Surging Smartphone Sales Driving Expansion of Motion Sensor Market

According to the Institute of Electrical and Electronics Engineers (IEEE), around 27 billion IoT devices were sold all over the world in 2017. Furthermore, the organization estimates that this number will increase to 125 million by 2030. The integration of IoT allows motion sensors to monitor the physical status of a device from a remote location.

Moreover, these devices can enhance the functioning of several building automation applications such as lighting and heating, ventilation, and air conditioning (HVAC) systems. Depending on type, the market is categorized into combo sensor, infrared (IR), tomographic sensor, ultrasonic, gyroscope, and accelerometer. Out of these, the combo sensor category contributed the highest revenue to the market in 2019.

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This is attributed to the microfabrication of various types of motion sensors into a single device, that provides greater accuracy in motion detection than the conventional sensors. These sensors are extensively incorporated in consumer electronics such as smartphones. Across the globe, the motion sensor market will exhibit the fastest growth in the Asia-Pacific (APAC) region in the forthcoming years. This will be because of the fact that the region is the largest producer and buyer of consumer electronic devices in the world.

India will be the fastest growing country in the APAC motion sensor market in the upcoming years, primarily due to the growth of the country’s electronics industry. According to Invest India and the India Electronics and Semiconductor Association (IESA), the electronic industry in India will reach $400 billion revenue by 2025. Hence, it is safe to say that the market will grow substantially in the coming years, primarily because of the surging sales of consumer electronic devices across the world.

This market research report provides a comprehensive overview of the market
  • Future potential of the market through its forecast for the period 2020– 2030
  • Major factors driving the market and their impact during the short, medium, and long terms
  • Market restraints and their impact during the short, medium, and long terms
  • Recent trends and evolving opportunities for the market participants
  • Historical and the present size of the market segments and understand their comparative future potential
  • Potential of on-demand logistics services, so the market players make informed decisions on the sales of their offerings

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