PIR motion sensor: Key market research findings
- APAC dominates the market geographically
- Security segment accounts for a majority of the market’s revenue
- Key vendors – Atmel, Bosch Sensortec, Honeywell, Murata Manufacturing, and STMicroelectronics
Technavio’s market research analysts predict the global PIR motion sensor market to grow at a CAGR of around 11% between 2016 and 2020. The market’s growth is fueled primarily by the growing defense-related expenditure across the globe. Governments in several regions such as South Asia, Eastern Europe, and the Middle East have been boosting their defense spending due to the increasing number of terrorist attacks. Countries are also investing heavily in R&D to introduce better equipment and upgrade the existing detecting and tracking technologies. During 2015, APAC dominated the global passive infrared (PIR) motion sensor market by occupying around 41% of the overall market space. The presence of prominent vendors such as Murata Manufacturing coupled with increasing military budgets in Asian countries such as China, India, Pakistan, South Korea, and Japan will propel growth in the PIR motion sensor market in APAC during the forecast period.
The new market research report from Technavio presents a breakdown and analysis of the PIR motion sensor segments based on the application.
“The emergence of sensor fusion technology is a trend that plays a vital role in the growth of this market. Most detectors incorporate up to five sensors in a single detector such as a long-range PIR motion sensor, a short-range PIR motion sensor, a microwave sensor, a white light sensor, and a temperature sensor to collect accurate data. The information collected is then fed into a microprocessor that analyzes the data using an algorithm. This technology is termed sensor data fusion. This fusion allows a detector to balance sensors and adjust sensitivities to determine if the data signals a valid alarm condition,” says Asif Ghani, Lead Analyst, Semiconductor, Technavio Research.
In 2015, the security segment accounted for almost 64% of the overall market revenue to become the key revenue generator in the global PIR motion sensor market. The demand for PIR motion sensors in the market stems from their high affordability and reliability. PIR motion detection technology is used in a number of alarm systems such as burglar alarms and yard alarms. The low cost of PIR motion sensors when compared to other motion detection sensors, such as ultrasound and microwave motion sensors, is one of the important factors responsible for their high demand in burglar systems and yard alarms.
The key vendors in the global PIR motion sensor market include Atmel, Bosch Sensortec, Honeywell, Murata Manufacturing, and STMicroelectronics. The PIR motion sensor market has an immense growth potential due to the increasing adoption of these sensors across various end-user segments. The providers in this market compete on the basis of factors like product technology, performance, and pricing to gain maximum market shares. The level of competition in the market is expected to intensify due to technological innovations, upgrades, and M&As.
A more detailed analysis is available in the Technavio report, Global PIR Motion Sensor Market 2016-2020.
We can customize reports by other regions and specific segments upon request.
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