The rising popularity of IoT in semiconductors, the growing need for smart consumer electronics are a major factor attributable to the growth of the market.
According to TechSci Research report, “Global Industrial MEMS Sensor Market – Industry Size, Share, Trends, Competition Forecast & Opportunities, 2028”. The Global Industrial MEMS Sensor is anticipated to project robust growth in the forecast period with a CAGR of 10.63% through 2028, Industrial MEMS Sensors deliver multiple advantages, such as accuracy, reliability, and the prospect of making smaller electronic devices. As a result, they have gained considerable traction in the past few years. Miniaturized consumer devices, such as IoT-connected devices and wearables, are emerging applications of Industrial MEMS Sensors in the market. According to the IFR forecasts, global adoption is expected to increase significantly to 518,000 industrial robots operational across factories all around the globe in the next few years. The positive growth trajectory of the industrial robots market is expected to drive the demand for Industrial MEMS Sensors during the same period.
Moreover, the demand for smartphones has been witnessing an upsurge owing to several factors increasing disposable income, the advent of 5G, and the development of telecom infrastructure. For instance, according to Ericsson, worldwide smartphone subscriptions are expected to reach 7,690 million in the next few years. Based on Type, Pressure Sensor Segment to Dominate the market during the forecast period. Pressure MEMS Sensors is used in the automobile industry and intelligent automobiles. Industrial MEMS Sensor development is expected to focus on the automotive industry. It is widely used in engine e(ABS), electronic stability program (ESP), electronic control suspension (ECS), electric hand brake (EPB), slope starter auxiliary (HAS), tire pressure monitoring (EPMS), car engine stabilization, angle measure, and heartbeat detection, as well as adaptive navigation systems.
Based on Region, Asia Pacific to be the Fastest Growing Market. Asia-Pacific is anticipated to be the most extensive market for Industrial MEMS Sensors due to economies, such as India, Japan, and China, along with the increasing growth of the consumer electronics and automobile segments. According to Cisco, this year, around 311 million and 439 million wearable device units are expected to be sold in Asia-Pacific and North America, respectively. This is further driving the demand for Industrial MEMS Sensors in the region.
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China has witnessed a significant increase in the usage of Industrial MEMS Sensors in the past couple of years due to the rise in its automotive and consumer markets and the export of smartphones, tablets, drones, and other microsystem and semiconductor-enabled products. Multiple Industrial MEMS Sensors, such as accelerometers, gyroscopes, pressure sensors, and radio frequency (RF) filters, have been imported into China for product assembly.
Moreover, the Chinese administration also views its automotive industry, including the auto parts sector, as one of the major industries. The Central Government expects China’s automobile output to reach 35 million units in the next few years. This is posed to make the automotive sector one of the prominent uses of Industrial MEMS Sensors in China. Furthermore, Minbea Mitsumi Inc., based in Japan, recently announced that Mitsumi Electric Co. Ltd, a company subsidiary, has reached an agreement with Omron Corporation to acquire the semiconductor and MEMS Manufacturing plant as the MEMS product development function at OMRON’s Yasu facility through MITSUMI. Acquiring the Industrial MEMS Sensor business will strengthen Mitsumi’s sensor business, which is one of its most important.
Key market players in the Global Industrial MEMS Sensor Market are following:-
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“The global MEMS (Micro-Electro-Mechanical Systems) sensor market is driven by several key factors. Firstly, the proliferation of consumer electronics, including smartphones, wearables, and smart home devices, relies heavily on Industrial MEMS Sensors for functionalities like motion detection, environmental sensing, and image stabilization. Secondly, the automotive industry’s integration of Industrial MEMS Sensors for applications such as ADAS (Advanced Driver Assistance Systems), TPMS (Tire Pressure Monitoring Systems), and vehicle stability control continues to surge, fueled by the demand for safer and more efficient vehicles. Thirdly, the rise of the Internet of Things (IoT) has catapulted Industrial MEMS Sensors into a wide range of applications, from smart cities and agriculture to industrial automation and healthcare, where they collect data, enable automation, and improve decision-making processes. Lastly, innovations in MEMS technology, such as smaller form factors, lower power consumption, and enhanced performance, are keeping Industrial MEMS Sensors at the forefront of emerging technologies, ensuring their continued relevance in an ever-expanding market landscape.” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based global management consulting firm.
Industrial MEMS Sensor Market – Global Industry Size, Share, Trends, Opportunity, and Forecast Segmented by Type (Pressure Sensor, Inertial Sensor), By Region, Competition 2018-2028 has evaluated the future growth potential of Global Industrial MEMS Sensor Market and provides statistics and information on market structure, size, share, and future growth. The report is intended to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities present in the Global Industrial MEMS Sensor Market.
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