Boom Predicted in Asia-Pacific Motion Sensor Market in Future

From $4,430.7 million in 2019, the global motion sensor market is predicted to reach a valuation of $7,590.8 million by 2030. According to the estimates of P&S Intelligence, a market research company based in India, the market will progress at a CAGR of 5.1% between 2020 and 2030. The rapid expansion of the automotive industry and the soaring sales of consumer electronics products are the major factors propelling the advancement of the market across the world.

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Motion Sensor Market – Revenue Projection and Forecast, 2020-2030

In 2019, the motion sensor market value stood at $4,430.7 million, and it will witness a CAGR of 5.1% during 2020–2030, to reach $7,590.8 million by 2030, rising adoption of Internet of Things is one of the major opportunities for market players