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.
Browse detailed – Motion Sensor Market Revenue Estimation and Growth Forecast Report
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.
