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Micro-Electro-Mechanical Systems (MEMs) Sensors Market Shares, Outlook, Competitive Analysis, Industry Trends, 2022 : Radiant Insights, Inc

Micro-Electro-Mechanical Systems (MEMs) Sensors Market Shares, Outlook, Competitive Analysis, Industry Trends, 2022 : Radiant Insights, Inc

There are new and growing opportunities, including the newer IoT applications that are in the early adopter phase. IoT sensors have yet to gain significant market traction but they will, once units are proven in real life situations of the digital economy, self-driving cars, drones, traffic lights, and smart things.

The total value of the MEMs sensor market is $12.5 billion in 2017, up from $10.35 billion in 2016. Markets grow to $58.7 billion in 2024. Growth is a result of the implementation of the digital economy, IoT, robots, drones, self-driving cars, and artificial intelligence. The digital economy rides on the back of MEMs sensors. This is the new world aspect, everything is monitored and activated digitally. The leading vendors in the MEMs sensor have invested in high-quality technology and processes to develop leading edge monitoring and digital triggering activation capability.

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Micro-electro-mechanical systems (MEMS) technology is used in the fabrication of inertial sensors, and particularly accelerometers. MEMS accelerometers are used in diverse markets that implement the digital economy. The reason for their success is low price, small size, high reliability, and low power consumption.

MEMS accelerometers are replacing traditional electro-mechanical accelerometers because they offer tactical grade performance. They povide the functionality required to measure motion in three-dimensional space. Digital signal processors calibrates the sensors during runtime. They intelligently convert raw sensor data from multiple sensors. The output from MEMs sensors creates application-specific data.

MEMs organic volume growth has been relatively slow as existing motion sensor and traditional end-product markets achieve market saturation. There are new and growing opportunities, including the newer IoT applications that are in the early adopter phase. IoT sensors have yet to gain significant market traction but they will, once units are proven in real life situations of the digital economy, self-driving cars, drones, traffic lights, and smart things.

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“MEMS suppliers have a focus on sensor improvement. Power and performance are being improved.”

“Everything will be connected,” said SoftBank Chief Executive Masayoshi Son, announcing a ARM processor deal in London. “Cows will be connected, chickens will be connected, the sheep will be connected.”

As a significant market does take root, MEMs sensors face the challenge of generating profit above costs. The companies keep prices low to buy customers and spur demand. MEMs vendors seek to be in businesses where there are millions and billions of units.

Companies Profiled

Market Leaders

• Bosch
• Broadcom
• Texas Instruments
• STMicroelectronics
• Qorvo
• Hewlett Packard
• Knowles Electronics
• Denso
• TDK / InvenSense
• Qualcom
• Panasonic

Market Participants

• Block Engineering
• Cymbet
• Infineon
• JonDeTech
• NaugaNeedles
• Rogue Valley Microdevices
• Senseair Test & Measurement Carbon Dioxide Sensors
• Softbank
• Structured Materials Industries
• Taiwan Semiconductor
• Thorlabs
• Vectornav

Key Topics

• MEMs Sensors
• Micro-electro-mechanical systems
• Digital economy
• IoT
• Internet of Things
• Digital monitoring
• Digital triggering activation
• Smart devices
• Smart cities
• Smart drones
• Smart agriculture
• Self-driving cars

Media Contact
Company Name: Radiant Insights, Inc.
Contact Person: Michelle Thoras, Corporate Sales Specialist – USA
Email: Send Email
Phone: (415) 349-0054, Toll Free: 1-888-928-9744
Address:201 Spear Street 1100, Suite 3036
City: San Francisco
State: California
Country: United States
Website: www.radiantinsights.com/

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