Wednesday 20 May 2015, Amsterdam
North America motion sensor market was valued at $939.4 million in 2014, and is projected to grow with a CAGR of 21.0% from 2014 to 2019. North America is a mature market for motion sensor in terms of consumption and the second-largest market globally for these devices.
One of the key drivers of North America motion sensor market is increase in demand for accelerometers in the consumer electronics segment. Currently, consumer electronics is the largest segment in this market with 55.4% of the market share in 2014. This segment is projected to grow with a CAGR of 24.7% from 2014 to 2019.
In 2010, the use of motion sensor product gyroscopes began in the $115 billion smartphone market. The application of accelerometers and gyroscopes has also increased owing to the gaining popularity of motion gaming. This factor will act as a driver for motion sensors market in NA in coming years.
The largest end-user of the North America motion sensor market is the consumer electronics sector, followed by the automotive industry and industrial & healthcare sector. Although the industrial & healthcare sector is currently not the highest revenue-generating sector, it is expected to grow at a CAGR of 30.7% for the forecast period.
A lot of companies including STMicroelectronics N.V. (Europe), Murata Manufacturing Co. Ltd. (Japan), Analog Devices, Inc. (U.S.), Atmel Corporation, and AKM Semiconductor are embarking on motion sensor business in North America. These companies are investing in this growing market in order to gain higher profits and increase their presence.
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