Pressure Sensor Sector is Expected to Dominate the Global Industrial MEMS Sensor Market
The
rising popularity of IoT in semiconductors, the growing need for smart consumer
electronics are a major factor attributable to the growth of the market.
According to TechSci
Research report, “Global Industrial MEMS Sensor Market - Industry Size, Share,
Trends, Competition Forecast & Opportunities, 2028”. The Global Industrial
MEMS Sensor is anticipated to project robust growth in the forecast period with
a CAGR of 10.63% through 2028, Industrial
MEMS Sensors deliver multiple advantages, such as accuracy, reliability, and
the prospect of making smaller electronic devices. As a result, they have
gained considerable traction in the past few years. Miniaturized consumer
devices, such as IoT-connected devices and wearables, are emerging applications
of Industrial MEMS Sensors in the market. According to the IFR forecasts,
global adoption is expected to increase significantly to 518,000 industrial
robots operational across factories all around the globe in the next few years.
The positive growth trajectory of the industrial robots market is expected to
drive the demand for Industrial MEMS Sensors during the same period.
Moreover, the demand
for smartphones has been witnessing an upsurge owing to several factors
increasing disposable income, the advent of 5G, and the development of telecom
infrastructure. For instance, according to Ericsson, worldwide smartphone
subscriptions are expected to reach 7,690 million in the next few years. Based
on Type, Pressure
Sensor Segment to Dominate the market during the forecast period. Pressure MEMS
Sensors is used in the automobile industry and intelligent automobiles.
Industrial MEMS Sensor development is expected to focus on the automotive
industry. It is widely used in engine e(ABS), electronic stability program
(ESP), electronic control suspension (ECS), electric hand brake (EPB), slope
starter auxiliary (HAS), tire pressure monitoring (EPMS), car engine
stabilization, angle measure, and heartbeat detection, as well as adaptive
navigation systems.
Based on Region, Asia
Pacific to be the Fastest Growing Market. Asia-Pacific is anticipated to be the
most extensive market for Industrial MEMS Sensors due to economies, such as
India, Japan, and China, along with the increasing growth of the consumer
electronics and automobile segments. According to Cisco, this year, around 311
million and 439 million wearable device units are expected to be sold in Asia-Pacific
and North America, respectively. This is further driving the demand for Industrial
MEMS Sensors in the region.
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China has witnessed a
significant increase in the usage of Industrial MEMS Sensors in the past couple
of years due to the rise in its automotive and consumer markets and the export
of smartphones, tablets, drones, and other microsystem and
semiconductor-enabled products. Multiple Industrial MEMS Sensors, such as
accelerometers, gyroscopes, pressure sensors, and radio frequency (RF) filters,
have been imported into China for product assembly.
Moreover, the Chinese
administration also views its automotive industry, including the auto parts
sector, as one of the major industries. The Central Government expects China's
automobile output to reach 35 million units in the next few years. This is posed
to make the automotive sector one of the prominent uses of Industrial MEMS
Sensors in China. Furthermore, Minbea Mitsumi Inc., based in Japan, recently
announced that Mitsumi Electric Co. Ltd, a company subsidiary, has reached an
agreement with Omron Corporation to acquire the semiconductor and MEMS
Manufacturing plant as the MEMS product development function at OMRON's Yasu
facility through MITSUMI. Acquiring the Industrial MEMS Sensor business will
strengthen Mitsumi's sensor business, which is one of its most important.
Key
market players in the Global Industrial
MEMS Sensor Market are following:-
- STMicroelectronics NV
- InvenSense Inc. (TDK
Corp.)
- Bosch Sensortec GmbH
(Robert Bosch GmbH)
- Analog Devices Inc.
- Murata Manufacturing
Co. Ltd
- Kionix Inc. (ROHM Co
Ltd)
- Infineon Technologies
AG
- Freescale
Semiconductors Ltd (NXP Semiconductors NV)
- Panasonic Corporation
- Omron Corporation
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“The global MEMS
(Micro-Electro-Mechanical Systems) sensor market is driven by several key
factors. Firstly, the proliferation of consumer electronics, including
smartphones, wearables, and smart home devices, relies heavily on Industrial
MEMS Sensors for functionalities like motion detection, environmental sensing,
and image stabilization. Secondly, the automotive industry's integration of Industrial
MEMS Sensors for applications such as ADAS (Advanced Driver Assistance
Systems), TPMS (Tire Pressure Monitoring Systems), and vehicle stability
control continues to surge, fueled by the demand for safer and more efficient
vehicles. Thirdly, the rise of the Internet of Things (IoT) has catapulted Industrial
MEMS Sensors into a wide range of applications, from smart cities and
agriculture to industrial automation and healthcare, where they collect data,
enable automation, and improve decision-making processes. Lastly, innovations
in MEMS technology, such as smaller form factors, lower power consumption, and
enhanced performance, are keeping Industrial MEMS Sensors at the forefront of
emerging technologies, ensuring their continued relevance in an ever-expanding
market landscape.” said Mr. Karan Chechi, Research Director with TechSci
Research, a research-based global management
consulting firm.
Industrial MEMS Sensor Market – Global Industry
Size, Share, Trends, Opportunity, and Forecast Segmented by Type (Pressure
Sensor, Inertial Sensor), By Region, Competition 2018-2028 has evaluated the future growth potential
of Global Industrial MEMS Sensor Market and
provides statistics and information on market structure, size, share, and
future growth. The report is intended to provide cutting-edge market
intelligence and help decision makers take sound investment decisions. Besides,
the report also identifies and analyzes the emerging trends along with
essential drivers, challenges, and opportunities present in the Global Industrial MEMS Sensor Market.
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