The sensors and MEMs market continues to expand as demand shifts from the automotive and industrial segments to the consumer and communications markets. In 2015 this market is expected to reach a high of close to $13 billion up 13 percent over 2014. This tracker provides forecasts for temperature sensors, pressure sensors, accelerometers, magnetic field sensors, and other MEMs and sensors. Forecasts are provided by region, market segment and application, and product type. Market share is also provided by region for 2013 and 2014.
The sensors market is currently being driven by high volume demand in the automotive market, however, falling ASPs are hindering revenue growth for 2014. Long term however, this product market continues to outperform the overall semiconductor industry as more products are being used by electronics in all segments to interact with real world signals. Databeans predicts that worldwide sensor and MEMs revenue will grow by 7 percent this year while ASPs drop by 5 percent. Most of the price erosion has been in the Americas and in Europe where demand for automotive sensors is higher than in other regions.
Sensors and MEMs devices make up about 3 percent of the total semiconductor market. Products are being utilized in all types of applications that have never required them before. Sensors and MEMs are able to make applications “smarter” by being able to sense the world around them, therefore making end products much easier to use. For 2014, the sensors and MEMs market is expected to grow by only about 2 percent, but in 2015, the market is expected to jump from $10 billion to 12 billion. Driven by accelerometers, and sensors used in automotive, the market is expected to grow by a compound annual growth rate of 10 percent each year thru 2019.
Sensors and MEMs devices may only make up about 3 percent of the total semiconductor market, but they are being utilized in all types of applications that have never required them before. Sensors and MEMs are able to make applications “smarter” by being able to sense the world around them, therefore making the products much easier to use. Between white goods, cars, and even industrial technology, sensors are making everyday electronics much more conducive. Because of the new interest in smarter applications, this market’s revenue is anticipated to grow by 9 percent on average over the next five years.