Sensors and MEMs devices make up about 3 percent of the total semiconductor market. Products are being utilized in all types of applications that have never required them before. Sensors and MEMs are able to make applications “smarter” by being able to sense the world around them, therefore making end products much easier to use.
For 2014, the sensors and MEMs market is expected to grow by only about 2 percent, but in 2015, the market is expected to jump from $10 billion to 12 billion. Driven by accelerometers, and sensors used in automotive, the market is expected to grow by a compound annual growth rate of 10 percent each year thru 2019.