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Technavio’s market research analyst predicts the global passive infrared (PIR) motion sensor market to grow at a steady CAGR of around 11% during the forecast period. The increasing military and defense expenditure of various countries is likely to drive the PIR motion sensor market during the predicted period. Since these sensors are primarily used for target discrimination, they can detect and localize moving targets. Many countries in South Asia, Eastern Europe, and the Middle East have increased their military budget for R&D activities to develop more equipment and to upgrade their existing detecting and tracking technologies. This increase in the military spending is likely to create a demand for PIR sensors.
The recent increase in public construction projects is expected to drive market growth until the end of 2020. Recently, it has been observed that new construction projects like public buildings, private residences, office buildings, shopping complexes, and airports are installing systems such as automatic doors, escalators, and automatic taps, which deploy PIR motion sensors. This increase in the construction of public buildings and office buildings, which require PIR motion sensors for the efficient functioning of escalators and automatic doors, will result in the augmented adoption of such sensors during the estimated period.
The security application segment currently dominates this market and is expected to grow at a CAGR of around 7% until 2020. PIR sensors are highly cost effective and are considered to be the most reliable motion detectors available in the market. Consequently, the market is witnessing a high demand for PIR motion sensors and this trend is expected to continue throughout the predicted period. Burglar alarms are the most popular PIR motion sensors due to the consumers’ growing preference for safety.
In this market study, analysts have estimated the APAC region to be the largest market for PIR motion sensors during the forecast period. The increasing military budget in some of the Asian countries like China, India, Pakistan, South Korea, and Japan has fostered the demand for PIR motion sensors for various military applications. The market in this region is anticipated to grow at an impressive CAGR of around 12% during the forecast period.
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 price to gain maximum market shares. The level of competition in the market is expected to intensify due to technological innovations, upgrades, and M&As.
Leading vendors in the market are -
Other prominent vendors in the market include Cypress Semiconductor, Elmos Semiconductor, and Epson Toyocom.
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PART 01: Executive summary
PART 02: Scope of the report
PART 03: Market research methodology
PART 04: Introduction
PART 05: Technology landscape
PART 06: Market landscape
PART 07: Market segmentation by application
PART 08: Geographical segmentation
PART 09: Market drivers
PART 10: Impact of drivers
PART 11: Market challenges
PART 12: Impact of drivers and challenges
PART 13: Market trends
PART 14: Vendor landscape
PART 15: Key recommendations
PART 16: Market summary
PART 17: Appendix
PART 18: Explore Technavio
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