Press release
MEMS Sensor Market Size And Forecast | STMicroelectronics N.V., InvenSense Inc. (TDK), Bosch Sensortec GmbH
This report provides an in-depth view of the MEMS Sensor Market detailing the market size and then progresses to evaluation of each crucial attribute of the market in detail. The market report gives a detailed study on the present market position of the MEMS Sensor industry, expected future growth, technological advancements, investment opportunities of the market. This report does a comprehensive analysis of the market providing insights based on SWOT analysis of the industry. The report on MEMS Sensor market gives access to significant data including, growth drivers of the market, factors restraining market growth, latest market trends and historical Analysis (2022 - 2027).The MEMS sensor market was valued at USD 8010.2 million in 2020, and it is expected to reach a market value of USD 11570.6 million by 2027 to register a CAGR of 6.44% over the forecast period (2022 - 2027).
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Top Major Competitive Players: STMicroelectronics N.V., InvenSense Inc. (TDK), Bosch Sensortec GmbH, Analog Devices, Inc., Murata Manufacturing Co., Ltd., Kionix, Inc. (ROHM), Infineon Technologies AG, Freescale Semiconductors Ltd (NXP Semiconductors NV), Panasonic Corporation, Omron Corporation, First Sensor AG
- Jan 2019 - TDK Corporation announced the availability of the new line of automotive high-accuracy devices from InvenSense, a TDK group company. The company has extended its automotive motion sensor solutions improving navigation through tunnels, parking garages, and high-temperature environments.
Segmentation by Type:
Pressure Sensors
Inertial Sensors (Accelerometers, Gyroscopes)
Other
Segmentation by Application:
Automotive
Healthcare
Consumer Electronics
Industrial
Aerospace & Defense
Other
The key regions covered in the MEMS Sensor market report is:
North America (United States, Canada and Mexico)
Europe (Germany, France, UK, Russia and Italy)
Asia-Pacific (China, Japan, Korea, India, Southeast Asia and Australia)
South America (Brazil, Argentina, Colombia)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
Asia-Pacific is Expected to Hold a Major Share
- Asia-Pacific is expected to be the largest market for MEMS sensors owing to the presence of economies such as India and China along with increasing growth of the consumer electronics and automobile segments.
- Significant demand for smartphones and other consumer electronics devices from countries, such as India, China, the Republic of Korea, and Singapore are encouraging many vendors to set up production establishments in the region. The abundant availability of raw materials and the low establishment and labour costs have also helped companies launch their production centers in the region.
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KEY aspects covered in the report include:
- The market size and industry growth rate of the global and regional market across various segments
- The region or the sub-segment that is expected to drive the MEMS Sensor market in the forecast period 2022-2027
- Key companies operating in the global MEMS Sensor market and their market share
- The Factors that are estimated to drive the MEMS Sensor Market growth
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