Motion Control Sensor Market size is anticipated to witness healthy growth during 2023 to 2032, due to the rising application scope of motion sensors in smart lighting appliances. These sensors activate the luminaires whenever there is movement in interior and exterior passage areas, resulting in more energy savings. Furthermore, their capability to reduce unauthorized access to restricted grounds, thus preventing theft and burglary on commercial properties, will also boost industry growth.
The global supply chain that was already constrained as a result of the pandemic is facing further disruptions owing to the ongoing conflict between Ukraine and Russia. These value chain vulnerabilities have further worsened the chip shortage, severely impacting the production of electronics and consumables. Besides, the heightening freight costs and commodity prices have significantly changed consumer buying patterns. All these factors, in tandem, may negatively influence the motion control sensor market revenue streams in the foreseeable future.
Based on technology, the infrared sensors segment is slated to amass sizeable revenues through 2032. Infrared sensors comprising both active and passive sensors monitor changes in heat levels in surrounding objects to sense motion. The extensive utilization of PIR sensors in a range of security, thermal sensing, motion detection, and automatic lighting applications will significantly augment product sales.
The consumer electronics application segment is expected to account for a modest share of the motion control sensor market by 2032, given the favorable business landscape backed by the flourishing work-from-home trend. According to a Care Ratings report, consumer electronics and appliance production was predicted to rise by an estimated 5%-8% in the fiscal year 2022. This factor could stimulate the requirement for motion control sensors for home automation. Additionally, the rising development of mobile health monitoring apps will inflate the need for different motion control sensors, given their ability to measure the walking movements of individuals.
The North America motion control sensor market is poised to depict a noticeable CAGR from 2023 to 2032. The regional growth can be credited to the increasing sales of cars in the U.S. This escalating volume of auto sales is likely to contribute to the regional outlook, given the significant deployment of motion sensors to detect motion and other abnormal behavior in cars to trigger the alarm. High spending on industrial robots to enhance operations across production lines will drive the regional growth.
Some key players operating in the motion control sensor market are Analog Devices, Honeywell International Inc., Microchip Technology, Murata Manufacturing, ABB Motion, Aerotech Inc., Advanced Micro Controls, Inc., and STMicroelectronics. These companies are implementing numerous strategies such as new product launches, mergers & acquisitions, and business expansions to strengthen their footprint across the global market. For instance, in August 2021, Aerotech expanded its automation and motion control product offerings for precision measurement applications in the industrial sector with the launch of Peak Metrology, its partner company.
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