Countries such as India, Indonesia, South Korea, Japan, and China are integrating a large number of motion sensors in electronic devices and equipment, including medical devices, lighting systems, gaming consoles, tablets, smartphones, and building automation equipment.
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Due to a rise in the usage of these devices and equipment, the motion sensor market is expected to grow at a CAGR of 5.1% during 2020–2030. At this rate, the market, which stood at $4,430.7 million in 2019, is projected to reach $7,590.8 million by 2030. Motion sensors control the orientation of the screen on a smartphone and act as a heart monitor in smart wearable devices, among numerous applications.
Smartphones, wearable devices, and medical equipment consist of microelectromechanical systems (MEMS) that are developed on a silicon wafer, as using this fabrication technique, MEMS motion sensors can be cost-effectively produced on a large scale.Gyroscopes, magnetometers, and accelerometers are the most significant MEMS motion sensors available.
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As the demand for the above-mentioned electronic devices increases in the future, the sale of these motion sensors will witness a significant spike too. Infrared, tomographic, ultrasonic, and combo are the other types of motion sensors available for the automobile, building automation, medical devices, consumer electronics, and industrial equipment industries.