Press release
Micro-Electro-Mechanical Systems (MEMs) Sensors Market Shares, Strategies, and Forecasts, Worldwide, 2018 to 2024
The report analyzes and presents an overview on "Micro-Electro-Mechanical Systems (MEMs) Sensors: Market Shares, Strategies, and Forecasts, Worldwide, 2018 to 2024" worldwide.The 2018 study has 312 pages, 135 tables and figures. The leading vendors in the MEMs sensor have invested in high-quality technology and processes to develop leading edge monitoring and digital triggering activation capability.
Micro-electro-mechanical systems (MEMS) technology is used in the fabrication of inertial sensors, and particularly accelerometers. MEMS accelerometers are used in diverse markets that implement the digital economy. The reason for their success is low price, small size, high reliability, and low power consumption.
MEMS accelerometers are replacing traditional electro-mechanical accelerometers because they offer tactical grade performance. They povide the functionality required to measure motion in three-dimensional space. Digital signal processors calibrates the sensors during runtime. They intelligently convert raw sensor data from multiple sensors. The output from MEMs sensors creates application-specific data.
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The total value of the MEMs sensor market is $12.5 billion in 2017, up from $10.35 billion in 2016. Markets grow to $58.7 billion in 2024. Growth is a result of the implementation of the digital economy, IoT, robots, drones, self-driving cars, and artificial intelligence. The digital economy rides on the back of MEMs sensors. This is the new world aspect, everything is monitored and activated digitally.
MEMs organic volume growth has been relatively slow as existing motion sensor and traditional end-product markets achieve market saturation. There are new and growing opportunities, including the newer IoT applications that are in the early adopter phase. IoT sensors have yet to gain significant market traction but they will, once units are proven in real life situations of the digital economy, self-driving cars, drones, traffic lights, and smart things.
“MEMS suppliers have a focus on sensor improvement. Power and performance are being improved.”
“Everything will be connected,” said SoftBank Chief Executive Masayoshi Son, announcing a ARM processor deal in London. “Cows will be connected, chickens will be connected, the sheep will be connected.”
As a significant market does take root, MEMs sensors face the challenge of generating profit above costs. The companies keep prices low to buy customers and spur demand. MEMs vendors seek to be in businesses where there are millions and billions of units.
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Companies Profiled
Market Leaders
Bosch
Broadcom
Texas Instruments
STMicroelectronics
Qorvo
Hewlett Packard
Knowles Electronics
Denso
TDK / InvenSense
Qualcom
Panasonic
Market Participants
Block Engineering
Cymbet
Infineon
JonDeTech
NaugaNeedles
Rogue Valley Microdevices
Senseair Test & Measurement Carbon Dioxide Sensors
Softbank
Structured Materials Industries
Taiwan Semiconductor
Thorlabs
Vectornav
Key Topics
MEMs Sensors
Micro-electro-mechanical systems
Digital economy
IoT
Internet of Things
Digital monitoring
Digital triggering activation
Smart devices
Smart cities
Smart drones
Smart agriculture
Self-driving cars
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