Press Release
Press Release
The integration of motion sensors has become pervasive in modern technology landscapes, extending across platforms such as smartphones and home security systems. The motion sensor market growth can be attributed to advancements in technology, that have facilitated the development of tracking systems which can detect and monitor movement across diverse environments and applications.
IoT motion sensors are being increasingly adopted in smart home systems to turn on the lights when individuals enter a room, or to trigger an alarm if movement is detected when the house is empty. IoT motion sensors can be also used in remote or hard-to-reach locations and transfer data to a central hub, cloud server, or app. The adoption of motion sensors helps in reducing the excessive use of electricity, further lowering the expenditure on electricity.
Furthermore, rising concerns regarding health and wellness are increasing the use of wearable motion sensors. The increasing adoption of wearable motion sensors is enhancing user experience in the health and fitness sector. These sensors track an individual's physical activities such as walking, running, and cycling, contributing to a more comprehensive understanding of their well-being.
In July 2023, STMicroelectronics N.V (NYSE: STM), a globally renowned semiconductor company, announced the launch of a novel human-presence and motion detector for improving security systems, home-automation equipment, and IoT devices that make use of passive infrared (PIR) sensing. Such product launches are favouring the market growth of motion sensor.
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The major players in the global motion sensor market are ST Microelectronics N.V, Murata Manufacturing Co., Ltd., Honeywell International Inc., NXP Semiconductors N.V, Analog Devices Inc. Microchip Technology Inc., InvenSense, Inc., Bosch Sensortec GmbH, KIONIX, Inc., and MEMSIC Semiconductor (Tianjin) Co., Ltd, among others.
The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.
REPORT FEATURES | DETAILS |
Base Year | 2023 |
Historical Period | 2018-2023 |
Forecast Period | 2024-2032 |
Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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Breakup by Motion Technology |
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Breakup by Application |
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Breakup by Region |
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Market Dynamics |
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Competitive Landscape |
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Companies Covered |
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