Worldwide revenue for sensors and MEMs in 2018 is still expected to reach $18.4 billion. 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 $29 billion by 2023. 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.
The discretes market is expected to reach $24 billion this year for worldwide revenue. This is a 13 percent increase from 2017. Product categories driving growth include rectifiers and power transistors.
The Databeans Discretes Market Tracker provides forecasts for discretes by region, market segment, application, and product type. The major categories listed above are also broken out further by product including TPD, RF, Zener diodes and power transistors IGBT, MOSFETS, bipolar, and RF. Market share is also provided by region, and major product category.
The global opportunity for advancement in medical electronics continues to motivate semiconductor suppliers as they continue to bring to market products for imaging, diagnosis, therapy, and home and remote patient monitoring. More and more healthcare is moving into the public sector which adds to this opportunity as more people are able to access care.
Technology plays an important role in providing coverage as well as managing the skyrocketing costs associated with the medical industry. Medical electronics are evolving with OEMs offering lower cost solutions that are advanced in power management, accuracy, and sensitivity. The market for semiconductors, which support these advances, is expected to reach over $5.8 billion this year which is a 12 percent increase from 2017.
The 2018 Semiconductors in Medical Electronics study recently release provides readers with an excellent overview of the market including forecasts by region, by application, and by product type. OEM market share is discussed along with estimates for semiconductor purchases by each listed company. Market share for semiconductor suppliers in the medical industry is also provided.
The market for semiconductors in the military and aerospace market is expected to reach $4 billion in 2018. This is a 15 percent increase from 2017 due to better economic conditions in the military segment as well as continued high prices in the memory market due to capacity restriction. The largest markets for military spending continue to be the United States and China. The United States increased spending by 4.3 percent while China increased spending by 1 percent. Long term, the semiconductor market in this segment will continue to grow at a compound annual growth rate of 4 percent over the next five years.
This report provides forecasts for all semiconductor product types used in the military and aerospace application market. Market segments include defense, space, satellite and avionics. Regional data as well as by product type is presented. OEM share and estimated spend on semiconductors is included along with market share for the semiconductor suppliers that serve this market.