Rising Adoption of MEMS Propelling the Market Growth of Semiconductor Sensors
The growing adoption of MEMS as well as the advent of sensor fusion technology, is likely to drive the market growth in the coming years. Further, the increasing deployment of semiconductor sensors in the automotive industry is propelling the market growth. With the growing focus on enhancing the safety and reliability of automobiles, sensor fusion technology is increasingly leveraged in the automotive industry, which is bolstering the semiconductor sensors market growth.The increasing penetration of autonomous driving technology is also leading to a surge in the utilisation of semiconductor sensors to enable the self-navigation of autonomous vehicles, which is anticipated to fuel the market’s expansion in the forecast period. Moreover, the market growth in the coming years can be attributed to the rising deployment of semiconductor sensors in various applications like optical devices, navigation systems, health monitors, and motion sensors, among others.
Market Segmentation
Semiconductor sensors or integrated IC sensors are fitted with reverse bias, a limited capacitance, and low leakage current. They are mounted on thin silicon wafers. They are usually compact, have linear outputs as well as a wide temperature range. Sensors are integrated circuits (ICs), which are built into devices to track or quantify physical movements. Proximity sensors, light sensors, geometric sensors, motion sensors, and fingerprint sensors are among the sensors that are built into consumer electronic products, vehicles, industrial equipment, and aerospace and defence equipment.Market Breakup by Type
- Wired
- Wireless
Market Breakup by Applications
- Consumer Electronics
- Automotive
- Industrial
- Others
Market Breakup by Region
- North America
- Europe
- Asia-Pacific
- Latin America
- Middle East and Africa
Technological Advancements and Innovations to Bolster the Market for Semiconductor Sensors
The demand for semiconductor sensors is being aided by the increasing use of MEMS technology using micro-fabrication techniques to produce miniaturised mechanical as well as electromechanical components. The growing use of miniature semiconductor components in consumer electronics systems is boosting demand for MEMS sensors. Owing to its capability to obtain an extremely accurate and precise view of data, sensor fusion technology is garnering enormous popularity, which is aiding the growth of the semiconductor sensors market. Intelligent devices can incorporate data from various sensors such as gyroscopes, compass and accelerometers to calculate the elevation, linear translation, gravity, direction, and rotation of sensors using sensor fusion technology. As demand for the integration of semiconductor sensors into intelligent electronic devices and systems across end-user segments is increasing, the semiconductor sensors market is being propelled forward.Key Players in the Global Market for Semiconductor Sensors
The report presents a detailed analysis of the following key players in the global semiconductor sensors market, looking into their capacity, market shares, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:- Infineon Technologies AG
- NXP Semiconductors NV (NASDAQ: NXPI)
- Robert Bosch GmbH
- STMicroelectronics International NV
- Texas Instruments Inc.
- Others
Table of Contents
Companies Mentioned
The key companies featured in this Semiconductor Sensors market report include:- Infineon Technologies AG
- NXP Semiconductors NV NXPI
- Robert Bosch GmbH
- STMicroelectronics International N.V.
- Texas Instruments Incorporated
