According to the report titled ‘Global Motion Sensor Market Size study with COVID-19 Impact, by Technology (Infrared, Ultrasonic, Microwave, Dual Technology, Tomographic, Others), by Application (Consumer Electronics, Automotive, Aerospace & Defence, Healthcare, Industrial, Others) and Regional Forecasts 2020-2027’, available with Market Study Report, global motion sensor market was worth USD 5.7 billion in 2019 and is projected to record a CAGR of 8.92% during 2020-2027.
 

Innovations in electronic devices and inclination of millennials towards wearing devices such as fit-band, smart jackets, smart watches, etc. are the key factors driving the growth of global motion sensor market.
 

For those uninitiated, motion sensor is embedded in electronic devices to detect the movement of a person, device, or object. They were initially used for security purposes, but nowadays, they are extensively used in defense systems, medical devices, electronic gadgets, and robotics owing to less power consumption, lightweight, compactness, portability, hence propelling global motion sensor market size expansion. On the downside, high complexity and critical manufacturing process associated with these sensors is expected to hamper the industry remuneration.
 

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The outbreak of COVID-19 pandemic has forced governments to impose nation-wide lockdowns to contain the virus spread. Many factories and industry verticals are non-functional to ensure protection of labor and staff, which can impact revenue in the long term. This has plunged the manufacturing of motion sensors, hindering global motion sensor industry outlook over the study period.
 

However, amidst coronavirus pandemic, people are forced to stay at home, so there is potential for increased demand for these sensors for robots, self-driven vehicles, autonomous systems, etc. in the near future. Increasing advancements and planned alliances by leading organizations are likely to create lucrative opportunities, augmenting global motion sensor market share.
 

Citing the regional landscape, global motion sensor market outlook is segmented into Latin America, Europe, North America, Asia Pacific, and Rest of the World. The report states that Europe presently holds significant market share and is expected to expand further during 2020-2027. The regional growth is credited to increasing usage of motion sensors in automobile on account of innovations such as airbags, ADAS, and driverless cars.
 

Major players influencing global motion sensor market trends are Xsens Technologies BV, TDK InvenSense, Bosch Sensortec, NKK Switches Co. Ltd., OSRAM Opto Semiconductors GmbH, ROHM Co. Ltd., STMicroelectronics, TE Connectivity, Panasonic Electric Works, Honeywell Aerospace, ADT Security Services, and SimpliSafe.