Global MEMS Sensor Market Overview

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.

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Market segmentation

By Application

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:-

Consumer Products
Automotive Sector
Healthcare Sector
Industry Sector

By Type

Different sensors are used for measuring different environmental parameters, the sensor can be classified in to following categories:-

Pressure Sensors
Inertial Sensors
Chemical Sensors

By Application In Automotive Sector

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:-

Tyre Pressure Sensors
Fuel Pressure Sensors
Oil Pressure Sensors

By Application In Healthcare Device

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:-

Blood Pressure Sensor
Endoscope Pressure Sensor
Intracranial Pressure Sensor

By Region

Geographically, the global MEMS sensor market can be segmented in to following regions:

North America (United States, Canada), Market size, Y-O-Y growth Market size, Y-O-Y growth & Opportunity Analysis, Future forecast & Opportunity Analysis
Latin America (Brazil, Mexico, Argentina, Rest of LATAM), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis
Europe (U.K., Germany, France, Italy, Spain, Hungary, BENELUX (Belgium, Netherlands, Luxembourg), NORDIC (Norway, Denmark, Sweden, Finland), Poland, Russia, Rest of Europe), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis
Asia-Pacific (China, India, Japan, South Korea, Malaysia, Indonesia, Taiwan, Hong Kong, Australia, New Zealand, Rest of Asia-Pacific), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis
Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis

Growth drivers and challenges

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.

Market size and forecast

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.

Key players

Following are the leading players providing MEMS sensors across the globe:-

Scope and Context

Overview of the Parent Market

Analyst View

Market Size and Growth

North America (U.S., Canada)
Latin America (Mexico, Brazil, Rest of Latin America)
Western and Eastern Europe (Germany, Italy, Spain, France, U.K, Benelux, Hungary, Rest Of Western Europe, Russia Poland, Rest of Eastern Europe)
Asia-Pacific (China, India, Singapore, Japan, Australia & New Zealand & Rest of Asia)
Middle East and North Africa (MENA)
Rest of World

Segmentation

By Application
By Type
By Application in automotive sector
By Application in healthcare sector
By Region

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

MEMS Sensor Market : Global Demand Analysis & Opportunity Outlook 2021