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MEMS Sensor Market

MEMS Sensor Market

MEMS Sensor Market - Global Industry Assessment & Forecast

Number Of Pages # Pages:

140

Base Year:

2021

Date

Feb - 2022

Format:

PDF XLS PPT

Report Code:

VMR-1275

Segments Covered
  • By Type Pressure Sensors, Inertial Sensors, Other Types
  • By End-User Industry Automotive, Healthcare, Consumer Electronics, Industrial, Aerospace and Defense
  • By Region North America, Europe, Asia Pacific, Middle East & Africa, Latin America
Snapshot
Forecast YearsForecast Years: 2022 - 2028
Historical YearsHistorical Years: 2016 - 2021
Revenue 2021Revenue 2021: USD 3.77 Billion
Revenue 2028Revenue 2028: USD 5.24 Billion
Revenue CAGRRevenue CAGR (2022 - 2028): 4.8%
Fastest Growing Region Fastest Growing Region (2022 - 2028) Asia Pacific
Largest Region Largest Region (2021): Asia Pacific
Customization Offered
  • Cross-segment Market Size and Analysis for Mentioned Segments
  • Additional Company Profiles (Upto 5 With No Cost)
  • Additional Countries (Apart From Mentioned Countries)
  • Country/Region-specific Report
  • Go To Market Strategy
  • Region Specific Market Dynamics
  • Region Level Market Share
  • Import Export Analysis
  • Production Analysis
  • Others Request Customization Speak To Analyst
MEMS Sensor Market Share

MEMS Sensor Market: By Type, Application, and Region

Market Synopsis:

The global MEMS market was valued USD 3.77 Billion in 2021 and is projected to attain a value of USD 5.24 Billion by 2028 at a CAGR of around 4.8% over the forecast period, 2022–2028. MEMS is a technology that has revolutionized the automotive industry. The way it works, MEMS uses micro-sensors to measure not just how far users are from an object but other information like speed, acceleration and direction of travel. This combination of information can then be used to control safety systems like airbags or other devices like radio and GPS.

Growing Installation of ADAS to Drive Growth of MEMS Sensor Market

MEMS Sensor Market Size, 2021 To 2028 (USD Billion)

MEMS has been used in cars since the mid-90s, and use of it is only increasing. In fact, pretty much every new car on the market today uses some form of MEMS technology to control safety devices or advanced driver assistance systems (ADAS). Automotive suppliers like Bosch are starting to integrate MEMS into the windshield of the car, which will allow for better collision avoidance systems. There are several reasons why the demand for MEMS sensors in automobiles is increasing. First, government mandates have made it so automakers must offer more advanced safety systems both in terms of how many cars they sell but also in terms of technology they offer. This has driven up demand for MEMS sensors because they are the driving force behind the technology.

Lastly, automakers see a real competitive edge in offering safety and driver assistance systems that their competitors do not have. The more advanced the car is, more likely the consumers are to buy it and stick with it for longer than other cars.

Market Segmentation:

Below tree is interactive. You can click the nodes to get more information.

By Type, Inertia Sensor to Witness Lucrative Growth in MEMS Sensor Market

Inertia sensor are largely being deployed in increasing number of vehicles as the cost of inertial sensors has come down tremendously over the last decade. With each passing years, automobiles are gradually moving towards advanced safety systems like airbags, collision avoidance system etc. which are enabled by MEMS sensors. In addition to this, increase in government regulations on car safety features has further pushed the demand for MEMS Inertia sensor. Consumer preferences are also evolving in an increasingly safety conscious world, fueling the growth of MEMS sensors in automotive industry.

Asia Pacific is the largest MEMS Sensor for Automotive Market

Asia-Pacific is the largest market for MEMS sensors followed by North America and European region. The growth of this regional market is driven by increasing demand from automotive and consumer electronics industries. Countries such as China, India and Japan has a large number of electronic manufacturing companies and growing middle class population which increases the demand for automotive. Apart from this, Asia Pacific is the largest producer of passenger and commercial vehicles, which further supports the growth of the market.

Key Players:

Some of the major players in the market are Analog Devices, Inc. (U.S.), InvenSense, Inc. (U.S.), General Electric Company (U.S.), Robert Bosch GmbH (Germany), Panasonic Corporation (Japan), Sensata Technologies, Inc. (U.S.), Infineon Technologies AG (Germany), Hitachi, Ltd. (Japan), Harman International (U.S.), Freescale Semiconductor, Inc. (U.S.), STMicroelectronics (Switzerland), Murata Electronics Oy (Finland), Delphi Automotive PLC (U.K.), and Freescale Semiconductor, Inc. (U.S.).

The MEMS Sensor Market is Segmented as follows:

Parameter Details
Segments Covered
  • Type (Pressure Sensors, Inertial Sensors, Other Types)
  • End-User Industry (Automotive, Healthcare, Consumer Electronics, Industrial, Aerospace and Defense)
  • Region (North America, Europe, Asia Pacific, Middle East & Africa, Latin America)
Regions & Countries Covered
  • North America - (U.S., Canada, Mexico)
  • Europe - (U.K., France, Germany, Italy, Spain, Rest Of Europe)
  • Asia Pacific - (China, Japan, India, South Korea, South East Asia, Rest Of Asia Pacific)
  • Latin America - (Brazil, Argentina, Rest Of Latin America)
  • Middle East & Africa - (GCC Countries, South Africa, Rest Of Middle East & Africa)
Companies Covered
  • Analog Devices Inc. (U.S.)
  • InvenSense Inc. (U.S.)
  • General Electric Company (U.S.)
  • Robert Bosch GmbH (Germany)
  • Panasonic Corporation (Japan)
  • Sensata Technologies Inc. (U.S.)
  • Infineon Technologies AG (Germany)
  • Hitachi Ltd. (Japan)
  • Harman International (U.S.)
  • Freescale Semiconductor Inc. (U.S.)
  • STMicroelectronics (Switzerland)
  • Murata Electronics Oy (Finland)
  • Delphi Automotive PLC (U.K.)
  • and Freescale Semiconductor Inc. (U.S.).
Report Coverage Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, technology landscape, patent analysis, market attractiveness analysis by segments and North America, company market share analysis, and COVID-19 impact analysis

The MEMS Sensor Market Scope can be Tabulated as below:

MEMS Sensor Market Anticipated to Reach USD 5.24 Billion by 2028
The MEMS Sensor Market is expected to reach USD 5.24 Billion by 2028, growing at a Compound Annual Growth Rate (CAGR) of 4.8% from 2022 to 2028. Microelectromechanical system (MEMS) sensors provide various advantages such as extremely high sensitivity, accuracy & reliability, sensitivity & selectivi...
FAQ
Frequently Asked Question
  • The global MEMS Sensor valued at USD 3.77 Billion in 2020 and is expected to reach USD 5.24 Billion in 2028 growing at a CAGR of 4.8%.

  • The prominent players in the market are Analog Devices, Inc. (U.S.), InvenSense, Inc. (U.S.), General Electric Company (U.S.), Robert Bosch GmbH (Germany), Panasonic Corporation (Japan), Sensata Technologies, Inc. (U.S.), Infineon Technologies AG (Germany), Hitachi, Ltd. (Japan), Harman International (U.S.), Freescale Semiconductor, Inc. (U.S.), STMicroelectronics (Switzerland), Murata Electronics Oy (Finland), Delphi Automotive PLC (U.K.), and Freescale Semiconductor, Inc. (U.S.)..

  • The market is project to grow at a CAGR of 4.8% between 2021 and 2028.

  • The driving factors of the MEMS Sensor include

    • Growing Installation of ADAS

  • Asia Pacific was the leading regional segment of the MEMS Sensor in 2020.