NEW YORK, Dec. 12, 2016 /PRNewswire/ -- Opportunities identified by end use type (consumer electronics, automotive, industrial, healthcare, aerospace & defense, others), by sensor type (MEMS accelerometer, MEMS gyroscope, MEMS magnetometer, MEMS combo, infrared sensor, ultrasonic sensor, microwave sensor, others), by region (North America, Europe, Asia Pacific, Rest of the World)
The future of the motion sensors market looks promising with opportunities in consumer electronics, automotive, industrial, healthcare, and aerospace & defense sectors. The global motion sensor market is expected to reach an estimated $5.7 billion by 2021 and is forecast to grow at a CAGR of 4.6% from 2016 to 2021. The major drivers of growth for this market are increasing penetration of motion sensors in smartphone and tablets, growing interactive motion gaming, and increasing safety and security features in the automotive industry.
Emerging trends, which have a direct impact on the dynamics of the industry, include increasing penetration of motion sensors in autonomous vehicles, increasing use of motion sensors in smart homes, and interactive televisions.
A total of 106 figures / charts and 34 tables are provided in this 129-page report to help in your business decisions. Sample figures with some insights are shown below. To learn the scope of, benefits, companies researched and other details of this report, download the report brochure.
The study includes a forecast for the motion sensor market by sensor type, end use, and region as follows:
By End use [Volume (Million Units) and $M shipment analysis from 2010 to 2021]:
- Consumer Electronics
- Automotive Industrial
- Aerospace & defense
By Sensor type [Volume (Million Units) and $M shipment analysis from 2010 to 2021]:
- MEMS Accelerometer
- MEMS Gyroscope
- MEMS Magnetometer
- MEMS Combo
- Infrared Sensor
- Ultrasonic Sensor
- Microwave Sensor
By region [Volume (Million Units) and $M shipment analysis from 2010 to 2021]:
- North America
- Asia Pacific
- Rest of World
ST Microelectronics, Murata Manufacturing Co. Ltd., Honeywell International, Inc., Freescale Semiconductor, Ltd., Analog Devices, Inc., Microchip Technology, Inc., Invensense, Inc., Bosch Sensortec GmbH, Memsic Inc., and Kionix Inc. are among the major motion sensor suppliers.
Lucintel predicts that the demand for consumer electronics is likely to experience the highest growth in the forecast period, supported by increasing demand in smartphone and tablets and growth in wearable devices and in the interactive gaming market.
Within the motion sensor market, MEMS gyroscope motion sensor is expected to remain the largest market.
Europe is expected to remain the largest region due to its higher demand for advanced feature consumer electronics, luxury vehicles, advanced healthcare facilities, and voice-controlled equipment.
This report answers following 11 key questions:
Q.1 What are some of the most promising potential, high-growth opportunities for global motion sensor market by end use industry (consumer electronics, automotive, industrial, healthcare, aerospace & defense, and others), sensor type (MEMS accelerometer, MEMS gyroscopes, MEMS magnetometer, MEMS combo, infrared sensor, ultrasonic sensor, microwave sensor, and others), and regions (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2 Which segments will grow at a faster pace and why?
Q.3 Which regions will grow at a faster pace and why?
Q.4 What are the key factors affecting market dynamics? What are the drivers and challenges of the market?
Q.5 What are the business risks and threats to the market?
Q.6 What are emerging trends in this market and reasons behind them?
Q.7 What are some changing demands of customers in the market?
Q.8 What are the new developments in the market? Which companies are leading these developments?
Q.9 Who are the major players in this market? What strategic initiatives are being implemented by key players for business growth?
Q.10 What are some of the competitive products and processes in this area and how big of a threat do they pose for loss of market share via materials / product substitution?
Q.11 What M&A activities have occurred in the last 5 years?
Lucintel has been in the business of market research and management consulting since 2000 and has published over 600 market intelligence reports in various markets / applications and served over 1,000 clients worldwide. This study is a culmination of four months of full-time effort performed by Lucintel's analyst team.
The analysts used the following sources for the creation and completion of this valuable report:
- In-depth interviews of the major players in this market
- Detailed secondary research from competitors' financial statements and published data
- Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
- A compilation of the experiences, judgments, and insights of Lucintel's professionals, who have analyzed and tracked this market over the years.
Extensive research and interviews are conducted in the supply chain of this market to estimate market share, market size, trends, drivers, challenges, and forecasts in the market. Some of the raw material suppliers in global skincare product industry are ROHM Semiconductor, Wafer World Inc., NOVA and others. Some of the motion sensor manufacturers in this market are ST Microelectronics, Murata Manufacturing Co. Ltd., Honeywell International, Inc., Freescale Semiconductor, Ltd., and others.
Thus, Lucintel compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. Lucintel then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process.
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