The global motion sensor market is expected to witness a CAGR of 7.41% during the forecast period. The global motion sensors market is growing rapidly owing to the increasing investment in automation across different industry verticals.

Moreover, the motion sensors market is witnessing substantial growth owing to the rising demand for smartphones and wearable devices in the emerging economies due to the rising disposable income and enhancement in the standard of living which lead to the increase in the demand for electronic devices in these economies. Furthermore, burgeoning investment in home automation and smart homes and investment by the government in building smart cities will provide promising opportunities for the manufacturers over the forecast period.

The industry players are investing in R&D and are launching new and enhanced sensor technologies along with the rising participation by various manufacturers for the development of technologically advanced products in different industry verticals such as automotive and consumer electronics during the forecast period.

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The COVID-19 pandemic has severely affected the global sensor and control industry. The need for house security has increased resulting in a gradual rise in the motion sensors industry. The increasing robotics and automation market will have a positive impact on the motion sensors industry.

Motion sensors are used in the automotive sector owing to the development of ADAS, airbag deployment systems, and hybrid and electric vehicles. The advancement of driverless cars plays an important role in the growth of the motion sensor market as these cars use technology such as LiDAR that uses light detection and ranging motion detection & protection while driving.

The Asia Pacific region is expected to become the fastest-growing motion sensor market during the forecast period due to the development of technologies such as the Internet of Things and wireless sensor networks which has led to the innovative concept of smart homes and robotic kitchens, thus driving the demand for the motion sensor. Countries such as China and Japan are manufacturing and assembly centers in the consumer electronics field, such as Samsung and Sony, which will promote the growth of the motion sensor market in the region.

Some of the major players in the global motion sensor market include Honeywell International Inc., Murata Manufacturing Co., Ltd., KIONIX, Inc., NXP Semiconductors, STM icroelectronics, TE Connectivity, Sensata Technologies, Inc., MEMSIC Semiconductor (Tianjin) Co., Ltd., Bosch Sensortech GmbH, and KVH Industries, Inc.

Source: VynZ Research