The total MEMS Sensors Market Value was USD 11,686 Million in 2020 which is expected to reach up to USD 19, 600 Million by 2028. During the forecast period 2022-2028, the market is expected to grow at a Compound Annual Growth Rate of 6.5%.
MEMS sensors are used in different electronic devices such as smartphones, laptops, and others. MEMS accelerometers are used widely for shock detection, gaming control, text scroll, image stability, menu navigation, and other features. MEMS Sensors are widely used across various industries as they can gather information by analyzing different environmental parameters by measuring mechanical, magnetic, thermal, and optical phenomena.
MEMS (Micro Electro Mechanical Systems) is a technology that combines electronic and mechanical components to sense and monitor changes.
The MEMS Sensors Market Growth is expected to be rapid during the forecast period these sensors are in demand for reliability and accuracy. They are used in thermal cameras, temperature guns, and automobiles for convenience, comfort, and safety.
The COVID-19 pandemic has increased the demand for MEMS sensors as they are used in thermal guns for temperature checking. These sensors were used for monitoring the real-time PCR(Polymerase Chain Reaction) diagnostic tests for detecting the presence of the COVID-19 virus.
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The global MEMS Sensors Market is segmented based on application, types, materials, and region.
Based on material, the market is further divided into metal, polymer, silicon, and ceramic.
Based on the type, the MEMS Sensors Market is fragmented into pressure, optical, microphone, inertial, and environmental.
By application, the market is divided into aerospace, healthcare, defense, automotive, consumer electronics, and others. The significant market share is expected to be occupied by the automotive sector owing to the rapid growth of the automotive sector and rising demand for MEMS sensors to make automobiles more intelligent.
The global MEMS Sensors Market is divided into the regions- Europe, North America, Asia Pacific, and the rest of the world.
North America holds a significant share of the market as it houses the major key players in MEMS Sensor Market. Faster adoption of technology will drive the growth of the market in this region.
The Asia Pacific is expected to be the largest MEMS Sensors Market during the forecast period because of continuous growth in the automobile and consumer electronics segments. Japan, China, and India are anticipated to offer lucrative growth opportunities to the MEMS Sensors Market in the coming years.
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The global MEMS Sensors Market is very competitive and many key players are present in the market. The market is dominated by a few players who are continuously adopting different strategies to expand their customer base across countries. The MEMS Sensors Market Key Players also invest in research and development to innovate their products so that they can occupy a large share of the market.
- November 2020- A 200-mm semiconductor wafer production line was opened by STMicroelectronics at its manufacturing setup in Italy.
- January 2021- TSK Corporation launched a new product named InvenSense T5838 for its SmartSound product line.
- March 2021- OMRON launched its FH-SMD Vision Sensor series for robot arms.
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