The Global Sensors and MEMS Market size is growing at a CAGR of 4.5% from 2021-2028. The market was valued at USD 17.3 billion in 2016 and is expected to reach approximately USD 26.4 billion by 2028, expanding at an annualized growth rate of 4.5%. The increasing adoption of sensors across various industrial applications has been one of the key factors driving sensor demand globally.
Sensors and MEMs are some of the most recent innovations in technology. These small, versatile devices have replaced a variety of older technologies due to their high sensitivity range from low-power consuming chips up to direct data transmission capability for remote monitoring and sensing applications.
On the basis of Type, the market is segmented into Microfluidic MEMS, Pressure Sensor, and Quarterly pressure sensors. The sensing technology is anticipated to witness tremendous growth in the coming years owing to the rise in demand for newer technologies by end-users.
Microfluidic MEMS are tiny pieces of machinery usually the size of a human hair that help with microscopic fluid handling. Microfluidics can be used for many different purposes such as monitoring chemicals, detecting leaks in cars, and nuclear reactors to measuring blood sugar levels for diabetic patients environmental sensing, biomedical diagnostics, food safety testing, and measurement of oil well productivity. It is for use fluid flow and pressure to sense, measure or analyze substances.
The Microfluidic MEMS sector has witnessed significant growth owing to their use in fuel cells as well as the semiconductor manufacturing industry. In medical device application, they have been employed for pulmonary drug delivery systems which enable precise dosing according to patient’s needs. The microfluidics market is expected to witness significant gains in the coming years due to rapid growth in emerging markets like China and India.
A pressure sensor is an electronic device whose purpose is to measure the magnitude and relative change of air or gas pressure. It can be analogously defined as a transducer that converts physical pressurization changes into proportional electrical outputs, which are then processed by electronics for display or control purposes. Pressure sensors come in many different shapes and sizes from small MEMS devices with only one mechanical part all the way up to large industrial devices containing hundreds of parts.
There are two basic types: absolute pressures - where the output varies directly according to temperature, atmospheric conditions, etc.; and differential pressures - where there isn't any such direct relationship between input and output.
Quarterly pressure sensors, a type of MEMS sensor, are small semiconductor devices that measure the air pressure in an engine’s intake manifold. Pressure sensors are used to regulate fuel injection among other things and help detect conditions such as clogged filters or incorrect valve timing. The pressure sensor is a device that measures the pressure of any fluid or gas. It's being widely used in measuring atmospheric pressure, blood pressure, and tire-pressure monitoring systems.
On the basis of Application, the market is segmented into automotive, consumer electronics, industrial, healthcare, and others. Among these segments automotive is the largest segment in 2017 due to increased demand for sensor products for collision avoidance systems.
As the need for safety and convenience has increased, auto-makers face challenges to pack ever more features into their cars. Automotive Sensors provide information about vehicle operation status by monitoring critical systems such as engine performance or braking efficiency. The most commonly used applications include fuel system management, transmission control units, emission controls, anti-lock brake systems, and airbag deployment sensing. Sensors can also be used in conjunction with proximity warning devices that issue alerts when the car approaches an object too quickly or if it is out of operating range from Bluetooth-enabled phones.
Sensors and sensors-enabled devices are ubiquitous in consumer electronics. Sensors provide a richer experience by enabling features, adding a contextual understanding of the user’s environment, and providing valuable data on usage patterns that can be used for product development to improve future iterations.
Fingerprint sensor enables biometric authentication while unlocking an iPhone; users don't need to remember passwords or type them out each time they want access to their phone anymore with Touch ID. Accelerometer measures how quickly you move your device from one side to another, determining if it is being rotated around its axis or flipped over.
Industrial sensors are of various types: pressure, temperature, and humidity. They measure properties like temperature, chemical composition, flow rate, or air quality. The application areas include industrial production processes such as refining petroleum products and operating power plants for generating electricity in order to produce heat energy. In some cases, they may also be used to monitor environmental conditions such as earthquakes or avalanches that could pose a threat to human life and safety.
Healthcare is one of the major application areas for sensors and MEMS devices. These include biosensors, diagnostic equipment, blood flow monitors as well as other applications related to healthcare such as smart beds or digital assistants that can monitor patients’ conditions remotely and transmit data back to a hospital's central database for evaluation.
On the basis of Region, the market is segmented into North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. The Asia Pacific accounted for over half of total global shipments in 2017 accounting for around 54% share by volume while North America dominated the market share by revenue with approximately 50% share followed closely by Europe with 43%. In comparison, Latin America accounted for only about 16 % while Middle East & Africa was less than the smallest of the four regions with around 11% share.
Up Market Research published a new report titled “Sensors and MEMS Market research report which is segmented by Types (Microfluidic MEMS, Pressure Sensor, Quarterly Pressure Sensors, Others), By Applications (Automotive, Consumer Electronics, Industrial, Healthcare, Others), By Players/Companies Robert Bosch, Honeywell International, HP, STMicroelectronics, Texas Instruments, InvenSense”.
|Report Attributes||Report Details|
|Report Title||Sensors and MEMS Market Research Report|
|By Type||Microfluidic MEMS, Pressure Sensor, Quarterly Pressure Sensors, Others|
|By Application||Automotive, Consumer Electronics, Industrial, Healthcare, Others|
|By Companies||Robert Bosch, Honeywell International, HP, STMicroelectronics, Texas Instruments, InvenSense|
|Regions Covered||North America, Europe, APAC, Latin America, MEA|
|Historical Year||2018 to 2019 (Data from 2010 can be provided as per availability)|
|Number of Pages||232|
|Number of Tables & Figures||163|
|Customization Available||Yes, the report can be customized as per your need.|
The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.
The market is segmented by Type Microfluidic MEMS, Pressure Sensor, Quarterly Pressure Sensors, Others and By Application Automotive, Consumer Electronics, Industrial, Healthcare, Others.
Some of the companies that are profiled in this report are:
Sensors and MEMS Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.
Key Benefits for Industry Participants & Stakeholders:
Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.
We have studied the Sensors and MEMS Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.
How you may use our products:
Reasons to Purchase the Sensors and MEMS Market Report:
Some other reports from this category!