PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1397098
PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1397098
Microelectromechanical Systems Sensors Market size was valued at USD 15,100 Million in 2022, expanding at a CAGR of 8.1% from 2023 to 2030.
Microelectromechanical Systems (MEMS) sensors are sensor technology that combines mechanical and electrical components on a small scale, typically in micrometers. MEMS sensors possess essential features like continuous miniaturization and low power consumption. They also offer advantages such as cost-effectiveness through batch fabrication and the potential for integration into signal conditioning circuits. Micromachined sensors, including inertial sensors like accelerometers and gyroscopes, pressure sensors, and bio-sensors, have achieved significant success in the market. Furthermore, the miniaturization of sensors and actuators enables their application in invasive biomedical scenarios. These applications encompass pressure sensors for monitoring intracranial pressure in patients with head injuries or brain tumors, as well as blood pressure monitoring near the heart and acceleration sensors for pacemaker applications.
Increasing adoption of smart connected devices is expected to drive the growth of the market.
Microelectromechanical systems (MEMS) accelerometers are widely adopted in the smart device market due to their ability to meet strict requirements. The modern MEMS accelerometers offer an increasing cost-performance ratio, particularly in terms of accuracy and bandwidth, making them suitable for demanding measurement applications. In the healthcare sector, MEMS sensors are utilized in various medical devices and wearables to monitor patient health, track fitness data, and provide telehealth services. The growth of telemedicine and remote patient monitoring has significantly contributed to the increased usage of MEMS sensors in this field. According to a June 2021 MSI International survey, 80% of Americans support the use of remote patient monitoring, with nearly half expressing strong favorability towards its integration into medical care. Additionally, the Centers for Disease Control and Prevention reported a 50% increase in telehealth visits during the first quarter of 2020 compared to the same period in 2019. The proliferation of the Internet of Things (IoT) presents vast opportunities for MEMS sensors. However, advancements in Microelectromechanical Systems Sensors may face technical barriers that could potentially impede their progress.
The Global Microelectromechanical Systems Sensors Market is segmented on the basis of Product Type, Application, and Region.
The market is divided into two categories based on product type: Sensors and Actuators. Sensors are the market leaders. Analog gadget MEMS sensors include solid-state accelerometers produced by surface micromachining processes. They include a surface-micromachined polysilicon sensor as well as signal processing circuitry to build an open-loop capacitance acceleration measuring architecture.
The market is divided into four categories based on application: Consumer Electronics, Automotive, Industrial, Aerospace and Defense, Healthcare, Telecommunication, and Others. Consumer Electronics dominates the market. MEMS sensors are widely utilized in the consumer electronics sector and are instrumental in the functionality of various devices, including but not limited to smartphones, wearables, and other gadgets.
This market has a wide geographical reach, spanning across North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa, with each region further segmented by individual nations. The Asia Pacific region is anticipated to be the primary driver of market growth, owing to the increasing demand for connected devices to facilitate the implementation of IoT. This region is a significant center for the production and consumption of consumer electronics, such as smartphones, wearables, and other IoT devices, which rely heavily on MEMS sensors for functions like motion sensing, environmental monitoring, and user interaction. China, in particular, is a leading manufacturer of connected devices in the global IoT market, which is projected to expand significantly in the years to come, with an estimated 55.9 billion connected devices by 2025, according to the International Data Corporation. Meanwhile, North America and Europe are expected to fuel market growth during the forecast period, due to the rising advancements in sensor fusion technologies.
The demand for MEMS sensors, commonly found in smartphones and wearables, is influenced by a variety of factors, including consumer preferences, industry regulations, and emerging applications. The desire for smaller and more efficient devices is a significant driver of MEMS sensor demand in these products. To stay competitive, it is crucial to evaluate the technological advancements, performance, accuracy, and innovation in sensor designs of each company. Companies that invest in research and development to create cutting-edge sensors often lead the market. It is also important to analyze the technological innovations and advancements made by competitors who invest in research and development to create state-of-the-art MEMS sensors, as they often have a competitive edge.
Analog Devices, Inc. (ADI) has recently been honored with the Electronics Industry Award for Automotive Product of the Year for its ADIS16505 MEMS inertial measurement unit (IMU). The ADIS16505, a 6DoF IMU, demonstrates exceptional capabilities in accurately measuring both rotational and linear motion of a platform, even in the most challenging and dynamic environments.