MEMS and Sensor Market Size Global Market to Observe Strong Development by 2023

Key Players:

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 profiled in MRFR Analysis and are at the forefront of competition in the Global MEMS & Sensors Market.

Overview

A Micro Electro Mechanical Systems is a manufacturing technology of small devices and it is the combination of the mechanical elements, sensors, electronics and actuators on a substrate through micro technology. It is used to produce a system of miniature dimensions. MEMS are used in different applications such as optical networks, sensor systems and display technologies, etc. MEMS can also be found in pressure sensors, flow sensors, deformable mirror devices, inkjet printers, gas sensors, micro motors, accelerometers, micro gears, and lab-on-a-chip systems. These products are all fabricated in high-profitable volumes. A MEMS sensor is usually assembled by similar etching or masking process as microchips. A common MEMS sensor is an accelerometer to measure acceleration.

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Healthcare segment is estimated to hold high growth potential. The MEMS technology is used in medical research, diagnostic application, and in medical devices such as endoscopic pills and insulin micro pumps. Government initiatives, rising healthcare expenditure, and technological advancements are estimated to boost healthcare segment over the forecast period. Increasing preference of consumer towards home medical monitoring in order to reduce hospital cost and penetration of health monitoring wearable devices is estimated to trigger the use of the technology and open new paths for the industry players.

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. However, functional and operational issues are one of the major factors which are hindering the growth of MEMS & Sensors Market.

Competitive Analysis

The Market of MEMS & sensors appears to be highly competitive. To maintain their market position and to drive the market growth, various dynamic and diversified international organizations, domestic organizations and as well as new entrants form a competitive landscape. Market leaders are innovating continuously and increasingly seeking market expansion through various strategic mergers and acquisitions, innovation, increasing investments in research and development and cost-effective product portfolio. Major players are investing on internal R&D and, most of all, in acquiring other firms. Prominent vendors of sensors and MEMS targeting to invest more in technology and research and development activities to innovate their already existing products. The rising government funding is also expected to motivate key companies to invent new sensor technologies that match the changing trends and needs across the globe. These players possess state of art R&D labs and strong sales and distribution network which have helped them to gain leadership position in the market.

Segmentation

MEMS and Sensor Market Size can be segmented in to 4 key dynamics for the convenience of the report and enhanced understanding;

Segmentation by materials: Comprises Silicon, polymers, metals and ceramics among others..

Segmentation by component: Sensors (Pressure sensors, humidity sensors, temperature sensors, accelerometers) and Actuators (optical, microfluidics, Inkjet head) among others.

Segmentation by application: Comprises consumer electronics, healthcare, industrial, aerospace & Defense, and automotive among others.

Segmentation by Regions: Comprises Geographical regions - North America, Europe, Asia Pacific and Rest of the World.

Regional Analysis

In terms of different geographic region, Asia Pacific region holds the maximum share in the market in 2016 and is expected to grow at rapid rate through the forecast period. Asia Pacific is a major market for consumer electronics, automotive, and industrial verticals. Moreover, Asia Pacific has become a global central point for large investments and business expansion opportunities. North America holds the second largest place in terms of market share in the global MEMS and sensors market. Due to the presence of sensor manufacturing companies, the growing home automation, and the adoption of evolving technologies makes North America to hold its share in the global competition.

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