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Friday, November 24, 2023

Global Passive Infrared Motion Sensor Market is Anticipated to Grow at a CAGR of 10.2% during 2024 to 2030

The future of the global passive infrared motion sensor market looks promising with opportunities in the consumer electronics, industrial, automotive, healthcare, and aerospace & defense markets. The global passive infrared motion sensor market is expected to reach an estimated $1.4 billion by 2030 with a CAGR of 10.2% from 2024 to 2030. The major drivers for this market are increased use of infrared detectors in non-contact temperature monitoring, gas analysis, and fire detection and the increasing use of motion-sensor-based smart home systems for energy management, lighting control, and security.

Some of the key questions answered in this exclusive report are:

Q.1. What are some of the most promising, high-growth opportunities for the passive infrared motion sensor market by device (smoke detector, heat detector, motion controller, and other devices), range (short wave passive infrared sensor, mid wave passive infrared sensor, and long wave passive infrared sensor), application (consumer electronics, healthcare, industrial, automotive, and defense and aerospace), and region (North America, Europe, Asia Pacific, and the Rest of the World)?

Q.2. Which segments will grow at a faster pace and why?

Q.3.  Which region will grow at a faster pace and why?

Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?

Q.5. What are the business risks and competitive threats in this market?

Q.6.  What are the emerging trends in this market and the reasons behind them?

Q.7. What are some of the changing demands of customers in the market?

Q.8. What are the new developments in the market? Which companies are leading these developments?

Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?

Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?

Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?

Market Segmentation:

In this market, smoke detector, heat detector, and motion controller are the major segments of passive infrared motion sensor market by device. Lucintel forecasts that motion controller is expected to witness highest growth over the forecast period.Within this market, consumer electronics will remain the largest segment.

APAC is expected to witness highest growth over the forecast period.

Axis Communications, General Dynamics Corporation, Honeywell International, Current Corporation, Atmel Corporation, Cypress Semiconductor, Espon Toyocom Corporation, Stmicroelectronics,Nippon Avionics, And Bosch Security Systems are the major suppliers in the passive infrared motion sensor market.

About Lucintel

Lucintel, the premier global management consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, growth consulting, M&A, and due diligence services to executives and key decision-makers in a variety of industries.

Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email:
roy.almaguer@lucintel.com
Tel. 972.636.5056

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