MEMS Combo Sensors Market – By Type, By Application , By Measuring Units , By Sensing Parameters , By End User, By Geography - Global Opportunity Analysis & Industry Forecast, 2024-2030

Report Code: AIR 0513 Report Format: PDF + Excel

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.

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.
 
Attribute Segment

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

  • North America (U.S., Canada and Mexico)

  • Europe (Germany, France, UK, Italy, Spain, Russia and Rest of Europe),

  • Asia-Pacific (China, Japan, South Korea, India, Australia & New Zealand and Rest of Asia-Pacific),

  • South America (Brazil, Argentina, Chile, Colombia and Rest of South America)

  • Rest of the World (Middle East and Africa).

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.
 

MEMS Combo Sensors Market Share (%) By Region, 2023

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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:
  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.

Scope of Report: 

Report Metric Details

Base Year Considered

2023

Forecast Period

2024–2030

CAGR

11.6%

Market Size in 2030

$5.2 billion

Segments Covered

Type, Application, Measuring Units, Sensing Parameters, End User and Region

 

Geographies Covered

North America (U.S., Canada and Mexico), Europe (Germany, France, UK, Italy, Spain, Russia and Rest of Europe), Asia-Pacific (China, Japan, South Korea, India, Australia, New Zealand and Rest of Asia-Pacific), South America (Brazil, Argentina, Chile, Colombia and Rest of South America), Rest of the World (Middle East and Africa).

 

 

Key Market Players

  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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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 
    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 
    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 
    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 
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.
 
 
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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