According to the latest market study released by Technavio, the global MEMS market for mobile devices is expected to grow at a CAGR of close to 11% during the forecast period.
This press release features multimedia. View the full release here: http://www.businesswire.com/news/home/20180104005760/en/
Technavio has published a new market research report on the global MEMS market for mobile devices 2017-2021 under their hardware and semiconductor library. (Graphic: Business Wire)
This research report titled ‘Global MEMS market for mobile devices 2017-2021’ provides an in-depth analysis of the market in terms of revenue and emerging market trends. This report also includes an up to date analysis and forecasts for various market segments and all geographical regions.
Avail Technavio’s Year-End Special offer: Get 50% off on this report and all other reports covering industries like ICT; energy; food and beverage; healthcare and life sciences; automotive; industrial automation; education; and many more. Offer valid only from Dec 18 – Jan 7.
The market research analysis categorizes the global MEMS market for mobile devices into the following types of application:
- Inertial combos
- Pressure sensors
- Gyroscopes
- BAW filters
- Accelerometers
- Microphones
- Optical MEMS
Looking for more information on this market? Request a free sample report
Technavio’s sample reports are free of charge and contain multiple sections of the report including the market size and forecast, drivers, challenges, trends, and more.
The top three revenue-generating segments are discussed below:
Inertial combos
A major contribution towards the growth of the global MEMS market for mobile devices is the rising use of inertial combos in mobile devices. Mobile devices include smartphones and tablets. Advance features such as fitness tracking, navigation, gesture recognition, and emergency alarms are coming up in smartphones and tablets and this can be attributed to the advances in the MEMS inertial combo technology, software developers and hardware manufacturers. Application developers can efficiently combine the raw sensor data and process it to provide the information requested by various applications. These advancements improve the functionality of mobile devices such as smartphones and tablets, which will fuel the demand for MEMS devices during the forecast period.
According to Rohan Joy Thomas, a lead analyst at Technavio for embedded systems research, “The increase in demand for smartphones and tablets is expected to drive the growth rate of the inertial combos segment during the forecast period. With Asian countries, such as China and India, being major revenue contributors, the smartphone market is likely to grow at a CAGR of around 8% during the forecast period. This will drive the market further.”
Pressure sensors
Development of ultra-miniaturized and power-efficient MEMS pressure sensors can be attributed to the trend of miniaturization of electronic devices, which are used in all the major sectors, including consumer electronics and high-end application areas. This is expected to drive the growth of the global MEMS market for mobile devices during the forecast period.
“The adoption of MEMS pressure sensors for integration into mobile devices is increasing due to the technological advances in MEMS manufacturing. For example, when the GPS signal is lost, MEMS pressure sensors can aid the GPS in calculating the altitude and position of the device in use. This technology is expected to grow with the developments in the smartphone industry as it is gradually being adopted in this industry. Similarly, the increasing global shipments and new opportunities for MEMS pressure sensors in smartphones and tablets will contribute to the growth of the global MEMS market for mobile devices,” says Rohan.
Gyroscopes
The major contributor towards the growth of the gyroscopes segment of the global MEMS market for mobile devices is due to the rise in the demand for mobile devices, such as smartphones and tablets, and the continuous demand from consumer electronics. Motion sensors are used extensively for mobile phone applications such as GPS and gaming. A rise in the sale of mobile devices is expected to increase the adoption of gyroscopes in these devices. Adding to this, the decreasing ASP of gyroscopes is expected to further contribute to the growth of the market.
The top vendors highlighted by Technavio’s market research analysts in this report are:
- Analog Devices
- Robert Bosch
- STMicroelectronics
Browse Related Reports:
- Global Industrial Radiography Equipment Market 2017-2021
- Global Navigation Switch Market 2017-2021
- Global Speech Recognition for Consumer Electronics Market 2017-2021
About Technavio
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.
With over 500 specialized analysts, Technavio’s report library consists of more than 10,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
If you are interested in more information, please contact our media team at media@technavio.com.
View source version on businesswire.com: http://www.businesswire.com/news/home/20180104005760/en/
