Newly released market study: Global MEMS Inertial Sensor Market 2015-2019

Fast Market Research announces the availability of Technavio's new report "Global MEMS Inertial Sensor Market 2015-2019" on their comprehensive research portal.

MEMS inertial sensors are devices that detect and measure tilt, shock, rotation, vibration or any other types of motion. These sensors are mainly of three types, namely accelerometers, gyroscopes and magnetometers. Inertial sensors were earlier used in aerospace and military navigation, but due to the introduction of MEMS technology, the sensors are now used in segments, like automotive, consumer, medical, industrial and communications. The MEMS technology has helped to reduce the size of the sensors making it cost effective and efficient, and compatible at the same time. The MEMS inertial sensors market is witnessing a rapid growth with technological advancements, such as sensor fusion, in which two or three sensors are combined together to form one sensor.

Technavio predicts that the global MEMS inertial sensors market to grow at a CAGR of 14 percent over the period 2014-2019.

Get More Details on this Report and a Full Table of Contents at Global MEMS Inertial Sensor Market 2015-2019

The report analyst commented, "The size of the sensors used to be an issue and made it difficult to integrate them in various devices. But, with the rise in miniaturization, MEMS inertial sensors can now be used in all kinds of devices irrespective of size. Miniaturization also helps increase efficiency and reduces power consumption. The fusion of sensors also leads to a reduction in price. This trend has led to an increase in the growth rate of combo sensors, which is expected to grow during the forecast period."

According to the report, consumers of all ages are shifting from simple products to multipurpose wearable gadgets to better serve their changing lifestyles. For example, wristwatches are being replaced with smartwatches. The healthcare segment will contribute significantly to the greater use of wearables. These devices help monitor health issues such as diabetes, blood pressure, and heart rate. Companies like Fitbit, Xiaomi, and Google are leading the market.

Further, the report states that the market is facing some challenges, which can hamper growth. For instance, manufacturers face issues related to accuracy and calibration when manufacturing combo sensors.

The key players in the Global MEMS Inertial Sensors Market are Ashai kasei Microdevices Corp., Robert Bosch GmbH, InvenSense Inc. and STMicroelectronics N. V. while other prominent vendors include Alps Electric Co. Ltd., Analog Devices Inc., Freescale Semiconductor Ltd., Kionix Inc., Memsic Inc. and Texas Instruments Inc.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.

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