Motion Sensor Market: Rapidly Evolving Industry…… COVID-19….
The global motion
sensor market size is expected
to reach USD 8.7 billion by 2025,
registering a CAGR of 7.8% from 2019 to
2025, according to a new report by Grand View Research, Inc. Increasing
adoption of motion sensors in robotics and gaming applications such as
joystick, Augmented Reality (AR) devices, and other gaming accessories have
influenced the use of sensing techniques. Significant opportunities in the
consumer electronics segment are likely to enhance market growth. For instance,
trends in wearable devices have resulted in enormous demand for their variants.
The recent COVID-19 pandemic that has been
ravaging numerous countries across the globe has adversely affected the overall
sensor, control, and automation industry. While the capital investments in the
automation sector have been lethargic before the pandemic, they are expected to
be put on hold or postponed for at least a year. However, the recent standstill
in industrial manufacturing and production is anticipated to act as a wake-up
call for the manufacturing sector on its reliance on human labor. This, in
turn, is expected to highlight the advantages of robotics and automation
helping a greater adoption in the post-pandemic period. As IoT, industrial
automation, and digitalization are expected to become increasingly relevant to
post-pandemic Tier 1 manufacturers, it may eventually turn into an opportunity
especially in evolving supply chains. The report will account for Covid19 as a
key market contributor.
Augmented Reality (AR) and Virtual
Reality (VR) are becoming increasingly popular trends in the realm of consumer
electronics.AR/VR applications are now a key battleground for smartphones as
well as wearable devices such as smart glasses, VR gloves, VR motion chairs,
and Head-mounted Displays (HMDs).Motion sensing is a key ingredient in the
portable designs built around AR and VR applications. In the past five years, the
number of VR users has risen to 150+ million in 2018, from 1 million in 2014.
These applications are expected to provide lucrative opportunities to market
players. Inertial measurement units (IMU) that use a combination of
accelerometer, gyroscope, and magnetometer ensure the stability in environments
with high movement fluctuations often encountered in HMDs and AR applications
such as smart glasses. Increasing demand for IMUs is expected to drive the
market over the forecast period.
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Under the AR/VR domain, these sensors
are widely used in gaming applications. A motion gaming system, also called a
motion-controlled gaming system, is one that allows players to interact with
the system through body movements. In recent years, there has been a
significant rise in demand for interactive video games. Growing demand for
interactive games can be attributed to rise in penetration of smartphones and
wearables, which provides a lucrative opportunity to manufacturers in the
consumer electronics end-use industry.
Further key findings from the report suggest:
·
Growing emphasis of leading
technology companies on increasing awareness regarding these sensors in Asia
Pacific is a key trend. Intel Corporation recently exhibited advanced
applications of motion sensors at the CES Asia – a trade fair organized by
Consumer Technology Association (CTA)
·
The microwave segment is
expected to grow significantly in the next few years owing to their ability to
operate in the K-band frequency range, which makes them resistant to
interference from external radar sources
·
The healthcare segment is
expected to gain traction as a result of growing demand for wireless body area
networks and smart pill boxes that incorporate motion sensors
·
Asia Pacific is expected grow
significantly over the forecast period owing to increasing product adoption for
detection and prediction of earthquakes and tsunamis in countries such as
Indonesia and Japan
·
Key players in the motion
sensor market are HILLCREST LABS; Honeywell International Inc.; Kionix, Inc.;
Murata Manufacturing Co., Ltd.; NXP Semiconductors; Robert Bosch GmbH;
SENSINOVA; STMicroelectronics; TE Connectivity Ltd.; and TDK Corporation.
The global motion sensor market size
was valued at USD 5.2 billion in 2018, registering a CAGR of 7.8% from 2019 to
2025. The onset of the development of smart homes and rise in the number of
household applications such as automated lighting control and home control is
anticipated to propel the market. In addition, proliferation of smartphones,
wearable devices, and tablets is likely to supplement market developments in
the near future. The growing use of robotics employed for household and
commercial applications that incorporate motion sensors and sensing
technologies are further expected to impel market growth.
The extensive use of
Micro-electro-mechanical Systems (MEMS) technology has resulted in
miniaturization of motion sensors and this bodes well for the market.
Increasing adoption of MEMS-based motion sensors can be attributed to need for
detection and prediction of natural calamities such as tsunamis, earthquakes,
and volcanic eruptions. For instance, the State of California has deployed an
earthquake early warning system that uses motion sensors installed across the
state for the detection of earthquakes. In addition, the widespread usage of
motion sensors in noise, vibration, and harshness indicators as well as step
and distance counters for smartwatches has increased product demand.
The
market is in its nascent stage and over the coming years it is anticipated to
replace manually controlled devices to a large extent. For instance,
battery-operated remote controls are now being replaced by gestures and
movements without any physical need for devices. In 2018, Intel Corporation
developed an advanced form of motion sensing technology that enables TVs to
adjust volume and change channels as per a user’s gestures. The major interests
of manufacturers vests in driving the demand for advanced generation of
processors and semiconductors through innovation.
One
of the major factors driving the market is rise in the number of regulations
and standards of lighting implemented by various public safety agencies with a
focus on reducing electricity consumption for lights. For instance, the
American Society of Heating, Refrigerating and Air-Conditioning Engineers
(ASHRAE) and the International Code Council have developed the 90.1-10 and
International Energy Conservation Code (IECC) energy codes respectively, for
new or renovated buildings to minimize energy consumption. In U.S., the
International Energy Conservation Code (IECC 2012) mandates the use of motion
sensors in classrooms, conference rooms, break rooms, private offices,
restrooms, storage rooms, janitorial closets, and all spaces 300 sq. ft. or
less. These standards are driving the demand for motion sensors.
Browse Press
Release of this report:
Grand View Research has segmented the
global motion sensor market based on technology, application:
Motion Sensor Technology Outlook (Volume, Thousand Units;
Revenue, USD Million, 2014 - 2025)
·
Infrared
·
Ultrasonic
·
Microwave
·
Dual Technology
·
Tomographic
·
Others
Motion Sensor Application Outlook (Volume, Thousand
Units; Revenue, USD Million, 2014 - 2025)
·
Consumer Electronics
·
Automotive
·
Aerospace & Defense
·
Healthcare
·
Industrial
·
Others
About Grand View Research
Grand View Research, Inc. is a U.S.
based market research and consulting company, registered in the State of California
and headquartered in San Francisco. The company provides syndicated research
reports, customized research reports, and consulting services. To help clients
make informed business decisions, we offer market intelligence studies ensuring
relevant and fact-based research across a range of industries, from technology
to chemicals, materials and healthcare.
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