MEMS Market Driven by Increased Demand for Artificial Intelligence in Mobiles

Increasing demand for wearables and consumer electronics such as smartphones, tablets, TVs, and laptops, and increasing popularity for connected devices to implement Internet of Things (IoT) are the major factors driving the growth of the MEMS market. As per our recent business intelligence report, the global MEMS market size was $11 billion to $12 billion as of 2018, and the market demand is projected to increment at a healthy CAGR of 15% to 18% over the forecast period of 2019 to 2025. Micro Electro Mechanical Systems (MEMS) is a technology which consists of minute mechanical and electro-mechanical components that are distinguished from molecular nanotechnology or molecular electronics. MEMS devices contain various functional elements such as miniaturized structures, sensors, actuators, and micromachines. By using these MEMS microsensors, the device converts a measured mechanical signal into an electrical signal. Currently, MEMS sensors are being used in new devices such as fitness trackers, smartwatches, virtual reality glasses, and smart sensor nodes for implementing the IoT. APAC holds the largest market share According to IndustryARC market analysis, APAC held the largest demand share of more than 32% to 35% of the overall MEMS market demand as of 2018. A key factor behind this demand is that the large number of OEMs are situated in this region and incorporate the MEMS sensors in various gadgets produced by them. Analyst of the report says that consumer electronics are the major application segment of MEMS technology, and the demand for this segment is projected to increment at a phenomenal CAGR of 16% over the forecast period of 2019-2025. Consumer electronic devices such as smartphones and tablets are using MEMS gyroscope sensor in order to determine the location of the device for effective operation. MEMS-based sensors are also used for automotive applications, which includes electronic stability program (ESP), roll over detection for airbag systems, the navigation system, and working principle. According to American National Highway Traffic Safety Administration (NHTSA) studies, the installation of ESP will reduce single-vehicle crashes of passenger cars by 34% and single vehicle crashes of sport utility vehicles by 59%, with a much greater reduction of rollover crashes. The information is based on a recent business intelligence report from IndustryARC, titled “MEMS Market: by devices, by the application (automotive, consumer electronics, healthcare and medical, industrial, aerospace & defense, and others), & by geography- analysis & forecast (2019- 2025).” AI Disrupting MEMS Market The recent development of MEMS using Artificial Intelligence (AI) is the activity tracking, which requires accurate live classification of AI data. Transferring all AI processing data to the main processor, in mobiles and automotive applications, is done by using the MEMS sensors. There are two ways to add AI. The first is a centralized approach, where sensor data is processed in the auxiliary power unit (APU) that contains the software. The second is a decentralized approach, where the sensor chip is localized in the same package, close to the software and the AI.  Whatever may be the approach, MEMS and sensors manufacturers need to understand AI, although they are improbable to gain much value at the sensor-chip level. The major players operating in the MEMS market are Broadcom, Robert Bosch, Texas Instruments, STMicroelectronics, Qorvo, Hewlett Packard, Knowles Electronics, NXP Semiconductors N.V, and Murata Manufacturing, Co., Conclusion MEMS is a technology which consists of minute mechanical and electro-mechanical components that are made by using microfabrication technique. Increasing demand for wearables and consumer electronics such as smartphones, tablets, TV, and laptops are the factors driving the growth of the MEMS market during the forecast period 2019 to 2025. Talk to one of our sales representative about the full report by providing your details in the link below: https://industryarc.com/support.php?id=15575 Related Reports: Piezoelectric MEMS Sensor Market:  https://industryarc.com/Report/18790/piezoelectric-mems-sensor-market MEMS-based Oscillator Market https://industryarc.com/Report/15093/mems-based-oscillator-market.html