Global MEMS Sensor Market Size, Share, and COVID-19 Impact Analysis, By Type (Pressure Sensor, Inertial Sensor, Optical Sensor, Ultrasonic Sensor & Others), By End-User (Automotive, Industrial, Healthcare, Aerospace and Defense, Consumer Electronics, Telecommunications & Others), and by Region (North America, Europe, Asia-Pacific, South America, Middle East and Africa) Analysis and Forecast 2022-2028

KEY MARKET INSIGHTS

The MEMS Sensor Market was valued at USD 11.3 Bn in 2021 and is projected to reach USD 18.8 Bn by 2028, at a CAGR of 6.1%. Microelectromechanical systems (MEMS) are devices that associate electrical and mechanical elements on a micrometer scale device. Sensors such as accelerometers, gyroscopes, digital compasses, inertial modules, pressure sensors, humidity sensors, and microphones are made using this technology, which incorporates very small moving mechanical elements and electrical components. Sensors made of microelectromechanical systems (MEMS) have a number of advantages, including accuracy and dependability, as well as the possibility to construct smaller electrical devices. As a result, they've gotten a lot of attention in recent years. MEMS sensors are finding new uses in miniaturized consumer devices such as IoT-connected devices and wearables. 

COVID-19 ANALYSIS

The global mems sensor market is negatively impacted by the outbreak of COVID-19. The outbreak's consequences and impact are expected to intensify in the coming months as the virus spreads. Several governments of a few countries are considering national-level lockdowns as a viable means of controlling viral transmission. The outbreak of Covid-19 has forced governments around the world to deploy severe rules such as lockdown, temporary shutdown, and social distancing, causing disruption in the production of raw materials and in turn increased cost of raw materials. Shipments of raw materials, as well as revenue produced, have fallen. Furthermore, insufficient raw material supply will limit the rate of mems sensor, influencing the management of the mems sensor supply chain. The Airports Council International (ACI) has cautioned that the COVID-19 outbreak's protracted length will have a substantial impact on the region's airport connectivity and economic sustainability, limiting the region's ability to achieve previously estimated growth possibilities. This chain of occurrences is expected to have a negative influence on the growth of the mems sensor market in the future years.

LATEST TREND

Growing Demand of Safety and Security in Automotive Industry to Propel Growth for MEMS Sensor

The key driving factor for this market is the rising demand of safety and security in automotive industry is likely to propel the growth of the global MEMS sensor market. Every year, more than 1.35 million people are killed in traffic accidents around the world, according to the WHO. MEMS sensors play an important part in increasing car safety features and function as a stimulus for the market's growth. The MEMS sensor are used in various products such as airbags, smartphone, gyroscopes, accelerometers, e-compass and this will further fuel the expansion of the global MEMS sensor market during the forecast period.

DRIVING FACTORS

Rising Demand for Smart Consumer Electronics

The increased demand of smart consumer electronics is likely attributable to technological advancements that meet the growing demand for the growth of the global MEMS sensor market. The mems sensors offer superior accuracy, performances, flexibility and high quality required to satisfy Industry 4.0 requirements. Moreover, also saves power and multi-activated functions play crucial role for the growth of the global mems sensor market. For instance, STMicroelectronics offers motion and environmental sensors for consumer electronics applications in respect to industry 4.0.

Surging Urbanization and Industrialization Across Developed Countries

Expanding urbanization and industrialization, as well as increased power generation capacity, are all driving expansion in this market. Rising urbanization and digitalization across emerging countries is creating demand of uninsulated conductor. High performance gigabit processing speeds at low voltages are required to enable mass amounts of data to be handled. Due to these factors, the global mems sensor market is growing.

RESTRAINTS

Lack of Standardization May Hinder the Market Growth

One of the main problems limiting market growth is the lack of standardization of different sensors. Despite these constraints, growing economies offer mems sensors market players a plethora of fresh growth opportunities for future expansion is limiting the growth of the global mems sensor market.

SEGMENTATION

The global mems sensor market is segmented by Type (Pressure Sensor, Inertial Sensor, Optical Sensor, Ultrasonic Sensor & Others), by End-User (Automotive, Industrial, Healthcare, Aerospace and Defense, Consumer Electronics, Telecommunications & Others) and region. Based on the type, the market is categorized into pressure sensor, inertial sensor, optical sensor, ultrasonic sensor & others. Based on end-user, the market is categorized into automotive, industrial, healthcare, aerospace and defense, consumer electronics, telecommunications & others. Based on the region, the market is categorized into North America, Europe, Asia-Pacific, South America, Middle East and Africa.

Type Insights

Based on the type segment, the global mems sensor market is categorized into Pressure Sensor, Inertial Sensor and Optical Sensor. The pressure sensor segment accounted largest market share in 2020 due to the growing demand for commercial end-users and rugged military across the world. The pressure sensor has multiple benefits coupled with robustness, lightweight, high density, and shock resistance.

End-User Insights

Based on the end-user segment, the global mems sensor market is categorized into Automotive, industrial, healthcare, aerospace and defense, consumer electronics, telecommunications & others. The industrial segment accounted largest market share in 2020 due to the growing demand for household and commercial end-users among the population. Increasing smart devices and smart home is propelling the growth of the global mems sensor market. Coupling with advance technologies including IoT, artificial intelligence, machine learning, cloud computing and others are used to secure data and collect information.

REGIONAL INSIGHTS

The global mems sensor market is categorized into North America, Europe, Asia-Pacific, Latin America, Middle East and Africa. North America is expected to dominate the market share of global mems sensor market owing to the increasing demand for the sensors for computers, communications, and consumer electronics end-users, as well as for enhanced features and connectivity products. Furthermore, due to increased air passenger traffic, concerns about flight safety, and lower maintenance costs, the region is witnessing enormous expansion in the aviation sector, which has resulted in a demand for mems sensors. Increasing digitalization and huge population is creating the demand of mems sensors in the region. However, The Asia Pacific is anticipated to emerge as the fastest-growing region over the forecast period. The presence of major key players and advanced technologies is propelling the growth of the global mems sensors market.

KEY INDUSTRY PLAYERS:

• Robert Bosch GmbH
• Panasonic Corporation
• STMicroelectronics
• Texas Instruments
• TDK Corporation
• Honeywell International Inc.
• Analog Devices Inc
• Broadcom
• Silex Microsystems
• Denso Corporation
• Hewlett-Packard Development Company, L.P.
• NXP Semiconductors
• Knowles Corporation
• Others

KEY INDUSTRY DEVELOPMENTS:

March 2022- Sensata Technologies announced collaboration with NIRA Dynamics AB Tread Depth Monitoring (TDM) ‘virtual sensor’ system for automotive OEMs which improves vehicle safety, efficiency and uptime. SensiML Corporation announced that it supports AI/ML development for the Arduino Nicla Sense ME featuring Bosch Sensortec sensors.

January 2022- TDK Corporation Corporation launches SmartMotion ultra-high-performance, BalancedGyro technology in a family of 6-axis MEMS motion sensors.

December 2021- Silex Microsystems and Elmos Semiconductor SE signed an agreement to purchase 200mm wafer fabrication activities with the use of sensors and actuators.

April 2021- Bosch Sensortec launched a 4-in-1 Environmental MEMS Sensor, air quality MEMS sensor that combines four sensing features gas, humidity, temperature, and barometric pressure with AI-based technology.

SEGMENTATION

By Type

• Pressure Sensor
• Inertial Sensor
• Optical Sensor
• Ultrasonic Sensor
• Others

By End-User

• Automotive
• Industrial
• Healthcare
• Aerospace and Defense
• Consumer Electronics
• Telecommunications
• Others

By Region

• North America- U.S., Mexico, Canada
• Europe- UK, France, Germany, Italy
• Asia-Pacific- China, Japan, India
• Latin America- Brazil, Argentina, Colombia
• The Middle East and Africa- United Arab Emirates, Saudi Arabia