Motion Sensing – a Way of Machine Interaction with Humans

Motion sensing is an emerging technology that is transforming the ways in which machines interact with human. While the technology majorly finds application in infotainment, with recent innovations, it has successfully penetrated routine household activities and other settings. The rising application of motion sensors in the consumer electronics and automotive industries has been considerably boosting the market for motion sensors.

Recent analysis by Transparency Market Research pegs the overall value of the global motion sensor market at US$3.2 bn in 2014. The market is anticipated to reach US$18.2 bn by 2023, thereby exhibiting a robust CAGR of 21.2% between 2015 and 2023.

Info Regarding Motion Sensors and Its Global Market Uses is available at:
http://www.transparencymarketresearch.com/motion-sensor-market.html

Demand from Automotive Industry Drives Growth

In the automotive industry, motion sensors are integrated in advanced driver assistance systems (ADAS), security systems, and airbag deployment systems, among others. Thus, the rapid expansion of the automotive industry in Asia Pacific due to the rising domestic demand for cars has been fuelling the demand for advanced technologies for better comfort and safety while driving. This has proved rather lucrative for enterprises operating in the motion sensor market, as it has provided them an opportunity for catering to the consumer demand for innovative products.

Market to Gain Impetus from Increasing Purchase Power of Consumers

Additionally, the global market for motion sensors has also been gaining impetus from the increasing disposable income of people around the world. Improvements in the global economy will also reflect positively on the sales figures reported by the companies in the motion sensor market. As the demand for luxury vehicles rises, it will in turn encourage carmakers to introduce motion sensor products. Already, several automakers manufacturing electric and hybrid vehicles...