Global MEMS Inertial Sensor Market 2015-2019
About MEMS Inertial Sensors
MEMS inertial sensors are devices that detect and measure tilt, shock, rotation, vibration or any other types of motion. These sensors are mainly of three types, namely accelerometers, gyroscopes and magnetometers. Inertial sensors were earlier used in aerospace and military navigation, but due to the introduction of MEMS technology, the sensors are now used in segments, like automotive, consumer, medical, industrial and communications. The MEMS technology has helped to reduce the size of the sensors making it cost effective and efficient, and compatible at the same time. The MEMS inertial sensors market is witnessing a rapid growth with technological advancements, such as sensor fusion, in which two or three sensors are combined together to form one sensor.
Technavio predicts that the global MEMS inertial sensors market to grow at a CAGR of 14 percent over the period 2014-2019.
Covered in this Report
This report covers the present scenario and growth prospects of the global MEMS inertial sensors market during 2015-2019. To calculate the market size, the report considers revenue generated from the consumer and automotive segment for the MEMS inertial sensors market. This report also covers the market segmentation by application, which includes smartphones, tablets, gaming, wearables and other consumer electronics. The report is based on an in-depth market analysis, with inputs from industry experts. It also discusses the key vendors operating in this market.Key Regions
Technavio Announces the Publication of its Research Report – Global MEMS Inertial Sensors Market 2015-2019
Technavio recognizes the following companies as the key players in the Global MEMS Inertial Sensors Market: Ashai kasei Microdevices Corp., Robert Bosch GmbH, InvenSense Inc. and STMicroelectronics N. V.
Other Prominent Vendors in the market are: Alps Electric Co. Ltd., Analog Devices Inc., Freescale Semiconductor Ltd., Kionix Inc., Memsic Inc. and Texas Instruments Inc.
Commenting on the report, an analyst from Technavio’s team said: “The size of the sensors used to be an issue and made it difficult to integrate them in various devices. But, with the rise in miniaturization, MEMS inertial sensors can now be used in all kinds of devices irrespective of size. Miniaturization also helps increase efficiency and reduces power consumption. The fusion of sensors also leads to a reduction in price. This trend has led to an increase in the growth rate of combo sensors, which is expected to grow during the forecast period.”
According to the report, consumers of all ages are shifting from simple products to multipurpose wearable gadgets to better serve their changing lifestyles. For example, wristwatches are being replaced with smartwatches. The healthcare segment will contribute significantly to the greater use of wearables. These devices help monitor health issues such as diabetes, blood pressure, and heart rate. Companies like Fitbit, Xiaomi, and Google are leading the market.
Further, the report states that the market is facing some challenges, which can hamper growth. For instance, manufacturers face issues related to accuracy and calibration when manufacturing combo sensors.
Ashai kasei Microdevices Corp., Robert Bosch GmbH, InvenSense Inc., STMicroelectronics N. V., Alps Electric Co. Ltd., Analog Devices Inc., Freescale Semiconductor Ltd., Kionix Inc., Memsic Inc., Texas Instruments Inc.