Press Release

Global Motion Sensor Market to Grow at a CAGR of 8% During 2024-2032, Aided by Rising Technological Advancements

Global Motion Sensor Market

According to a new report by EMR titled, ‘Global Motion Sensor Market Report and Forecast 2024-2032’, the global motion sensor market is projected to attain nearly USD 14.29 billion by 2032, growing at a CAGR of 8% over the forecast period of 2024-2032.

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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Market Analysis by Motion Technology, Application, and Region:

  • The market, on the basis of motion technology, can be divided into infrared, ultrasonic, microwave, dual technology, and tomographic, among others.
  • Based on application, the market can be divided into consumer electronics, automotive, aerospace and defence, healthcare, and industrial, among others.
  • The major regional markets for motion sensor include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

 

Key Findings of the Report:

  • Increasing safety and security concerns across various environments, including houses and industries, are catering to the greater adoption of motion sensors.
  • The growing technological advancements such as IoT are supporting the motion sensor market expansion.
  • The rising importance of personal health and wellness is increasing the adoption of wearable motion sensors to track an individual’s health.
  • Rising disposable incomes and urbanisation are catering to the adoption of smart homes. Automated systems in residential properties make use of motion sensors to control lighting, temperature, and security.

 

Key Offerings of the Report:

  • The EMR report gives an overview of the global motion sensor market for the periods (2018-2023) and (2024-2032).
  • The report also offers the historical (2018-2023) and forecast (2024-2032) markets for motion technologies, applications, and major regions of motion sensor.
  • The report analyses the market dynamics, covering the key demand and price indicators in the market, along with an assessment of the SWOT and Porter’s Five Forces models.

 

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.

 

Key Highlights of the Report

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:

  • Motion Technology
  • Application
  • Region
Breakup by Motion Technology
  • Infrared
  • Ultrasonic
  • Microwave
  • Dual Technology
  • Tomographic
  • Others
Breakup by Application
  • Consumer Electronics
  • Automotive
  • Aerospace and Defense
  • Healthcare
  • Industrial
  • Others
Breakup by Region
  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa
Market Dynamics
  • SWOT Analysis
  • Porter's Five Forces Analysis
  • Key Indicators for Demand
  • Key Indicators for Price
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • 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.
  • MEMSIC Semiconductor (Tianjin) Co., Ltd.
  • Others

 

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