Motion Sensor Market Regional Outlook Opportunity Assessment, forecast till 2027
Market Highlights The global motion sensors market is showing immense growth; mainly due to the increasing application areas of passive infrared sensor. Technological advanced have played a major role in the development of motion sensors. Steep increase in the adoption of motion sensors in smartphones, tablets, and notebooks is one major factor driving the growth of motion sensors market. Bosch Sensortec GmbH, Freescale Semiconductor Ltd., STMicroelectronics, MEMSIC, Inc., Microchip Technology, Inc. and InvenSense, Inc. are the major investors in the motion sensors market. Also, growing demand for LED motion sensors applications in horticulture is one major factor driving the growth of Motion Sensor Market . This is due to the energy efficiency being offered by the technology and proves to be an ideal option for indoor plant cultivation. On the other hand, availability of motion sensor alternatives at low cost is one major factor which could cause hindrance in the growth of motion s