The global microelectromechanical systems sensors market is anticipated to witness tremendous growth owing to increasing use in consumer applications. It gathers information from the environment through measuring mechanical, biological, thermal, chemical, magnetic and optical phenomenon. Evolution in microelectromechanical systems sensors (MEMS) sensors technology has lead to reduction in size of the sensor making it efficient, cost-effective, and compatible at the same time. High demand for smart-phone is expected to drive market growth over the forecast period. Increasing safety concerns and regularity requirements is expected to increase the adoption of MEMS sensor in the automotive sector. They are used for electronic stability control, tire pressure monitoring, frontal airbag, and side airbags. Increasing use in wearable system is anticipated to be a key driver for the micro-electro-mechanical Systems sensors market over the forecast period. Increasing popularity in the healthcare segment is expected to propel market growth. Industrial Internet of Thing (LoT) is expected to drive the growth of MEMS devices in applications such as assets tracking systems, building automation, and smart grids. Technological advancement such as sensor fusion is anticipated to drive MEMS sensors market growth over the next seven years. The benefit of MEMS technology includes low power consumption, low cost, miniaturization, integration and high performance. Increasing investment in research and development and continuous innovation may lead to enhanced sensing techniques and improved technical capability.
Accuracy and calibration issues during sensor fusion may pose a challenge to market growth. Intense competition among market players is a key challenge, forcing them to keep the price low to remain competitive in the market.
Microelectromechanical systems sensors market can be segment based on application into consumer products, automotive, healthcare and other application. MEMS sensors can also be segmented based on the type into pressure sensors, inertial sensors (accelerometers, gyroscopes), and chemical sensors. Application of MEMS sensors in automobile includes tire pressure, oil pressure, fuel pressure, and airflow. Blood pressure sensors, endoscopes, and intracranial pressure sensors are few applications of pressure sensors in biomedical applications. Airbag deployment, collision avoidance and skid detection, automobile navigation, antitheft system, active suspension, and rollover detection. are some of the automobile applications of the inertia sensor. Features such as eco-friendly and bulk manufacturing, compact size and energy efficiency are expected to be the key driver for the automobile microelectromechanical systems sensors market.
Asia Pacific is anticipated to be key regional Microelectromechanical systems sensors market over the forecast period owing to presence of emerging economies China and India along with increasing growth of the automobile and consumer electronics segments.
Key market players in microelectromechanical systems sensors market 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 etc. In March 2015 AMS AG, an Austrian company acquired German-based ASIC maker ACAM to strengthen ACAM’s product portfolio for sensor application owing to AMS’s much larger research and development, manufacturing resource, and sales. In October 2014 MegaChips Corporation acquired SiTime Corporation to strengthen technological capability. Market players may turn to acquisition to build combination devices to strengthen their product portfolio. Strategic partnership and investment in MEMS providers may provide semiconductor companies opportunities to gain aces to emerging MEMS devices for instance in 2013, component maker Alps Electric made USD 3 Million strategic investment in Qualtre to strengthen its MEMS expertise. STMicroelectronics MEMS sensor portfolio includes accelerometers, digital compasses, gyroscopes and humidity sensors. Fairchild Semiconductor International Inc. acquired Xsens Technologies BV to gain technological capability to enter into the inertial MEMS sensor market. In March 2015, NXP Semiconductors N.V. and Freescale Semiconductor announced a merger of USD 40 billion to enhance their market presence in automotive semiconductor solutions and general-purpose microcontroller (MCU) products.
This report has a service guarantee. We stand by our report quality.
We are in compliance with GDPR & CCPR norms. All interactions are confidential.
Design an exclusive study to serve your research needs.
Get your queries resolved from an industry expert.
"The quality of research they have done for us has been excellent..."
The recent COVID-19 pandemic that has been ravaging numerous countries across the globe has adversely affected the overall sensor, control, and automation industry. While the capital investments in the automation sector have been lethargic before the pandemic, they are expected to be put on hold or postponed for at least a year. However, the recent standstill in industrial manufacturing and production is anticipated to act as a wake-up call for the manufacturing sector on its reliance on human labor. This, in turn, is expected to highlight the advantages of robotics and automation helping a greater adoption in the post-pandemic period. As IoT, industrial automation, and digitalization are expected to become increasingly relevant to post-pandemic Tier 1 manufacturers, it may eventually turn into an opportunity especially in evolving supply chains. The report will account for Covid19 as a key market contributor.