Global Motion Sensor Market for Wearables to Exhibit 26.46% CAGR during 2016-2020 due to Growing Demand for MEMS Sensors
MarketResearchReports.biz has added a new research report to its repository of ICT industry research documents. The report, titled “Global Motion Sensor Market for Wearables 2016-2020,” offers a detailed overview of the global motion sensor market for wearables and points out the key factors driving the growth of the market during the period between 2016 and 2020. The report projects the global motion sensor market for wearables to expand robustly at a CAGR of 26.46% during the forecast period. The market has been studied on the basis of the type of wearable electronic devices and region. The report further profiles some of the key vendors in the market.
A motion engine refers to a combination of various integrated circuits (ICs) that control the position of wearable electronic devices with the help of components such as magnetometers, accelerometers, and gyroscopes. Motion control is highly necessary for smart devices such as tablets and smartphones. Apart from device orientation, motion engines also support some of the lifestyle-related applications to enhance user experience. Nowadays, consumers are increasingly using wearable devices to monitor daily fitness and health activities, play virtual games, and listen to music. Recent advancements in smart wearable devices have further propelled the growth of the global motion sensor market for wearables.
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The report points out that the global motion sensor market for wearables will be driven by the growing demand for combo micro-electro-mechanical systems (MEMS) sensors. Vendors such as STMicroelectronics and InvenSense have developed dyes to integrate both gyroscopes and accelerometers. Combo sensors are manufactured at lower costs than discrete sensors and this will positively affect the growth of the global motion sensor market for wearables. However, low awareness about the usage of wearable devices, high cost of wearable devices, and security and privacy issues are expected to hamper the market’s growth during the forecast horizon. Strategic partnerships among supply chain members and proliferation of low-cost wearable devices have emerged as the key trend in the global motion sensor market for wearables.
In terms of applications, the report segments the global motion sensor market for wearables into smart glasses, smart clothing, smart bands, and smart watches. The demand for each of these product types during the forecast horizon has been projected in the report.
The report studies the motion sensor market for wearables across three key regions: Asia Pacific, EMEA, and the Americas. The growth of the market during the forecast period across each of these regions has been analyzed in the report.
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The report profiles some of the key players in the global motion sensor market for wearables such as STMicroelectronics, Bosch Sensortech, InvenSense, MEMSIC, Kionix, and Freescale Semiconductor. The report further provides insightful information about the vendors such as financial overview, product portfolio, and recent developments.
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