Expanding Consumer Electronics Sector Driving Motion Sensor Demand

 Organisation Internationale des Constructeurs d'Automobiles (OICA) estimates that 53,598,846 passenger cars and 24,372,388 commercial vehicles were sold across the world in 2020. Furthermore, the International Energy Agency (IEA) states that the global stock of plug-in hybrid electric vehicles (PHEV) (cars) and battery electric vehicles (BEV) (cars) stood at 3,346,713 and 6,850,327 units, respectively, in 2020. The increasing sale of vehicles owing to the improving economic conditions of customers will create a huge requirement for motion sensors, due to their usage in wheel alignment systems, vehicle alarm systems, and airbag systems.

Moreover, the burgeoning demand for smartphones and medical equipment will augment the motion sensor market at a CAGR of 5.1% during the forecast period (2020–2030). According to P&S Intelligence, the market revenue is projected to surge from $4,430.7 million in 2019 to $7,590.8 million by 2030. In recent years, the electronics industry has been focusing on the integration of microelectromechanical system (MEMS)-based motion sensors, such as magnetometers, gyroscopes, and accelerometers, in their products because the MEMS technology aids in balancing the demand–supply gap through the process of microfabrication.

Get More Insights: Motion Sensor Market Revenue Estimation and Growth Forecast Report

In addition to the consumer electronics industry, MEMS motion sensors are gaining traction in the building automation and automobile sectors. As a result, semiconductor companies, such as NXP Semiconductors N.V., Murata Manufacturing Co. Ltd., Panasonic Corporation, Analog Devices Inc., STMicroelectronics N.V., Robert Bosch GmbH, Koninklijke Philips N.V., Schneider Electric SE, TE Connectivity Ltd., Eaton Corporation plc, and Honeywell International Inc., are expanding their product portfolio.

The type segment of the motion sensor market is classified into accelerometer, infrared (IR), gyroscope, ultrasonic, combo sensor, tomographic sensor, and others, such as vibration sensor, temperature sensor, magnetometer, and microwave. Among these, the combo sensor category held the largest market share in 2019 due to the microfabrication of different types of motion sensors into a single device in it, to offer higher accuracy in detecting motion. Combo sensors are integrated into consumer electronics, such as smartphones, where accelerometers, gyroscopes, and magnetometers are incorporated into a single MEMS system.


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