The Global Infrared Motion Sensor Market was valued at US$XX billion in 2017 and is projected to expand at a CAGR of XX.XX% over the forecast period to reach US$XX billion by 2023. Infrared sensor is an electronic equipment used to sense features from its environments either by detecting or transmitting infrared radiations. They are also proficient in determining the heat emitted by an object in motion. These sensors are primarily used for the target discrimination, they detect and localize moving objects. Rising demand for motion enabled industrial machineries, military and aerospace devices and increasing use of wireless communication are the major factors that are driving the infrared motion sensor market. Recently, it has been observed that new construction projects such as public buildings, private residences, office buildings, shopping complexes etc. are installing systems like escalators, automatic doors and taps etc. which deploy infrared motion sensors. This has played a significant role in the growth of this market and will augment its growth over the forecast period. But high cost, and inability of the motion sensor to detect objects moving at a very slow speed are the major hindrances that can hamper the growth of this market.
This research study examines the current market trends related to the demand, supply, and sales, in addition to the recent developments. Major drivers, restraints, and opportunities have been covered to provide an exhaustive picture of the market. The analysis presents in-depth information regarding the development, trends, and industry policies and regulations implemented in each of the geographical regions. Further, the overall regulatory framework of the market has been exhaustively covered to offer stakeholders a better understanding of the key factors affecting the overall market environment.
Identification of key industry players in the industry and their revenue contribution to the overall business or relevant segment aligned to the study have been covered as a part of competitive intelligence done through extensive secondary research. Various studies and data published by industry associations, analyst reports, investor presentations, press releases and journals among others have been taken into consideration while conducting the secondary research. Both bottom-up and top down approaches have been utilized to determine the market size of the overall market and key segments. The values obtained are correlated with the primary inputs of the key stakeholders in the infrared motion sensor value chain. Last step involves complete market engineering which includes analyzing the data from different sources and existing proprietary datasets while using various data triangulation methods for market breakdown and forecasting.
Market intelligence is presented in the form of analysis, charts, and graphics to help the clients in gaining faster and efficient understanding of the Global Infrared Motion Sensor market.
Major industry players profiled as part of the report are Panasonic Corporation, Murata Manufacturing Co. Ltd., STMicroelectronics, Elmos Semiconductor AG, Honeywell International Inc., Bosch Sensortec GmbH and Microchip Technology Inc.
The Global Infrared Motion Sensor market has been analyzed through following segments:
Middle East and Africa
Key insights offered
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A comprehensive analysis of competitive landscape and key market participants’ behavior
Key strategies being adopted by vendors, with in-depth analysis along with their impact on competition and market growth.