The motion sensor market is estimated to grow at a CAGR 6% during the forecast period 2021-2026. The growth of market is driven by factors such as high demand for consumer electronics, lucrative opportunities in developing countries, and increased defense spending to upgrade related products. Rising adoption of wearable electronics and increasing requirement to commercialize IoT are a few major factors that are expected to provide growth opportunities to players in the motion sensor market.
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The motion sensor market in RoW is expected to grow at the highest during the forecast period. This growth can be attributed to the increasing demand for consumer electronic devices and premium automobiles. The market in Europe is expected to hold for the largest share of the overall market during the forecast period. Europe is emerging as the manufacturing hub for low-end applications, such as automotive and consumer electronics, which are also the major contributors to market.

Key Market Players include STMicroelectronics (Switzerland), Murata Manufacturing (Japan), Honeywell International (Japan), NXP Semiconductors (Japan), Analog Devices (US), 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).

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