MEMS Is Expected To Register A CAGR Of 18.01% By 2032

Technology

The MEMS market garnered a market value of US$ 14.32 Bn in 2021. The market for MEMS is expected to register a CAGR of 18.01% by accumulating a market value of US$ 75 Bn through the forecast period 2022-2032.

With the fast development of 5G network technology, MEMS sensors are set to play a more critical role in providing information to modern-day consumers. Combining with the benefits of IoT, AI, and VR, the next-generation of MEMS sensors will assist end users in interacting with devices, ranging from consumer electronics to industrial equipment.

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Key Segments Covered

  • Type

    • Mechanical MEMS Sensors
    • Optical MEMS Sensors
    • Thermal MEMS Sensors
    • Chemical & Biological MEMS Sensors
    • Other MEMS Sensors
  • Fabrication Material

    • Silicon MEMS Sensors
    • Polymer MEMS Sensors
    • Ceramic MEMS Sensors
    • Metal MEMS Sensors
  • Application

    • Automotive MEMS Sensors
    • Consumer MEMS Sensors
    • Medical MEMS Sensors
    • Industrial MEMS Sensors
    • Other MEMS Sensors

Competitive Landscape

  • In December 2021, STMicroelectronics N.V introduces a smart sensor evaluation kit that accelerates design with IO-Link Transceiver and STM32 MCU. The device eases workload and is designed for easy integration with additional X-cube software to expand the sensors functionality.
  • In September 2021, STMicroelectronics N.V announces the first multi-zone Flightsense time of flight sensor for various general purpose applications. The company is focusing on providing the same to a wide spectrum of industrial and consumer products.

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