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Microelectromechanical System Sensor Market by Type and Application: Global Opportunity Analysis and Industry Forecast, 2019-2026

  • ID: 4989449
  • Report
  • October 2019
  • Region: Global
  • 335 pages
  • Allied Analytics LLP
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FEATURED COMPANIES

  • Analog Devices Inc.
  • Broadcom
  • Denso Corporation
  • HP Inc.
  • Knowles Corporation
  • NXP Semiconductors
  • MORE
The global microelectromechanical system (MEMS) sensor market was valued at $25.7 million in 2018, and is projected to reach $60.6 million by 2026, registering a CAGR of 10.4% from 2019 to 2026. Microelectromechanical systems (MEMS) are micrometer-scale devices that integrate electrical and mechanical elements. This technology includes very small, moving mechanical parts, and electrical components and is used to fabricate sensors such as accelerometers, gyroscopes, digital compasses, inertial modules, pressure sensors, humidity sensors, and microphones.

Impending need of device miniaturization in various electronic devices such as smartphones, wearable devices, medical instruments, and other electronic devices fuel the growth of the MEMS sensor market. The demand for these devices is on a continuous rise with the decline in average selling prices (ASPs) and an increase in benefits of MEMS devices, such as low cost, less space consumption, and high accuracy. Moreover, these devices are small enough to be soldered directly onto the circuit boards, which reduces the cost of the technology.

High adoption in smartphones, developments in the portable electronic market, an increase in popularity of Internet of Things (IoT), and robust demand in the automation industry drive the growth of the overall microelectromechanical system (MEMS) sensor industry. Sensor manufacturing companies use MEMS technology to fabricate a wide range of sensors, owing to its low power consumption, small size, and high precision. These manufacturers are developing new MEMS-based sensors for various applications to increase their market presence in distinctive areas.

According to the MEMS sensor market analysis, factors such as a surge in demand for wireless sensor in consumer electronics emerging trends of sensor in automotive industry, and an increase in popularity of IoT in sensors boost the growth of the global MEMS sensor market share. However, high cost hampers the market growth. Furthermore, emerging trends toward autonomous vehicles and an increase in adoption of MEMS sensor in biomedical sector are expected to offer lucrative opportunities for MEMS sensor market expansion.

Microelectromechanical System (MEMS) Sensor Market

By Type
  • Optical Sensor segment is projected as one of the most lucrative segments.
Segmentation

The global MEMS sensor market share is analyzed by type, application, and region. Based on type, the market is analyzed across inertial sensors, pressure sensor, optical sensor, environment sensor, and ultrasonic sensor. On the basis of application, the market is divided into consumer electronics, automotive, industrial, aerospace & defense, healthcare, and telecommunication. Based on region, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

The key leaders profiled in the MEMS sensor industry include Panasonic Corporation, Robert Bosch GmbH, STMicroelectronics N.V., Texas Instruments, Analog Devices Inc., Broadcom, Denso Corporation, HP Inc., NXP Semiconductors, and Knowles Corporation. These key players have adopted strategies, such as product portfolio expansion, mergers & acquisitions, agreements, geographical expansion, and collaboration to enhance their market penetration.

Top Impacting Factors

The factors such as rise in demand for wireless sensors, development of trends of sensors in automotive industry, an increase in popularity of IoT in sensors, high cost, and an increase in adoption of MEMS sensor in biomedical sector are expected to significantly affect the growth of the global MEMS sensor market. These factors are anticipated to either drive or hamper the MEMS sensor market growth.

Emerging trends of sensors in the automotive industry

Sensors have become an intrinsic part of the production process, as they help increase the efficiency and precision through automation. Sensors are used to keep a track of various parameters such as temperature, pressure, flow, level, and other parameters to control the whole process and ease it through robots. Smart MEMS sensors such as pressure sensors and sensors used in accelerometers are used in vehicles in the automobile industry to provide benefits such as safety and fuel efficiency. For instance, a smart sensor processes real-time data and notifies the engine-related problems. Moreover, these facilitate communication between engine, suspension, braking, and other controls of vehicles. Vehicle safety issues have led vehicle manufacturers to adopt smart sensors at a high rate, such as in airbags for safety. These air bags are more effective compared to the conventional air bags in sensing accidents, thus minimizing accidents and injuries sustained by the passengers. This factor is expected to drive the growth of the global MEMS sensor market size.

Microelectromechanical System (MEMS) Sensor Market

By Application
  • Consumer Electronics segment is expected to secure leading position during forecast period.
High Cost

The addition of sensors helps increase automation in electronic devices; however, it incurs an extra cost. The incorporation of sensors facilitates extra features and makes the devices more automated, although, it incurs some additional cost and thereafter it is avoided in cost-effective applications. In devices which are continuously used for a long time, such as smart phones, laptops, and cameras, sensors create heating issues and reduce their overall life as these devices have components, which are temperature sensitive. The devices which use battery as their power source, sensors reduce their battery life as they rely on device battery for their operation, and thus hampers the growth of MEMS sensor market forecast globally.

Moreover, smart sensors are expensive compared to other conventional sensors. Over the past five years, cost of smart sensors has reduced to about 10% per year due to an increase in production and technological advancements in these sensors. However, they are still expensive as compared to other conventional sensors, thereby limiting the market growth. As a result, the adoption rate of these sensors is low across different applications. Thus, the high cost of smart sensors restrains the growth of the MEMS sensor market trends.

Emerging trends toward autonomous vehicle

The concept of driverless cars is based on the data collected by various MEMS sensors such as speed sensor, accelerometer, position sensor, proximity sensor, and others. This data is constantly collected and processed through a centralized control system, which controls the motion of car and the need for driver is eliminated. Companies such as Google and Tesla are investing heavily on R&D of these cars, and the technology is currently in testing phase. Positive results from tests are anticipated to drive the growth of the market in the future. For instance, in October 2016, Google tested its driverless car in the UK for a 1-km stretch, near a railway station, and a fleet of 40 such cars is anticipated to be available for public use by next year, thus fueling the demand for MEMS in the years to come, and offering lucrative opportunities for MEMS sensor market forecast globally.

Microelectromechanical System (MEMS) Sensor Market

By Region
  • Asia-Pacific
  • North America
  • Europe
  • LAMEA
Asia-Pacific region would exhibit the highest CAGR of 23.9% during 2019-2026

Key Benefits for MEMS Sensor Market:
  • This study includes the analytical depiction of the global MEMS sensor market size along with the current trends and future estimations to determine the imminent investment pockets.
  • The MEMS sensor market opportunity is determined to understand the profitable trends to gain a stronger foothold.
  • The report presents information related to key drivers, restraints, and opportunities with a detailed impact on MEMS market analysis.
  • The current market forecast is quantitatively analyzed from 2018 to 2026 to benchmark the financial competency.
  • Porter’s five forces analysis illustrates the potency of the buyers and suppliers in the market.
  • The report includes the MEMS sensor market share of key vendors and market trends.
MEMS Sensor Market Segmentation:

By Type
  • Inertial Sensor
  • Pressure Sensor
  • Optical Sensor
  • Environment Sensor
  • Ultrasonic sensor
By Application
  • Consumer Electronics
  • Automotive
  • Industrial
  • Aerospace & Defense
  • Healthcare
  • Telecommunication
  • Others
By Region

North America
  • U.S.
  • Canada
  • Mexico
Europe
  • UK
  • Germany
  • France
  • Italy
  • Rest of Europe
Asia-Pacific
  • China
  • Japan
  • India
  • South Korea
  • Rest of Asia-Pacific
LAMEA
  • Latin America
  • Middle East
  • Africa
Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • Analog Devices Inc.
  • Broadcom
  • Denso Corporation
  • HP Inc.
  • Knowles Corporation
  • NXP Semiconductors
  • MORE
Chapter 1: Introduction
1.1. Report Description
1.2. Key Benefits For Stakeholders
1.3. Key Market Segments
1.4. Research Methodology
1.4.1. Primary Research
1.4.2. Secondary Research
1.4.3. Analyst Tools And Models

Chapter 2: Executive Summary
2.1. Key Findings
2.1.1. Top Impacting Factors
2.1.2. Top Investment Pockets
2.2. Cxo Perspective

Chapter 3: Market Overview
3.1. Market Definition And Scope
3.2. Key Forces Shaping Microelectromechanical System (Mems) Market
3.3. Market Evolution/Industry Roadmap
3.4. Patent Analysis
3.4.1. Mems System, By Region (2018-2019)
3.4.2. Mems, By Applicant
3.5. Market Dynamics
3.5.1. Drivers
3.5.1.1. Growing Demand For Smart Consumer Electronics
3.5.1.2. Emerging Trends In Automotive Industry
3.5.1.3. Increase In Popularity of IoT
3.5.2. Restraints
3.5.2.1. Lack of Standardized Fabrication Process For Mems
3.5.2.2. Incorporating The Sensor In Devices Incurs Extra Value And Reduces Life of Device
3.5.3. Opportunities
3.5.3.1. Emerging Trends Towards Autonomous Vehicle
3.5.3.2. Increase Adoption of Wearable Devices And Innovative Application In Biomedical Sector

Chapter 4: Mems Market, By Product Type
4.1. Overview
4.2. Sensors
4.2.1. Inertial Sensors
4.2.2. Pressure Sensors
4.2.3. Optical Sensors
4.2.4. Environment Sensors
4.2.5. Ultrasonic Sensors
4.2.6. Key Market Trends, Growth Factors, And Opportunities
4.2.7. Market Size And Forecast, By Region
4.2.8. Market Analysis, By Country
4.3. Actuators
4.3.1. Optical Mems
4.3.2. Microfluidics
4.3.3. Rf Mems
4.3.4. Telecommunication (Micro Speakers, Ultrasonic Fingerprints)
4.3.5. Key Market Trends, Growth Factors, And Opportunities
4.3.6. Market Size And Forecast, By Region
4.3.7. Market Analysis, By Country

Chapter 5: Mems Market, By Application
5.1. Overview
5.2. Consumer Electronics
5.2.1. Key Market Trends, Growth Factors, And Opportunities
5.2.2. Market Size And Forecast, By Region
5.2.3. Market Analysis, By Country
5.3. Automotive
5.3.1. Key Market Trends, Growth Factors, And Opportunities
5.3.2. Market Size And Forecast, By Region
5.3.3. Market Analysis, By Country
5.4. Industrial
5.4.1. Key Market Trends, Growth Factors, And Opportunities
5.4.2. Market Size And Forecast, By Region
5.4.3. Market Analysis, By Country
5.5. Aerospace & Defense
5.5.1. Key Market Trends, Growth Factors, And Opportunities
5.5.2. Market Size And Forecast, By Region
5.5.3. Market Analysis, By Country
5.6. Healthcare
5.6.1. Key Market Trends, Growth Factors, And Opportunities
5.6.2. Market Size And Forecast, By Region
5.6.3. Market Analysis, By Country
5.7. Telecommunication
5.7.1. Key Market Trends, Growth Factors, And Opportunities
5.7.2. Market Size And Forecast, By Region
5.7.3. Market Analysis, By Country
5.8. Others
5.8.1. Key Market Trends, Growth Factors, And Opportunities
5.8.2. Market Size And Forecast, By Region
5.8.3. Market Analysis, By Country

Chapter 6: Mems Market, By Region
6.1. Overview
6.2. North America
6.2.1. Key Market Trends, Growth Factors, And Opportunities
6.2.2. Market Size And Forecast, By Product Type
6.2.3. Market Size And Forecast, By Application
6.2.4. Market Analysis, By Country
6.2.4.1. U.S.
6.2.4.1.1. Market Size And Forecast, By Product Type
6.2.4.1.2. Market Size And Forecast, By Application
6.2.4.2. Canada
6.2.4.2.1. Market Size And Forecast, By Product Type
6.2.4.2.2. Market Size And Forecast, By Application
6.2.4.3. Mexico
6.2.4.3.1. Market Size And Forecast, By Product Type
6.2.4.3.2. Market Size And Forecast, By Application
6.3. Europe
6.3.1. Key Market Trends, Growth Factors, And Opportunities
6.3.2. Market Size And Forecast, By Product Type
6.3.3. Market Size And Forecast, By Application
6.3.4. Market Analysis, By Country
6.3.4.1. UK
6.3.4.1.1. Market Size And Forecast, By Product Type
6.3.4.1.2. Market Size And Forecast, By Application
6.3.4.2. Germany
6.3.4.2.1. Market Size And Forecast, By Product Type
6.3.4.2.2. Market Size And Forecast, By Application
6.3.4.3. France
6.3.4.3.1. Market Size And Forecast, By Product Type
6.3.4.3.2. Market Size And Forecast, By Application
6.3.4.4. Italy
6.3.4.4.1. Market Size And Forecast, By Product Type
6.3.4.4.2. Market Size And Forecast, By Application
6.3.4.5. Rest of Europe
6.3.4.5.1. Market Size And Forecast, By Product Type
6.3.4.5.2. Market Size And Forecast, By Application
6.4. Asia-Pacific
6.4.1. Key Market Trends, Growth Factors, And Opportunities
6.4.2. Market Size And Forecast, By Product Type
6.4.3. Market Size And Forecast, By Application
6.4.4. Market Analysis, By Country
6.4.4.1. China
6.4.4.1.1. Market Size And Forecast, By Product Type
6.4.4.1.2. Market Size And Forecast, By Application
6.4.4.2. India
6.4.4.2.1. Market Size And Forecast, By Product Type
6.4.4.2.2. Market Size And Forecast, By Application
6.4.4.3. Japan
6.4.4.3.1. Market Size And Forecast, By Product Type
6.4.4.3.2. Market Size And Forecast, By Application
6.4.4.4. South Korea
6.4.4.4.1. Market Size And Forecast, By Product Type
6.4.4.4.2. Market Size And Forecast, By Application
6.4.4.5. Rest of Asia-Pacific
6.4.4.5.1. Market Size And Forecast, By Product Type
6.4.4.5.2. Market Size And Forecast, By Application
6.5. LAMEA
6.5.1. Key Market Trends, Growth Factors, And Opportunities
6.5.2. Market Size And Forecast, By Product Type
6.5.3. Market Size And Forecast, By Application
6.5.4. Market Analysis, By Country
6.5.4.1. Latin America
6.5.4.1.1. Market Size And Forecast, By Product Type
6.5.4.1.2. Market Size And Forecast, By Application
6.5.4.2. Middle East
6.5.4.2.1. Market Size And Forecast, By Product Type
6.5.4.2.2. Market Size And Forecast, By Application
6.5.4.3. Africa
6.5.4.3.1. Market Size And Forecast, By Product Type
6.5.4.3.2. Market Size And Forecast, By Application

Chapter 7: Competitive Landscape
7.1. Introduction
7.2. Market Share Analysis of Top Players, 2018 (%)
7.3. Top Winning Strategies
7.3.1. Top Winning Strategies, By Year
7.3.2. Top Winning Strategies, By Development
7.3.3. Top Winning Strategies, By Company
7.4. Product Mapping of Top 10 Player
7.5. Competitive Dashboard
7.6. Competitive Heatmap
7.7. Key Developments
7.7.1. New Product Launches
7.7.2. Mergers And Acquisition

Chapter 8: Company Profile

*Full List of Tables and Figures Available on Enquiry.
Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • Analog Devices Inc.
  • Broadcom
  • Denso Corporation
  • HP Inc.
  • Knowles Corporation
  • NXP Semiconductors
  • MORE
According to the report titled, 'Microelectromechanical (MEMS) Sensor Market by Type and Application: Global Opportunity Analysis and Industry Forecast, 2018-2026,' The global MEMS sensor market was valued at $25.7 million in 2018, and is projected to reach $60.6 million by 2026, registering a CAGR of 10.4% from 2019 to 2026.

The MEMS sensor market include very small, moving mechanical parts, and electrical components. This technology is used to fabricate sensors such as accelerometers, gyroscopes, digital compasses, inertial modules, pressure sensors, humidity sensors, and microphones. The MEMS sensor market growth holds the largest share in overall sensor market across the globe. The implementation of sensors made with MEMS technology in consumer electronic devices is driving its growth in the overall MEMS sensor market trends.

The sensor manufacturing companies use MEMS technology to fabricate a wide range of sensors owing to its low power consumption, small size, and high precision. The sensor manufacturers develop new MEMS based sensors for various areas of application to increase their market presence in distinctive applications as well as regions across the globe.

Asia-Pacific occupies a major share in the global MEMS sensor market. This is due to an increase in the population and adoption of enhanced technologies in various industries such as consumer electronics, manufacturing industry, and infrastructure in the developing countries such as India, China, and Indonesia. Various product launches and advancements in technologies in the semiconductor market are the factors anticipated to provide huge growth in the Asia-Pacific MEMS sensor industry. On January 22, 2018, Hitachi Ltd. developed MEMS accelerometer. The low-power and highly sensitivity accelerometer is capable of detecting issues such as building vibrations and weak grounds. This efficiency is achieved by combining the sophisticated MEMS technology with a circuit technology. The sensor technology is prepared for operations in areas such as oil & gas exploration. The company aims to incorporate this sensor to various applications such as energy & power, and infrastructure monitoring.

Based on MEMS sensor market analysis, the consumer electronics segment generated the highest revenue in 2018 followed by automotive segment, mentioned in the report.

The increase in penetration of MEMS sensors in consumer electronic products is fueled by a highly competitive consumer electronics market, where players focus on upgrading their products such as smartphones, laptops, and digital recorders. The major companies such as Sony, Apple, Samsung, Panasonic, and Google follow this trend by incorporating advanced MEMS image sensors, touch sensors, fingerprint scanners, pressure sensors, and proximity sensors, in their products. This consecutively increases the demand for sensors and the market is expected to offer lucrative MEMS sensor market opportunities rateduring the forecast period.

Key Findings of the Microelectromechanical (MEMS) Sensor Market:

Based on type, the sensors segment generated the highest revenue global MEMS sensor market size in 2018.
Based on application, the consumer electronics segment generated the highest revenue in the MEMS sensor market analysis in 2018.
Based on region, the Asia Pacific region generated the highest revenue in the MEMS sensor market forecast in 2018.Bas

The key MEMS sensor market leaders profiled in the report include Panasonic Corporation, Robert Bosch GmbH, STMicroelectronics N.V., Texas Instruments, Analog Devices Inc., Broadcom, Denso Corporation, HP Inc., NXP Semiconductors, and Knowles Corporation. These key players adopt several strategies, such as new product launch and development, acquisition, partnership & collaboration, and business expansion to increase the MEMS sensor market share during the forecast period.

For instance, on April 2017, Analog Devices, Inc. (ADI) launched a high frequency, low noise MEMS accelerometers, which is designed clearly for industrial condition monitoring applications. The ADXL1001 and ADXL1002 MEMS accelerometers is expected to deliver the high-resolution vibration measurements necessary for early detection of bearing faults and other common causes of machine failure. In addition, on November 2018, Broadcom Inc. acquired CA, Inc., a leading provider of information technology, IT management software and solutions. With the acquisition of CA, Inc., Broadcom Inc., is expected to enhance its MEMS technology manufacturing infrastructure capabilities, which include mission critical mainframe and enterprise software solutions.
Note: Product cover images may vary from those shown
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  • Panasonic Corporation
  • Robert Bosch GmbH
  • STMicroelectronics N.V.
  • Texas Instruments
  • Analog Devices Inc.
  • Broadcom
  • Denso Corporation
  • HP Inc.
  • NXP Semiconductors
  • Knowles Corporation
Note: Product cover images may vary from those shown
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The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.

They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.

They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:

  • Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
  • Scientific and technical writings for product information and related preemptions
  • Regional government and statistical databases for macro analysis
  • Authentic news articles and other related releases for market evaluation
  • Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast

Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.

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