The global micro electromechanical system (MEMS) sensors market is anticipated to grow at a CAGR of 10.0% during the forecast period (2022-2028).These sensors are widely used in various applications including automobiles. Some key applications in automobile include airbag deployment, skid detection, collision avoidance, automobile navigation, active suspension, antitheft system, and rollover detection. Their eco-friendly nature, compact size, and energy efficiency along with the ease of bulk manufacturing, are further likely to support the overall market growth.
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The market growth is also attributable to the increasing safety concerns in the automotive industry and the advent of automation of industry 4.0. This trend is likely to significantly impact the coming few years as it is widely adopted in multiple industrial settings post COVID-19 situation. Adding to this, the rising usage of autonomous vehicles is poised to drive the use of MEMS sensors in such applications. Safety and security in automobiles, being the major concern of automotive makers is one of the key factors driving the market growth. The MEMS sensors play a critical role in improving the safety features of the vehicles, thereby driving the growth of the market.
Some key players operating in the market include ST Microelectronics N.V., Hewlett-Packard Co., and Texas Instruments Inc., among others. The market players are eyeing on strengthening their position in the market by adopting various strategies as mergers and acquisitions, partnerships, collaborations, new product launch and development in the existing product portfolio, and so on. For instance, in March 2021, a US-based semiconductor test handler company named Boston Semi Equipment (BSE), received repeat orders from automotive customers for multiple Zeus gravity test handlers configured for MEMS high-power and pressure IC testing applications.
Market Coverage
- The market number available for – 2021-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered-
o By Type
o By Application
· Regions covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World
- Competitive Landscape: STMicroelectronics N.V., Hewlett-Packard Co., and Texas Instruments Inc., among others.
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominate the market in the base year?
- Which segment and region will project the fastest growth in the market?
- How COVID-19 impacted the market?
o Deviation from the pre-COVID-19 forecast
o Most affected region and segment
- Who is the leader in the market?
- How are players addressing challenges to sustain growth?
- Where is the investment opportunity?
Global Micro electromechanical System (MEMS) Sensors Market Report by Segment
By Type
· Inertial Sensor
· Pressure Sensor
· Optical Sensor
· Environment Sensor
· Ultrasonic Sensor
By Application
· Consumer Electronics
· Automotive
· Industrial
· Aerospace and Defense
· Healthcare
· Telecommunication
· Others
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