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Global motion sensors market to hit $6.45B by 2020

Posted: 22 Sep 2015 ?? ?Print Version ?Bookmark and Share

Keywords:Research and Markets? motion sensor? smartphone? tablet? MEMS?

According to the latest data from Research and Markets, the global motion sensors market was valued at $3.10 billion in 2014 and is projected to reach $6.45 billion by 2020, at a CAGR of 12.93 per cent from 2015 to 2020.

The global motion sensors market is primarily driven by the adoption of motion sensors in multiple industries, the increased use of smartphones, tablets, and mobile devices, the integration of gyroscopes in mobile devices, and the rapidly growing interactive gaming industry. Another major factor driving the motion sensors market is the reduction in size and the penetration of MEMS technology into motion sensor industry.

The global motion sensors market has been segmented on the basis technology, embedded sensor type, application, and geography. The technology segment is subdivided into infrared, ultrasonic, microwave, dual technology & tomographic. Infrared sensor had the highest share of 50 per cent in the global market in 2014. Microwave sensor is estimated to grow at the highest CAGR of 15.27 per cent during the forecast period.

The major players in the global motion sensors market include Bosch Sensortec GmbH (Germany), Freescale Semiconductor Ltd (U.S.), STMicroelectronics (Switzerland), MEMSIC Inc. (U.S.), Honeywell International Inc. (U.S.), Murata Manufacturing Co. Ltd (Japan) and Analog Devices Inc. (U.S.).

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