IoT Motion Sensor Market Key Highlights:
- Market Size (2024): USD 1.11 Billion
- Projected Market Size (2034): USD 1.59 Billion
- CAGR (2023-2034): 3.6%
Pricing Analysis:
- Price Growth
- Regional Variations
Market Historic Sales
- Total sales volume, year-over-year growth, product categories, and market share.
Revenue Estimation
- Forecasting future revenues based on historical data, market trends, and economic indicators.
Sales by Region
- Breakdown of sales performance across different geographical areas.
Revenue by Manufacturer
- Analysis of revenue contributions from different manufacturers in the market.
IoT Motion Sensor Market Definition
The IoT motion sensor market is a crucial segment of the electronics industry. This industry deals in the production and distribution of internet-based motion sensors across the world. An IoT motion sensor is a connected device that helps detect and measure movement in a specific area by using infrared radiation or ultrasonic waves. These sensors are also used to track a wide range of internet threats in any system. The rising interest of people towards home automation is significantly boosting the growth of this industry. This market is likely to rise significantly with the growth of the IT & telecom sectors around the globe.
The rising developments in the semiconductor industry along with advancements in technologies such as ultrasonic, microwave and some others is crucial for the industrial growth. Also, the growing demand for these sensors from automotive and healthcare sector due to their numerous applications has boosted the market expansion. Moreover, the increased application of IoT motion sensors in industries such as aerospace and consumer electronics is projected to drive the growth of the IoT motion sensor market.
Avancements in energy-efficient motion sensors, along with the integration of predictive analytics in these sensors, are expected to create ample growth opportunities for the market players in the future. In October 2022, Bosch launched BMI323. BMI323 is an IoT-based motion sensor designed for several consumer electronics applications.
IoT Motion Sensor Market Segmentation:
By Type
- Passive Infrared (PIR)
- Microwave
- Ultrasound
- Tomography
- Other
By Application
- Smart Home & Wearables
- Smart Energy
- Smart Security
- Manufacturing
- Transportation & Logistics
- Healthcare
- Others
IoT Motion Sensor Market Companies:
- Bosch
- Honeywell
- NXP
- Infineon
- Analog Devices
- Panasonic
- InvenSense
- TI
- Silicon Laboratories
- ABB
- STM
- TE Connectivity
- Huagong Tech
- Sensirion
- Zhonghang Electronic Measuring Instruments
- Vishay
- Hanwei Electronics
- Semtech
- Omron
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