The Europe Motion Sensor Market was valued at $1.2 billion in 2014, and is projected to reach $3.4 billion by 2019, at a CAGR of 22.8% from 2014 to 2019. Europe is considered to be the second largest region in the global motion sensors market.
One of the most significant drivers influencing the growth of the Europe motion sensor market is the increasing demand for accelerometers in the consumer electronics segment of this region. Currently, the commercial sector is the largest segment of this market; it has registered a share of 55.8% in 2014, and is projected to grow at a CAGR of 24.0% from 2014 to 2019.
In 2014, motion sensor product gyroscopes entered into the $115 billion Smartphone market. Earlier, only accelerometers enabled the motion feature in smartphones, but now gyroscopes will also interface with accelerometers. Widespread applicability of accelerometers and gyroscopes influenced the overall popularity of motion gaming, which in turn is considered as the most significant driver affecting the growth of the Europe motion sensor market.
The largest end-user of the Europe motion sensor market is the commercial sector, followed by the automotive industry and industrial manufacturing sector. Although the industrial manufacturing sector is currently not the highest revenue-generating sector, it is expected to grow at a CAGR of 25.9% during the forecast period.
Major companies operating in the Europe motion sensors market include STMicroelectronics N.V. (Europe), Murata Manufacturing Co. Ltd. (Japan), Analog Devices, Inc. (U.S.), 3M Touch Systems, Inc. (U.S.), Invensense, Inc. (U.S.), and Kionix, Inc. (U.S.) among others.
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