Press release
Global Micro electromechanical System Sensors Market Trends, Market Share, Industry Size, Growth, Opportunities and Market Forecast - 2022 to 2028
The global micro electromechanical system (MEMS) sensors market is anticipated to grow at a CAGR of 10.0% during the forecast period (2022-2028).These sensors are widely used in various applications including automobiles. Some key applications in automobile include airbag deployment, skid detection, collision avoidance, automobile navigation, active suspension, antitheft system, and rollover detection. Their eco-friendly nature, compact size, and energy efficiency along with the ease of bulk manufacturing, are further likely to support the overall market growth.A full report of Global Micro electromechanical System Sensors Market is available at: https://orionmarketreports.com/global-micro-electromechanical-system-sensors-market/110135/
The market growth is also attributable to the increasing safety concerns in the automotive industry and the advent of automation of industry 4.0. This trend is likely to significantly impact the coming few years as it is widely adopted in multiple industrial settings post COVID-19 situation. Adding to this, the rising usage of autonomous vehicles is poised to drive the use of MEMS sensors in such applications. Safety and security in automobiles, being the major concern of automotive makers is one of the key factors driving the market growth. The MEMS sensors play a critical role in improving the safety features of the vehicles, thereby driving the growth of the market.
Some key players operating in the market include ST Microelectronics N.V., Hewlett-Packard Co., and Texas Instruments Inc., among others. The market players are eyeing on strengthening their position in the market by adopting various strategies as mergers and acquisitions, partnerships, collaborations, new product launch and development in the existing product portfolio, and so on. For instance, in March 2021, a US-based semiconductor test handler company named Boston Semi Equipment (BSE), received repeat orders from automotive customers for multiple Zeus gravity test handlers configured for MEMS high-power and pressure IC testing applications.
Market Coverage
The market number available for - 2021-2028
Base year- 2021
Forecast period- 2022-2028
Segment Covered-
By Type
By Application
Regions covered-
North America
Europe
Asia-Pacific
Rest of the World
Competitive Landscape: STMicroelectronics N.V., Hewlett-Packard Co., and Texas Instruments Inc., among others.
Key questions addressed by the report
What is the market growth rate?
Which segment and region dominate the market in the base year?
Which segment and region will project the fastest growth in the market?
How COVID-19 impacted the market?
Deviation from the pre-COVID-19 forecast
Most affected region and segment
Who is the leader in the market?
How are players addressing challenges to sustain growth?
Where is the investment opportunity?
Global Micro electromechanical System (MEMS) Sensors Market Report by Segment
By Type
Inertial Sensor
Pressure Sensor
Optical Sensor
Environment Sensor
Ultrasonic Sensor
By Application
Consumer Electronics
Automotive
Industrial
Aerospace and Defense
Healthcare
Telecommunication
Others
Media Contact:
Company Name: Orion Market Reports
Contact Person: Mr. Anurag Tiwari
Email: info@orionmarketreports.com
Contact no: +91 780-304-0404
About Us:
Orion Market Reports (OMR) endeavors to provide exclusive blend of qualitative and quantitative market research reports to clients across the globe. Our organization helps both multinational and domestic enterprises to bolster their business by providing in-depth market insights and most reliable future market trends. Our reports address all the major aspects of the markets providing insights and market outlook to global clients.
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