The global MEMS sensor market was valued at USD 16,036.5 million in 2018 and is expected to reach USD xx million by 2026, growing at a CAGR of 10.4 % during the forecast period.
MEMS sensors have become an essential part of the industrial production process which help increase precision with the help of automation. These sensors are used for keeping a record of different parameters such as pressure, flow, temperature, and other parameters to track the whole process and ease it without human intervention.
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MEMS sensors such as accelerometers and pressure sensors are used in cars to deliver benefits like fuel efficiency and safety. For example, a smart MEMS sensor can process engine-related data in real time and notify the problems to car occupants or the vehicle driver. Furthermore, these MEMS sensors facilitate real-time communication between engine, braking, and suspension systems of vehicles. Increasing vehicle safety concerns have led automotive manufacturers to implement MEMS sensors at a significant rate. These factors are expected to foster the growth of the global MEMS sensor market in the coming years.
The idea of self-driving cars is built on the data collected by MEMS sensors such as position sensors, accelerometer, proximity sensors, and other sensors. The sensor data is continuously collected through an integrated control system that controls the speed of the car and as a result, the effort of the driver gets reduced. Technologically advanced companies such as Tesla and Google Inc. are investing on the research & development of these cars which are currently in a testing phase. Positive outcomes from these tests are expected to accentuate the growth of the MEMS sensor market in the future. For example, in 2016, Google Inc. tested its newly developed self-driving car in the UK for a short distance. These advancements are going to increase the demand for MEMS sensors in the coming years.
In January 2019, an established chipmaker NXP Semiconductors announced that they would enter into a collaboration with a French chip manufacturer Kalray SA, for building computer systems for self-driving cars. Kalray SA manufactures parallel processor that will help process the MEMS sensor data, which will be used by self-driving cars to see the road. This collaboration will strengthen the emerging technology solutions portfolio of NXP Semiconductors.