“Global Motion Sensors Market to reach a market value of USD 13.4 Billion by 2030 growing at a CAGR of 8.2%”
The Global Motion Sensors Market size is expected to reach $13.4 billion by 2030, rising at a market growth of 8.2% CAGR during the forecast period. In the year 2022, the market attained a volume of 2,56,380.6 thousand units, experiencing a growth of 8.0% (2019-2022).
Motion sensors, including accelerometers and gyroscopes, play a crucial role in navigation systems for aircraft and defense applications. Therefore, the aerospace and defense segment generated 13.3% revenue share in 2022. They provide essential data for determining the platforms' orientation, acceleration, and angular velocity, contributing to precise navigation and control. Therefore, the segment will witness increased growth in the coming years.
Motion sensors like accelerometers and gyroscopes enable gesture recognition in devices like smartphones and tablets. This functionality allows users to interact with their devices through gestures, such as tilting, shaking, or rotating. Motion sensors help in determining the orientation of a device in three-dimensional space.
Additionally, as per the data released by the International Trade Administration in 2023, China continues to hold its position as the worldwide leader in both annual vehicle sales and manufacturing output, and it is projected that domestic production will reach 35 million vehicles by 2025. Likewise, as per the data from the International Trade Administration, the automotive sector in Middle East and North Africa (MENA) region is currently experiencing a 36% growth rate, with Saudi Arabia emerging as the primary industry in the area. In 2020, Saudi Arabia constituted 35% of the vehicles sold in the MENA region and nearly 52% of the vehicles sold in the Gulf Cooperation Council (GCC).
However, this technology often involves purchasing hardware devices, including sensors, controllers, and associated components. Additionally, the cost of installation, wiring, and integration with existing systems can contribute to the overall initial investment. Higher-quality motion sensors, such as those with advanced features like increased accuracy, longer detection range, or multi-sensing capabilities, tend to be more expensive. Thus, these aspects can hamper the growth of the market.
The leading players in the market are competing with diverse innovative offerings to remain competitive in the market. The above illustration shows the percentage of revenue shared by some of the leading companies in the market. The leading players of the market are adopting various strategies in order to cater demand coming from the different industries. The key developmental strategies in the market are Acquisitions, and Partnerships & Collaborations.
Based on technology, the market is segmented into infrared, ultrasonic, microwave, dual technology, tomographic, and others. In 2022, the dual technology segment witnessed 19.7% revenue share in the market. Dual technology sensors typically combine two different sensing technologies, such as infrared (IR) and ultrasonic sensors. This combination can result in improved accuracy and reliability by mitigating the limitations of each technology when used alone.
On the basis of application, the market is divided into consumer electronics, aerospace & defense, healthcare, automotive, industrial, and others. The consumer electronics segment captured 34.2% revenue share in the market in 2022. The proliferation of smartphones and tablets has been a major contributor to the growth of the market.
Free Valuable Insights: Global Motion Sensors Market size to reach USD 13.4 Billion by 2030
By region, the market is segmented into North America, Europe, Asia Pacific, and LAMEA. The North America segment procured 28.8% revenue share in the market in 2022. North America has been a significant consumer of it, driven by the widespread adoption of consumer electronics. Smartphones, gaming consoles, wearables, and other electronic devices leverage it for gesture control, screen rotation, and gaming interactions.
| Report Attribute | Details |
|---|---|
| Market size value in 2022 | USD 7.2 Billion |
| Market size forecast in 2030 | USD 13.4 Billion |
| Base Year | 2022 |
| Historical Period | 2019 to 2021 |
| Forecast Period | 2023 to 2030 |
| Revenue Growth Rate | CAGR of 8.2% from 2023 to 2030 |
| Quantitative Data | Volume in Thousand Units, Revenue in USD Billion, and CAGR from 2019 to 2030 |
| Number of Pages | 332 |
| Number of Tables | 630 |
| Report coverage | Market Trends, Revenue Estimation and Forecast, Segmentation Analysis, Regional and Country Breakdown, Porter’s 5 Forces Analysis, Company Profiling, Companies Strategic Developments, SWOT Analysis, Winning Imperatives |
| Segments covered | Technology, Application, Region |
| Country scope |
|
| Companies Included | TDK Corporation, MEMSIC Semiconductor Co., Ltd. (IDG Capital Investment Consultant Beijing Co Ltd.), Bosch Sensortec, Murata Manufacturing Co., Ltd., Honeywell International, Inc., Analog Devices, Inc., Microchip Technology Incorporated, STMicroelectronics N.V., NXP Semiconductors N.V., TE Connectivity Ltd. |
By Technology (Volume, Thousand Units, USD Billion, 2019-2030)
By Application (Volume, Thousand Units, USD Billion, 2019-2030)
By Geography (Volume, Thousand Units, USD Billion, 2019-2030)
This Market size is expected to reach $13.4 billion by 2030.
Rising demand in consumer electronics are driving the Market in coming years, however, High initial cost of motion sensor technology restraints the growth of the Market.
TDK Corporation, MEMSIC Semiconductor Co., Ltd. (IDG Capital Investment Consultant Beijing Co Ltd.), Bosch Sensortec, Murata Manufacturing Co., Ltd., Honeywell International, Inc., Analog Devices, Inc., Microchip Technology Incorporated, STMicroelectronics N.V., NXP Semiconductors N.V., TE Connectivity Ltd.
In the year 2022, the market attained a volume of 2,56,380.6 thousand units, experiencing a growth of 8.0% (2019-2022).
The Infrared segment is leading the Market by Technology in 2022; there by, achieving a market value of $4.5 billion by 2030.
The Asia Pacific region dominated the Market by Region in 2022, and would continue to be a dominant market till 2030; there by, achieving a market value of $4,848.9 Million by 2030.
Our team of dedicated experts can provide you with attractive expansion opportunities for your business.
Unique Offerings 