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Micro electro mechanical system sensor market(%) forecast 2020 by application : Research Nester

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Research Nester has recently announced new market demand assessment research titled “Micro electro mechanical system(MEMS) Sensor Market – Global Demand Analysis & Opportunity Outlook 2021“The global MEMS Sensor Market study provides a granular data and in-depth analysis on the current and future market.
MEMS (Micro electro mechanical system) sensors are devices which gather information by analyzing environmental parameters by measuring thermal, chemical, magnetic, mechanical, and optical phenomenon. The sensors have a wide variety of application in various sectors such as automotive, electronics, healthcare etc. MEMS technology is designed to reduce the power consumption and cost of the final product which are some of the major factors driving the MEMS sensor market across the globe. The opportunities in the MEMS sensormarket are increasing with the increased consumption of consumer products. Technological advancement in the product such as size reduction, high accuracy, and new application is expected to drive the market over the forecast period. Increasing safety issues in automotive sector will force the consumers to adopt better safety measures in the vehicle. Low manufacturing cost, ecofriendliness, bulk manufacturing and compact size are some of the factors that can raise the competition between the vendors across the globe.

Market segmentation
By Application :-
MEMS sensors have a wide variety of application in various sectors, the sensors can be segmented into following sectors on the basis of their application:-
Consumer Products
Automotive Sector
Healthcare Sector
Industry Sector
2.By Application In Automotive Sector:-

On the back of spiked safety issue in automotive sector, many sensors are used in vehicle to measure the parameters such as pressure, heat, collision parameters etc. MEMS sensors in automotive sector are further segmented into following categories:-
Tyre Pressure Sensors
Fuel Pressure Sensors
Oil Pressure Sensors

4. By Application In Healthcare Device

Due to growing importance of human life, Healthcare care has emerged as one of the biggest and fastest growing industry across the globe. MEMS sensors are used in medical facilities and equipment such as CT scan, X-ray machines, ECG etc. MEMS sensors in healthcare industry is further segment in to following categories:-
Blood Pressure Sensor
Endoscope Pressure Sensor
Intracranial Pressure Sensor

Growth drivers and challenges

Increasing applications in healthcare instruments, rising safety concerns in automotive sectors, growing consumer product industry and development in the industry sectors are some of the factors strengthening the growth of MEMS sensor market across the globe. The technology has led the smart phones market to a new horizon as MEMS sensors are used in smart phones; with technological advancement of the sensor this factor is likely to boost the MEMS sensor market in the upcoming years.

Market size and forecast

The MEMS Sensor market is expected to reach USD 3.54 billion by 2021 and projected to expand with higher momentum in the upcoming year. Higher consumer product consumption is expected to be the key market driver, as it acquired 40% market share of global MEMS market across the globe by sectors in 2015.Further, Asia-pacific region is expected to contribute the highest share in the market due to rising demand in emerging economic countries such as India and China.

Key players

Following are the leading players providing MEMS sensors across the globe:-

  • STMicroelectronics
  • N. V., MegaChips Corporation
  • AMS AG
  • Robert Bosch GmbH
  • InvenSense Inc
  • Panasonic
  •  Canon
  • Seiko Epson Corporation
  • Infineon Technologies
  • Avago Technologies
  • Freescale Semiconductor Inc.

To know more on coverage, click on the link below:-

MEMS Sensor Market : Global Demand Analysis & Opportunity Outlook 2021

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Contact for more info:
Ajay Daniel
Email: ajay.daniel@researchnester.com
Phone : U.S. +1 646 586 9123
U.K. +44 203 608 5919

 

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