logo

MEMS Combo Sensors Market Size (2024 - 2029)

The MEMS combo sensors market is experiencing significant growth, driven by the increasing adoption of advanced driver assistance systems in the automotive sector and the rising demand for connected wearable devices. The shift towards autonomous vehicles and the expansion of the consumer electronics and IoT markets are further contributing to the market's expansion. Additionally, the COVID-19 pandemic has accelerated technological advancements and reshaped global supply chains, emphasizing the need for localized production to mitigate future risks. These factors collectively influence the market size and share of MEMS combo sensors during the forecast period.

Home Market Analysis Technology, Media and Telecom Research Automation Research Industrial Automation Research Sensors and Actuators Research MEMS Combo Interaction Sensor Industry Market Size

Market Size of MEMS Combo Sensors Industry

mems combo sensors market CAGR
Study Period 2019 - 2029
Base Year For Estimation 2023
CAGR 11.50 %
Fastest Growing Market Asia Pacific
Largest Market North America
Market Concentration High

Major Players

rd-img

*Disclaimer: Major Players sorted in no particular order

MEMS Combo Sensors Market Analysis

The global MEMS combo sensors market is projected to grow at a CAGR of 11.5% during the forecast period. The global automotive industry is moving towards a significant market shift and adopting ADAS-enabled vehicles, which is expected to drive the demand for such sensors.

  • The global demand for connected wearable devices is significantly increased owing to the rising popularity of connected devices. According to CISCO Systems, the global number of connected wearable devices stood at 593 million during fiscal 2018 and is expected to reach 1105 million by 2022. Thus, increasing the adoption of wearable devices is expected to contribute to market growth throughout the study period.
  • The automotive industry is moving towards a technological shift and is on the verge of adopting autonomous vehicles. Advanced Driver Assistance Systems are increasingly becoming intuitive. According to Goldman Sachs, the ADAS/AV market is expected to be USD 96 billion by 2025. This, in turn, is anticipated to bolster the demand for the MEMS combo sensors.
  • The growing global consumer electronics market and IoT devices are expected to positively influence the demand for the MEMS combo sensors market. According to GFU, the expenditure on consumer electronics products worldwide stood at 31.2 billion euros in 2021, an increase of 2.5% compared to 2020.
  • The MEMS combo sensors in the chip industry have witnessed immense growth as technology companies globally accelerated innovation in the fight against the COVID-19 pandemic. The need for tiny devices is behind advances in the areas of electronics. Alongside introducing new products, vendors are navigating more ways of technological advancement to address the evolving demand. However, since the COVID-19 pandemic impacted multiple global markets, the automotive, mobility, and civil aviation industries have suffered drastically yet differently.
  • Moreover, the pandemic has changed the perception of the global supply chain in manufacturing, where more localized value chains and regionalization have come into the picture. These are primarily done to minimize similar future risks posed by the pandemic.

MEMS Combo Sensors Industry Segmentation

MEMS combo sensors incorporate various sensing functions into a single device. Micromanufacturing technologies are used to create these sensors. These sensors integrate two or multiple sensors into a single device, including accelerometers, gyroscopes, pressure sensors, magnetometers, and compasses. The MEMS Combo Sensors Market is segmented by Type (Movement Combo Sensor, Environment Combo Sensor, Optical Combo Sensor, Other Sensor Type), End User (Aerospace and Defense, Automotive, Consumer Electronics, Water and Wastewater Management, Oil and Gas, Food and Beverage, Other End-User), and Geography (North America, Europe, Asia Pacific, Rest of the World)

By Type
Movement Combo Sensor
Environment Combo Sensor
Optical Combo Sensor
Other Sensor Type
By End User
Aerospace & Defense
Automotive
Consumer Electronics
Water and Wastewater Management
Oil and Gas
Food and Beverage
Other End Users
Geography
North America
Europe
Asia-Pacific
Rest of the World
Need A Different Region Or Segment?
Customize Now

MEMS Combo Sensors Market Size Summary

The MEMS combo sensors market is experiencing robust growth, driven by the increasing adoption of advanced technologies across various sectors. The automotive industry is a significant contributor to this growth, with the shift towards ADAS-enabled and autonomous vehicles boosting the demand for these sensors. Additionally, the rise in connected wearable devices and IoT applications is further propelling market expansion. The consumer electronics sector, particularly the demand for miniaturized devices, is also a key factor influencing the market's trajectory. The COVID-19 pandemic has accelerated innovation in the chip industry, highlighting the importance of small, efficient devices, which has positively impacted the MEMS combo sensors market.

North America is poised to be a major player in the MEMS combo sensors market, supported by its strong focus on technological advancements and significant investments in research and development. The region's active adoption of smart electronic devices and IoT solutions, coupled with the growing automotive and aerospace industries, underscores its pivotal role in the market. Government initiatives to promote electric vehicles and stringent safety regulations are further driving market growth in this region. The industry is characterized by consolidation, with key players investing in diverse product portfolios and innovation to maintain a competitive edge.

Explore More

MEMS Combo Sensors Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Market Overview

    2. 1.2 Market Drivers

      1. 1.2.1 Increasing Demand for Handheld & Wearable Devices

      2. 1.2.2 Adoption of ADAS and Self Driving Solutions in Automotive Industry

      3. 1.2.3 Growth in Interactive Gaming

    3. 1.3 Market Restraints

      1. 1.3.1 Increase in Overall Cost of MEMS

    4. 1.4 Industry Attractiveness - Porter's Five Forces Analysis

      1. 1.4.1 Bargaining Power of Suppliers

      2. 1.4.2 Bargaining Power of Buyers

      3. 1.4.3 Threat of New Entrants

      4. 1.4.4 Threat of Substitute Products

      5. 1.4.5 Intensity of Competitive Rivalry

    5. 1.5 Technology Snapshot

  2. 2. MARKET SEGMENTATION

    1. 2.1 By Type

      1. 2.1.1 Movement Combo Sensor

      2. 2.1.2 Environment Combo Sensor

      3. 2.1.3 Optical Combo Sensor

      4. 2.1.4 Other Sensor Type

    2. 2.2 By End User

      1. 2.2.1 Aerospace & Defense

      2. 2.2.2 Automotive

      3. 2.2.3 Consumer Electronics

      4. 2.2.4 Water and Wastewater Management

      5. 2.2.5 Oil and Gas

      6. 2.2.6 Food and Beverage

      7. 2.2.7 Other End Users

    3. 2.3 Geography

      1. 2.3.1 North America

      2. 2.3.2 Europe

      3. 2.3.3 Asia-Pacific

      4. 2.3.4 Rest of the World

MEMS Combo Sensors Market Size FAQs

The MEMS Combo Sensors Market is projected to register a CAGR of 11.5% during the forecast period (2024-2029)

Honeywell International, Inc., Bosch Sensortec GmbH, Analog Devices, Inc., Murata Manufacturing Co., Ltd. and InvenSense, Inc. are the major companies operating in the MEMS Combo Sensors Market.

MEMS Combo Sensors Market Report Snapshots

MEMS Combo Sensors Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)