| Product Code: ETC5557026 | Publication Date: Nov 2023 | Updated Date: Oct 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Vasudha | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 |
Grenada`s import shipments of motion sensors in 2024 saw significant contributions from top exporting countries like Trinidad and Tobago, USA, China, Canada, and Panama. Despite a high Herfindahl-Hirschman Index (HHI) indicating market concentration, the industry experienced a healthy Compound Annual Growth Rate (CAGR) of 8.57% from 2020 to 2024. However, there was a slight decline in the growth rate from 2023 to 2024 at -10.38%, suggesting a potential slowdown in the market. Continued monitoring and analysis will be crucial to understand the evolving dynamics of motion sensor imports in Grenada.
The motion sensor market in Grenada benefits from rising demand across sectors like security, automotive, and consumer electronics. Motion sensors are used in various applications such as home security systems, automatic lighting, and smart devices. Innovations in sensor technology and the growing adoption of smart homes and connected devices are key market drivers.
The Motion Sensor market in Grenada is driven by the increasing need for security, automation, and energy efficiency. Motion sensors are widely used in applications such as security systems, lighting control, and home automation. As consumers and businesses seek smarter, more energy-efficient solutions, the demand for motion sensors in Grenada continues to grow.
The Motion Sensor Market faces slow growth due to low demand from Grenadas small residential and industrial sectors. High costs of advanced sensors also impact adoption.
Grenadas policies on motion sensors are centered on encouraging innovation in smart technology applications across various sectors, including security, healthcare, and energy. The government has introduced regulations to ensure the quality and safety of motion sensor products and systems used in these industries. Tax credits and subsidies are available for businesses investing in research and development to improve motion sensor technologies. The government is also focused on promoting the use of motion sensors in energy efficiency programs, helping to reduce energy consumption across Grenada`s residential and commercial sectors.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Grenada Motion Sensor Market Overview |
3.1 Grenada Country Macro Economic Indicators |
3.2 Grenada Motion Sensor Market Revenues & Volume, 2021 & 2031F |
3.3 Grenada Motion Sensor Market - Industry Life Cycle |
3.4 Grenada Motion Sensor Market - Porter's Five Forces |
3.5 Grenada Motion Sensor Market Revenues & Volume Share, By Motion Technology , 2021 & 2031F |
3.6 Grenada Motion Sensor Market Revenues & Volume Share, By Embedded Sensor, 2021 & 2031F |
3.7 Grenada Motion Sensor Market Revenues & Volume Share, By Function, 2021 & 2031F |
3.8 Grenada Motion Sensor Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Grenada Motion Sensor Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for smart home automation systems in Grenada |
4.2.2 Growing awareness about energy efficiency and security concerns |
4.2.3 Technological advancements leading to improved motion sensor capabilities |
4.3 Market Restraints |
4.3.1 High initial installation costs of motion sensor systems |
4.3.2 Limited consumer awareness about the benefits of motion sensor technology |
4.3.3 Lack of skilled professionals for installation and maintenance services |
5 Grenada Motion Sensor Market Trends |
6 Grenada Motion Sensor Market Segmentations |
6.1 Grenada Motion Sensor Market, By Motion Technology |
6.1.1 Overview and Analysis |
6.1.2 Grenada Motion Sensor Market Revenues & Volume, By Active, 2021-2031F |
6.1.3 Grenada Motion Sensor Market Revenues & Volume, By Microwave, 2021-2031F |
6.1.4 Grenada Motion Sensor Market Revenues & Volume, By Passive, 2021-2031F |
6.1.5 Grenada Motion Sensor Market Revenues & Volume, By Others, 2021-2031F |
6.2 Grenada Motion Sensor Market, By Embedded Sensor |
6.2.1 Overview and Analysis |
6.2.2 Grenada Motion Sensor Market Revenues & Volume, By MEMS Accelerometer, 2021-2031F |
6.2.3 Grenada Motion Sensor Market Revenues & Volume, By MEMS Gyroscope, 2021-2031F |
6.2.4 Grenada Motion Sensor Market Revenues & Volume, By MEMS Magnetometer, 2021-2031F |
6.2.5 Grenada Motion Sensor Market Revenues & Volume, By Sensor Combos, 2021-2031F |
6.3 Grenada Motion Sensor Market, By Function |
6.3.1 Overview and Analysis |
6.3.2 Grenada Motion Sensor Market Revenues & Volume, By Fully Automatic, 2021-2031F |
6.3.3 Grenada Motion Sensor Market Revenues & Volume, By Semi-Automatic, 2021-2031F |
6.4 Grenada Motion Sensor Market, By Application |
6.4.1 Overview and Analysis |
6.4.2 Grenada Motion Sensor Market Revenues & Volume, By Consumer electronics, 2021-2031F |
6.4.3 Grenada Motion Sensor Market Revenues & Volume, By Automotive application, 2021-2031F |
6.4.4 Grenada Motion Sensor Market Revenues & Volume, By Industrial application, 2021-2031F |
6.4.5 Grenada Motion Sensor Market Revenues & Volume, By Healthcare, 2021-2031F |
6.4.6 Grenada Motion Sensor Market Revenues & Volume, By Commercial, 2021-2031F |
6.4.7 Grenada Motion Sensor Market Revenues & Volume, By Residential, 2021-2031F |
6.4.8 Grenada Motion Sensor Market Revenues & Volume, By Others, 2021-2031F |
6.4.9 Grenada Motion Sensor Market Revenues & Volume, By Others, 2021-2031F |
7 Grenada Motion Sensor Market Import-Export Trade Statistics |
7.1 Grenada Motion Sensor Market Export to Major Countries |
7.2 Grenada Motion Sensor Market Imports from Major Countries |
8 Grenada Motion Sensor Market Key Performance Indicators |
8.1 Number of new smart home installations incorporating motion sensors |
8.2 Energy savings achieved through motion sensor technology adoption |
8.3 Rate of adoption of motion sensor technology in commercial buildings and public spaces |
9 Grenada Motion Sensor Market - Opportunity Assessment |
9.1 Grenada Motion Sensor Market Opportunity Assessment, By Motion Technology , 2021 & 2031F |
9.2 Grenada Motion Sensor Market Opportunity Assessment, By Embedded Sensor, 2021 & 2031F |
9.3 Grenada Motion Sensor Market Opportunity Assessment, By Function, 2021 & 2031F |
9.4 Grenada Motion Sensor Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Grenada Motion Sensor Market - Competitive Landscape |
10.1 Grenada Motion Sensor Market Revenue Share, By Companies, 2024 |
10.2 Grenada Motion Sensor Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |