MEMS Sensor Market Prophesied to Grow at a Faster Pace by 2030
Verfasser: ashwani_kailiya on Tuesday, 27 October 2020The global MEMS sensors market is estimated to rise at an exponential 18% CAGR between assessment years from 2020 to 2027. The ongoing coronavirus outbreak has restricted demand for MEMS sensors in the short-term. Suspension or restricted activity in the automotive and consumer goods sector during the crisis has hurt demand. On the other hand, potential for MEMS sensors in healthcare and covid-19 diagnosis applications will provide niche growth opportunities.
"MEMS sensors are compatible to on-chip integration. Furthermore, these sensors can also be manufactured at a mass scale, at low cost while maintaining performance and reliability standards. These factors will remain crucial in growth of the industry through the projection period," says the Fact.MR analyst.
Request a report sample to gain more market insights at: https://www.factmr.com/connectus/sample?flag=S&rep_id=4528
MEMS Sensors Market - Important Takeaways
Collision avoidance applications in automotive platforms contribute significantly to revenue with ADAS systems going mainstream.
Optical MEMS sensors account for a large market share on the back of growing applications in consumer goods sector.
Asia Pacific is a major market for MEMS sensors with presence of leading market players in China and India.
MEMS Sensors Market - Driving Factors