MEMS Sensor Market
MEMS Sensor Market Study by Mechanical, Optical, Thermal, and Chemical & Biological for Automotive, Consumer Electronics, Medical, and Industrial from 2024 to 2034
Analysis of MEMS Sensor Market Covering 30+ Countries Including Analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
MEMS Sensor Market Outlook (2024 to 2034)
Expanding at a CAGR of 12%, the global MEMS sensor market is projected to increase from a valuation of US$ 16.3 billion in 2024 to US$ 50.6 billion by the end of 2034.
Market growth is mainly driven by rising demand for miniaturization in electronic devices such as smartphones, wearables, medical equipment, and others. MEMS technology combines small moving mechanical and electrical components to facilitate the production of sensors such as accelerometers, gyroscopes, pressure sensors, and others.
The market is also being influenced by rising demand for electronic devices, falling average selling prices (ASPs) of components, and the cost-effectiveness, compact size, and high precision of MEMS devices. The compact form factor of MEMS devices allows for direct soldering onto circuit boards, reducing technology expenses.
Technological advancements in the semiconductor industry have enhanced the production of application-based and MEMS-based sensors for a variety of applications, such as smart grid infrastructure, smart home appliances, and others. This is made feasible by their increased reliance on online platforms for their daily needs.
| Report Attributes | Details |
|---|---|
| MEMS Sensor Market Size (2024E) | US$ 16.3 Billion |
| Projected Market Value (2034F) | US$ 50.6 Billion |
| Global Market Growth Rate (2024 to 2034) | 12% CAGR |
| China Market Value (2034F) | US$ 5.6 Billion |
| Canada Market Growth Rate (2024 to 2034) | 12.5% CAGR |
| North America Market Share (2024E) | 23.9% |
| East Asia Market Value (2034F) | US$ 11.7 Billion |
| Key Companies Profiled |
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Which Factors are Driving Global MEMS Sensor Market Growth?
“Increasing Use of MEMS Sensors in Smartwatches and VR Glasses”
MEMS sensors have become integral components in a wide array of devices, including smartwatches, fitness trackers, virtual reality (VR) glasses, and smart sensor nodes for the Internet of Things (IoT). The evolution of MEMS sensors has resulted in a reduction in the size of electronic components, making them more compact, efficient, cost-effective, and compatible.
The growing presence of smartphones and the significant influx of advanced consumer electronics are projected to contribute to the expansion of the MEMS sensor market size over the forecasted period. Manufacturers of MEMS sensors are focusing on identifying and capitalizing on opportunities in various applications within the automotive and healthcare industries.
Increased emphasis on safety features and favorable regulatory policies for automotive electronics, coupled with the rising automation in the healthcare industry, are expected to drive the MEMS sensor market. The launch of next-generation networks (NGN) and the widespread implementation of IoT across various enterprises are projected to further fuel market growth. With an expanding application scope in biotechnology, smart cities, smart grids, smart stadiums, and connected cars, the MEMS sensor market is exhibiting substantial growth.
“Rising Demand for MEMS Sensors in Automotive and Medical Industries”
MEMS sensors find utility in a variety of applications spanning from the automotive to the medical industry. Advancements in medicine, communication, and biotechnology are projected to fuel demand for MEMS sensors over the forecasted period. The application of MEMS sensors in the automotive industry is poised for substantial growth, driven by increased automation in automotive manufacturing and the advent of connected autonomous cars. The consumer electronics segment is projected to occupy a 50% share of the market by 2034.
Country-wise Insights
Fact.MR, a market research and competitive intelligence provider, through its newly published analysis that North America is projected to hold 24.3% of the global market by 2034. MEMS sensor manufacturers have broadened their reach to various global regions including Southeast Asia, Central and South America, and Australia. This strategic expansion enables them to efficiently cater to the increasing worldwide demand and simultaneously diversify their supply source, reducing reliance on a single one.
Which MEMS Sensor Market Trends are Manufacturers in the United States Leveraging?
“Rising Production of Smartphones, Tablets, and Wearables”
| Attribute | United States |
|---|---|
| Market Value (2024E) | US$ 1.7 Billion |
| Growth Rate (2024 to 2034) | 12.5% CAGR |
| Projected Value (2034F) | US$ 5.6 Billion |
Increasing usage of MEMS (microelectromechanical system) sensors in the United States is linked to the growing demand for advanced consumer electronics such as smartphones, tablets, and wearables. These devices integrate MEMS sensors to enable features such as motion sensing, orientation detection, and health monitoring. The automotive industry is another significant sector that has embraced MEMS sensors. These sensors are used in the advanced driver assistance system (ADAS) and the development of autonomous vehicles, enhancing both safety and autonomous driving capabilities.
Fitness trackers and smartwatches use MEMS sensors to support features that track physical activity, monitor health parameters, and provide real-time feedback to users. IoT integration into MEMS sensors is facilitating efficient data collection, as it enables real-time communication and automation in various applications from smart homes to industrial settings.
Environmental concerns have boosted the demand for MEMS sensors in air quality monitoring and environmental sensing. These sensors play an integral role in smart city implementation, industrial emissions control, and personal air quality monitors. As technology continues to evolve, MEMS sensors are adapting to innovation driven by advancements in the consumer electronics, automotive, and healthcare sectors. Focus on industrial automation, environmental sustainability, and IoT deployment is also influencing market growth.
What is Leading to China's Dominance in the East Asian Market for MEMS Sensors?
“Increased Implementation of Industry 4.0 in Manufacturing Sector”
| Attribute | China |
|---|---|
| Market Value (2024E) | US$ 1.8 Billion |
| Growth Rate (2024 to 2034) | 12% CAGR |
| Projected Value (2034F) | US$ 5.6 Billion |
Increased industrialization efforts in China have created significant demand for advanced technologies such as MEMS sensors. The consumer electronics industry, which includes smartphones, tablets, laptops, and wearable devices, extensively uses MEMS sensors. These devices integrate MEMS sensors for various applications such as motion tracking, location-based services, and environmental sensing. The adoption of Industry 4.0 in the manufacturing sector has also played a crucial role in market expansion in the country. This has led to an increased demand for automation and control functions where MEMS sensors are extensively used.
China's ambitious national strategy, "Made-in-China 2025," aims to enhance the country's industries, including the sensor industry, through significant upgrades. This initiative has led to heightened research and development activities in the sensor field. Thus, China's dominance in the East Asian market can be attributed to its robust economic growth, technological advancements, and strategic national initiatives.
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Category-wise Insights
The market for MEMS sensors is segmented into mechanical sensors, optical sensors, thermal sensors, and chemical & biological sensors. Out of these four segments, mechanical and optical sensors claim a leading market share.
Which Type of Sensor Occupies a Leading MEMS Sensor Market Share?
“High Sensitivity and Compact Size of Optical Sensors”
| Attribute | Optical Sensors |
|---|---|
| Segment Value (2024E) | US$ 5.2 Billion |
| Growth Rate (2024 to 2034) | 13.3% CAGR |
| Projected Value (2034F) | US$ 18.2 Billion |
Optical sensors are estimated to hold a leading market share in 2024. These sensors are extensively used in a variety of applications such as telecommunications, environmental sensing, and medical diagnostics. Their high sensitivity, compact size, and low power consumption make them ideal for these applications. Advancements in technology have led to the development of miniaturized optical sensors, further driving their adoption.
Their low power consumption makes optical sensors energy-efficient. This property is particularly crucial for portable devices like smartphones and wearables. This is because battery life is a critical factor for consumer convenience and satisfaction. It is important to note that market dynamics can change rapidly with technological advancements and shifts in industry demand. While optical sensors currently lead the market, other types of MEMS sensors such as mechanical sensors also play significant roles in various applications and sectors.
What Role Do MEMS Sensors Play in Smart Consumer Devices?
“Extensive Use of MEMS Sensors in Consumer Gadgets Due to Their Energy Efficiency”
| Attribute | Consumer |
|---|---|
| Segment Value (2024E) | US$ 5.2 Billion |
| Growth Rate (2024 to 2034) | 11.3% CAGR |
| Projected Value (2034F) | US$ 15.2 Billion |
MEMS sensors offer features such as motion sensing, orientation detection, and health monitoring, catering to the relentless demand for advanced consumer gadgets. The increasing integration of IoT into smart consumer gadgets, such as wearable devices is also influencing market growth. MEMS sensors are widely used in consumer electronics because they are small in size, energy-efficient, sensitive, and affordable. They efficiently detect motion, orientation, pressure, temperature, and humidity, making them vital for smartphones, tablets, laptops, wearables, and gaming consoles.
Competitive Landscape
Key players in the MEMS sensor industry are STMicroelectronics N.V, Robert Bosch GmbH, NXP Semiconductors N.V., Panasonic Corporation, Sensata Technologies Holding N.V., Honeywell International Inc., Texas Instruments, and Dalsa Semiconductors.
- In 2022, Abbott announced that its CardioMEMS HF System received extended approval from the United States Food and Drug Administration (FDA) to enhance the management of heart failure. The broadening of indications enables an additional 1.2 million patients in the United States to benefit from Abbott's sensor, significantly increasing the previously targeted population. Serving as a proactive alert system, the sensor empowers physicians to monitor and prevent the progression of heart failure.
Know thy Competitors
Competitive landscape highlights only certain players
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Key Segments of MEMS Sensor Market Research
-
By Type :
- Mechanical
- Optical
- Thermal
- Chemical & Biological
-
By Fabrication Material :
- Silicon
- Polymer
- Ceramic
- Metal
-
By Application :
- Automotive
- Consumer Electronics
- Medical
- Industrial
-
By Region :
- North America
- Latin America
- Western Europe
- Eastern Europe
- East Asia
- South Asia & Oceania
- Middle East & Africa
- FAQs -
How big is the MEMS sensor market in 2024?
The global MEMS sensor market is valued at US$ 16.3 billion in 2024.
What is the CAGR forecasted for the North American market through 2034?
The market in North America is projected to advance at 12.2% CAGR through 2034.
How much market share is North America projected to claim by 2034?
North America is projected to account for 24.3% of the global market share by 2034.
How fast is the East Asia market forecasted to grow?
The market in East Asia is forecasted to rise at 12.3% CAGR from 2024 to 2034.
What is the current East Asia market share?
East Asia accounts for a share of 22.4% of the global market in 2024.
What is the anticipated CAGR for the market in South Korea?
The MEMS sensor market in South Korea is forecasted to increase at 12.8% CAGR through 2034.
MEMS Sensor Market