Worldwide revenue for sensors and MEMs in 2019 is expected to reach $20 billion. This is a 12 percent increase over 2018. Growing at a compound annual growth rate of 8 percent over the next five years, combined these two segments should reach a worldwide revenue total of nearly $31 billion by 2024. Fast growing application markets include IoT, Automotive, and the medical application market.
The Sensors and MEMs market tracker covers microfluidic MEMs, pressure sensors, accelerometers, yaw rate sensors, optical MEMS, actuators, temperature sensors, and magnetic field sensors. Forecasts are provided by region, market segment, application and product type. Market share is also provided.
Worldwide automotive semiconductor revenue reached $37 billion in 2018. For 2019, we have revised upward our preliminary forecast expecting the market to reach $40 billion. This is a 9 percent increase from last year. The opportunity for semiconductor suppliers in this space continues to outpace other markets.
The Automotive Market Tracker provides forecasts for each semiconductor family used in automotive designs. Forecasts are provided by region, application segment, application and by semiconductor product type. Market share for automotive electronics providers and semiconductor suppliers is included. Also included is spending estimates by automotive electronics provider.
The audio application market spans from consumer electronics goods to the automotive market where designs are used to create high quality audio in vehicles. reached $24 billion in 2018 and is expected to grow to $26 billion this year.
The Databeans audio market tracker provides forecasts for audio applications by semiconductor product. Forecasts are provided by region and by application. Market share is also provided for the semiconductor suppliers as well as the OEMs. OEM spending on semiconductors is also estimated.
Integrated solutions continue to eat into the traditional timing devices market. Growing at a compound annual growth rate of 8 percent, revenue from these ICs should dominate the market by 2020. The clock generation product family is the fastest growing as well as MEMs technology and CMOS solutions. The crystal clock market is growing around 4 percent per year.
Databeans provides the Timing Devices Market Tracker which includes 4 issues delivered every three months. Products covered include legacy crystal oscillators, PLLs, clock synthesizers, clock distribution ICs, and newer CMOS and MEMs timing products. Forecasts are provided for revenue and shipments by region, market segment, application area, and product type. Market share is also provided.