The North American Motion Sensor market is expected to reach $1,998.6 million by 2018 - New Report by MicroMarket Monitor
(PRWEB) October 01, 2014 -- The North American Motion Sensor market was valued at $788.8 million in 2013, and is expected to reach $1,998.6 million by 2018, at a CAGR of 20.4% from 2013 to 2018.
Browse through the TOC of the North American Motion Sensor market report, to get an idea of the in-depth analysis provided. This also provides a glimpse of the segmentation of the market, and is supported by various tables and figures.
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Motion sensors are specially programmed components that help to sense or detect movement and provide a certain response as a signal or a physical condition. It can be seen as a replacement for the traditional micro-electro-mechanical system (MEMS) sensors. Motion sensors technology is in great demand with motion sensors enabled products such as smartphones & tablets. Consumer electronic are the ones that contribute maximum growth to the motion sensors market because it finds many motion sensor enabled applications in consumer electronics, of which location based services are given more significance such as mobile phones, tablets, gaming consoles, laptops, and cameras. As a result, a majority of the consumer electronic device manufacturers tend to integrate these sensors to enhance their value proposition.
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North America is the most technologically advanced application markets, due to the presence of prominent suppliers, large semiconductor companies, and motion sensor manufacturers. The size of the region, the affluence of its consumers, and the competitiveness of the original equipment manufacturers (OEMs) makes North America an attractive market for motion sensor manufacturers. Countries contributing towards North American motion sensor market are the U.S., Canada, and Mexico. The U.S. dominates the market due to the presence of a large number of motion sensor manufacturers, such as, ARC Advisory Group (U.S.), Machine Automation, Inc. (U.S.), Qualtré, Inc. (U.S.), and Magnetic Sensors Corporation (U.S.).
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This market is segmented and forecast based on types, end-users, and products. The market in terms of type comprises only Hybrid Motion Sensor. On the basis of end-users, the market is segmented into Automotive, Consumer Electronics, Industrial Manufacturing, Military, and Other Endusers. The market is further segmented and forecast based on products, Accelerometer, Digital compass, Gyroscope, and Motion sensor combos.
This report includes market share and value chain analysis, along with market metrics, such as drivers and restraints. In addition, it presents a competitive landscape and company profiles of the key players in this market.
Related Reports :
Latin America Motion sensor Market
Motion sensing technology is in huge demand at the customers’ base, and the technology has been economically not accessible since many years. Motion sensing technology is an emerging one that is revolutionizing the way equipment’s interact with human, and the other machines in the form of detection, not only in business and infotainment applications but also in day-to-day activities in homes.
Different technologies are specifically used for different applications based on the features and performance of motion sensing technologies. The market is now on the rise due to increase in the use of motion sensor enabled smart phones, tablets, medical equipment’s, military & aerospace devices, and industrial machinery.
The Latin America motion sensor market was $56.46 million in 2013 and is expected to grow from $72.30 million to $200.84 million by 2018, at a CAGR of 29.10% from 2014 to 2018. North America and Europe are reaching the maturity stage whereas APAC and ROW both are considered as a high growth markets.
The segmentation of the market is based on product, technology, application, and MEMS accelerometer. The market is segmented into four broad categories in terms of product such as MEMS accelerometer, MEMS gyroscopes, digital compass, and combos sensor. The market segmentation on the basis of types of technologies includes passive infrared sensors, ultrasonic sensor, microwave sensor, tomographic sensor, and dual technology sensor. In terms of applications, the market includes consumer electronics, automotive, industrial & healthcare, and aerospace & defense. The motion sensors products are broadly utilized for airbag deployment in cars and in consumer electronics applications like smartphones. There is huge demand for high-end MEMS accelerometers in industrial, aerospace & defense applications such as oil exploration, structural health monitoring for bridges, and inertial measurement units for navigation. To meet challenges and expand the market share, MEMS designed companies are adopting new design methodologies that will replace costly, time-consuming build-and-test and customized, and internally developed design tools. The MEMS accelerometer market will show very nice business opportunities in the coming years. Moreover, this market will be strategic because many applications are expected to rely on 3-axis accelerometer along with 3-axis gyroscope in a single package within 2015. There is thus, a strong synergy between accelerometer and gyroscope technologies and players.
http://www.micromarketmonitor.com/market/latin-america-motion-sensor-4736767043.html
Asia-Pacific Motion sensor Market
Motion sensing technology is in huge demand at the customers’ base, and the technology has been economically inaccessible since many years. Motion sensing technology is an emerging one that is revolutionizing the way equipment’s interact with humans.
Different technologies are specifically used for different applications based on the features and performances of motion sensing technologies. The market is now on the rise due to increase in the use of motion sensor enabled smart phones, tablets, medical equipment’s, military & aerospace devices, and industrial machineries.
The APAC motion sensor market was $681.80 million in 2013 and is expected to grow from $834.00 million in 2014 to $1,904.17 million by 2018, at a CAGR of 22.92%. North America and Europe are reaching the maturity stage whereas APAC and ROW both are considered as a high growth markets.
http://www.micromarketmonitor.com/market/asia-pacific-motion-sensor-4211143880.html
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