MEMS Is Expected To Register A CAGR Of 18.01% By 2032
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.
For detailed insights on enhancing your product footprint, request for a sample here – https://www.factmr.com/connectus/sample?flag=S&rep_id=4528
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.