Market Research Future published a research report on “Motion Sensor Market Trends Research Report- Forecast to 2022” – Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2022.
Market Highlights
The Motion Sensor Market Trends is predicted to grow at a healthy 7.09% CAGR between 2018- 2023, states the recent Market Research Future (MRFR) analysis. A motion controller, simply put, is the brain of a motion control system. It is widely utilized in material handling, packaging, robotics, inspection, and others in various industries such as oil and gas, semiconductor and electronics, healthcare, automotive, metals and machinery manufacturing, aerospace and defence, and others.
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Various factors are propelling the Motion Sensor Market Trends. According to the recent MRFR report, such factors include an increase in industrial automation, the increasing use of automated and advanced processes for factory automation, growing demand for industrial robots in the manufacturing process, safety-enabled productivity in industries, and growing concerns for qualitative and safety output.
Additional factors adding to the industrial motion control market growth include the surging need for motion controls in different end use industries such as machinery industries, textile, printing, packaging, automotive, semiconductor and electronics industry, and others.
On the contrary, high maintenance and replacement cost, lack of trained and skilled workforce, and the current COVID-19 effect are factors that may limit the global Motion Sensor Market Trends growth over the forecast period.
Motion Sensor Market Segmentation
According to the report, the Motion Sensor Market Trends has been segmented on the basis of technology and sensor type.
The technology segment comprises microwave, infrared, dual technology, area reflective type, ultrasonic, and vibration. in the technology segment, the infrared segment captures a larger market share and is expected to witness substantial growth in the global Motion Sensor market over the review period.
By sensor type, the market segmentation is done, including gyroscope, accelerometer, and magnetometer, and combo sensor. On the basis of sensor type, the accelerometer sub-segment accounts for a significant share in the global motion sensor market and is expected to record higher growth over the forecast period.
Market Research Analysis:
The regional analysis of the motion sensor market covers North America, Europe, Asia Pacific, and the rest of the world.
Among these, North America has been noted to dominate the motion sensor market due to the presence of a considerable rise in consumer electronics applications. The presence of significant market players in a higher concentration is expected to drive the market forward over the review period. The established industry verticals and early adoption of technological advancements are expected to offer lucrative growth opportunities for the major market players.
Europe is slated to acquire the second largest market share in the motion sensor market over the assessment period. Whereas, Asia Pacific region is projected to show a positive market growth over the forecast period owing to the extensive adoption of electronic applications across verticals. Developing countries like China, Japan, and others, there is a momentous demand for accelerometer owing to which these countries are expected to reflect a percentage of a rapid hike in the Motion Sensor market through the forecast period.
Key Players
The prominent players in the Motion Sensor market are- Bosch Sensortec GmBH (Germany), Freescale Semiconductor Ltd. (U.S.), Honeywell International, Inc. (U.S.), Murata Manufacturing Co., Ltd. (Japan), Analog Devices, Inc. (U.S.), STMicroelectronics (Switzerland), Microchip Technology, Inc. (U.S.), Memsic, Inc. (U.S.), Kionix, Inc (U.S.) among others.
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TABLE OF CONTENTS
1 Market Introduction
1.1 Introduction
1.2 Scope Of Study
1.2.1 Research Objective
1.2.2 Assumptions
1.2.3 Limitations
1.3 Market Structure
2 Research Methodology
2.1 Research Network Solution
2.2 Primary Research
2.3 Secondary Research
2.4 Forecast Model
2.4.1 Market Data Collection, Analysis & Forecast
2.4.2 Market Size Estimation
3 Market Dynamics
3.1 Introduction
3.2 Market Drivers
3.3 Market Challenges
3.4 Market Opportunities
3.5 Market Restraints
4 Executive Summary
Continued…
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