The global MEMS sensor market size is estimated to reach US$ 82.6 million by 2032. It is projected to witness a moderate CAGR of 7.2% from 2022 to 2032. The global market surpassed a valuation of about US$ 41.1 million in 2022.
Popularity of miniature mechanical and electrical devices such as micro-electromechanical systems (MEMS) sensors is rising worldwide. These sensors are capable of detecting and measuring physical phenomena such as motion, temperature, pressure, and humidity.
A few examples of MEMS sensors include accelerometers, gyroscopes, pressure sensors, temperature sensors, and humidity sensors. Sales of accelerometers are likely to surge as they can measure acceleration or changes in velocity.
Gyroscopes are estimated to witness high demand as they can measure angular velocity or changes in orientation. Pressure sensors are extensively used in the automotive industry to measure changes in pressure, whereas temperature sensors are needed to measure changes in temperature.
With expansion of the internet of things (IoT) and rising demand for smart devices, use of MEMS sensors is projected to increase. MEMS sensors are set to be used in smart home devices, smart meters, and other IoT-based devices to collect data and enable automation.
MEMS sensors are commonly used in IoT devices as these are small in size. Their small size makes them ideal for use in IoT devices that are designed to be compact and portable.
Their small size also allows for integration into various devices such as wearables, smart home devices, and industrial sensors. MEMS sensors require very little power to operate. The property makes them suitable for use in IoT devices that are designed to run on batteries or other low-power sources.
It further allows for longer battery life and enables the development of new IoT devices. Today’s IoT devices can hence operate for extended periods without requiring frequent battery replacements.
Implementation of IoT is expanding throughout the world with around 8.6 billion IoT devices operating in the world in 2019. The number of IoT devices is projected to increase to around 29 billion by 2030. With increasing adoption of IoT worldwide, MEMS sensor demand is projected to flourish during the evaluation period.
| Attributes | Key Insights |
|---|---|
| MEMS Sensor Market Estimated Size (2022E) | US$ 41.1 million |
| Projected Market Valuation (2032F) | US$ 82.6 million |
| Value-based CAGR (2022 to 2032) | 7.2% |
| United States Value-based CAGR (2022 to 2032) | 6.0% |
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According to Future Market Insights (FMI), the global MEMS sensor market exhibited steady growth during the historical period at a CAGR of 10.5%. It is anticipated to showcase a moderate CAGR of 7.2% from 2022 to 2032.
MEMS sensors have evolved significantly over the past five years, with improvements in sensitivity, accuracy, and reliability. Such improvements have led to the development of new applications and expanded the use of MEMS sensors in existing applications.
MEMS sensor sales have also been fueled by emerging applications in industries such as automotive, aerospace, and healthcare. For instance, MEMS sensors are mainly used in airbags to detect the speed and direction of a vehicle during a collision. These sensors are also utilized in medical devices to monitor vital signs and track patient movements.
MEMS sensors are manufactured by using semiconductor fabrication techniques. Modern technologies have become increasingly cost-effective over time. Cost of MEMS sensors has hence decreased significantly, making them highly accessible to a wide range of industries.
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Rising Sales of Electric Vehicles in the United States to Push Demand for MEMS Sensor Technology
The United States MEMS sensor market is expected to reach a valuation of around US$ 12.9 million by 2032. It is predicted to create an absolute dollar growth of US$ 5.7 million till 2032.
The United States exhibited decent growth at a CAGR of 7.4% from 2017 to 2021. It is expected to escalate at a CAGR of 6.0% from 2022 to 2032.
The United States is a significant market for electric vehicles in the world. There were around 361,000 electric vehicles sold in 2018, which increased to around 600,000 in 2021.
It is projected that around 5.6 million electric vehicles will be sold by 2030 in the country. MEM sensors are widely used in electric vehicles for various applications such as accelerometers and gyroscopes. With increasing production and sales of EVs in the country, demand for MEM sensors is projected to increase during the forecast period.
Rising Demand for Wearable Devices in the United Kingdom to Propel Popularity of MEMS Technology
The United Kingdom MEMS sensor industry is expected to cross a valuation of US$ 2.1 million by 2032. It is likely to create an absolute dollar growth of US$ 891.8 thousand from 2022 to 2032.
The United Kingdom market exhibited steady progress at a CAGR of 6.0% from 2017 to 2021. It is likely to expand at a CAGR of 5.6% from 2022 to 2032.
The United Kingdom has a significant demand for EVs with around 60,000 units sold in 2018, which increased to around 190,000 by 2021. It is projected that by 2030, there will be about 8 million EVs sold in the country. It is projected to bolster MEMS sensor sales in the United Kingdom.
Rising demand for MEMS sensors among wearable fitness device manufacturers is another vital factor that would drive sales. The sensors are extensively used in wearable devices to track physical activity.
Demand for Consumer Electronics in China to Push MEMS Sensor Applications by 2032
China MEMS sensor industry size is estimated to be worth US$ 20.7 million by 2032. It is likely to create an absolute dollar growth of US$ 11.7 million in the next ten years.
China market witnessed thriving expansion at a CAGR of 12.7% from 2017 to 2021. It is expected to flourish at a CAGR of 8.7% from 2022 to 2032.
The government of China has been investing heavily in the development and commercialization of MEMS sensor technology. It is likely to set up several national-level MEMS research & development centers. It is also projected to offer tax incentives to MEMS manufacturers, which would enable the industry to expand rapidly.
China also has a massive domestic market for MEMS sensors due to its rapidly growing economy and expanding industrial base. Demand for MEMS sensors in the country is projected to be accelerated by China’s robust demand for consumer electronics, automotive, and healthcare products.
Need for Environmental Monitoring to Bolster Demand for Optical MEMS Vision Sensors
Based on type, the optical sensor segment is projected to witness considerable growth in the forecast period. It had sustained growth at a CAGR of 10.0% from 2017 to 2021. The segment is expected to progress at a CAGR of 7.1% from 2022 to 2032.
One of the main advantages of using optical MEMS sensors is their high sensitivity, accuracy, and speed. Their features make them ideal for a wide range of applications such as biomedical monitoring, environmental sensing, industrial process control, and telecommunications.
Optical sensors are also increasingly being used in environmental monitoring applications. A few of its common uses include air & water quality monitoring, as well as measuring various parameters such as temperature, humidity, and pollutants.
Automotive Companies to be a Leading User of MEMS Sensors and Actuators through 2032
Based on application, the automotive segment is estimated to dominate the global MEMS sensor market by 2032. The segment is likely to witness steady growth at a CAGR of 7.0% from 2022 to 2032. It experienced robust growth at 9.5% CAGR in the historical period.
MEMS sensors are widely used in the automotive industry due to their high accuracy, reliability, and cost-effectiveness. MEMS accelerometers are used in a variety of automotive applications, including airbag deployment, stability control systems, and tire pressure monitoring systems. MEMS pressure sensors are also used widely in automotive applications such as fuel injection systems, tire pressure monitoring systems, and engine management systems.
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The global MEMS sensor industry is highly fragmented, with numerous players operating in different segments and applications. A few key players specialize in specific applications such as automotive or healthcare, while others offer a broad range of products for multiple applications.
The intense competition is based on factors such as price, performance, quality, innovation, and customer service. In recent years, there has been a trend toward consolidation in the MEMS sensor sector. Large-scale players are acquiring smaller ones to expand their product offerings and customer base.
A few recent developments in the MEMS sensor market are:
| Attribute | Details |
|---|---|
| Estimated Market Size (2022) | US$ 41.1 million |
| Projected Market Valuation (2032) | US$ 82.6 million |
| Value-based CAGR (2022 to 2032) | 7.2% |
| Forecast Period | 2022 to 2032 |
| Historical Data Available for | 2017 to 2021 |
| Market Analysis | Value (US$ million) |
| Key Regions Covered |
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| Key Countries Covered |
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| Key Segments Covered |
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| Key Companies Profiled |
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| Report Coverage |
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The market is estimated to achieve US$ 82.6 million by 2032.
The market is forecast to register a CAGR of 7.2% through 2032.
From 2017 to 2021, the global market exhibited a 10.5% HCAGR.
The market in the United States is scheduled to expand at a 6.0% CAGR.
The market in the United Kingdom advanced at a 5.6% CAGR.
The optical sensor segment to accelerate at a CAGR of 7.1%.
1. Executive Summary | MEMS Sensor Market
1.1. Global Market Outlook
1.2. Demand-side Trends
1.3. Supply-side Trends
1.4. Technology Roadmap Analysis
1.5. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Market Background
3.1. Market Dynamics
3.1.1. Drivers
3.1.2. Restraints
3.1.3. Opportunity
3.1.4. Trends
3.2. Scenario Forecast
3.2.1. Demand in Optimistic Scenario
3.2.2. Demand in Likely Scenario
3.2.3. Demand in Conservative Scenario
3.3. Opportunity Map Analysis
3.4. Product Life Cycle Analysis
3.5. Supply Chain Analysis
3.5.1. Supply Side Participants and their Roles
3.5.1.1. Producers
3.5.1.2. Mid-Level Participants (Traders/ Agents/ Brokers)
3.5.1.3. Wholesalers and Distributors
3.5.2. Value Added and Value Created at Node in the Supply Chain
3.5.3. List of Raw Material Suppliers
3.5.4. List of Existing and Potential Buyer’s
3.6. Investment Feasibility Matrix
3.7. Value Chain Analysis
3.7.1. Profit Margin Analysis
3.7.2. Wholesalers and Distributors
3.7.3. Retailers
3.8. PESTLE and Porter’s Analysis
3.9. Regulatory Landscape
3.9.1. By Key Regions
3.9.2. By Key Countries
3.10. Regional Parent Market Outlook
3.11. Production and Consumption Statistics
3.12. Import and Export Statistics
4. Global Market Analysis 2017 to 2021 and Forecast, 2022 to 2032
4.1. Historical Market Size Value (US$ million) & Volume (Units) Analysis, 2017 to 2021
4.2. Current and Future Market Size Value (US$ million) & Volume (Units) Projections, 2022 to 2032
4.2.1. Y-o-Y Growth Trend Analysis
4.2.2. Absolute $ Opportunity Analysis
5. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Type
5.1. Introduction / Key Findings
5.2. Historical Market Size Value (US$ million) & Volume (Units) Analysis By Type, 2017 to 2021
5.3. Current and Future Market Size Value (US$ million) & Volume (Units) Analysis and Forecast By Type, 2022 to 2032
5.3.1. Inertial Sensor
5.3.2. Pressure Sensor
5.3.3. Optical Sensor
5.3.4. Environment Sensor
5.3.5. Ultrasonic Sensor
5.4. Y-o-Y Growth Trend Analysis By Type, 2017 to 2021
5.5. Absolute $ Opportunity Analysis By Type, 2022 to 2032
6. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Application
6.1. Introduction / Key Findings
6.2. Historical Market Size Value (US$ million) & Volume (Units) Analysis By Application, 2017 to 2021
6.3. Current and Future Market Size Value (US$ million) & Volume (Units) Analysis and Forecast By Application, 2022 to 2032
6.3.1. Consumer Electronics
6.3.2. Automotive
6.3.3. Industrial
6.3.4. Aerospace & Defense
6.3.5. Healthcare
6.3.6. Telecommunication
6.3.7. Others
6.4. Y-o-Y Growth Trend Analysis By Application, 2017 to 2021
6.5. Absolute $ Opportunity Analysis By Application, 2022 to 2032
7. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Region
7.1. Introduction
7.2. Historical Market Size Value (US$ million) & Volume (Units) Analysis By Region, 2017 to 2021
7.3. Current Market Size Value (US$ million) & Volume (Units) Analysis and Forecast By Region, 2022 to 2032
7.3.1. North America
7.3.2. Latin America
7.3.3. Europe
7.3.4. Asia Pacific
7.3.5. Middle East and Africa
7.4. Market Attractiveness Analysis By Region
8. North America Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country
8.1. Historical Market Size Value (US$ million) & Volume (Units) Trend Analysis By Market Taxonomy, 2017 to 2021
8.2. Market Size Value (US$ million) & Volume (Units) Forecast By Market Taxonomy, 2022 to 2032
8.2.1. By Country
8.2.1.1. United States
8.2.1.2. Canada
8.2.2. By Type
8.2.3. By Application
8.3. Market Attractiveness Analysis
8.3.1. By Country
8.3.2. By Type
8.3.3. By Application
8.4. Key Takeaways
9. Latin America Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country
9.1. Historical Market Size Value (US$ million) & Volume (Units) Trend Analysis By Market Taxonomy, 2017 to 2021
9.2. Market Size Value (US$ million) & Volume (Units) Forecast By Market Taxonomy, 2022 to 2032
9.2.1. By Country
9.2.1.1. Brazil
9.2.1.2. Mexico
9.2.1.3. Rest of Latin America
9.2.2. By Type
9.2.3. By Application
9.3. Market Attractiveness Analysis
9.3.1. By Country
9.3.2. By Type
9.3.3. By Application
9.4. Key Takeaways
10. Europe Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country
10.1. Historical Market Size Value (US$ million) & Volume (Units) Trend Analysis By Market Taxonomy, 2017 to 2021
10.2. Market Size Value (US$ million) & Volume (Units) Forecast By Market Taxonomy, 2022 to 2032
10.2.1. By Country
10.2.1.1. Germany
10.2.1.2. United Kingdom
10.2.1.3. France
10.2.1.4. Spain
10.2.1.5. Italy
10.2.1.6. Rest of Europe
10.2.2. By Type
10.2.3. By Application
10.3. Market Attractiveness Analysis
10.3.1. By Country
10.3.2. By Type
10.3.3. By Application
10.4. Key Takeaways
11. Asia Pacific Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country
11.1. Historical Market Size Value (US$ million) & Volume (Units) Trend Analysis By Market Taxonomy, 2017 to 2021
11.2. Market Size Value (US$ million) & Volume (Units) Forecast By Market Taxonomy, 2022 to 2032
11.2.1. By Country
11.2.1.1. China
11.2.1.2. Japan
11.2.1.3. South Korea
11.2.1.4. Singapore
11.2.1.5. Thailand
11.2.1.6. Indonesia
11.2.1.7. Australia
11.2.1.8. New Zealand
11.2.1.9. Rest of Asia Pacific
11.2.2. By Type
11.2.3. By Application
11.3. Market Attractiveness Analysis
11.3.1. By Country
11.3.2. By Type
11.3.3. By Application
11.4. Key Takeaways
12. Middle East and Africa Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country
12.1. Historical Market Size Value (US$ million) & Volume (Units) Trend Analysis By Market Taxonomy, 2017 to 2021
12.2. Market Size Value (US$ million) & Volume (Units) Forecast By Market Taxonomy, 2022 to 2032
12.2.1. By Country
12.2.1.1. Gulf Cooperation Council Countries
12.2.1.2. South Africa
12.2.1.3. Israel
12.2.1.4. Rest of Middle East and Africa
12.2.2. By Type
12.2.3. By Application
12.3. Market Attractiveness Analysis
12.3.1. By Country
12.3.2. By Type
12.3.3. By Application
12.4. Key Takeaways
13. Key Countries Market Analysis
13.1. United States
13.1.1. Pricing Analysis
13.1.2. Market Share Analysis, 2021
13.1.2.1. By Type
13.1.2.2. By Application
13.2. Canada
13.2.1. Pricing Analysis
13.2.2. Market Share Analysis, 2021
13.2.2.1. By Type
13.2.2.2. By Application
13.3. Brazil
13.3.1. Pricing Analysis
13.3.2. Market Share Analysis, 2021
13.3.2.1. By Type
13.3.2.2. By Application
13.4. Mexico
13.4.1. Pricing Analysis
13.4.2. Market Share Analysis, 2021
13.4.2.1. By Type
13.4.2.2. By Application
13.5. Germany
13.5.1. Pricing Analysis
13.5.2. Market Share Analysis, 2021
13.5.2.1. By Type
13.5.2.2. By Application
13.6. United Kingdom
13.6.1. Pricing Analysis
13.6.2. Market Share Analysis, 2021
13.6.2.1. By Type
13.6.2.2. By Application
13.7. France
13.7.1. Pricing Analysis
13.7.2. Market Share Analysis, 2021
13.7.2.1. By Type
13.7.2.2. By Application
13.8. Spain
13.8.1. Pricing Analysis
13.8.2. Market Share Analysis, 2021
13.8.2.1. By Type
13.8.2.2. By Application
13.9. Italy
13.9.1. Pricing Analysis
13.9.2. Market Share Analysis, 2021
13.9.2.1. By Type
13.9.2.2. By Application
13.10. China
13.10.1. Pricing Analysis
13.10.2. Market Share Analysis, 2021
13.10.2.1. By Type
13.10.2.2. By Application
13.11. Japan
13.11.1. Pricing Analysis
13.11.2. Market Share Analysis, 2021
13.11.2.1. By Type
13.11.2.2. By Application
13.12. South Korea
13.12.1. Pricing Analysis
13.12.2. Market Share Analysis, 2021
13.12.2.1. By Type
13.12.2.2. By Application
13.13. Singapore
13.13.1. Pricing Analysis
13.13.2. Market Share Analysis, 2021
13.13.2.1. By Type
13.13.2.2. By Application
13.14. Thailand
13.14.1. Pricing Analysis
13.14.2. Market Share Analysis, 2021
13.14.2.1. By Type
13.14.2.2. By Application
13.15. Indonesia
13.15.1. Pricing Analysis
13.15.2. Market Share Analysis, 2021
13.15.2.1. By Type
13.15.2.2. By Application
13.16. Australia
13.16.1. Pricing Analysis
13.16.2. Market Share Analysis, 2021
13.16.2.1. By Type
13.16.2.2. By Application
13.17. New Zealand
13.17.1. Pricing Analysis
13.17.2. Market Share Analysis, 2021
13.17.2.1. By Type
13.17.2.2. By Application
13.18. Gulf Cooperation Council Countries
13.18.1. Pricing Analysis
13.18.2. Market Share Analysis, 2021
13.18.2.1. By Type
13.18.2.2. By Application
13.19. South Africa
13.19.1. Pricing Analysis
13.19.2. Market Share Analysis, 2021
13.19.2.1. By Type
13.19.2.2. By Application
13.20. Israel
13.20.1. Pricing Analysis
13.20.2. Market Share Analysis, 2021
13.20.2.1. By Type
13.20.2.2. By Application
14. Market Structure Analysis
14.1. Competition Dashboard
14.2. Competition Benchmarking
14.3. Market Share Analysis of Top Players
14.3.1. By Regional
14.3.2. By Type
14.3.3. By Application
15. Competition Analysis
15.1. Competition Deep Dive
15.1.1. STMicroelectronics N.V.
15.1.1.1. Overview
15.1.1.2. Product Portfolio
15.1.1.3. Profitability by Market Segments
15.1.1.4. Sales Footprint
15.1.1.5. Strategy Overview
15.1.1.5.1. Marketing Strategy
15.1.1.5.2. Product Strategy
15.1.1.5.3. Channel Strategy
15.1.2. InvenSense Inc.
15.1.2.1. Overview
15.1.2.2. Product Portfolio
15.1.2.3. Profitability by Market Segments
15.1.2.4. Sales Footprint
15.1.2.5. Strategy Overview
15.1.2.5.1. Marketing Strategy
15.1.2.5.2. Product Strategy
15.1.2.5.3. Channel Strategy
15.1.3. Robert Bosch GmbH
15.1.3.1. Overview
15.1.3.2. Product Portfolio
15.1.3.3. Profitability by Market Segments
15.1.3.4. Sales Footprint
15.1.3.5. Strategy Overview
15.1.3.5.1. Marketing Strategy
15.1.3.5.2. Product Strategy
15.1.3.5.3. Channel Strategy
15.1.4. Analog Devices, Inc.
15.1.4.1. Overview
15.1.4.2. Product Portfolio
15.1.4.3. Profitability by Market Segments
15.1.4.4. Sales Footprint
15.1.4.5. Strategy Overview
15.1.4.5.1. Marketing Strategy
15.1.4.5.2. Product Strategy
15.1.4.5.3. Channel Strategy
15.1.5. Murata Manufacturing Co., Ltd.
15.1.5.1. Overview
15.1.5.2. Product Portfolio
15.1.5.3. Profitability by Market Segments
15.1.5.4. Sales Footprint
15.1.5.5. Strategy Overview
15.1.5.5.1. Marketing Strategy
15.1.5.5.2. Product Strategy
15.1.5.5.3. Channel Strategy
15.1.6. Kionix Inc.
15.1.6.1. Overview
15.1.6.2. Product Portfolio
15.1.6.3. Profitability by Market Segments
15.1.6.4. Sales Footprint
15.1.6.5. Strategy Overview
15.1.6.5.1. Marketing Strategy
15.1.6.5.2. Product Strategy
15.1.6.5.3. Channel Strategy
15.1.7. Infineon Technologies AG
15.1.7.1. Overview
15.1.7.2. Product Portfolio
15.1.7.3. Profitability by Market Segments
15.1.7.4. Sales Footprint
15.1.7.5. Strategy Overview
15.1.7.5.1. Marketing Strategy
15.1.7.5.2. Product Strategy
15.1.7.5.3. Channel Strategy
15.1.8. NXP Semiconductors NV
15.1.8.1. Overview
15.1.8.2. Product Portfolio
15.1.8.3. Profitability by Market Segments
15.1.8.4. Sales Footprint
15.1.8.5. Strategy Overview
15.1.8.5.1. Marketing Strategy
15.1.8.5.2. Product Strategy
15.1.8.5.3. Channel Strategy
15.1.9. Panasonic Corporation
15.1.9.1. Overview
15.1.9.2. Product Portfolio
15.1.9.3. Profitability by Market Segments
15.1.9.4. Sales Footprint
15.1.9.5. Strategy Overview
15.1.9.5.1. Marketing Strategy
15.1.9.5.2. Product Strategy
15.1.9.5.3. Channel Strategy
15.1.10. Omron Corporation
15.1.10.1. Overview
15.1.10.2. Product Portfolio
15.1.10.3. Profitability by Market Segments
15.1.10.4. Sales Footprint
15.1.10.5. Strategy Overview
15.1.10.5.1. Marketing Strategy
15.1.10.5.2. Product Strategy
15.1.10.5.3. Channel Strategy
15.1.11. TE Connectivity
15.1.11.1. Overview
15.1.11.2. Product Portfolio
15.1.11.3. Profitability by Market Segments
15.1.11.4. Sales Footprint
15.1.11.5. Strategy Overview
15.1.11.5.1. Marketing Strategy
15.1.11.5.2. Product Strategy
15.1.11.5.3. Channel Strategy
16. Assumptions & Acronyms Used
17. Research Methodology
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MEMS Sensor Market
