The MEMS market is estimated to reach USD 26.14 billion by 2022,
according to a new report by Grand View Research, Inc.The industry is expected to
witness significant growth owing to increasing demandin consumer and automotive
application segment.
The market for MEMS technology is gaining
traction in automotive sector with increasing concerns for passenger safety and
regulatory norms. MEMS devices such as pressure sensors, accelerometers, and
others are used in cars for air bags, tire pressure monitoring, electronic
stability control, and other safety features. Growing popularity of wearable
devices is anticipated to be key driver for the industry over the next seven
years.
Advancement in technology such as sensor fusion
is expected to boost industry growth over the forecast period.Technology
advancement has led to reduction in size of the devices, making it
cost-effective, efficient, and compatible at the same time.
Calibration and accuracy issues may hinder market
growth. Intense competition observed among industry participants is a key
challenge, forcing industry players to keep the price low to remain competitive
in the market.
View
summary of this report @
http://www.grandviewresearch.com/industry-analysis/microeletromechanical-systems-market
http://www.grandviewresearch.com/industry-analysis/microeletromechanical-systems-market
U.S. MEMS market by application, 2012 - 2022 (USD Million)
Further key findings from the report
suggest:
·
Growing consumer application industry is
estimated to drive demand over the forecast period. Consumer electronics is the
major segment and accounted for over 40% of the revenue in 2014. Consumer
applications include household appliances, computer peripherals, sports
training devices, personal navigation devices, and active subwoofers. Smart
homes and smart city projects initiatives are anticipated to boost the MEMS
demand over the forecast period
·
Industrial applications of the technology
include machine health, earthquake detection and gas shutoff, and shock and
tilt sensing. In defense, it is used in planes, tanks, and equipment. In
automotive domain, this technology is used in vehicle security systems, airbag
systems, inertial brake lights, headlight leveling, active suspension,
automatic door locks, and rollover detection
·
Healthcare segment is estimated to hold high
growth potential. The technology is used for medical research, diagnostic
application, and in medical devices such as endoscopic pills and insulin
micropumps. Government initiatives, rising healthcare expenditure, and
technological advancements are anticipated to boost healthcare segment over the
forecast period. Increasing preference of consumer towards home medical
monitoring in order to reduce hospital cost and penetration of health
monitoring wearable devices is estimated to trigger the use of the technology
and open new avenues for the industry players
·
Robert Bosch, Honeywell International, HP,
STMicroelectronics, Texas Instruments, and InvenSense are some of the
importantplayers in this industry.In January 2015, InvenSense, Inc. announced
integrated motion sensor with multi-core processing that integrates 6-axis MEMS
sensor, embedded flash, tri-core sensor hub, SRAM, and software framework
·
Industry is anticipated to witness increase in
number of mergers and acquisitions over the forecast period. Non-MEMS players,
who are looking forward to enter into this market, are also anticipated to
acquire niche existing players. In October 2014, InvenSense completed the
acquisition of Trusted Positioning, Inc. and Movea. Trusted Positioning, Inc.
offers positioning software, while Movea offers software solution for ultra-low
power location, context sensing, and activity tracking.
Browse All Reports of
this category @
http://www.grandviewresearch.com/industry/sensors-and-controls
http://www.grandviewresearch.com/industry/sensors-and-controls
Grand View Research has segmented the MEMS market on the basis ofapplicationand region:
MEMS Application Outlook (Revenue, USD Million, 2012 – 2022)
·
Automotive
·
Consumer Electronics
·
Industrial
·
Healthcare
·
Others
MEMS Regional Outlook (Revenue, USD Million, 2012 – 2022)
·
North America
·
Europe
·
Asia Pacific
·
Latin America
·
MEA
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