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MEMS Combo Sensors Market – By Type (Environment Combo Sensor, Movement Combo Sensor, Optical Combo Sensor, Others), By Application (Accelerometers, Gyroscopes, Magnetometers, Barometers, Thermometers, Others), By Measuring Units (3-axis IMUs, 6-axis IMUs, 7-axis IMUs, 9-axis IMUs, Others), By Sensing Parameters (Acceleration, Temperature, Pressure, Others), By End User(Automotive, Consumer Electronics, Healthcare, Industrial, Aerospace and Defence, Others), By Geography - Global Opportunity Analysis & Industry Forecast, 2024-2030
MEMS Combo Sensors Market Overview:
MEMS Combo Sensors Market size is estimated to reach $5.2 billion by 2030, growing at a CAGR of 11.6% during the forecast period 2024-2030. Increasing demand for automobiles and consumer electronics, rising popularity of connected wearable devices due to the increase in smartphone users globally are propelling the MEMS Combo Sensors Market growth.
Additionally, the significant investments by private manufacturers in 5G technologies for mobile phone users are creating substantial growth opportunities for the MEMS Combo Sensors Market. For instance, Swedish telecom gear maker Ericsson is expecting fifth-generation (5G) mobile subscriptions in India to grow to 500 million by the end of 2027, accounting for 40% of the country's mobile phone user base. Simultaneously, the changing lifestyle of the consumers for smart home technology and health monitoring devices to enhance their lifestyle are some of the major MEMS Combo Sensors Market opportunities. These factors positively influence the MEMS Combo Sensors Market outlook during the forecast period.
Market Snapshot:
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MEMS Combo Sensors Market - Report Coverage:
The “MEMS Combo Sensors Market Report - Forecast (2024-2030)” by IndustryARC, covers an in-depth analysis of the following segments in the MEMS Combo Sensors Market.
COVID-19 / Ukraine Crisis - Impact Analysis:
Though several industries, such as automotive and consumer electronics, experienced a decline in demand during the pandemic due to economic uncertainties and lockdown measures, the pandemic has highlighted the importance of remote patient monitoring and telemedicine. MEMS combo sensors play a crucial role in wearable devices used for monitoring vital signs, tracking patient movement, and collecting health data. Contactless interfaces have become increasingly popular to reduce the spread of germs and promote touchless interactions. MEMS combo sensors, such as proximity sensors and gesture recognition sensors, are being utilised in various applications like smartphones, tablets, smart home devices, and automotive systems to enable touchless user interfaces.
Ukraine is home to several electronics and semiconductor manufacturing facilities. The war disrupted the supply chain, causing delays or interruptions in the production and distribution of MEMS combo sensors. This disruption led to shortages and increased prices for these sensors on the market. Geopolitical tensions impacted international trade relationships and created uncertainties in the global market. Companies operating in the MEMS combo sensor market are facing challenges related to export and import regulations, customs procedures, and trade restrictions, which could hinder the smooth flow of products across borders.
Key Takeaways:
Automotive industry growth is the major driver for market growth
The automotive industry is experiencing growth globally, driven by factors such as increasing population, urbanization, and improving economic conditions. With the increasing demand for autonomous driving technologies and in-vehicle navigation systems, the need for MEMS combo sensors for accurate motion tracking, orientation sensing, and environmental monitoring is growing. Between April 2022 and March 2023, Toyota sold just under 2.1 million vehicles to customers in Japan. Toyota's global retail vehicle sales came to nearly 10.5 million vehicles between January and December 2022, including sales from its Lexus brand.
Increasing popularity of handheld devices for gaming
MEMS combo sensors, like accelerometers and gyroscopes, enable motion sensing and gesture control in handheld gaming devices. Gamers can control the gameplay by tilting, rotating, or shaking their devices, adding an immersive and interactive element to the gaming experience. Also, in AR and VR gaming experiences on handheld devices, they enable precise tracking of device orientation and movement, allowing gamers to interact with virtual objects and environments seamlessly. In September 2022, Nintendo launched the Nintendo Switch Lite handheld gaming console with an MSRP of US$199.99.
Design complexity and integration is a challenge
Integrating multiple sensors into a single package requires careful design and integration considerations. Challenges such as size constraints, power management, data synchronization, and compatibility with host systems can arise during the integration process. Proper system integration and coordination are essential to ensure optimal performance and reliability. This factor impedes the MEMS Combo Sensors market growth.
Key Market Players:
Product/Service launches, approvals, patents and events, acquisitions, partnerships and collaborations are key strategies adopted by players in the MEMS Combo Sensors Market. The top 10 companies in this industry are listed below:
- STMicroelectronics N.V.
- Bosch Sensortec GmbH
- Analog Devices, Inc.
- TE Connectivity
- Murata Manufacturing Co., Ltd.
- InvenSense Inc.
- Honeywell International, Inc.
- Panasonic Corporation
- KIONIX, Inc.
- MEMSIC Semiconductor Co., Ltd.
Scope of Report:
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1. MEMS Combo Sensors Market - Overview
1.1. Definitions and Scope1
2. MEMS Combo Sensors Market - Executive Summary
3. MEMS Combo Sensors Market - Comparative Analysis
3.1. Company Benchmarking - Key Companies
3.2. Global Financial Analysis - Key Companies
3.3. Market Share Analysis - Key Companies
3.4. Patent Analysis
3.5. Pricing Analysis
4. MEMS Combo Sensors Market - Start-up Companies Scenario (Premium)
4.1. Key Start-up Company Analysis by
4.1.1. Investment
4.1.2. Revenue
4.1.3. Venture Capital and Funding Scenario
5. MEMS Combo Sensors Market – Market Entry Scenario Premium (Premium)
5.1. Regulatory Framework Overview
5.2. New Business and Ease of Doing Business Index
5.3. Case Studies of Successful Ventures
6. MEMS Combo Sensors Market - Forces
6.1. Market Drivers
6.2. Market Constraints
6.3. Market Challenges
6.4. Porter's Five Force Model
6.4.1. Bargaining Power of Suppliers
6.4.2. Bargaining Powers of Customers
6.4.3. Threat of New Entrants
6.4.4. Rivalry Among Existing Players
6.4.5. Threat of Substitutes
7. MEMS Combo Sensors Market – Strategic Analysis
7.1. Value Chain Analysis
7.2. Opportunities Analysis
7.3. Market Life Cycle
8. MEMS Combo Sensors Market – By Type (Market Size – $Million/$Billion)
8.1. Environment Combo Sensor
8.2. Movement Combo Sensor
8.3. Optical Combo Sensor
8.4. Others
9. MEMS Combo Sensors Market – By Application (Market Size – $Million/$Billion)
9.1. Accelerometers
9.2. Gyroscopes
9.3. Magnetometers
9.4. Barometers
9.5. Thermometers
9.6. Others
10. MEMS Combo Sensors Market – By Measurement Units (Market Size – $Million/$Billion)
10.1. 3-axis IMUs
10.2. 6-axis IMUs
10.3. 7-axis IMUs
10.4. 9-axis IMUs
10.5. Others
11. MEMS Combo Sensors Market – By Sensing Parameters (Market Size – $Million/$Billion)
11.1. Acceleration
11.2. Temperature
11.3. Pressure
11.4. Others
12. MEMS Combo Sensors Market – By End User (Market Size – $Million/$Billion)
12.1. Automotive
12.2. Consumer Electronics
12.3. Healthcare
12.4. Industrial
12.5. Aerospace and Defence
12.6. Others
13. MEMS Combo Sensors Market – by Geography (Market Size – $Million/$Billion)
13.1. North America
13.1.1. The U.S.
13.1.2. Canada
13.1.3. Mexico
13.2. Europe
13.2.1. UK
13.2.2. Germany
13.2.3. France
13.2.4. Italy
13.2.5. Spain
13.2.6. Russia
13.2.7. Rest of Europe
13.3. Asia-Pacific
13.3.1. China
13.3.2. India
13.3.3. Japan
13.3.4. South Korea
13.3.5. Australia & New Zealand
13.3.6. Rest of Asia-Pacific
13.4. South America
13.4.1. Brazil
13.4.2. Argentina
13.4.3. Chile
13.4.4. Colombia
13.4.5. Rest of South America
13.5. Rest of the World
13.5.1. Middle East
13.5.2. Africa
14. MEMS Combo Sensors Market – Entropy
15. MEMS Combo Sensors Market – Industry/Segment Competition Landscape Premium
15.1. Market Share Analysis
15.1.1. Market Share by Product Type – Key Companies
15.1.2. Market Share by Region – Key Companies
15.1.3. Market Share by Country – Key Companies
15.2. Competition Matrix
15.3. Best Practices for Companies
16. MEMS Combo Sensors Market – Key Company List by Country Premium Premium
17. MEMS Combo Sensors Market - Company Analysis
17.1. STMicroelectronics N.V.
17.2. Bosch Sensortec GmbH
17.3. Analog Devices, Inc.
17.4. TE Connectivity
17.5. Murata Manufacturing Co., Ltd.
17.6. InvenSense Inc.
17.7. Honeywell International, Inc.
17.8. Panasonic Corporation
17.9. KIONIX, Inc.
17.10. MEMSIC Semiconductor Co., Ltd.
· "Financials to the Private Companies would be provided on best-effort basis."
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The MEMS Combo Sensors Market is projected to grow at 11.6% CAGR during the forecast period 2024-2030.
Global MEMS Combo Sensors Market size is estimated to be $2.4 billion in 2023 and is projected to reach $5.2 billion by 2030\\r\\n
The leading players in the MEMS Combo Sensors Market are STMicroelectronics N.V., Bosch Sensortec GmbH, Analog Devices, Inc., TE Connectivity, Murata Manufacturing Co., Ltd. and others.\\r\\n
Growing demand for advanced driver assistance systems (ADAS) and autonomous vehicles, increasing adoption of smart devices are some of the major MEMS Combo Sensors Market trends in the industry which will create growth opportunities for the market during the forecast period.\\r\\n
Increasing demand for automobiles and consumer electronics, rising popularity of connected wearable devices are the driving factors of the market. Technological advancements in sensors and 5G-enabled devices to support advanced features like augmented reality, virtual reality are the opportunities for the market growth.\\r\\n