Skip to main content

Over 5.0% CAGR Predicted in Global Motion Sensor Market During 2020–2030

From $4,430.7 million in 2019, the global motion sensor market is predicted to reach a valuation of $7,590.8 million by 2030. According to the estimates of P&S Intelligence, a market research company based in India, the market will progress at a CAGR of 5.1% between 2020 and 2030. The rapid expansion of the automotive industry and the soaring sales of consumer electronics products are the major factors propelling the advancement of the market across the world.

Get Sample Copy of Report @ https://www.psmarketresearch.com/market-analysis/motion-sensor-market/report-sample


Motion sensors are extensively used in consumer electronics products for several applications such as managing the orientation of a smartphone’s screen and as heart rate monitors in smart wearable devices. The burgeoning requirement for wearable devices and smartphones is fueling the progress of the consumer electronics industry, which is, in turn, driving the advancement of the motion sensor market.

Furthermore, with the surge in the global population, the sales of consumer electronics products are predicted to rise year-over-year (YoY). The increasing adoption of the internet of things (IoT) is creating lucrative growth opportunities for the players operating in the motion sensor market. As per the Institute of Electrical and Electronics (IEEE), nearly 27 billion IoT devices were in use across the globe in 2017 and this number is predicted to rise to 125 billion by 2030.

With the integration of IoT, motion sensors can provide the physical status of devices from remote locations. Depending on type, the motion sensor market is divided into combo sensor, tomographic sensor, ultrasonic, infrared (IR), gyroscope, and accelerometer. Out of these, the combo sensor category is predicted to demonstrate the fastest growth in the market during the next few years. This will be because of the microfabrication of several motion sensors into one device, which offers greater accuracy in motion detection.

Labels

Labels:

Comments

Post a Comment

Popular posts from this blog

Increasing Internet Penetration Fueling Demand for Product Analytics

With the increasing penetration of the internet in both developing countries such as China and India and developed countries such as Singapore and the U.S., the worldwide demand for product analytics is rising rapidly. For example, according to the Office for National Statistics, in 2018, 90% of all households in Great Britain had access to the internet. Get the Sample Copy of this Report @ https://www.psmarketresearch.com/market-analysis/product-analytics-market/report-sample Additionally, the total percentage of adults who used the internet daily grew from 35% to 86% from 2006 to 2018 in the country. The rapid digital transformation in various countries is pushing up the requirement for product analytics solutions. Moreover, businesses all over the world are increasingly adopting advanced technologies such as product analytics for building a holistic understanding and delivering greater customer engagement. Apart from this, rapid advancements and innovations being made in various cog...
Post a Comment
Read more

Conversational AI Market Worldwide Opportunities, Driving Forces, COVID-19 Impact Analysis, Future Potential 2030

There are two ways in which conversational AI solutions are deployed, namely cloud and on-premises. Of these, the conversational AI solutions deployed through cloud recorded higher demand in 2018, and this deployment method is expected to remain more popular in the coming years. This is primarily attributed to the ballooning demand for scalability and easier maintenance features and 24*7 services offered by these solutions. Furthermore, many major companies are adopting cloud-based solutions for increasing their operational flexibility and reducing their operational costs. Coherent with these facts, the biggest phenomenon currently being observed in the conversational AI market is the mushrooming implementation of chatbots, as well as IVA, in various healthcare applications. Geographically, the highest demand for conversational AI market share has been witnessed in North America in the last few years, and the next few years will witness a similar situation. For instance, a Mahara...
Post a Comment
Read more

Huge Growth Expected in Japan Heat Stress Monitor Market in Future

In the last 100 years, the average annual temperature of Japan has risen by a whole degree (Celsius), says the World Wildlife Fund. Moreover, the number of hot days, when the maximum temperature is more than 35 °C, is higher now than before, while the cold has become less extreme. Even the instances and duration of snowfall and the extent of ice in the southern part of the Sea of Okhotsk are reducing.  With such rampant global warming, the Japanese population is suffering more than ever because it is simply not used to such hot conditions. Moreover, by 2050, the annual mean temperature in the country is set to rise by 3 °C and, further, by 5 °C by 2080. According to P&S Intelligence, due to such climate change, the Japanese heat stress monitor market , which valued $1.98 million in 2020, is expected to reach $3.96 million by 2030, at a 7.05% CAGR between 2021 and 2030.  This is because the changing weather conditions are leading to the rising number of heat stroke cases, ...
Post a Comment
Read more