Research and Markets has added a section on “Motion Sensors for Consumer & Mobile Applications” to their report.
The observed market trend is that the inertial sensor market has grown quickly by incorporating accelerometers, magnetometers and gyroscopes in applications such as tablets, game stations, mobile phones and laptops. The motion sensor market is set to reach 2.65 billion dollars and inertial sensor growth will increase by 20.3 %.
Enterprising business opportunities are expected to flood the MEMS accelerometer market in the next few years. The MEMS accelerometer market would be having a number of applications that make use of the three-axis accelerometer and the three-axis gyroscope as one package by the year 2015. Thereby, a strong collaboration between gyroscopes and accelerometer technologies has been established.
With ST Micro and InvenSense bringing in the three-axis devices into the market, applications for gyroscopes have grown considerably. Mobile handsets, gaming applications and remote controls are some of the main applications of the gyroscopes. Compasses are also seeing a good growth in the market. Handsets that make use of digital compasses saw an increase in the market in the year 2010. More and more gaming applications are making use of the digital compasses. AKM leads the digital compasses market hence new comers would have to come up with strategies to surpass AKM’s growth.
The motion sensing market is seeing a lot of competitive growth that is attracting big and small players to generate more business. Some competitive strategies that are giving shape to the market are discussed below. Companies are competing to offer complete product family packages, either internally or in collaboration with their partners. Another kind of competition is to provide a combination of sensors for a specific function. Competition in providing novel software is another form of competition. Providing cost- effective solutions is another area where companies are competing with each other. Finally, competition in providing cutting edge technology solutions exists in the motion sensing market.
Source: http://www.researchandmarkets.com