Micro-electro-mechanical systems (MEMS) technology is used in the fabrication of inertial sensors, and particularly accelerometers. MEMS accelerometers are used in diverse markets that implement the digital economy. The reason for their success is low price, small size, high reliability, and low power consumption.
MEMS accelerometers are replacing traditional electro-mechanical accelerometers because they offer tactical grade performance. They povide the functionality required to measure motion in three-dimensional space. Digital signal processors calibrates the sensors during runtime. They intelligently convert raw sensor data from multiple sensors. The output from MEMs sensors creates application-specific data.
Request A Sample Copy Of This Report @: https://www.radiantinsights.com/research/micro-electro-mechanical-systems-mems-sensors-market/request-sample
The total value of the MEMs sensor market is $12.5 billion in 2017, up from $10.35 billion in 2016. Markets grow to $58.7 billion in 2024. Growth is a result of the implementation of the digital economy, IoT, robots, drones, self-driving cars, and artificial intelligence. The digital economy rides on the back of MEMs sensors. This is the new world aspect, everything is monitored and activated digitally.
MEMs organic volume growth has been relatively slow as existing motion sensor and traditional end-product markets achieve market saturation. There are new and growing opportunities, including the newer IoT applications that are in the early adopter phase. IoT sensors have yet to gain significant market traction but they will, once units are proven in real life situations of the digital economy, self-driving cars, drones, traffic lights, and smart things.
“MEMS suppliers have a focus on sensor improvement. Power and performance are being improved.”
“Everything will be connected,” said SoftBank Chief Executive Masayoshi Son, announcing a ARM processor deal in London. “Cows will be connected, chickens will be connected, the sheep will be connected.”
As a significant market does take root, MEMs sensors face the challenge of generating profit above costs. The companies keep prices low to buy customers and spur demand. MEMs vendors seek to be in businesses where there are millions and billions of units.
Companies Profiled
Market Leaders:
• Bosch
• Broadcom
• Texas Instruments
• STMicroelectronics
• Qorvo
• Hewlett Packard
• Knowles Electronics
• Denso
• TDK / InvenSense
• Qualcom
• Panasonic
Market Participants:
• Block Engineering
• Cymbet
• Infineon
• JonDeTech
• NaugaNeedles
• Rogue Valley Microdevices
• Senseair Test & Measurement Carbon Dioxide Sensors
• Softbank
• Structured Materials Industries
• Taiwan Semiconductor
• Thorlabs
• Vectornav
Key Topics:
• MEMs Sensors
• Micro-electro-mechanical systems
• Digital economy
• IoT
• Internet of Things
• Digital monitoring
• Digital triggering activation
• Smart devices
• Smart cities
• Smart drones
• Smart agriculture
• Self-driving cars
Browse Full Research Report With TOC @: https://www.radiantinsights.com/research/micro-electro-mechanical-systems-mems-sensors-market
About Radiant Insights,Inc
Radiant Insights is a platform for companies looking to meet their market research and business intelligence requirements. We assist and facilitate organizations and individuals procure market research reports, helping them in the decision making process. We have a comprehensive collection of reports, covering over 40 key industries and a host of micro markets. In addition to over extensive database of reports, our experienced research coordinators also offer a host of ancillary services such as, research partnerships/ tie-ups and customized research solutions.
Contact Details:
Michelle Thoras
Corporate Sales Specialist, USA
Radiant Insights, Inc
Phone: 1-415-349-0054
Toll Free: 1-888-202-9519
Email: sales@radiantinsights.com
No comments:
Post a Comment