APAC Motion Sensor Market is Estimated to Grow at a CAGR of 23.1%

Date: 2015-08-11

“The APAC motion sensor market is estimated to grow at a CAGR of 23.1% from 2014 to 2019. It had a 26.9% share in the global motion sensor market in 2014. The growth of the APAC motion sensor market is driven by factors such as the increasing demand for accelerometers and gyroscopes in the consumer electronics segment.

In this report, the APAC motion sensor market has been broadly classified into end-users such as consumer electronics, automotive, industrial and medical, and aerospace & defense. The consumer electronics motion sensor market is projected to grow at a CAGR of 27.1% from 2014 to 2019. This is due to the increase in demand from consumer electronics products such as tablets, PCs, notebooks, and mobile phones.

Geographically, China is estimated to command the largest share of 48.2% of the APAC motion sensor market, followed by Japan. The market in Japan is expected to grow at a CAGR of 9.2% from 2014 to 2019. The factors driving the growth of the motion sensor market in Japan are the increasing use of motion sensors by end-users and in products such as mobile phones, game consoles, smartphones, and camcorders.

There are a number of players in the APAC region in the motion sensor market, thereby making the market highly competitive. As of 2014, the APAC motion sensor market had top players such as STMicroelectronics N.V., Murata Manufacturing Co. Ltd., and Analog Devices, Inc. New product launches, partnerships, agreements, and acquisitions are the major strategies adopted by most companies to achieve growth in the motion sensor market.    

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