Ove $3,000.0 Growth Predicted in Motion Sensor Market till 2030

The major reasons behind the advance of the motion sensor market are the increasing demand for consumer electronics and surging adoption of automobiles. As a result, from $4,430.7 million in 2019, the industry value will rise to $7,590.8 million by 2030, at a 5.1% CAGR during 2020–2030 (forecast period). Such instruments detect nearby motion, either as part of a measurement system or automated industrial operation, or to alert users of a possible intrusion, when embedded in a perimeter security system.

The motion sensor market is bifurcated on the basis of technology into active and passive, of which the passive bifurcation held the larger share in 2019. This is attributed to the increasing demand for microelectromechanical system (MEMS) and passive infrared (PIR) motion sensors, the former of which is widely integrated in medical devices, consumer electronics, and industrial machines. The growing demand for these products is expected to lead to the market advance of the passive bifurcation at the higher CAGR during the forecast period.

Based on application, the categories in the industry are automobile, consumer electronics, building automation, medical device, and industrial equipment. In 2019, automobile was the largest category in the motion sensor market, due to the rising sales of electric and autonomous vehicles around the world. Motion sensors better the battery performance, electronic equipment stability detection, and navigation abilities, thereby improving the autonomous driving experience. During the forecast period, the fastest growth will be witnessed by the building automation category.

With the rising air pollution, as a result of the burning of fossil fuels at power stations, the demand for green buildings, which consume only the energy they produce themselves, is surging. Further, green or net-zero energy buildings (NZEBs) are envisioned to consume less energy than conventional buildings, enabled by the integration of building management systems. In such systems, motion sensors are used to automatically switch on or off heating, ventilation, and air conditioning (HVAC) equipment and lights, by sensing the presence of people in the room.

One of the major growth drivers for the motion sensor market is the increasing demand for consumer electronics, where motion-sensing instruments are finding wider application than before. For instance, in smartphones, motion sensors track the rotation of the device to tilt the screen. With the growing population around the world, the demand for consumer electronics is rising, especially among younger people. In addition, the people of developing countries are witnessing an increase in their earnings, which is allowing them to spend more freely on consumer electronic devices.

The burgeoning adoption of the internet of things (IoT) is predicted to offer lucrative opportunities to the market players over the forecast period. As per estimates by the Institute of Electrical and Electronics (IEEE), from 27 billion in 2017, the number of IoT-connected devices in use will rise massively to 125 billion. Together with IoT, motion sensors would give people an insight into the operational status of physical devices from a long distance. Additionally, motion sensors and IoT would be used for improving the automated operations of lights and HVAC systems.

Asia-Pacific (APAC) was the most-productive motion sensor market till 2019, and it will further grow the fastest during the forecast period. This is ascribed to the increasing uptake of consumer electronics in Japan, China, Indonesia, South Korea, India, and Thailand. India is projected to witness the fastest growth in the region due to its expanding electronics market, which, according to Invest India and the India Electronics and Semiconductor Association (IESA), will reach $400 billion by 2025.

Therefore, with the growth in the automotive and consumer electronics industries and rising awareness about decreasing the usage of electricity, the sales of motion sensors will continue to surge.