Before we witness the stabilization of economic growth in Europe and North America, Asia Pacific is estimated to bounce back progressively with countries such as China, India, South Korea and Japan witnessing more opportunities to recover from the losses sustained during COVID-19.
Being the biggest market in Eastern Europe, Russia is estimated to take the lowest hit, offering a sigh of relief to the businesses operating in the country. Whereas, GCC is estimated to observe low investments due to the sliding prices of crude oil.
We evaluate the strategies and commitment of the Giant Players in the market towards creating products and services that customers value and rely on.
In an attempt to control and eliminate the surge of coronavirus cases and meet the demand for required medical devices along with providing efficient medical services, there is a drastic shift of investments from authoritative bodies towards the healthcare sector. Where the aftermath of this pandemic may take years to be measured, Research Nester estimates notable expansion of e-health, gaming, and media and entertainment industries till the whole situation is contained and the plan of action for the recovery process is determined. There is an estimated probability of the growth in businesses going back a year if the condition is controlled in the next 2-3 months. Request Insights
MEMS (Micro electro mechanical system) sensors are devices which gather information by analyzing environmental parameters by measuring thermal, chemical, magnetic, mechanical, and optical phenomenon. The sensors have a wide variety of application in various sectors such as automotive, electronics, healthcare etc. MEMS technology is designed to reduce the power consumption and cost of the final product which are some of the major factors driving the MEMS sensor market across the globe. The opportunities in the MEMS sensor market are increasing with the increased consumption of consumer products. Technological advancement in the product such as size reduction, high accuracy, and new application is expected to drive the market over the forecast period. Increasing safety issues in automotive sector will force the consumers to adopt better safety measures in the vehicle. Low manufacturing cost, ecofriendliness, bulk manufacturing and compact size are some of the factors that can raise the competition between the vendors across the globe. CLICK TO DOWNLOAD FREE SAMPLE REPORT
MEMS sensors have a wide variety of application in various sectors, the sensors can be segmented into following sectors on the basis of their application:-
Different sensors are used for measuring different environmental parameters, the sensor can be classified in to following categories:-
On the back of spiked safety issue in automotive sector, many sensors are used in vehicle to measure the parameters such as pressure, heat, collision parameters etc. MEMS sensors in automotive sector are further segmented into following categories:-
Due to growing importance of human life, Healthcare care has emerged as one of the biggest and fastest growing industry across the globe. MEMS sensors are used in medical facilities and equipment such as CT scan, X-ray machines, ECG etc. MEMS sensors in healthcare industry is further segment in to following categories:-
Geographically, the global MEMS sensor market can be segmented in to following regions:
Increasing applications in healthcare instruments, rising safety concerns in automotive sectors, growing consumer product industry and development in the industry sectors are some of the factors strengthening the growth of MEMS sensor market across the globe. The technology has led the smart phones market to a new horizon as MEMS sensors are used in smart phones; with technological advancement of the sensor this factor is likely to boost the MEMS sensor market in the upcoming years. MEMS sensor has evolved as one the revolutionized component used in health care devices, technological advancement in the MEMS sensor industry is opening new ventures of application in health care device, increasing consumer concern towards better medical facilities is expected to drive MEMS sensor market over the forecast period. Accuracy in the parameter measurement, calibration problems during sensor fusion, high competition among the key players are the main restraints for global MEMS sensor market.
The MEMS Sensor market is expected to reach USD 3.54 billion by 2021 and projected to expand with higher momentum in the upcoming year. Higher consumer product consumption is expected to be the key market driver, as it acquired 40% market share of global MEMS market across the globe by sectors in 2015. Further, Asia-pacific region is expected to contribute the highest share in the market due to rising demand in emerging economic countries such as India and China.
Following are the leading players providing MEMS sensors across the globe:-
Overview of the Parent Market
Analyst View
Market Dynamics
Supply & Demand Risk
Competitive Landscape
Porter’s Five Force Model
Geographical Economic Activity
Key Players (respective SWOT Analysis) and their Strategies and Product Portfolio
Recent Trends and Developments
Industry Growth Drivers and Challenges
Key Information for Players to establish themselves in current dynamic environment
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