MEMS and Sensors Market Overview
The global MEMS and Sensors Market was registered with a share of USD 18.2 billion with a CAGR of 8.1% by 2030 during the forecast period. The micro-electro-mechanical systems or MEMs were a combination of the technology of mechanical and electronic components such as microelectronics, actuators, miniaturized structures, and sensors. In most countries such as Japan and Europe, it was also known as micromachines and microsystems technology or MST.
The demand for MEMS and Sensors Market was increased because of the rise in adoption of the devices which are connected and the increased demand for IoT technology from various industries and customers. There was high demand for sensors in wearable devices and various types of electronics such as digital cameras, navigation devices, tablets, smartphones, laptops, and portable media players. The MEMS is widely used in most healthcare sectors for diagnostic and treatment equipment, imaging applications, etc.
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The key players involved in the global MEMS and Sensors Market are-
- Infineon (Germany)
- Panasonic (Japan)
- STMicroelectronics (Europe)
- Murata Manufacturing Co (Japan)
- Robert Bosch GmbH (Germany)
- Denso Corporation (Japan)
- NXP Semiconductors (Netherlands)
- Hitachi Ltd (Japan)
- Texas Instruments (US)
- Invensense (US)
- Allego microsystems (US)
- Hewlett Packard (US)
- Mega Chips Corporation (Japan)
- Honeywell (US)
- Qualcomm (US).
Report Scope:
|
Report Attribute/Metric |
Details |
|
Market Size in 2030 |
USD 18.2 billion |
|
Growth rate: |
CAGR of 8.1% from 2022 to 2030 |
|
Forecast Period |
2020-2030 |
|
Report Coverage |
Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
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The growth of the MEMS market increased automatically because most automotive industries need pressure sensors, inertial sensors, and flow sensors for the improvement of their safety and automobile comfort. The MEMS pressure sensors help in measuring the fuel tank, manifold air pressure (MAP), and engine oil. The development of the MEMS market was driven by the increased adoption of smart connected devices such as smart wearable devices, smart homes, and connected cars, and the emerging growth of the automotive industry.
The major key driver for the MEMS and Sensors Market Growth was the smart features of the global MEMS market such as eco-friendly and bulk manufacturing, and compact size, and energy efficiency. The growth of the global MEMS and Sensors Market was revolutionized by the high adaptation of the industrial IoT. In the next seven years, the growth was driven by the booming advancement in technology such as sensor fusion.
There are many advantages of MEMS technology such as miniaturization, low cost, integration, low power consumption, and high performance. The market size and growth were hampered by the increase in the adoption of smart devices such as computing devices, smart wearables, smartphones, and PDAs which constrained the growth of the market.
Market Segmentation
The global MEMS and Sensors Market was segmented based on type, material, and application.
Based on type, the global MEMS and Sensors Market was divided into optical, environmental, microphone, inertial, and pressure.
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Based on material, the global MEMS and Sensors Market was divided into ceramic, polymer, silicon, and metal.
Based on application, the global MEMS and Sensors Market was divided into automotive, industrial, healthcare, aerospace & defense, and consumer electronics.
Regional Classification
The global MEMS and Sensors Market was spread in the following regions – Asia-Pacific, Europe, North America, and rest of the World.
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