The [FURL=https://www.industryarc.com/Report/15575/mems-market.html]Micro Electromechanical Systems (MEMS) Market[/FURL] is forecast to reach $12 billion by 2025, after growing at a CAGR of 17% during the forecast period 2019-2025. The MEMS Market growth is attributed to increasing applications of miniaturized wireless communication modules and sensors in consumer electronics, automotive, medical and so on. Additionally, MEMS based inertial sensors are also witnessing significant adoption in unmanned aerial, underwater, and ground vehicles, owing to its compact footprint, low power consumption and so on. Moreover, inertial sensors are majorly used for machine condition monitoring in the industrial sector along with supporting the trend of Industry 4.0. Hence, these factors are cumulatively supporting the MEMS market growth, during the forecast period 2019-2025.Key Takeaways
Sensors in MEMS are poised to grow at a higher rate during the forecast period, owing to widespread usage of MEMS based gyroscopes, pressure sensors, magnetic field sensors in various consumer electronic devices such as smart phones, wearable and so on.
In 2018, Asia pacific (APAC) is estimated to hold major market share in the global MEMS market, due to broad industrial and consumer base in the region.
In the consumer electronics industry, high usage of miniaturization in devices is resultantly attracting high investments from firms such as Intel corp., Samsung and so on.
Increasing advancements related to low power consumption, high performance of MEMS sensors, stringent vehicle regulations are some major factors boosting the market growth.
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MEMS Market Drivers
Increasing advancement related to low power consumption and high performance in MEMS sensors
MEMS sensors in integration with IoT technologies are growing at a significant rate with rising demand for microphones, speakers, smartphones, and wearable devices. MEMS Accelerometer sensors can lower power consumption significantly, and MEMS gyroscopes enhance device functionality thereby helping in the provision of efficient devices and acting as driving factor for the MEMS market.
Government regulations for passenger vehicles
Government bodies in various regions such as Europe, Americas and APAC have passed the regulations addressing vehicle safety in order to decrease the number of road accidents.
Market Landscape
Acquisitions and product developments are key strategies adopted by players in the MEMS market. The major players present in the market are Broadcom Inc., Robert Bosch GmbH, Texas Instruments, STMicroelectronics, Qorvo, Inc., Knowles Electronics, LLC, NXP Semiconductors, Murata Manufacturing Co., Ltd., Samsung and others.
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