Global Micro-Electro-Mechanical Systems (MEMs) Sensors Market Advances to Gain $58.7 billion in 2024


Published on : Dec 18, 2017

Albany, New York, December 18, 2017: Micro-electro-mechanical systems (MEMS) technology has been a major boost for the fabrication of inertial sensors. Moreover, its implementation in accelerometers has further worked to motivate its demand on the global platform. To study further, Market Research Hub (MRH) has included a new report titled “Micro-Electro-Mechanical Systems (MEMs) Sensors: Market Shares, Strategies, and Forecasts, Worldwide, 2018 to 2024”, to its huge research database. This intelligent report talks about the market scenario for the forecast period until 2024, by studying a variety of influential factors.

As per report findings, the total value of the MEMs sensor market is noted to reach $12.5 billion in 2017; this value is significantly higher from $10.35 billion noted in 2016.  It is anticipated that, the market is on a steady path and might hit $58.7 billion in 2024. This evident surge is credited to the implementation of the digital economy, robots, IoT, drones, artificial intelligence and self-driving cars.

Moreover, it is known that MEMS accelerometers have been actively replacing traditional electro-mechanical accelerometers due to their tactical grade performance. Furthermore, they offer the functionality needed to measure motion across three-dimensional space. Adding onto this, the output received from MEMs sensors helps in the development of application-specific data. This research report focuses on all these aspects and imposed them in the market scenario. Starting from the executive summary to market dynamics, every information in presented in a systematic format. Readers can access information related to a number of factors including Micro-Electro mechanical sensor market shares and MEMs sensors market forecasts.

As the report proceeds, data related to MEMs sensors market driving forces is also discoursed for the benefit of the readers. Moving ahead, product description considering different product catalogue offered by leading market players is wrapped in a separate section in the report. The report mentions that, MEMs organic volume growth is analyzed to be relatively slow since existing motion sensor and traditional end-product markets attain market saturation.  On the other hand, there is fresh opportunities, comprising the newer IoT applications which are already in their early adopter stage. 

The report later targets the market leaders and participants, with an aim to evaluate their strategies as well as overall market impact. Some of the leading companies studied in the report are Bosch, Texas Instruments, Broadcom, STMicroelectronics, Hewlett Packard, Knowles Electronics, Qorvo and Denso. Moreover, few of the participants evaluated in the report are Block Engineering, Cymbet, Infineon, JonDeTech and NaugaNeedles.

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