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Market Overview:
The Piezoelectric MEMS Sensor Market size is estimated to reach $3.4 billion by 2030, growing at a CAGR of 5.5% during the forecast period 2024-2030, according to a recent report published by IndustryARC, titled, “Piezoelectric MEMS Sensor Market – By Energy Source (Mechanical, Electromagnetic, Thermal, Chemical, Optical), By End Use Industry (Industrial, Manufacturing & Engineering, Automotive, Healthcare, Telecom, Aerospace, Oil & Gas, Others), By End-User (Enterprise, Civilian), By Size (Bulk, Thin Film), By Device (FBARs, Oscillators, Vibration Energy Harvester, and Others), By Application (Microphone, Speaker, Camera, PMUT, Optical Phase Shifters, and Others), By Geography - Global Opportunity Analysis & Industry Forecast, 2024-2030”
Integration with IoT (Internet of Things) and Growth in wearable technology are expected to create growth opportunities in the market during forecast period.
APAC Dominated the Market in 2023:
APAC accounted for the largest share of 38% of the Piezoelectric MEMS Sensor Market in 2023 followed by Europe and North America, driven by the burgeoning adoption of smart sensing technology across diverse sectors to meet safety and efficiency imperatives. Particularly, stringent APAC region government regulations aimed at bolstering vehicle safety have spurred the utilization of piezoelectric sensors in vehicle stability systems.
Piezoelectric MEMS Sensor Market: Key Takeaways
Miniaturization and Integration:
As devices become smaller and more compact, there is a growing demand for sensors that can fit into increasingly tight spaces without compromising performance. Advances in manufacturing techniques and materials are enabling the development of smaller, yet highly efficient piezoelectric MEMS sensors. This trend is driven by the need for integration in consumer electronics, wearable devices, and medical implants, where space constraints are critical. The trend towards miniaturization also enhances the versatility and functionality of these sensors across various applications.
Enhanced Sensitivity and Multi-Functionality:
Modern sensors are being designed to offer higher precision and improved accuracy, which is essential for applications in healthcare, automotive, and industrial automation. Additionally, there is an increasing demand for sensors that can perform multiple functions simultaneously, such as combining pressure, acceleration, and force sensing in a single device. This trend reflects the industry's move towards more integrated and versatile sensor solutions that can provide more comprehensive data and support advanced applications.
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Scope of the Report:
Recent Developments:
- In April 2023, TDK Corporation (TSE 6762) unveiled its cutting-edge sensor innovations and passive components for automotive, industrial, and medical sectors at Sensor+Test and PCIM events from May 9 to 11 in Nuremberg, Germany. Featuring magnetic sensors, motor control solutions, temperature and pressure sensors, piezoelectric sensors, ultrasonic modules, and accelerometers at booth 204 in hall 1, TDK demonstrates its commitment to diverse applications.
- In June 2022, CTS Corporation has finalized its acquisition of Ferroperm Piezoceramics from Meggitt PLC for 525 million Danish Krone. Specializing in high-performance piezoceramic components for medical, industrial, and aerospace applications, Ferroperm's innovative technology and quality products have garnered recognition. With its base in Kvistgaard, Denmark, Ferroperm boasts a robust customer presence in Europe and North America.
Piezoelectric MEMS Sensor Market: Competitive Landscape
Key companies profiled in the Piezoelectric MEMS Sensor Market are APC International Ltd, Ceramtec GmbH, Physik Instrumente (PI) GmbH & Co. KG, TDK Electronics, Piezosystem Jena GmbH, CTS Corporation, Honeywell International Inc., Kistler Group, Parker Hannifin Corporation, TE Connectivity Ltd, and others.
About IndustryARC™:
IndustryARC primarily focuses on Market Research and Consulting Services specific to Cutting Edge Technologies and Newer Application segments of the market. The company’s Custom Research Services are designed to provide insights into the constant flux in the global demand-supply gap of markets.
IndustryARC’s goal is to provide the right information required by the stakeholder at the right point in time, in a format that assists an intelligent and informed decision-making process.
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