MEMS Combo Sensors Market Size Worth $5.2 Billion By 2030: IndustryARC

The Global MEMS Combo Sensors Market size is predicted to reach $5.2 billion by 2030, growing at a CAGR of 11.6% during the forecast period 2024-2030 according to the latest market research report published by IndustryARC. The surging demand for MEMS combo sensors in IoT applications such as smart homes, industrial automation, and healthcare monitoring are poised to propel the market growth, finds IndustryARC in its recent report, titled “MEMS Combo Sensors Market Size, Share & Trends Analysis Report 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 Region and Segment Forecasts, 2024–2030”.

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North America to Register Highest Growth:

MEMS Combo Sensors Market 2024-2030: Scope of the report

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MEMS Combo Sensors Market Report – Key Takeaways:

Increasing adoption of consumer electronics driving the market

The widespread use of consumer electronics devices such as smartphones, tablets, wearables, and gaming consoles is a significant driver for the MEMS combo sensors market. These devices require integrated sensor functionalities for features like motion sensing, orientation detection, and environmental sensing. In June 2022, Renesas Electronic Corporation announced the ZSSC3281 sensor signal conditioning IC for highly accurate amplification, digitization and sensor-specific correction of sensor data in addition to the new HS4XXX family of relative humidity and temperature sensors.

Burgeoning opportunities in emerging applications

MEMS combo sensors are finding new applications in areas such as virtual reality, augmented reality, and drones. In both VR, AR, and drone applications, MEMS combo sensors are crucial for capturing real-time motion and orientation data with high accuracy, enabling seamless and responsive interactions between the user and the virtual or physical environment. In June 2023, Apple finally unveiled its augmented reality headset, which will start at a whopping $3,499 when it goes on sale early next year. Such innovations further positively influences the MEMS Combo Sensors market outlook.

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Key Opportunity Analysis:

Growing demand for automotive applications

MEMS combo sensors play a vital role in automotive applications, including advanced driver assistance systems, inertial measurement units, adaptive cruise control, lane departure warning, collision avoidance and electronic stability control. As the automotive industry continues to incorporate more advanced features and autonomous functionalities, the demand for MEMS combo sensors is expected to rise. In January 2023, ZF Friedrichshafen AG launched Smart Camera 4.8. It enables autonomous cars to have a wider field of view, in turn enabling the vehicle to identify pedestrians, cyclists, and other vehicles.

IoT and connected devices creates opportunity for market growth

The Internet of Things (IoT) ecosystem is expanding rapidly, with an increasing number of connected devices. MEMS combo sensors are crucial for IoT applications such as smart homes, industrial automation, and healthcare monitoring. As IoT continues to grow, the demand for MEMS combo sensors is likely to increase. In February 2021, Bosch Mobility Solutions and Microsoft joined up to develop a “software-defined vehicle” with higher digitalization, connectivity, automation, and cybersecurity.

Technological advancements in sensors

Advancements in MEMS combo sensors, such as higher accuracy, sensitivity, and resolution, enable more precise measurements and better overall sensor performance. It is particularly important in applications that require high reliability and accuracy, such as navigation systems and healthcare devices such as microneedle devices for brain activity evaluation, a transdermal drug delivery system, biological fluid sampling, and miniaturised MEMS sensors for monitoring the conditions inside blood vessels and respiratory organs. In January 2022, Infineon (Germany) introduced new CO2 sensors, XENSIV PAS CO2 sensor, which provides an innovative solution for the growing demand for accurate indoor air quality.

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The Report also Covers the Following Areas:

MEMS Combo Sensors Market Size and Forecast

MEMS Combo Sensors Market Trends

MEMS Combo Sensors Market Analysis by Product Type

MEMS Combo Sensors Market 2024-2030: Key Highlights

CAGR of the market during the forecast period 2024-2030

Value Chain analysis of key stake holders

Detailed analysis of market drivers and opportunities during the forecast period

MEMS Combo Sensors Market size estimation and forecast

Analysis and predictions on end users’ behavior and upcoming trends

Competitive landscape and Vendor market analysis including offerings, developments, and financials

Comprehensive analysis of challenges and constraints in the MEMS Combo Sensors Market

Covid and Ukrainian Crisis Impact:

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.

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List of Key Market Players in MEMS Combo Sensors Market:

The Global MEMS Combo Sensors Market is fragmented with several global and regional companies operating with expansive manufacturing capabilities and extensive distribution networks. The key companies profiled are listed below:

1. STMicroelectronics N.V.
2. Bosch Sensortec GmbH
3. Analog Devices, Inc.
4. TE Connectivity
5. Murata Manufacturing Co., Ltd.
6. InvenSense Inc.
7. Honeywell International, Inc.
8. Panasonic Corporation
9. KIONIX, Inc.
10. MEMSIC Semiconductor Co., Ltd.

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