Global Motion Sensor Market is Expected to Reach US$ 9.26 Bn with CAGR 12.93% during 2018 to 2023 - Reuters

 

Global Motion Sensor Market is Expected to Reach US$ 9.26 Bn with CAGR 12.93% during 2018 to 2023

Global Motion Sensor Market is Expected to Reach US$ 9.26 Bn with CAGR 12.93% during 2018 to 2023

Fri Mar 15, 2019 - 10:00am UTC

The global Motion sensor market was valued at US$ 5.04 Bn in 2018 and is expected to reach US$ 9.26 Bn by the end of the forecast period, growing at a CAGR of 12.93% during the period from 2018 to 2023.

Dublin, United States – March 15, 2019

The worldwide motion sensors market is predicted to witness a significant growth, owing to the growing applications in several industry sectors. The market was evaluated to be around $5.04 billion in 2018 and is predicted to reach around $9.26 billion by 2023 with a CAGR of 12.93%.

Due to technological enhancements in the previous decade, significant size reduction of motion sensor has taken place, which has led to huge market growth. The penetration and size reduction of MEMS technology into the industry of motion sensors have promoted its applications in the field of automotive, consumer electronics, healthcare, aerospace & defence, and many more. In industries like automotive, mobile devices, and healthcare, where there is an increasing requirement for minor form factor for sensors with enhanced performance, MEMS-based sensors have shown to be the precise solution.

Another important component propelling the motion sensors market is the growing requirement for accelerometers (type of sensor) in the consumer electronics segment. Motion sensors have been a vital factor in consumer goods for a long period, while new enhancements and developments have also made them energy-efficient and cost-efficient. Sensors like gyroscope, accelerometers, and magnetometers are used in tablets, smartphones, and notebook computers. In advanced aerial drones and remote-controlled planes, sensors play a vital role.

As the implementation of motion sensors in several sectors is rising, the worldwide motion sensors market is anticipated to observe significant development in the coming years. The market size of tablets and smartphones was the largest and valued at $981.33 million in 2014 and is predicted to develop at a CAGR of 14.03% from 2015 to 2020.

Ask for a sample copy of this report at https://www.inforgrowth.com/sample-request/1402761/motion-sensor-market

Recent Developments in the Market:

Accelerometer and Gyroscope: In Feb 2019, Apple to Limit Accelerometer and Gyroscope Access in Safari on iOS 12.2. Reasons – This limitation applied by the company is for privacy of the user so as not to hinder their personal secrecy.

India: In Feb 2019, Xiaomi Mi Home Security Camera Basic has finally been launched in India and while it comes with AI motion detection, night vision, 130-degree ultra-wide-angle lens and more, its price starts from just Rs. 1,999. This motion detection security camera enhances security level at a very low price. This will assist in reducing thefts drastically.

Bosch Sensortec GmbH: In Jan 2018, Robert Bosch launched a BMA400 that consumes as little as 4μA in step-counter mode. BMA400 will be available for OEMs and distributors starting from June 2018. BMA400 is a low-power acceleration sensor for wearable and IoT applications, which saves energy and thus improves productivity.

Key Questions Answered into the Report:

What is the market value and volume of the overall market and its segments?
What are the key segments and sub-segments in the market?
Which is the largest sub-segment in each segment in the scope of the study?
What are the key drivers, restraints, opportunities, and challenges in the market and how are they expected to impact the market?
What are the attractive segments and geographies to invest in?
What is the market value and volume at the regional and the country level?
Who are the key market players and their key competitors?
Who are the key market players at different stages of the value chain?
What are the strategies for growth adopted by the key players in the market?
How does a particular company rank against its competitors with respect to revenue, profit comparison, operational efficiency, cost competitiveness, and market capitalization?
How financially strong are the key players in the market (on the basis of revenue and profit margin, market capitalization, expenditure analysis, investment analysis)?
What are the recent trends in the market? (M&A, partnerships, new product developments, expansions)

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The global Motion sensor market was valued at US$ 5.04 Bn in 2018 and is expected to reach US$ 9.26 Bn by the end of the forecast period, growing at a CAGR of 12.93% during the period from 2018 to 2023. Dublin, United States – March 15, 2019 — The worldwide motion sensors market is […]

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The global Motion sensor market was valued at US$ 5.04 Bn in 2018 and is expected to reach US$ 9.26 Bn by the end of the forecast period, growing at a CAGR of 12.93% during the period from 2018 to 2023. Dublin, United States – March 15, 2019 — The worldwide motion sensors market is […]

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