Knowledge Sourcing Intelligence announces the publication of a new report on “Motion Sensor Market - Forecasts from 2019 to 2024" to their offering.

A motion sensor, also known as a motion detector is vital to the security system and assists in the detection of people. The sensor makes use of multiple technologies for detecting movement in an area and in case of any detection, the signal is sent directly to the security system’s control panel alerting the monitoring center regarding the potential threat.

This report provides forecast and analysis of the Motion sensor market which is estimated to hold a market value of US$6,643.739 million by the end of 2024 with an impressive CAGR of 7.78%. The market for motion sensors is expected to fuel during the forecast period owing to wide usage across various industry vertical which includes consumer electronics, healthcare, and automotive industry among others. Growing expenditure on research and development for the launch of innovative motion sensor products is driving the market growth in the forecast period. Additionally, an increase in the adoption of motion technology by the gaming industry is further boosting the market growth in the forecast period and in the coming years. On the basis of geography, North America followed by Europe is projected to hold a significant market share during the forecast period owing to the early technology adoption. On the other hand, the Asia Pacific region will witness substantial growth in the upcoming years due to the favorable government policies encouraging the manufacturing industry with the growing demand for motion detectors for security and surveillance purposes.

Some of the major players covered as part of the report are Honeywell International Inc., Microchip Technology Inc., and Texas Instruments Incorporated among others.

This report segmented the motion sensor market on the basis following terms:

• By Technology
o Infrared
o Ultrasonic
o Microwave
o Tomographic
o Dual Technology
o Vibration

• By Industry Vertical
o Consumer Electronics
o Automotive
o Healthcare
o Industrial

• By Geography
o North America
 USA
 Canada
 Mexico

o South America
 Brazil
 Argentina
 Others

o Europe
 Germany
 France
 United Kingdom
 Italy
 Others

o Middle East and Africa
 Israel
 Others

o Asia Pacific
• China
• Japan
• India
• South Korea
• Others

Purchase complete report or request sample: www.knowledge-sourcing.com/report/motion-sensor-market

Knowledge Sourcing Intelligence is a market research and consulting firm based out of India. Driven by industry experts, the company provides syndicated reports, custom research, and consulting services. Our proprietary data analytics model blended with quality primary and secondary research data, assists in generating quality reports providing crucial insights to managers and decision-makers. The services offered by us help companies to gain the required competitive edge. Our expertise across 10 industries such as ICT, Chemicals, Semiconductors, Healthcare among others caters to diverse client needs.

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