According to a recent report published by IndustryARC, the global motion sensors market generated $3.74 billion in revenue in 2018 owing to the large-scale application of motion sensors in offices, hotels, shopping malls, hospital facilities, and many more. Motion sensors are primarily used for smoke detection and fire and burglar alarms, capturing pictures through security or photography camera, burglar alarms, and automatic lighting systems. The motion sensors market is projected to grow at a CAGR of 7.29% through 2025.
The report is titled “Motion Sensor Market: By Sensor Type (Ultrasonic, Infra-red (IR), Microwave (MRW), Tomographic, Others), By Technology, By Application, & By Geography – Forecast (2019 - 2025).” about it provides an analysis of the market scenario, strategic analysis and competitive scenario, and scope for companies in the global market.
Global Motion Sensors Market: Leading Segments:
APAC is a huge market for motion sensors owing to the rising population, and high purchasing power of people. The region is also home to several key companies in the motion sensors amrket. APAC held 30.87% share of the global market in 2018. This huge contribution is led by various companies who deal with motion sensor products, which include Panasonic PIR sensors and smart lighting systems, Sony CCTV, CP Plus security systems, and so on. The major demand pull comes from the consumer electronics segment and this segment is evaluated to grow at a considerable CAGR of 8.74% during the forecast period 2019--2025.
Some of the major players in the global motion sensors market include Microchip Technology Inc., InvenSense Inc., Honeywell International Inc., Murata Manufacturing Co. Ltd., and Robert Bosch GmbH.
Robert Bosch GmbH is a market leader in manufacturing various technologically innovative products with automotive functionality and also offers other services and solutions. It also manufactures several end products such as intrusion alarm systems, panic buttons, smoke detectors, PIR sensors, and many more.
Global Motion Sensors Market: Disruptive Trends and Growth Drivers:
· The growing burglary and crime cases pose serious threats to people and property, ultimately increasing the demand for motion sensors.
· Increasing preference for security systems and automatic door systems in modern buildings also majorly boosts the global motion sensors market growth.
· Additionally, smart motion sensors incorporated into lighting systems enhance the aesthetic look of any indoor or outdoor decoration, which is why it is gaining huge customer demand.
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8. Product Developments 18. Current & Future Market Landscape Analysis
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10. Patent Analysis 20. Revenue and Volume Analysis
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