The global motion sensor market was valued at $4,430.7 million in 2019, and it is predicted to reach a revenue of $7,590.8 million by 2030. According to the estimates of the market research company, P&S Intelligence, the market will progress at a CAGR of 5.1% from 2020 to 2030 (forecast period). The market is being driven by the surging demand for consumer electronics, such as smartphones, laptops, and tablets. Motion sensors are heavily used in heart rate monitors, which are used in smart wearable devices and to control the orientation of smartphone screens.

The ballooning need for smartphones and wearable devices among young individuals, particularly the millennials, is fueling the demand for motion sensors. In addition, the surging population of people across the globe is also propelling the demand for consumer electronic devices, which is, in turn, driving the expansion of the motion sensor market. Besides, the growing use of internet of things (IoT)-connected devices is also creating immense growth opportunities for the players operating in the industry.

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According to the Institute of Electrical and Electronics Engineers (IEEE), around 27 billion IoT devices were in use all over the world in 2017, and this number will surge to 125 billion by 2030. With the integration of IoT capabilities, motion sensors can easily monitor and track the physical status of a device remotely. Further, these devices can enhance several building automation applications, such as lighting and heating, ventilation, and air conditioning (HVAC) systems.

The other major motion sensor market growth driver is the booming automotive industry across the world. In this industry, motion sensors are extensively used for applications, such as airbag systems, vehicle alarm systems, and wheel alignment systems. As per the International Organization of Motor Vehicle Manufacturers (OICA), 95.1 million automobiles, including passenger and commercial vehicles, were sold all over the world in 2018, thereby registering a CAGR of 1.8% between 2014 and 2018. Furthermore, the growing deployment of electric vehicles is expected to fuel the expansion of the automotive industry.

Depending on type, the motion sensor market is divided into combo sensor, ultrasonic, infrared, accelerometer, tomographic sensor, and gyroscope categories. Out of these, the combo sensor category is predicted to demonstrate the highest growth rate in the market in the coming years. This is ascribed to the microfabrication of several types of motion sensors into a single device, which results in higher accuracy in detecting motion. Moreover, in consumer electronic devices, especially smartphones, combo sensors are heavily used wherein a single MEMS system integrates magnetometer, gyroscope, and accelerometer.

Globally, the Asia-Pacific (APAC) region contributed the highest revenue to the industry during the last few years. This was because of the high requirement for motion sensors, especially in China, on account of the country’s dominance in the worldwide manufacturing sector. China and the U.S. are the major countries in which the sales of motion sensors are skyrocketing. This is attributed to the booming automobile and consumer electronic industries in these countries. Additionally, the growing sales of smartphones are also positively impacting the industry, especially in China.

Hence, it can be safely said that the demand for motion sensors will surge sharply in the coming years, primarily because of the mushrooming sales of consumer electronics across the world.