According to a new market report published by Lucintel, the future of the motion sensors market looks promising with opportunities in consumer electronics, automotive, industrial, healthcare, and aerospace & defense sectors. The global motion sensor market is expected to reach an estimated $5.7 billion by 2021 and is forecast to grow at a CAGR of 4.6% from 2016 to 2021. The major drivers of growth for this market are increasing penetration of motion sensors in smartphone and tablets, growing interactive motion gaming, and increasing safety and security features in the automotive industry.
Motion Sensors are used in variety of end use sectors, such as consumer electronics, automotive, industrial, healthcare, and aerospace & defense. Lucintel predicts that the demand for consumer electronics is likely to experience the highest growth in the forecast period, supported by increasing demand in smartphone and tablets and growth in wearable devices and in the interactive gaming market.
Within the motion sensor market, MEMS gyroscope motion sensor is expected to remain the largest market. Increasing usage of gyroscopes for image stabilization, high stability, and navigation in the consumer electronics industry is expected to spur growth for this segment over the forecast period.
Europe is expected to remain the largest region due to its higher demand for advanced feature consumer electronics, luxury vehicles, advanced healthcare facilities, and voice-controlled equipment.
Asia Pacific and Rest of the World are expected to witness good growth over the forecast period because of an increase in demand of smartphone, tablets, and wearable devices, and growth in industrial automation and robotics.
For business expansion, the report suggests innovation and new product development to reduce power consumption. The report further suggests the development of partnerships with customers to create win-win situations and development of low-cost solutions for the end user.
Emerging trends, which have a direct impact on the dynamics of the industry, include increasing penetration of motion sensors in autonomous vehicles, increasing use of motion sensors in smart homes, and interactive televisions. ST Microelectronics, Murata Manufacturing Co. Ltd., Honeywell International, Inc., Freescale Semiconductor, Ltd., Analog Devices, Inc., Microchip Technology, Inc., Invensense, Inc., Bosch Sensortec GmbH, Memsic Inc., and Kionix Inc. are among the major motion sensor suppliers.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global motion sensor market by sensor type, end use, and region and has come up with a comprehensive research report entitled “Global Motion Sensor Market 2016-2021: Trends, Forecast, and Opportunity Analysis
.” The Lucintel report serves as a spring board for growth strategy as it provides a comprehensive data and analysis on trends, key drivers, and directions. The study includes a forecast for the motion sensor market by sensor type, end use, and region as follows:
By End use [Volume (Million Units) and $M shipment analysis from 2010 to 2021]:
· Consumer Electronics
· Aerospace & defense
By Sensor type [Volume (Million Units) and $M shipment analysis from 2010 to 2021]:
· MEMS Accelerometer
· MEMS Gyroscope
· MEMS Magnetometer
· MEMS Combo
· Infrared Sensor
· Ultrasonic Sensor
· Microwave Sensor
By region [Volume (Million Units) and $M shipment analysis from 2010 to 2021]:
· North America
· Asia Pacific
· Rest of World
This 160-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or firstname.lastname@example.org. Lucintel offerings include Telecommunication Report
, Telecommunication Market Report
, Opportunity Screening and Analysis
, Capital Investment Feasibility
and SWOT Matrix
Lucintel, the premier global Management Consulting
and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, Growth Consulting
, M&A, and Due diligence
services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com. This report answers following 11 key questions:
Q.1 What are some of the most promising potential, high-growth opportunities for global motion sensor market by end use industry (consumer electronics, automotive, industrial, healthcare, aerospace & defense, and others), sensor type (MEMS accelerometer, MEMS gyroscopes, MEMS magnetometer, MEMS combo, infrared sensor, ultrasonic sensor, microwave sensor, and others), and regions (North America, Europe, Asia Pacific, and the Rest of the World)?
Q. 2 Which segments will grow at a faster pace and why?
Q.3 Which regions will grow at a faster pace and why?
Q.4 What are the key factors affecting market dynamics? What are the drivers and challenges of the market?
Q.5 What are the business risks and threats to the market?
Q.6 What are emerging trends in this market and reasons behind them?
Q.7 What are some changing demands of customers in the market?
Q.8 What are the new developments in the market? Which companies are leading these developments?
Q.9 Who are the major players in this market? What strategic initiatives are being implemented by key players for business growth?
Q.10 What are some of the competitive products and processes in this area and how big of a threat do they pose for loss of market share via materials / product substitution?
Q.11 What M&A activities have occurred in the last 5 years?