The global MEMS sensor market size is estimated to reach USD 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 USD 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) | USD 41.1 million |
| Projected Market Valuation (2032F) | USD 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 USD 12.9 million by 2032. It is predicted to create an absolute dollar growth of USD 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 USD 2.1 million by 2032. It is likely to create an absolute dollar growth of USD 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 USD 20.7 million by 2032. It is likely to create an absolute dollar growth of USD 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:
In August 2022, STMicroelectronics introduced the third iteration of its MEMS sensors. These sensors rely on MEMS technology to provide robust and compact motion sensing capabilities. The company's environmental sensors have been instrumental in enabling context-aware features in modern smartphones and wearables.
In April 2022, the BMP581, a brand-new capacitive barometric pressure sensor, was unveiled by Bosch Sensortec. The energy-efficient sensor is intended to provide location data and measure altitude accurately for a variety of applications.
| Attribute | Details |
|---|---|
| Estimated Market Size (2022) | USD 41.1 million |
| Projected Market Valuation (2032) | USD 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 (USD million) |
| Key Regions Covered | North America; Latin America; Europe; East Asia; South Asia; Middle East & Africa |
| Key Countries Covered | USA, Canada, Brazil, Mexico, Germany, United Kingdom, France, Italy, Spain, Nordic, Russia, Poland, China, India, Thailand, Indonesia, Australia and New Zealand, Japan, Gulf Cooperation Council Countries, North Africa, South Africa, Others |
| Key Segments Covered | Type, Application, Region |
| Key Companies Profiled | STMicroelectronics N.V.; InvenSense Inc.; Robert Bosch GmbH; Analog Devices, Inc.; Murata Manufacturing Co., Ltd.; Kionix Inc.; Infineon Technologies AG; NXP Semiconductors NV; Panasonic Corporation; Omron Corporation; TE Connectivity |
| Report Coverage | Market Forecast, Company Share Analysis, Competitive Landscape, Market Dynamics and Challenges, Strategic Growth Initiatives |
The market is estimated to achieve USD 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 2. Market Overview 3. Market Background 4. Global Market Analysis 2017 to 2021 and Forecast, 2022 to 2032 5. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Type 5.1. Inertial Sensor 5.2. Pressure Sensor 5.3. Optical Sensor 5.4. Environment Sensor 5.5. Ultrasonic Sensor 6. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Application 6.1. Consumer Electronics 6.2. Automotive 6.3. Industrial 6.4. Aerospace & Defense 6.5. Healthcare 6.6. Telecommunication 6.7. Others 7. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Region 7.1. North America 7.2. Latin America 7.3. Europe 7.4. Asia Pacific 7.5. Middle East and Africa 8. North America Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 9. Latin America Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 10. Europe Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 11. Asia Pacific Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 12. Middle East and Africa Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 13. Key Countries Market Analysis 14. Market Structure Analysis 15. Competition Analysis 15.1. STMicroelectronics N.V. 15.2. InvenSense Inc. 15.3. Robert Bosch GmbH 15.4. Analog Devices, Inc. 15.5. Murata Manufacturing Co., Ltd. 15.6. Kionix Inc. 15.7. Infineon Technologies AG 15.8. NXP Semiconductors NV 15.9. Panasonic Corporation 15.10. Omron Corporation 15.11. TE Connectivity 16. Assumptions & Acronyms Used 17. Research Methodology
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MEMS Sensor Market
