Jan 20 2014
Research and Markets has announced the addition of the "Global Consumer Motion Sensor Market Forecast & Opportunities, 2016" report to their offering.
Global Consumer Motion Sensor market to grow at a CAGR of 15% over the period 2012-2016.
One of the major drivers in this market is the increase in the demand for smartphones and tablets. The promulgation of technological advancements has made consumers "tech savvy", which has increased the demand for multiple features such as motion sensor technology to be incorporated in smartphones and tablets. Thus, the growing demand for smartphones and tablets has accelerated the growth of the Global Consumer Motion Sensor market.In recent years, interactive TV has emerged as one of the most promising application trends in the Global Consumer Motion Sensor market.
Motion sensor technology employing remote controls enables consumers to use point-and-click and gesture-based controls, reducing the button overload of traditional remote controls and it also allows faster and simpler control of different types of media. Customized sign-on gestures enable simple user authentication, intelligent content recommendations, and parental control of TV content. Thus, the growth in this application along with new developments is expected to drive the demand for motion sensors during the forecast period.
Further, the report states that one of the key challenges faced by the market is the fluctuating global economy. The uncertain global economy is adversely affecting the demand for various consumer electronics, which negatively impacts the Global Consumer Motion Sensor market.
The key vendors dominating this space include:
- Asahi Kasei Microdevices Corp.
- Bosch Sensortec GmbH
- InvenSense Inc.
- STMicroelectronics N.V.
Source: http://www.researchandmarkets.com/