Texas Instruments (U.S), InvenSense (U.S.), Qualcomm (U.S.), Infineon (Germany), Honeywell (U.S.), Allego microsystems (U.S.), Bosch (U.S.), Asahi Kasei Microsystems (Spain), Mega Chips Corporation (Japan), Panasonic (Japan), Denso Corporation (Japan), Delphi Automotive (U.K.), and Hitachi Ltd. (Japan) are some of the prominent players at the forefront of competition in the Global MEMS & Sensors Market and are profiled in MRFR Analysis.
MEMS & Sensors Market Overview
The Global MEMS & Sensors Market is growing with the rapid pace; mainly due to the burgeoning Automotive industry. According to a recent study report published by the Market Research Future, The global MEMS & Sensors Market is booming and expected to gain prominence over the forecast period. The Market is forecasted to demonstrate a huge growth by 2027, surpassing its previous growth records in terms of value with a staggering CAGR during the anticipated period (2016 – 2027).
The major growth driver of MEMS & Sensors Market includes growing demand for security in automobile industries, growing consumer electronics market, and innovative government regulations for energy efficient applications among others. MEMS plays a significant role in the semiconductor world which is evolving at the lighting speed growing faster than the overall chip industry. Consumer and mobile applications continue to be the leading MEMS segments despite saturation of the handset and tablet markets. Other areas emerging as prominent drivers of MEMS market growth, include the IoT impacting the industrial space, as well as mandates on safety sensors attaining full implementation in automotive, consumer electronics, mobile, medical and industrial segments—with our wide-ranging research and analysis.
However, functional and operational issues are one of the major factors which are hindering the growth of MEMS & Sensors Market.
MEMS or Micro-Electro-Mechanical Systems, is a technology and can be defined as miniaturized mechanical and electro-mechanical elements for instance devices and structures that are made using the techniques of micro fabrication.
MEMS technologies are the rising star in the sensors market. MEMS sensors combine electrical and mechanical components into or on top of a single chip – i.e. they are electro-mechanical sensors. In this way, MEMS sensors represent a continuum bridging electronic sensors at one end of the spectrum, and mechanical sensors at the other. The key criterion of a MEMS sensor however, is that there are typically some elements with mechanical functionality – i.e. an element that is able to stretch, deflect, spin, rotate, or vibrate.
MEMS development starts from the microelectronics industry, and combines and extends the conventional techniques developed for integrated circuit (IC) processing with MEMS-specific processes, to produce small mechanical structures measuring in the micrometre scale (one millionth of a meter).
MEMS sensors are a key technology for the mobile and connected world. By rapid technological developments in recent years, the scope of automotive applications has widened – a highly equipped vehicle has more than 50 built-in MEMS sensors altogether.
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Global MEMS & Sensors Market Competitive Analysis
Characterized by the presence of several well-established and small players, the global Market of MEMS & Sensors appears to be highly competitive. Well established players incorporate acquisition, collaboration, partnership, expansion, and technology launch in order to gain competitive advantage in this market and to maintain their market position. These key players compete based upon pricing, Product/Technology launch, reputation and services. Key Players operating in the market strive to develop MEMS sensors that can deliver high performance, are small, sturdy, and extremely cost-effective. Marketers employ a continuous improvement strategy to analyze and update products, implementing improvements and launching new technologies to meet the changing needs of consumer. These Key Players are investing heavily in research and development projects to develop state-of-the-art equipment, facilities, advanced technology and processes.
- Infineon has launched “IoSense” pilot line projects in Dresden on May 2016 to strengthen European microelectronic market. IoSense is derived from “internet of sensors” which is been developed to extend the Infineon’s position in the sensor technology market.
- Allergo Microsystems has announced on July 2016 about its new linear half-effect current sensors IC product with reverse battery protection. The sensors have 240 kHz bandwidth, high precision which is ideal for automotive applications.
MEMS & Sensors Market Segmentations
Global MEMS & Sensors Market is segmented in to 4 Key dynamics for an easy grasp and enhanced understanding.
Segmentation by Material: Comprises – Polymer, Silicon, Ceramic and Metals.
Segmentation by Component: Comprises – Sensor (Accelerometer, Temperature sensor, Pressure sensor), Actuator.
Segmentation by Application: Comprises – Automotive, Healthcare, Telecommunication, Aerospace, Defence, and other.
Segmentation by Region: Comprises – Geographical Regions.
Global MEMS & Sensors Market – Regional Analysis
Asia-Pacific is expected to dominate the Global MEMS & Sensors Market with the largest market share due to growing automobile and consumer electronics sectors in the region, and therefore accounting for astronomical amounts and is expected to grow over its previous growth records by 2027. MEMS & Sensors Market in North-America market is expected to grow at a substantial CAGR by 2027. The Europe market for MEMS & Sensors Market is expected to grow at a considerable CAGR (2016-2027).
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