The Global Market for MEMS Inertial Sensors is Projected to Reach US$5.4 Billion by 2020

Expanding Use Case Scenarios in Automotive & Communications to Drive Demand for MEMS Inertial Sensors, According to a New Report by Global Industry Analysts, Inc.

GIA launches comprehensive analysis of industry segments, trends, growth drivers, market share, size and demand forecasts on the global MEMS Inertial Sensors markets. The global market for MEMS Inertial Sensors is projected to reach US$5.4 billion by 2020, driven by the miniaturization trend and expanding application scenarios in sectors such as automotive and communications.

The all-pervasive miniaturization trend is spurring demand for next generation electronic components including MEMS inertial sensors. Compact size, high precision and affordability are key performance and characteristic benefits which are driving growth in the global MEMS inertial sensors market. Typically used widely in the automotive industry, MEMS inertial sensors are finding new applications in consumer electronics, communications, industrial, healthcare and defense sectors. Mobile and portable electronic devices such as smartphones, tablets, gaming consoles and laptops integrate MEMS inertial sensors such as accelerometers, gyroscopes and magnetometers for accurate monitoring of movements and position. In the healthcare sector, major trends such as remote patient monitoring, mHealth, and growing popularity of medical wearables are spurring demand for these sensors. Widespread integration of motion sensing technologies in motion enabled TV remote, motion lighting solutions, navigation devices, heat & smoke detectors etc. will help spur future growth in the market. In the military sector, the ability of inertial sensors to work under water makes them suitable for underwater weaponry, naval engineering, and water navigation applications.

Technological advancements and introduction of inertial combo sensors, have facilitated the use of these sensors in high-performance automotive, consumer and gaming electronics. Combo packages of inertial sensors not only facilitate sensor fusion but also enable quantification and testing of all applications. These small sized and low priced combo inertial sensors offer tough competition to discrete sensors, as a result of which discretes are expected to decline, paving way for growth of combo inertial sensors. Stringent safety regulations are fuelling the use of inertial sensors in automotive airbags, electronic stability control systems, and GPS navigation systems. Motion sensing capability of these sensors depends upon device acceleration, vibration, shock, tilt, and rotation to predict dangers, prevent accidents, and offer protection in case of shocks. The consumer electronics market is witnessing a strong demand for 6-axis and 9-axis inertial measurement units (IMUs). While 6-axis IMUs are single chips containing a 3-axis gyroscope and 3-axis accelerometer, the 9-axis IMUs represent a combination of a 3-axis gyroscope, 3-axis accelerometer, and 3-axis magnetometer in a single chip. These combination devices are designed to help consumer electronics companies in shrinking board space and reduce overall cost.

As stated by the new market research report on MEMS Inertial Sensors, the United States is the largest market, worldwide. Asia-Pacific ranks as the fastest growing market with a CAGR of 8.1% over the analysis period, led by the robust growth of the consumer electronics industry, stable automobile production trends, increasing investments in national security and military equipment, expanding manufacturing base and the ensuing rise in the deployment of automated industrial equipment and machinery.  

Major players covered in the report include Advanced Navigation, Analog Devices, Inc., Bosch Sensortec GmbH, Colibrys Ltd., Epson Electronics America, Inc., Freescale Semiconductor Inc., Honeywell Aerospace , InvenSense Inc., iXBlue SAS, Kearfott Corporation, KVH Industries, Inc., LORD Corporation MicroStrain® Sensing Systems, Moog Inc., Northrop Grumman Corporation, NovAtel, Rockwell Collins, Inc., Sagem, Sensonor AS, Silicon Sensing Systems Ltd., STMicroelectronics N.V., Systron Donner Inertial, Trimble Navigation Ltd., and VectorNav Technologies, among others.

The research report titled “MEMS Inertial Sensors: A Global Strategic Business Report” announced by Global Industry Analysts Inc., provides a comprehensive review of market trends, issues, drivers, mergers, acquisitions and other strategic industry activities of global companies. The report provides value (US$) & volume (units) market estimates and projections for all major geographic markets such as the US, Canada, Japan, Europe (France, Germany, Italy, UK, Spain, Russia and Rest of Europe), Asia-Pacific, Latin America and Rest of World. Global market for MEMS Inertial Sensors is further analyzed by the following end-use application: Automotive, Mobile Devices, Camcorders & Cameras, Gaming Consoles, and Other Applications (includes medical, industrial, laptop, and defense applications among others). 

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