Growing demand for smart
consumer electronics, emerging trends in automotive industry, and rise in
popularity in IoT have boosted the growth of the global MEMS sensor market.
However, lack of standardized fabrication process for MEMS and reduction in life
of device after incorporating the sensor in devices hamper the market growth.
On the contrary, the emerging trends toward autonomous vehicles, rise in
adoption of wearable devices and innovative application in biomedical sectors
are expected to create lucrative opportunities in the near future.
According
to the report, the global MEMS sensor industry accounted for $25.7 million in 2018 and is projected to reach $60.6 million by 2026, registering a CAGR of 10.4% from 2019 to 2026.
The optical
sensor segment held the lion's share
The optical sensor segment held the largest share in 2018,
contributing more than one-fourth of the global MEMS sensor market, owing to
rising demand for advanced features in smartphones and smart accessories such
as on-screen fingerprint scanner, medical devices that detect dengue and
coherence tomography. However, the environment sensor segment is projected to
register the fastest CAGR of 12.6% during the forecast period, owing to
increase in environmental regulation in order to reduce air pollution and
growing safety concerns.
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The healthcare
segment to portray the fastest growth through 2026
The healthcare segment is expected to manifest the fastest CAGR
of 13.5% during the study period, owing to surge in initiative by government in
developed countries, rise in need for automated equipment to perform critical
surgeries, and increase in trend of home-based digital healthcare equipment.
However, the consumer electronics segment held the largest share in 2018,
accounting nearly one-fourths of the global MEMS sensor market, as penetration
of MEMS sensor is high in consumer electronics.
Asia-Pacific dominated
the market, followed by North
America
The global MEMS sensor market across Asia-Pacific region
dominated the market in 2018, contributing around half of the market and is
anticipated to maintain its dominance throughout the forecast period. Moreover,
the region is expected to register the fastest CAGR of 11.4% through
2026, owing to an increase in population and rapid adoption of enhance
technologies in various industries such as consumer electronics, manufacturing
industry, infrastructure.
Major market
players
·
Robert Bosch GmbH
·
Panasonic Corporation
·
STMicroelectronics N.V.
·
Analog Devices Inc.
·
Texas Instruments
·
Denso Corporation
·
HP Inc.
·
Broadcom
·
NXP Semiconductors
Knowles Corporation
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