MEMS Sensor Market Regional Insights: Asia Pacific to Take the Center Stage

The MEMS sensor market is poised for continued growth and is projected to be valued at more than US$ 50 billion. Over the last decade, the integrated circuit (IC) industry has given a huge momentum to the growth of MEMS sensor market, owing to rapid development in electrical and electronic systems.

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Increasing adoption of smart connected devices such as connected automobiles, smart wearable devices, smart homes and high growth in the automotive sector are some of the key drivers that are positively impacting the MEMS sensor market.

Demand for these devices is on a steady rise with a corresponding decrease in average selling prices (ASPs) and increased benefits of MEMS devices, such as low cost, lower space utilization, and higher precision.

In addition, MEMS sensors are small enough to be soldered directly onto circuit boards, reducing the technology's overall expense. Such aforementioned factors are expected to prove favorable for the growth of global MEMS sensor market which is set to grow at an impressive CAGR of more than 9% during the forecast period

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Key Takeaways of MEMS Sensor Market Study

The medical & biotechnology segment is expected to grow at a high growth rate of over 6% during the forecast period. High adoption of MEMS sensors for clinical monitoring applications, imaging applications and other diagnostic approaches are facilitating growth of this segment

Asia Pacific (APAC) held the largest share (over 35%) within the MEMS market in 2018 and is expected to grow during the forecast period at an astounding CAGR of over 11%. APAC being a trading ground for consumer electronics is drawing big investments for the MEMS sensor market to flourish

North America accounted for the second largest share (over 20%) within the MEMS sensor market for 2018. Presence of some of the major MEMS sensor manufacturing firms and MEMS foundries have contributed to these figures

MEMS manufacturing is highly intricate and requires sophisticated and expensive equipment to be constantly updated or maintained in order to improve yields and product efficiency and reduce production costs

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The MEMS Sensor market report provides the readers with the below-mentioned insights:
• Key trends, including ecological conservation, patented solutions, and globalization.
• Consumption pattern of each segment of the market in every region.
• Detailed study of the factors (positive and negative) impacting the growth of the global Endobronchial Valves market.
• Critical analysis of R&D activities performed by market players to expand their production footprint across various industries.
• Thorough research of effect of the market across various end use industries.

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The MEMS Sensor market report gets rid of the following queries:
1. Which end use has the highest rate of consumption and why?
2. Which regions are the market players targeting to gain a competitive edge?
3. What is the growth forecast of the global market in region?
4. What is the Y-o-Y growth rate of the global market?
5. Which segment will have the maximum share of the global market by the end of year?
And so on…..

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