Market Scenario
The global MEMS & sensors market 2020 is expected to reach nearly USD 26.1 billion by 2023 growing at 10.2% CAGR over the forecast period of 2018—2023.
Market Highlights
The micro-electro-mechanical systems sensor market is growing as IoT technology demand is growing and connected devices are increasingly being taken over. In wearable devices and consumer electronics such as portable media players, smartphones , laptops, tablets , digital cameras, and navigation devices, these sensors are widely used.
In recent years, MEMS has been used for diagnostic and imaging applications, treatment equipment positioning applications, and medical devices such as bionic limbs and other artificial body parts, in various verticals like healthcare industry. In the automotive industry, MEMS sensors like pressure sensors, inertial sensors, and flow sensors are commonly used to improve the safety and comfort of automobiles. The MEMS pressure sensors are used to measure the pressure of the manifold air (MAP), the fuel tank and the motor oil. The deployment of MEMS accelerometers has eliminated the use of g-switches for air bag control in the automotive industry; this is owing to its low cost and energetic self-testing competence.
The growth in the adoption of smart connected devices comprising smart homes , connected cars, smart wearable devices and the enormous growth of the automotive industry are some of the drivers that impact the growth of this market.
Morevoer, complex manufacturing and packaging process of MEMS to prevent electrical and other device components from air and water contamination may hinder the growth of MEMS & sensors market.
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Segmentation
The global market for MEMS & sensors is segmented according to material, types, and application.
The market is segmented by application including consumer electronics, healthcare, industrial, aerospace & defense, and automotive. The MEMS accelerometer sensors are widely used in electronic devices like laptops, smartphones and others. The accelerometer is integrated into the laptops as it detects the sudden free fall and switches off the hard drive immediately to prevent damage. In smartphones, the accelerometers are integrated to provide various features such as image stability, shock detection, menu navigation, text scrolling, gaming control, silent mode activation, and movement dialing, and more. Moreover, the capability to reliably monitor the motion using sensors based on MEMS technology has led to the demand of MEMS sensors in the health and fitness products.
The market is segmented by type into inertial, compressive, microphone, environmental, and optical.
The market is segmented by materials into silicon, polymer, metal and ceramics.
Regional Assessment
The global MEMS & sensors market geographic analysis is being studied for North America, Europe , Asia-Pacific and the rest of the world.
North America is one of the technology's early adopters and holds significant market share among other regions due to the presence of leading market players such as InvenSense, Texas instruments, Qualcomm, Allego microsystems, Honeywell, and Bosch. The other factors affecting the growth of the MEMS & sensors market in this region are the increasing adoption of smart devices such as smart wearables, smartphones, PDAs and computer equipment.
Whereas Asia-Pacific holds the largest market among other regions owing to the proliferating Chinese market due to the increasing number of smart consumer electronics devices and the presence of key players like Mega Chips Corporation, Panasonic, Denso Corporation, and Hitachi Ltd.
Competitive Analysis
Some of the key players of global MEMS & sensors market includes NXP Semiconductors (Netherlands), STMicroelectronics (Europe), Denso Corporation (Japan), Robert Bosch GmbH (Germany), Texas Instruments (US), Panasonic (Japan), Murata Manufacturing Co (Japan), Invensense (US), Hewlett Packard (US), Honeywell (US), Infineon (Germany), Allego microsystems (US), Qualcomm (US), Mega Chips Corporation (Japan), Hitachi Ltd (Japan).
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