Piezoelectric MEMS Sensor Market Worth $3.4 Billion By 2030: IndustryARC

Piezoelectric MEMS Sensor market size is expected to reach $3.4 billion by 2030 after growing at a CAGR of 7.5% during the forecast period 2024-2030 according to the latest market research report published by IndustryARC. Growing demand from the automotive industry and advances in consumer electronics are poised to propel the demand, finds IndustryARC in its recent report, titled “Piezoelectric MEMS Sensor Market – By Energy Source (Mechanical, Electromagnetic, Thermal, Chemical, Optical), By User (Enterprise, Civilian),  By Size (Bulk & Thin Film),  By Device (FBARs, Oscillators, Vibration Energy Harvester and Others), By Application (Microphone, Speaker, Camera, PMUT, Optical Phase Shifters and Others), By End Use Industry (Industrial, Manufacturing & Engineering, Automotive, Healthcare, Telecom, Aerospace, Oil & Gas & Others), By Geography – Global Opportunity Analysis & Industry Forecast, 2024-2030”

Advancements in Consumer Electronics is Driving the Market Growth:

Manufacturers of consumer electronics integrate piezoelectric sensors into devices such as smartphones, wearables and touchscreens for haptic feedback, gesture recognition and enhancement of user interfaces. The growing demand for advanced electronic devices amplifies the uses of piezoelectric sensors in this sector. As per Business Wire, the Indian consumer electronics market is expected to be valued at $124.94 billion by 2030, witnessing a CAGR of 6.5% between 2022 and 2030. With the evolution of technology, the demand for Piezoelectric MEMS sensors also grow.

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Piezoelectric MEMS Sensor Market 2024-2030: Segmentation

By Energy Source

• Mechanical
• Electromagnetic
• Thermal
• Chemical
• Optical

By User

• Enterprise
• Civilian

By Size

• Bulk
• Thin Film

By Device

• FBARs
• Oscillators
• Vibration Energy Harvester
• Others

By Application

• Microphone
• Speaker
• Camera
• PMUT
• Optical Phase Shifters
• Others

By End Use Industry

• Industrial
• Manufacturing & Engineering
• Automotive
• Healthcare
• Telecom
• Aerospace
• Oil & Gas
• Others

By Region

• North America
• South America
• Europe
• Asia-Pacific
• Rest of the World

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Piezoelectric MEMS Sensor Market Report – Key Takeaways:

• Mechanical is the Largest Segment
  • Mechanical piezoelectric sensors are the largest segment, in terms of energy source owing to their versatility. These sensors excel at converting various mechanical phenomena like pressure, vibration, acceleration, etc. into electrical signals. This adaptability makes them crucial across industries from industrial automation to automotive. According to the International Society for Automation (ISA), the global process automation market is expected to reach $76.8 billion by 2025.
• Healthcare is the Largest Segment
  • The healthcare segment is the largest segment in the piezoelectric MEMS sensor market, in terms of end use industry. Piezoelectric sensors are used in medical imaging, patient monitoring and minimally invasive surgeries. Their ability to translate subtle physical changes into measurable signals is crucial for accurate diagnosis and treatment. According to the WHO, noncommunicable diseases kill 41 million people each year, equivalent to 74% of all deaths globally. The growing need for piezoelectric MEMS sensors from the healthcare segment is a response to the increasing burden of chronic diseases and the need for accurate and timely diagnoses and better disease monitoring.
• Asia-Pacific Leads the Market
  • Asia Pacific held the major share of 38% in 2023 in the Piezoelectric MEMS Sensor market owing to the flourishing consumer electronics sector. The market in the region is mainly driven by technological progress and manufacturing as well as the increasing demand for consumer electronic devices. According to data from India Cellular and Electronics Association (ICEA), mobile phones represent the fifth largest export commodity in India. India produces 97% of its total mobile phone demand locally and 30% of the total production in the FY24 is meant for export. Additionally, the electronics manufacturing service industry in the region have also grown in the last couple of years which also boost the Piezoelectric MEMS Sensor market.
• Growing Demand from Automotive Industry
  • The rise of electric vehicles (EVs) creates a need for efficient battery management systems. The growth in EV sales is raising the demand for batteries. As per IEA’s Global EV Outlook 2024, the demand for EV batteries reached more than 750 GWh in 2023, up 40% relative to 2022. Electric cars account for 95% of this growth. Piezoelectric MEMS sensors can be used for pressure monitoring within the battery pack contributing to optimal performance and safety. Thus, there is an increased demand for piezoelectric MEMS sensors from the automotive industry driven by the demand for EVs.

Key Opportunity Analysis:

Real Time Early Earthquake Warning Systems

Piezoelectric MEMS sensors are instrumental in early earthquake warning systems due to their high sensitivity and rapid response to ground vibrations. These sensors can detect the slightest seismic activities and provide data that can be used to predict larger, more destructive earthquakes. By installing a network of these sensors in seismically active regions it is possible to monitor tectonic movements in real-time. The compact size and low power consumption of piezoelectric MEMS sensors make them ideal for deployment in remote and harsh environments.

Intrusion Detection Systems

Piezoelectric MEMS sensors are increasingly used in security systems for intrusion detection due to their ability to sense the slightest vibrations. These sensors can be installed on walls, windows and doors to detect unauthorized entry attempts. When a disturbance is detected, the system can trigger alarms or alert security personnel, providing a quick response to potential threats. The high sensitivity of piezoelectric MEMS sensors ensures that even subtle attempts at tampering are identified. This enhances the overall security of the premises.

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The Report also Covers the Following Areas:

• Piezoelectric MEMS Sensor Market size and Forecast
• Piezoelectric MEMS Sensor Market trends
• Piezoelectric MEMS Sensor Market analysis by energy source

Piezoelectric MEMS Sensor Market 2024-2030: Key Highlights

• CAGR of the market during the forecast period 2024-2030
• Value Chain analysis of key stake holders
• Detailed analysis of market drivers and opportunities during the forecast period
• Piezoelectric MEMS Sensor market size estimation and forecast
• Analysis and predictions on end user behavior and upcoming trends
• Competitive landscape and Vendor market analysis including offerings, developments, and financials
• Comprehensive analysis of challenges and constraints in the Piezoelectric MEMS Sensor Market

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Covid and Ukrainian Crisis Impact:

• The COVID-19 pandemic presented challenges for the Piezoelectric MEMS Sensor market, disrupting supply chains and causing fluctuations in demand. Lockdowns and restrictions impeded manufacturing operations, affecting the production of electronic components. While there was a surge in the demand for consumer electronics, the shortage of components resulted in significant delays.
• The ongoing Ukraine-Russia conflict’s impact on Piezoelectric MEMS Sensor is indirect. Escalating uncertainties led to fluctuations in component prices and impacted the production and distribution of Piezoelectric MEMS Sensors. Economic sanctions and geopolitical risks also influenced market dynamics by impacting investment decisions and overall industry stability.

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Piezoelectric MEMS Sensor Market Players:

The companies profiled in the Piezoelectric MEMS Sensor market include:

• APC International Ltd
• Ceramtec GmbH
• Physik Instrumente (PI) GmbH & Co. KG
• TDK Electronics
• Piezosystem Jena GmbH
• CTS Corporation
• Honeywell International Inc.
• Kistler Group
• Parker Hannifin Corporation
• TE Connectivity Ltd

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