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Friday, September 17, 2021

Global Motion Sensor Market to be Driven by Rising Demand for Automation in Material Handling Across Industries in the Forecast Period of 2021-2026

The new report by Expert Market Research titled, ‘Global Motion Sensor Market Report and Forecast 2021-2026’, gives an in-depth analysis of the global motion sensor market, assessing the market based on its motion technology, applications and major regions. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.

Note 1: For a snapshot of the primary and secondary data of the market (2016-2026), along with business strategies and detailed market segmentation, please click on request sample report. The sample report shall be delivered to you within 24 hours.

Request a free sample copy in PDF or view the report summary@ https://www.expertmarketresearch.com/reports/motion-sensor-market/requestsample

The key highlights of the report include:

Market Overview (2016-2026)

  • Historical Market Size (2020): USD 6.12 Billion
  • Forecast CAGR (2021-2026): 8%
  • Forecast Market Size (2026): USD 9 Billion

Expanding need for material handling automation across sectors, expanding medical automation for repeatability and accuracy, developing e-commerce industry, and increased productivity supported by better supply chain procedures is driving the market growth.

Industry Definition and Major Segments

A motion sensor, often known as a motion detector, is a real-time electrical device that detects physical or kinetic motions. Passive infrared, ultrasonic wave, microwave, and tomography are some of the most often utilised motion detection technologies. Home control systems, lighting control systems, physical security systems, and fare collecting systems all use these sensors.

The global motion sensor market can be broadly categorised on the basis of segments like:

Motion Technology:

  • Infrared
  • Ultrasonic
  • Microwave
  • Dual Technology
  • Tomographic
  • Others

Application:

  • Consumer Electronics
  • Automotive
  • Aerospace and Defence
  • Healthcare
  • Industrial
  • Others

The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

Explore the full report with the table of contents@ https://www.expertmarketresearch.com/reports/motion-sensor-market

Market Trends

The market for dual technology motion technology motion sensors is predicted to grow at the fastest rate. Infrared sensors (both active and passive infrared (PIR) motion sensors) are electrical devices that detect motion by measuring changes in the temperature of adjacent objects. When a human, an infrared key element, passes in front of an element with a different temperature, such as a wall, an exact motion is traced. This motion can be recognized by observing a sudden shift in the environment.

Europe’s motion sensor industry is expected to develop at the fastest rate. The rising demand for consumer electronic gadgets and high-end autos is to blame for this expansion. The Middle Eastern nations have a high demand for market since they are necessary for continuous measurement and monitoring in numerous sectors. These sensors aid Middle Eastern governments in ensuring the safety of rigs, refineries, and other facilities.

Note 2: As the novel coronavirus (COVID-19) continues to spread across the world, our analysts are constantly tracking the impact of this rapidly evolving situation on the markets and the consumer purchase behaviours. Thus, our latest estimates and analysis about the current market trends and forecast will exhaustively reflect the effects of this emerging pandemic.

Key Market Players

The major players in the market are STMicroelectronics, Murata Manufacturing, Honeywell International (NYSE: HON), NXP Semiconductors, Analog Devices, Microchip Technology, TDK InvenSense, Bosch Sensortec, Memsic, Kionixand among others. The report covers the market shares, capacities, expansions, investments and mergers and acquisitions, among other latest developments of these market players.

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About Us:

Expert Market Research is a leading business intelligence firm, providing custom and syndicated market reports along with consultancy services for our clients. We serve a wide client base ranging from Fortune 1000 companies to small and medium enterprises. Our reports cover over 100 industries across established and emerging markets researched by our skilled analysts who track the latest economic, demographic, trade and market data globally.

At Expert Market Research, we tailor our approach according to our clients’ needs and preferences, providing them with valuable, actionable and up-to-date insights into the market, thus, helping them realize their optimum growth potential. We offer market intelligence across a range of industry verticals which include Pharmaceuticals, Food and Beverage, Technology, Retail, Chemical and Materials, Energy and Mining, Packaging and Agriculture.

We also provide state-of-the-art procurement intelligence through our platform, https://www.procurementresource.com. Procurement Resource is a leading platform for digital procurement solutions, offering daily price tracking, market intelligence, supply chain intelligence, procurement analytics, and category insights through our thoroughly researched and infallible market reports, production cost reports, price analysis, and benchmarking.

Informes de Expertos (https://www.informesdeexpertos.com), the Spanish variant of Expert Market Research, is a platform that offers market research and consultancy services to a broad clientele base across Spanish speaking countries. With our primary focus on the Latin America and Spain markets, our research experts provide relevant and actionable insights into the markets and track major trends, economic developments, and global trade data.

Determined to bring client satisfaction, we make sure that our tailored approach meets the client’s unique market intelligence requirements. Our syndicated and customized research reports cover a wide spectrum of industries ranging from pharmaceuticals and food and beverage to packaging, logistics, and transportation.

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*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.

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