phones, tablets, gaming consoles, laptops, and cameras. As a result, a majority of the consumer electronic device manufacturers tend to integrate these sensors to enhance their value proposition.
Asia-Pacific is an emerging market for motion sensor because a large number of top corporate buyers in this region use motion sensor in their products and machines. Countries contributing towards Asia-Pacific motion sensor market are India, China, and Japan. China dominates the market due to the presence of market leaders such as Samsung, Huawei, ZTE, Lenovo, and Coolpad, who use motion sensor as a component for their product.
This market is segmented and forecast based on types, end-users, and products. The market in terms of type comprises only Hybrid Motion Sensor. On the basis of end-users, the market is segmented into Automotive, Consumer Electronics, Industrial Manufacturing, Military, and Other End-users. The market is further segmented and forecast based on products, Accelerometer, Digital compass, Gyroscope, and Motion sensor combos.
Motion sensing technology is in huge demand at the customer’s base, as the technology has been economically inaccessible since many years. Motion sensing technology is an emerging one that is revolutionising the way equipments interact with humans.
Different technologies are specifically used for different applications based on the features and performances of motion sensing technologies. The market is now on the rise due to increase in the use of motion sensor enabled smart phones, tablets, medical equipments, military & aerospace devices, and industrial machinery.
The North American motion sensor market was valued $784.90 million in 2013 and is expected to grow from $935.50 million in 2014 to $1,996.52 million by 2018, at an estimated CAGR of 20.87 per cent from 2014 to 2018. North America and Europe are reaching the maturity stage whereas; both APAC and ROW are considered as high growth markets.
The European motion sensor market was valued $989.90 million in 2013 and is expected to grow from $1,215.00 million in 2014 to $2,749.34 million by 2018, at an estimated CAGR of 22.65% from 2014 to 2018. North America and Europe are reaching the maturity stage whereas APAC and ROW both are considered as a high growth markets.
The report includes market share and value chain analysis, along with market metrics such as drivers and restraints. In addition, it presents a competitive landscape and company profiles of the key players in this market.
