The motion sensor market is expected to grow from USD 5.7 billion in 2019 to USD 9.3 billion by 2025, at a CAGR of 8.3%. The market is mainly driven by factors such as huge demand for consumer electronic applications; stringent government regulations for automotive; use of MEMS technology in motion sensors; growing adoption of automation; rising demand from emerging economies; and increasing expenditure in defense.
The motion sensor market is highly competitive with the presence of numerous big and small players. The market is dominated by the companies in APAC, followed by those in Europe and North America. As of 2018, the motion sensor market was dominated by STMicroelectronics (Switzerland), Murata Manufacturing (Japan), Honeywell International (Japan), NXP Semiconductor (Japan), and Analog Devices (US). While the big players dominate the market through their brand image, small players offer low-cost components and generate pricing pressure in the market. As of 2018, other motion sensor players were Microchip Technology (US), TDK InvenSense (US), Bosch Sensortec (Germany), Memsic (US), Kionix (US), TE Connectivity (Switzerland), IFM Electronic (US), Sensata Technologies (US), Xsens Technologies (Netherlands), Colibrys (Switzerland), Seiko Epson (Japan), KVH Industries (US), InnaLabs (Ireland), Qualtre (US), and Panasonic Electric Works (Germany).
Players in the motion sensor market have adopted the strategies of product launches, acquisitions, expansions, collaborations, and partnerships to increase their geographic reach, enhance and diversify their product portfolio, cater to the unmet and growing needs of customers, expand sales and distribution networks, reduce manufacturing costs, increase market share, and strengthen their position in the global market.
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Top 2 players in motion sensor market:
STMicroelectronics (Switzerland) engages in designing, developing, manufacturing, and marketing semiconductor chips for the semiconductor industry and different products including discrete and standard commodity components, application-specific integrated circuits, full custom devices and semi-custom devices for analog, digital and mixed-signal applications. STMicroelectronics operates through Automotive and Discrete Group (ADG); Analog, MEMS and Sensors Group (AMS); and Microcontrollers and Digital ICs Group (MDG) business segments. The Automotive and Discrete Group segment comprises all dedicated automotive ICs, and discrete and power transistor products. The Analog and MEMS Group segment comprises low-power high-end analog ICs, smart power products for industrial, computer and consumer markets, touch screen controllers, low-power connectivity solutions and metering solutions for smart grid and all MEMS products. The Microcontrollers and Digital ICs Group segment comprises general purpose and secure microcontrollers, EEPROM memories, and digital ASICs.
Murata Manufacturing (Japan) engages in the research, development, manufacture, and sale of electronic components and related products worldwide. Murata Manufacturing operates through segments—Components, Modules, and Others. The Components division offers capacitors and piezoelectric products. The Modules segment provides communication modules and power supplies. The Others segment handles employee welfare, staffing, education and training, and facility maintenance services, including operational software for affiliates. Murata's wireless power module provides wireless charging for various products, including smartphones, portable music players, digital camera, tablets, and others. The company's capacitive coupling wireless power modules can provide handy charging applications at home, offices, or at public venues. The remaining segment consists of machinery manufacturing, welfare services, personnel services, education and training services, sales of software, circuit modules, EMI suppression filters, and inductor (coils) sensors.
Motion Sensor Market by Motion Technology (IR, Ultrasonic, Microwave, Dual Technology, & Tomographic), Application (Consumer Electronics, Automotive, Aerospace & Defense, Healthcare, & Industrial), and Geography - Global Forecast to 2025
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