TMCnet News
Defense Segment to Grow the Fastest, Posting a CAGR of Over 21% in the Global Passive Infrared Motion Sensor Market from 2016-2020, Reports TechnavioAccording to the latest market study released by Technavio, the global passive infrared (PIR) motion sensor market is expected to grow at a CAGR of close to 11% during the forecast period. This research report titled 'Global Passive Infrared Motion Sensor Market 2016-2020' provides an in-depth analysis of the market in terms of revenue and emerging market trends. This market research report also includes up to date analysis and forecasts for various market segments and all geographical regions. Request sample report: http://goo.gl/nFkhRo Based on application, the report categorizes the global passive infrared motion sensor market into the following:
Global passive infrared motion sensor market by security The market is seeing a high demand for PIR motion sensors as they are affordable and are considered to be the most reliable motion detectors. The 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 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. Asif Gani, one of the lead analysts at Technavio for research on sensors, says, "Companies such as Smarter Security are in the process of making intelligent security systems with the help of PIR motion sensors. These products have been developed by combining two PIR motion sensors to remove the stealth zone and for a minimum amount of vulnerability." Global passive infrared motion sensor market by commercial The highest demand in this segment will come from the automati door application. Automatic doors provide ease of accessibility and add aesthetic appeal to a building. The growing industrialization worldwide has led to an increase in the construction of office buildings, shopping complexes, and airports. As a result, the demand for automatic doors has increased, which, in turn, is driving the market for PIR motion sensors. Technavio research analysts expect the market to grow on a long-term basis, with demand primarily coming from Asian countries such as China, Singapore, and India. Other regions such as Europe and North America will show a stable growth during the forecast period. Apart from automatic doors, PIR motion sensors are also used in vending machines, escalators, and automatic taps in washrooms. Global passive infrared motion sensor market by smart homes The application of PIR motion sensors in smart homes includes smart lighting, yard alarms, and driveway alarms. Consumers are demanding PIR motion sensors for home automation as they help save energy by smartly handling the lighting system. These sensors trigger the lighting system on detecting the presence of an object. PIR motion sensor-integrated yard alarms and driveway alarms alert house owners on the entry of an individual or a vehicle on their premises. A house owner can connect a PIR motion sensor with an Internet Protocol (IP) camera to obtain footage of the outside area of the house and send the images to the connected devices such as a smartphone or a tablet. Global passive infrared motion sensor market by defense The defense segment will grow at the highest CAGR as governments of countries such as the UK, Russia, and China, as well as Middle-Eastern countries, are planning to increase their defense expenditure. These countries will likely allocate a major portion of their budgets to military equipment due to increasing terror attacks. "The UK government is planning to boost its military budget to around USD 18 billion during the forecast period. This will increase the demand for PIR motion sensors that are primarily used in target detection applications," adds Asif. The top vendors highlighted by Technavio's research analysts in this report are: Browse Related Reports:
Do you need a report on a market in a specific geographical cluster or country but can't find what you're looking for? Don't worry, Technavio also takes client requests. Please contact [email protected] with your requirements and our analysts will be happy to create a customized report just for you. About Technavio Technavio is a leading global technology research and advisory company. The company develops over 2000 pieces of research every year, covering more than 500 technologies across 80 countries. Technavio has about 300 analysts globally who specialize in customized consulting and business research assignments across the latest leading edge technologies. Technavio analysts employ primary as well as secondary research techniques to ascertain the size and vendor landscape in a range of markets. Analysts obtain information using a combination of bottom-up and top-down approaches, besides using in-house market modeling tools and proprietary databases. They corroborate this data with the data obtained from various market participants and stakeholders across the value chain, including vendors, service providers, distributors, re-sellers, and end-users. If you are interested in more information, please contact our media team at [email protected].
View source version on businesswire.com: http://www.businesswire.com/news/home/20160728005011/en/ |
