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Environmental MEMS Market - Forecasts from 2022 to 2027

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    Report

  • 130 Pages
  • August 2022
  • Region: Global
  • Knowledge Sourcing Intelligence LLP
  • ID: 5649127
The environmental MEMS market was evaluated at US$1.121 billion for the year 2020, growing at a CAGR of 4.23%, reaching a market size of US$1.500 billion by the year 2027.

Sensing the environment has always been vital. Targeted sensing has become a requirement for individuals and governments as a result of some cataclysmic catastrophes, the potential of human-caused climate change, and the need for more energy sources. By monitoring the weather and other environmental factors, such as agricultural and ecological concerns, MEMS sensors can assist in maintaining and preserving regular life on Earth. Energy, fluid, equipment, and other systems, as well as the structures themselves, are monitored in factories, facilities, buildings, and residences. Vehicles and accompanying transportation infrastructures, such as roads, bridges, and equipment, should all be considered. Detect potential security and safety issues in structures, factories, airports, and conflict zones, among other places.

The global environmental MEMS market is predicted to increase rapidly over the forecast period, owing to the prevalence of natural disasters around the world, which will aid in the provision of early warning through the use of MEMS sensors, boosting the market growth. The market will benefit from developing new sensor technologies in the coming years. The environmental MEMS market is likely to see considerable growth potential as pollution levels rise year after year due to increased air travel and automobiles, among other factors. The advent of Industry 4.0 and IoT, which generate demand for environmental sensors, adds to this.

Furthermore, the increasing number of governments’ attempts to reduce pollution is driving the environmental sensor industry. The rising government initiatives to control pollution levels, increased government funding for monitoring, ongoing installations of environmental monitoring stations, and growing initiatives for the implementation of sustainable industries are some of the crucial factors which drive the global market's growth. For example, In January 2019, the Indian government established a National Clean Air Program worth INR 637 crore to improve India's air quality. However, lack of awareness, budgetary limits to adopting new technology, and regularity models have all been mentioned as barriers to environmental sensing's progress.

With the growing number of cities and people moving to metropolitan regions, natural disaster risks are expanding at an unprecedented rate, and hence the natural calamity warning segment is dominating the market by application. As governments worldwide move toward smart cities, there is a growing desire for solutions that help mitigate the risks associated with natural disasters. MEMS sensor technology is being utilized to sense and monitor several environmental characteristics and is increasingly employed for natural calamity warnings. Hence this category is expected to grow significantly throughout the projected period. In Tsunami Warning Systems, for instance, the purpose of a MEMS is to continually follow the progress of the sea surface in real-time. This enables a timely and effective warning via the appropriate channels. Other MEMS sensors are also being developed to track temperature and light penetration changes in the water.

During the forecast period, the temperature sensor market is estimated to contribute the most to the market. Temperature is the most commonly used measure for monitoring environmental parameters. The market's major driving forces include the growing acceptance of temperature sensing implements in portable devices, technological advancements in sensors leading to smaller sensors, and increased demand residential & smart city projects.

The Asia Pacific has the largest market share and is expected to grow at the fastest rate around the world. Smart cities, driverless vehicles, IoT applications, connected homes, factory automation, smart processing technologies, as well as other smart technologies are rapidly proliferating across the region. Such factors are likely to propel market expansion. Smart homes were initially marketed as residences with sophisticated security measures. Lighting control systems, fire and gas detection, entertainment systems, and energy conservation systems are all part of the market. As a result of the rise of smart homes, the environmental MEMS industry is anticipated to see a promising future.

Recent Development

In March 2021, Bosch SensorTec released the BME688, the world's tiniest 4-in-1 air quality measurement solution. It is the first air quality MEMS sensor to combine gas, humidity, temperature, and barometric pressure detection with cutting-edge artificial intelligence (AI).

In January 2021, Pittsburgh International Airport announced a partnership with Honeywell to evaluate air quality enhancement technology at the airport's newly constructed innovation hub, xBridge.

Omron Electronics released the 2JCIE-BL01-P1 Sensor Development Kit in January 2019, which includes sensors, wireless connectivity, and onboard memory for environmental monitoring inside smart homes, offices, and other settings. Temperature, dampness, light, UV exposure, barometric pressure, loudness, and Bluetooth sensors are included in the package. This sensor alerts users to environmental changes and unpleasant situations.

COVID-19 Impact

The COVID-19 outbreak had a mixed effect on the environmental MEMS market. Working from home has resulted in lower R&D, which has slowed the development of new technology and goods. Because travel was eliminated, marketing and research suffered. Supply chains in infrastructure were significantly hampered and underperformed. However, COVID-19 has played a crucial role in raising health-related concerns and knowledge about environmental pollution, which has fueled the need for sensors, particularly air quality sensors, in both indoor and outdoor settings.

Segmentation

By Sensor Type

  • Pressure
  • Temperature
  • Chemical
  • Light

By Application

  • Agriculture and Farming
  • Natural Calamity Warning
  • Marine Environment
  • Land and Water Environment
  • Air Environment
  • Oil and Gas Reserves

By Geography

  • North America
  • USA
  • Canada
  • Mexico
  • South America
  • Brazil
  • Argentina
  • Europe
  • United Kingdom
  • Germany
  • France
  • Italy
  • Middle East and Africa
  • Saudi Arabia
  • Israel
  • Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Indonesia
  • Thailand
  • Taiwan
Frequently Asked Questions about the Environmental MEMS Market

What is the estimated value of the Environmental MEMS Market?

The Environmental MEMS Market was estimated to be valued at $1.12 billion in 2020.

What is the growth rate of the Environmental MEMS Market?

The growth rate of the Environmental MEMS Market is 4.2%, with an estimated value of $1.5 billion by 2027.

What is the forecasted size of the Environmental MEMS Market?

The Environmental MEMS Market is estimated to be worth $1.5 billion by 2027.

Who are the key companies in the Environmental MEMS Market?

Key companies in the Environmental MEMS Market include STMicroelectronics, MEMS Vision, Bosch Sensortec GmbH, Axetris AG, Sensirion AG, Koninklijke Philips N.V., Silicon Designs, Inc., Physical Logic AG, Honeywell International Inc. and Omron Corporation.

Table of Contents

1. Introduction
1.1. Market Definition
1.2. Market Segmentation
2. Research Methodology
2.1. Research Data
2.2. Assumptions
3. Executive Summary
3.1. Research Highlights
4. Market Dynamics
4.1. Market Drivers
4.2. Market Restraints
4.3. Porter’s Five Forces Analysis
4.3.1. Bargaining Power of End-Users
4.3.2. Bargaining Power of Buyers
4.3.3. Threat of New Entrants
4.3.4. Threat of Substitutes
4.3.5. Competitive Rivalry in the Industry
4.4. Industry Value Chain Analysis
4.5. Clinical
5. Environmental MEMS Market Analysis, by Sensor Type
5.1. Introduction
5.2. Pressure
5.3. Temperature
5.4. Chemical
5.5. Light
5.6. Others
6. Environmental MEMS Market Analysis, by Application
6.1. Introduction
6.2. Agriculture and Farming
6.3. Natural Calamity Warning
6.4. Marine Environment
6.5. Land and Water Environment
6.6. Air Environment
6.7. Oil and Gas Reserves
7. Environmental MEMS Market Analysis, by Geography
7.1. Introduction
7.2. North America
7.2.1. USA
7.2.2. Canada
7.2.3. Mexico
7.3. South America
7.3.1. Brazil
7.3.2. Argentina
7.3.3. Others
7.4. Europe
7.4.1. United Kingdom
7.4.2. Germany
7.4.3. France
7.4.4. Italy
7.4.5. Others
7.5. The Middle East and Africa
7.5.1. Saudi Arabia
7.5.2. Israel
7.5.3. Others
7.6. Asia Pacific
7.6.1. China
7.6.2. Japan
7.6.3. India
7.6.4. South Korea
7.6.5. Indonesia
7.6.6. Thailand
7.6.7. Taiwan
7.6.8. Others
8. Competitive Environment and Analysis
8.1. Major Players and Strategy Analysis
8.2. Emerging Players and Market Lucrativeness
8.3. Mergers, Acquisitions, Agreements, and Collaborations
8.4. Vendor Competitiveness Matrix
9. Company Profiles
9.1. STMicroelectronics
9.2. MEMS Vision
9.3. Bosch Sensortec GmbH
9.4. Axetris AG
9.5. Sensirion AG
9.6. Koninklijke Philips N.V.
9.7. Silicon Designs, Inc.
9.8. Physical Logic AG
9.9. Honeywell International Inc.
9.10. Omron Corporation

Companies Mentioned

  • STMicroelectronics
  • MEMS Vision
  • Bosch Sensortec GmbH
  • Axetris AG
  • Sensirion AG
  • Koninklijke Philips N.V.
  • Silicon Designs, Inc.
  • Physical Logic AG
  • Honeywell International Inc.
  • Omron Corporation

Methodology

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