Insights on Global MEMS Sensor Market and Forecast Assumptions
Global MEMS sensor market is expected to flourish at a significant CAGR over the
forecast period. Moreover, the global MEMS sensor market is anticipated to garner
USD 3.54 Billion by the end of 2021. Rising demand for MEMS sensor in consumer
electronics and automotive sector is believed to foster the growth of MEMS sensor
market during the forecast period.
The global MEMS sensor market is segmented into application such as consumer
products, automotive sector, healthcare sector and industry sector. Among these
segments, consumer products segment is expected to occupy the top position in
MEMS sensor market during the forecast period. Rising sale of smart phones is
anticipated to supplement the growth of consumer products segment.
Furthermore, continuous rise in number of sensor integrated into smartphone is
anticipated to fuel the demand for consumer products MEMS sensor market in the
next few years.
Asia Pacific accounted for the largest market in overall MEMS Sensor Market in
2016. Moreover, Asia Pacific is anticipated to continue its dominance over the
forecast period owing to the robust growth of domestic consumer electronic goods
market. Moreover, growth in adoption of electronic products coupled with rising
disposable income of the population is envisioned to bolster MEMS sensor market
in the region. Europe market is expected to significantly contribute to the growth
of the MEMS market during the forecast period. Presence of key manufacturing
companies and increasing number of smartphones and tablets end users in the
region is expected to positively impact the growth of the MEMS sensor market.
Download Sample of This Strategic Report @ https://www.researchnester.com/sample-
Wide Scale Application in Consumer Electronics & Automotive Sector
Rising application of MEMS sensor such as industrial vibration monitoring, air bag
deployment, virtual reality gaming and automotive applications is likely to