According to a new report, published by KBV research, The Global Motion Sensors Market size is expected to reach $13.4 billion by 2030, rising at a market growth of 8.2% CAGR during the forecast period. In the year 2022, the market attained a volume of 2,56,380.6 thousand units, experiencing a growth of 8.0% (2019-2022).
The Infrared segment is leading the Global Motion Sensors Market by Technology in 2022; thereby, achieving a market value of $4.5 billion by 2030. Infrared (IR) motion sensors have grown significantly, driven by their widespread adoption in consumer electronics. Smartphones, gaming consoles, and smart TVs often incorporate IR sensors for touchless gesture recognition and proximity sensing, contributing to the segment's expansion. Thus, these factors will lead to increased demand in the segment.
The Automotive segment is registering a CAGR of 7.8% during (2023 - 2030). The integration of motion sensors is a fundamental component of ADAS, which includes features such as adaptive cruise control, lane departure warning, automatic emergency braking, and parking assistance. Motion sensors, including accelerometers, gyroscopes, and sometimes LiDAR, provide real-time data for these systems to enhance vehicle safety and assist in driving tasks. Thus, these aspects will fuel the demand in the segment.
Full Report: https://www.kbvresearch.com/motion-sensors-market/
The Asia Pacific region dominated the Global Motion Sensors Market by Region in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $4,848.9 Million by 2030. The Europe region is experiencing a CAGR of 7.5% during (2023 - 2030). Additionally, The North America region would exhibit a CAGR of 8% during (2023 - 2030).
By Technology (Volume, Thousand Units, USD Billion, 2019-2030)
By Application (Volume, Thousand Units, USD Billion, 2019-2030)
By Geography (Volume, Thousand Units, USD Billion, 2019-2030)
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