Published: January 2020 | Report Code: SE11830 | Available Format: PDF | Pages: 162
The global motion sensor market was valued at $4,430.7 million in 2019, and it is forecasted to display a CAGR of 5.1% during the forecast period (2020–2030), reaching $7,590.8 million by 2030. Among all regions, Asia-Pacific (APAC) is projected to advance at the fastest CAGR in the motion sensor market during the forecast period. This can be mainly attributed to the high demand for motion sensors originating from China, South Korea, Indonesia, Japan, and India, primarily, due to rise in manufacturing of electronic devices and equipment, including, smartphones, tablets, gaming consoles, lighting system, building automation equipment, and electronic medical devices.
Factors Governing Motion Sensor Market
Manufacturing of microelectromechanical system (MEMS) based motion sensors has been observed as a key trend in the motion sensor market. MEMS are developed on a silicon wafer and offers an economies of scale as thousands of sensors including motion sensors can be produced in a single batch process. Accelerometer, magnetometer, and gyroscope are the major type of MEMS-based motion sensors available in the market. These MEMS are widely used in smart wearable devices, smartphones, and medical equipment.
Growing demand for consumer electronics is a major factor driving the growth of the motion sensor market, globally. Motion sensor is widely used in consumer electronics for various applications such as controlling the orientation of the screen on a smartphone, and as a heart rate monitor in smart wearable device. Rising demand for smartphones and wearable devices from young population, primarily millennials, is supporting the overall growth of consumer electronics industry. Further, as the global population increases, demand for consumer electronics is expected to increase positively year-over-year (YoY). This is projected to drive the demand for motion sensor in the coming years.
Rising adoption of internet of things (IoT) devices is a key opportunity observed in the motion sensor market. According to Institute of Electrical and Electronics (IEEE), in 2017, around 27 billion IoT devices were present globally, and this is projected to reach 125 billion units by 2030. With IoT capabilities, motion sensor could provide physical status of a device from remote location. Further, it can be also be used for improving building automation applications such as lighting system, HVAC controls, and others.
Structural Analysis of Motion Sensor Market
The passive motion sensor category in technology type held the largest share in the motion sensor market in 2019. It is expected to be the fastest-growing category during the forecast period. This could be attributed to large scale demand for passive infrared (PIR) and MEMS motion sensor. Passive MEMS motion sensor is primarily used in consumer electronics, medical devices, and industrial machineries. Since the demand for these products is projected to proliferate in the coming years, demand for motion sensors is also expected to grow during the forecast period.
In 2019, the combo sensor category held the largest share in the motion sensor market. This was attributed to microfabrication of multiple type of motion sensors into a single device, which provides more accuracy while detecting motion. In consumer electronics, primarily smartphones, combo sensors are used wherein a single MEMS system incorporates accelerometer, magnetometer, and gyroscope.
The building automation category in application type is projected to exhibit fastest CAGR in motion sensor market during the forecast period. Rising global warming has led to increase in demand for construction of green buildings. This has led to rise in demand for building automation, in order to utilize electricity efficiently and reduce carbon footprints. Motion sensor is deployed as occupancy sensor where dedicated functions such as on/off function for lighting and HVAC system is being done by leveraging the benefits of motion sensor technology.
Global Scenario of Motion Sensor Market
Globally, APAC accounted for largest share in the motion sensor market during the historical period. Also, it is expected to be the fastest-growing market during the forecast period. The region is credited as the world’s largest consumer electronics market, with demand emerging, primarily, from countries such as China, Japan, South Korea, Indonesia, Thailand, and India, which has led to a rapid rise in demand for motion sensors.
Within APAC, India is projected to exhibit fastest growth during the forecast period. This can be attributed to the rapid growth observed in the electronics industry in the country. According to India Electronics and Semiconductor Association (IESA) and Invest India, the electronics market is projected to reach $400 billion by 2025. This shows huge potential for the growth of motion sensor market players in the country. India is registering rising number of commercial projects, especially construction of offices and buildings. Additionally, increasing construction of offices and buildings, and residential buildings in the coming years as well as major upcoming sports events, are expected to generate ample opportunities for motion sensor for building automation application market during the forecast period.
Competitive Landscape of Motion Sensor Market
The motion sensor is highly fragmented and a mature market. Several major players in the market include Analog Devices Inc., Panasonic Corporation, Honeywell International Inc., Robert Bosch GmbH, STMicroelectronics N.V., and NXP Semiconductors N.V., Schneider Electric SE, Eaton Corporation plc, Murata Manufacturing Co. Ltd, Koninklijke Philips N.V., and TE Connectivity Ltd.
Changing market dynamics due to factors such as growing demand for autonomous and electric vehicles, security and surveillance systems, building automation, medical devices, and others, is projected to drive the market in the coming years. This is projected to intensify the competition among the market players during the forecast period.
Motion Sensor Market Size Breakdown by Segment
The motion sensor market report offers comprehensive market segmentation analysis along with market estimation for the period 2014–2030.
Based on Technology
Based on Type
Based on Application
Key Questions Answered in the Report
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