According to a new market report by Lucintel, the future of the global MEMS sensor market looks promising with opportunities in various applications, such as Advanced Driver-Assistance Systems (ADAS), Electronic Control Units (ECU), Electronic Stability Control (ESC), Heating, Ventilation and Air Conditioning (HVAC), safety & security, in-car navigation, cameras, and Tire-Pressure Monitoring System (TPMS). The global MEMS sensor market is expected to decline in 2020 due to the global economic recession led by the COVID-19 pandemic. However, the market will witness recovery in the year 2021, and it is expected to grow with a CAGR of 9% from 2020 to 2025. The major growth drivers for this market are increasing demand for low cost and compact size sensor, government regulations on safety, and growth of the automotive industry
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In this market, inertial sensor, microphones, and pressure sensor are the sensor types.
Within the MEMS sensor market, ADAS, ECU, ESC, HVAC, safety & security, in-car navigation, OIS camera, microphone in cabin, & TPMS are the major application segments.
Asia Pacific will remain the largest region, and it is expected to witness the highest growth over the forecast period due to the presence of emerging economies, like China and India, along with increasing growth of the automobile and consumer electronics segments.
Sensata Technologies, Analog Devices, Robert Bosch GmbH, General Electric, Panasonic, NXP, and Infineon Technologies are among the major manufacturers of the MEMS sensor market.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global MEMS sensor market by sensor type, application, and region. Lucintel has prepared a comprehensive research report entitled “Growth Opportunities in the Global MEMS Sensor Market 2020-2025: Trends, Forecast, and Opportunity Analysis.” This Lucintel report serves as a catalyst for growth strategy, as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes trends and forecast for the global MEMS sensor market by sensor type, application, and region as follows:
By Sensor Type [$M shipment analysis for 2014 – 2025]:
Inertial Sensor
Microphones
Pressure Sensor
By Application [$M shipment analysis for 2014 – 2025]:
ADAS
ECU
ESC
HVAC
Safety & Security
In-Car Navigation
Camera
TPMS
Others
By Region [$M shipment analysis for 2014 – 2025]:
North America
United States
Canada
Mexico
Europe
Asia Pacific
China
Japan
India
South Korea
Rest of the World
This 150-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or visit us at helpdesk@lucintel.com.
About Lucintel
Lucintel, the premier global Management Consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, Growth Consulting, M&A, and Due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.