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Pulished Date April, 2021
ID: 8855
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MEMS Sensors Market Analysis – By Type (Pressure Sensors, Inertial Sensors (Accelerometers, Gyroscopes), Chemical Sensors), By Application (Consumer Products, Automotive, Healthcare, Others), By Region ((North America (U.S., Canada), Europe (UK, France, Spain, Germany, Italy, Russia, Sweden, Denmark, Switzerland, Netherlands, Turkey, Czech Republic & Rest of EU), Asia Pacific (India, China, Japan, South Korea, Australia & New Zealand, Thailand, Malaysia, Vietnam, Philippines, Indonesia, Singapore & Rest of APAC), Latin America (Brazil, Mexico, Argentina, Chile), Middle East and Africa (KSA, UAE, Israel, rest of GCC countries, South Africa, Ethiopia, Kenya, Egypt, Sudan, rest of MEA)) - Global Industry Analysis on Size, Share, Trends, Growth, Forecast | 2021 - 2026

Pulished: April, 2021
ID: 8855
Pages: 100

MEMS Sensors Market Size, Share & Growth (2021 - 2026)

The size and share of MEMS Sensors Market Size is Expected to grow with a CAGR of 14.4% during the forecast period 2021 - 2026.

MEMS sensors are instruments that collect information by evaluating environmental parameters by monitoring thermal, chemical, electrical, mechanical and optical phenomena. The sensors have a wide range of applications in different sectors like automobiles, telecommunications, healthcare, etc.

MEMS sensor has emerged as being one of the revolutionized components used in healthcare equipment, technological advances in the MEMS sensor market are opening up new application opportunities in healthcare systems, growing customer demand for better medical facilities is anticipated to drive the MEMS sensor market throughout the forecast period.

Recent Developments

Industry Driving Factors

Some of the main factors that play a vital role in market growth are the growing demand for safety and security in automobiles. Technological progress in the product is anticipated to drive the demand throughout the forecast period, like reduction in size, higher accuracy, and new application.

Major Challenges    

However, some factors are challenging the growth of the market. One of the main challenges faced is the MEMS sensors high implementation costs. The integration of MEMS sensors in automobiles due to interface design consideration is the other challenging aspect for the growth of the market. In addition, other major constraints for the global MEMS sensor market are efficiency in parameter calculation, calibration problems during sensor fusion, high competition between main players.

Growth Opportunities

With the increasing consumption of consumer goods, the opportunities for the MEMS sensor market are rising. However, Low manufacturing costs, Eco-friendliness, large-scale manufacturing, and compact size are among the factors that can boost vendor competition around the world. The introduction of electric vehicles (EVs) in the sector has had a significant impact on the demand for and allocation of pressure and magnetic sensors, and long-term demand is projected to increase further. This increases the sales of electric cars, increases the demand for sensors, increases the number of sensors used for battery monitoring and helps in positioning and detection of the number of moving parts of the automobile.

REPORT COVERAGE

REPORT METRIC

DETAILS

Market Size Available

2018 – 2024

Base Year

2018

Forecast Period

2019 - 2024

Segments Covered

By Type, Application & Region

Various Analyses Covered

Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities

Regions Covered

North America, Europe, APAC, Latin America, Middle East & Africa

Market Leaders Profiled

STMicroelectronics N. V., MegaChips Corporation., AMS AG, Robert Bosch GmbH, InvenSense Inc., Panasonic, Canon, Seiko Epson Corporation, Infineon Technologies, Knowless & 7+ companies

 

This research report on the Global MEMS Sensors Market has been segmented & sub-segmented into the following categories and evaluated market size & forecast for each segment until 2024.

MEMS Sensors Market – By Application

  • Consumer Products
  • Automotive
  • Healthcare
  • Defense
  • Telecom
  • Others

In the vertical segmentation of the MEMS Sensors Market, the Automotive segment is estimated to grow drastically owing to the advancements in the automobile industry and the implementations of them in the vehicles for safety concerns by major players of the automobile industry.

MEMS Sensors Market – By Type

  • Pressure Sensors
  • Inertial Sensors
    • Accelerometers
    • Gyroscopes
  • Chemical Sensors

The inertial type is estimated to account for the dominant share in the global MEMS sensors market in the coming years, owing to the increasing application in industries like automotive and others.

MEMS Sensors Market - By Actuator Type

  • Optical
  • Inkjet Head
  • Microfluidics
  • Radio Frequency (RF)
    • Switch
    • Filter
    • Oscillator

The RF actuator is likely to expand with the highest growth rate in the forecast period, accounting for the principal portion due to its usage in consumer electronics and IoT devices.

MEMS Sensors Market – By Region

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa

Asia Pacific (APAC) retained the greatest MEMS market share in the last few years and is projected to grow in the forecast period at the highest CAGR. APAC is the main consumer for electronics, automotive, and vertical industry sectors. In turn, APAC has become a regional center for significant investments and prospects for business expansion.

Tire pressure monitoring system (TPMS) has been one of the major MEMS sensor implementations in the automotive sector. The prominent role of China in introducing TPMS for its vehicles throughout the forecast period is anticipated to contribute significantly to the growth of the industry. In addition, autonomous driving standardization and advanced driver assistance (ADAS) systems are accelerating development.

The Americas represented the MEMS market's second-largest share in the past. This rise is due to the involvement of many of the major MEMS manufacturing firms and MEMS foundries; the increasing industrial and home automation; and the acceptance of digital technologies such as augmented reality (AR) and virtual reality (VR) and the Internet of Things (IoT).

Key Market Companies leading the Global MEMS Sensors Market Profiled in the Report are STMicroelectronics N. V., MegaChips Corporation., AMS AG, Robert Bosch GmbH, InvenSense Inc., Panasonic, Canon, Seiko Epson Corporation, Infineon Technologies, Knowless , Denso, Avago Technologies, Sensata, Measurement Specialties Inc., Analog Devices Inc., Kionix Inc., Memsic Inc., Freescale Semiconductor Inc., Alps Electric Co. Ltd., Texas Instruments Inc

 

  • Global, Regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
  • The segment-level analysis in terms of raw materials, by application, along with market size forecasts and estimations to detect key areas of industry growth in detail
  • Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
  • Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographics, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
  • Study the microenvironment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analyzing the level of competition and business strategy development
  • A comprehensive list of key market players along with with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
  • Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
  • An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis, and main conclusions
  • Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market

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