MEMS Sensor Market Analysis and Global Outlook 2021 to 2026 - Panasonic Corporation, Omron Corporation, First Sensor AG, Honeywell International Inc., Texas Instruments

The Market Insights Reports has added a new statistical data to its repository titled as, Global MEMS Sensor Market. It provides the industry overview with market growth analysis with a historical & futuristic perspective for the following parameters; cost, revenue, demands, and supply data (as applicable). Furthermore, the report also sheds light on recent developments and technological platforms, in addition to distinctive tools, and methodologies that will help to propel the performance of industries. It also presents a futuristic growth outlook of the MEMS Sensor Market in a pre- and post-COVID-19 scenario.

The MEMS sensor market is expected to register a CAGR of over 7% over the forecast period (2019 - 2024).

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Top Key Players in the Global MEMS Sensor Market are STMicroelectronics N.V., InvenSense Inc. (TDK), Bosch Sensortec GmbH, Analog Devices, Inc., Murata Manufacturing Co., Ltd., ROHM Co. Ltd., Infineon Technologies AG, Freescale Semiconductors Ltd (NXP Semiconductors NV), Panasonic Corporation, Omron Corporation, First Sensor AG, Honeywell International Inc., Texas Instruments, Amphenol Corporation, and others.  

Industry News:

- Dec 2019 - ROHM Group company, Kionix, launched accelerometers, KX132-1211 and KX134-1211. They are a 3-axis accelerometer optimized for machine condition monitoring. They contribute to reducing MCU load and power consumption together with improved application performance.
- Jun 2019 - Infineon Technologies announced new environmental sensor technology that operates on photoacoustic spectroscopy (AS), miniaturizes carbon dioxide sensor. The sensors series is XENSIV PAS210. the company also announced its new AMR based angle sensors for angle accuracy at low magnetic fields. Infineon is expanding its sensor portfolio with the addition of this product. XENSIV TLE109A16 will address the need for precise, fast and cost-efficient angle measurement.

Key Market Trend:

Automotive Sector is Expected to Hold a Significant Share

- The increasing demand for safety & security in the automobiles is one of the major factors, which is impacting the market's growth positively. According to the World Health Organization (WHO), globally, more than 1.55 million people are killed in road accidents every year, and about 50 million people get injured. The MEMS sensors play a critical role in improving the safety features of the vehicles and act as the catalyst for the growth of the market. Detection of the possibility of a car accident for controlling the airbags makes up the most extensive use of MEMS sensors in the automotive industry.
- Most automotive Electronic Stability Control (ESC) systems now use MEMS sensors, which over the last two decades have been able to drastically improve the ESC system in terms of size, cost, and reliability, with the MEMS replacing the conventional high- precision mechanical sensors.
- The emergence of electric vehicles in the industry has impacted the demand and distribution of pressure and magnetic sensors, which is expected to be a demand driver in the long term. Furthermore, With the advent of autonomous vehicles, vendors in the market are now including high-performance Inertial Measurement Units (IMUs) aiming at opportunity emerging owing to self-driving vehicles.

Investigator Observers Strong Growth in Specific Regions:

– North America (United States, Canada, Mexico)
– Europe (Germany, UK, France, Italy, Spain, Russia)
– Asia-Pacific (China, Japan, South Korea, Australia, India)
– South America (Brazil, Argentina, Columbia)
– The Middle East and Africa (UAE, Egypt, South Africa)        

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Important Features that are under Offering and Key Highlights of the Reports:

– Detailed overview of Market
– Changing market dynamics of the industry
– In-depth market segmentation by Type, Application etc.
– Historical, current and projected market size in terms of volume and value
– Recent industry trends and developments
– Competitive landscape of MEMS Sensor Market
– Strategies of key players and product offerings
– Potential and niche segments/regions exhibiting promising growth     

Frequently Asked Questions about MEMS Sensor Market:

–   Who are the key players operating in the MEMS Sensor Market?
–   Which is the leading segment in the market?
–   At What CAGR is the market projected to grow in the forecast period (2021-2025)?
–   What is the key factor driving the market?
–   Which data rates would lead the market during the forecast period?
–   Which region is expected to dominate the MEMS Sensor Market in the next five years?

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