Micro-Electro-Mechanical Systems (MEMs) Sensors: Market Shares, Strategies, and Forecasts, Worldwide, 2018 to 2024
WinterGreen Research announces that it has published a new study MEMs Sensors: Market Shares, Strategy, and Forecasts, Worldwide, 2018 to 2024. The 2018 study has 312 pages, 135 tables and figures. The leading vendors in the MEMs sensor have invested in high-quality technology and processes to develop leading edge monitoring and digital triggering activation capability.
Micro-electro-mechanical systems (MEMS) technology is used in the fabrication of inertial sensors, and particularly accelerometers. MEMS accelerometers are used in diverse markets that implement the digital economy. The reason for their success is low price, small size, high reliability, and low power consumption.
MEMS accelerometers are replacing traditional electro-mechanical accelerometers because they offer tactical grade performance. They povide the functionality required to measure motion in three-dimensional space. Digital signal processors calibrates the sensors during runtime. They intelligently convert raw sensor data from multiple sensors. The output from MEMs sensors creates application-specific data.
The total value of the MEMs sensor market is $12.5 billion in 2017, up from $10.35 billion in 2016. Markets grow to $58.7 billion in 2024. Growth is a result of the implementation of the digital economy, IoT, robots, drones, self-driving cars, and artificial intelligence. The digital economy rides on the back of MEMs sensors. This is the new world aspect, everything is monitored and activated digitally.