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Is the MEMS Accelerometer & Gyroscope Market Set to Skyrocket? Here's What You Need to Know

Introduction
The global MEMS Accelerometer and Gyroscope Market is experiencing rapid growth, largely driven by the increasing demand for motion-sensing technology across various high-tech industries. This growth is evident in sectors such as consumer electronics, automotive, aerospace, and healthcare. MEMS sensors, which include accelerometers, gyroscopes, and Inertial Measurement Units (IMUs), are integral to technologies requiring precise motion detection, navigation, and stability control.
As we move further into the 21st century, the adoption of MEMS accelerometers and gyroscopes in advanced devices such as smartphones, wearables, autonomous vehicles, and drones is expanding the market's reach. From a technological perspective, MEMS sensors have become more efficient, smaller in size, and significantly more power-efficient, which contributes to the growth of this market.
The MEMS accelerometer and gyroscope market is projected to grow at a robust compound annual growth rate (CAGR) of 10.5% from 2025 to 2032, a clear indication of the potential and importance of MEMS technology across a wide range of industries.
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Market Dynamics: Forces Shaping the MEMS Accelerometer and Gyroscope Market
Increasing Demand Across Key Industries
The primary driver of the MEMS accelerometer and gyroscope market's rapid expansion is the increasing demand for motion-sensing technology across a variety of industries:
Consumer Electronics: MEMS sensors are widely used in smartphones, wearables, and gaming devices. The increasing reliance on touch-based interfaces, augmented reality (AR), and virtual reality (VR) applications drives the demand for high-precision motion sensors.
Automotive: The automotive industry is another major contributor to the growth of MEMS accelerometers and gyroscopes. These sensors are essential in advanced driver-assistance systems (ADAS), autonomous vehicles, and stability control systems, where accurate motion detection is crucial.
Aerospace: In aerospace applications, MEMS sensors are used in navigation systems, stability control, and flight systems for precision and reliability.
Healthcare: The healthcare industry has also seen an uptick in MEMS adoption, particularly in medical devices such as wearable health trackers, implantable devices, and diagnostic equipment.
The continued innovation in these sectors, alongside the integration of MEMS sensors into next-generation devices, will drive sustained growth in the coming years.
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Technological Advancements
Recent advancements in MEMS technology have significantly enhanced the functionality, miniaturization, and energy efficiency of sensors. The trend towards sensor fusion—integrating accelerometers, gyroscopes, and magnetometers into single units—has led to more versatile motion sensors. These sensors are capable of providing highly accurate real-time data processing for a variety of complex applications, including industrial automation, robotics, and AR/VR experiences.
Moreover, the growing demand for low-power MEMS sensors to support energy-efficient applications across industries such as wearables and automotive systems has spurred further innovation.
Rise of Emerging Technologies
The MEMS accelerometer and gyroscope market is also benefiting from the rise of emerging technologies, notably:
Internet of Things (IoT): MEMS sensors are key enablers in the development of smart devices and systems that form the backbone of IoT networks. Their compact size and low power consumption make them ideal for IoT devices in homes, factories, and healthcare settings.
Artificial Intelligence (AI): AI-powered systems require high-performance sensors that enable precise motion tracking, which is where MEMS technology plays a crucial role.
Autonomous Systems: Drones, autonomous vehicles, and robots rely heavily on MEMS sensors for navigation, motion detection, and flight control.
These emerging technologies continue to open up new applications for MEMS sensors and will drive future growth.
Challenges in the MEMS Accelerometer and Gyroscope Market
Despite the promising outlook, there are several challenges that could hinder the growth of the MEMS accelerometer and gyroscope market:
High Manufacturing Costs: MEMS technology can be expensive to produce due to the complexity of the fabrication process. This could make it challenging for smaller companies or developing markets to afford high-precision MEMS sensors.
Supply Chain Disruptions: The MEMS industry relies heavily on specific semiconductor materials and components, which makes it vulnerable to supply chain disruptions, especially in a global market where raw material prices fluctuate.
Calibration Complexity: High-precision MEMS sensors require intricate calibration processes, which can be resource-intensive and time-consuming.
However, technological advancements and efforts to streamline production and calibration are expected to mitigate these challenges over time.
MEMS Accelerometer and Gyroscope Market Segmentation: Detailed Breakdown
By Product Type
The MEMS accelerometer and gyroscope market can be segmented into several product categories, each contributing to the overall growth of the market:
MEMS Accelerometers: MEMS accelerometers hold the largest share of the market in 2024, valued at approximately USD 2.5 billion. These sensors are crucial in applications like automotive stability control, consumer electronics, and industrial automation. Their high accuracy, compact size, and integration capabilities make them indispensable in modern motion-sensing technologies.
MEMS Gyroscopes: MEMS gyroscopes, which measure rotational movement, are used in applications requiring precise orientation control, such as drones, robotics, and wearables.
MEMS Inertial Measurement Units (IMUs): IMUs, which integrate accelerometers and gyroscopes, are primarily used in more complex systems like drones, aerospace navigation, and robotics. They offer the advantage of multi-dimensional sensing, allowing for more accurate motion tracking in dynamic environments.
By Application
The MEMS accelerometer and gyroscope market can also be segmented by application, with several industries showing significant demand for motion-sensing technologies:
Consumer Electronics: As the leading application segment, consumer electronics accounted for over USD 3.0 billion in 2024. This includes smartphones, wearables, and gaming devices, all of which require high-precision motion sensors for features like touch detection, gaming controls, and fitness tracking.
Automotive: The automotive industry is increasingly adopting MEMS sensors, particularly in autonomous vehicles, ADAS, and vehicle navigation systems. With the growing focus on safety and self-driving technology, the automotive segment is expected to grow at a CAGR of 11.4% through 2032.
Aerospace & Defence: MEMS accelerometers and gyroscopes are used extensively in navigation systems for aircraft and spacecraft, offering enhanced accuracy in flight control and positioning.
By Region
The MEMS accelerometer and gyroscope market is geographically diverse, with significant regional growth patterns:
Asia-Pacific: Expected to dominate the MEMS market by 2024, Asia-Pacific's growth is largely attributed to the booming consumer electronics sector in countries like China, Japan, and South Korea. The region is projected to grow at the highest CAGR of 12.0% through 2032.
North America and Europe: Both regions show steady demand, driven by automotive, aerospace, and healthcare applications. The U.S. and European countries are significant players in the MEMS market, with robust research and development activities.
South America and Middle East: These regions are expected to experience slower growth but will see increasing adoption of MEMS technology as industrial automation and IoT applications expand.
Competitive Landscape: Key Players and Strategic Insights
The MEMS accelerometer and gyroscope market is highly competitive, with several key players pushing the boundaries of innovation to capture market share. These companies focus on advancing sensor accuracy, power efficiency, and miniaturization. Notable companies in the market include:
Robert Bosch GmbH: A leader in MEMS sensor technology, Bosch offers a wide range of accelerometers and gyroscopes for automotive, consumer electronics, and industrial applications.
STMicroelectronics N.V.: Known for its innovations in MEMS sensors, STMicroelectronics provides highly integrated solutions that cater to automotive, consumer electronics, and industrial markets.
Analog Devices: Specializes in high-precision MEMS sensors for a variety of applications, including aerospace, automotive, and healthcare.
Honeywell: A key player in the consumer electronics sector, Honeywell offers next-generation MEMS gyroscopes for applications in AR/VR and wearables.
These companies are continuously investing in R&D to introduce more cost-effective and high-performance MEMS sensors, positioning themselves for long-term growth in a rapidly evolving market.
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Conclusion
The MEMS accelerometer and gyroscope market is on a strong growth trajectory, driven by the increasing demand for motion-sensing technologies in various high-tech industries. With continued innovation in miniaturization, sensor fusion, and power efficiency, MEMS sensors are poised to play a crucial role in shaping the future of consumer electronics, automotive systems, healthcare devices, and beyond.
The increasing integration of MEMS sensors in emerging technologies such as AI, IoT, and autonomous systems ensures that this market will continue to experience robust growth through the next decade. As key players innovate and expand their offerings, the MEMS accelerometer and gyroscope market will remain a key enabler of technological advancement and digital transformation across industries.
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TDK launches high-temp 6-axis automotive IMU for cabin applications
July 1, 2025 /SemiMedia/ — TDK Corporation has announced global availability of the InvenSense SmartAutomotive™ IAM-20680HV, a compact 6-axis inertial measurement unit (IMU) designed for in-cabin automotive applications operating in extreme conditions up to +125 °C, with guaranteed performance up to +105 °C. The IAM-20680HV combines a 3-axis gyroscope and a 3-axis accelerometer in a space-saving…
#6-axis sensor#automotive IMU#automotive-grade IMU#cabin electronics#electronic components news#Electronic components supplier#Electronic parts supplier#high temperature MEMS#inertial sensor#TDK InvenSense
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U.S. Pressure Sensor Market: Growth, Trends, and Future Outlook
The U.S. pressure sensor market is experiencing significant growth, driven by advancements in technology and increasing applications across various industries. In 2024, the market was valued at USD 22.2 billion and is projected to reach USD 39.7 billion by 2032, reflecting a compound annual growth rate (CAGR) of 7.7% during the forecast period.

Key Drivers of Market Growth
1. Advancements in MEMS Technology Micro-Electro-Mechanical Systems (MEMS) technology has revolutionized pressure sensor design, enabling smaller, more accurate, and cost-effective sensors. These innovations have expanded their use across consumer electronics, automotive systems, industrial automation, and medical devices.
2. Integration with IoT Devices The rising deployment of Internet of Things (IoT) solutions across smart homes, manufacturing facilities, and healthcare systems has accelerated the demand for real-time sensing and monitoring. Pressure sensors integrated into IoT devices provide crucial data for predictive maintenance and system optimization.
3. Regulatory Compliance and Safety Demands Stringent safety and environmental regulations have driven industries to implement pressure sensing technology for system monitoring and compliance. In automotive applications, for instance, pressure sensors are vital for tire pressure monitoring systems (TPMS), fuel injection systems, and emissions control.
Market Segmentation Overview
By Technology:
Piezoresistive Sensors: Widely adopted due to their stability, sensitivity, and long-term performance.
Electromagnetic Sensors: Suitable for harsh environments where contactless operation is beneficial.
Capacitive Sensors: Offer high precision with low power consumption, used in compact devices.
Resonant Solid-State Sensors: Ideal for applications requiring high-frequency operation.
Optical Sensors: Used in sectors with high electromagnetic interference, such as aerospace.
By Application:
Automotive: Largest application area, involving engine performance monitoring, emissions management, and ADAS integration.
Healthcare: Used in respiratory monitoring, infusion pumps, and patient monitoring equipment.
Industrial: Integral to process control, equipment diagnostics, and factory automation.
Consumer Electronics: Applied in wearables, smartphones, and smart appliances.
Aerospace and Defense: Critical for altitude measurement, cabin pressure regulation, and hydraulic systems.
Future Outlook
With the expansion of connected technologies and the need for reliable real-time monitoring across various sectors, the demand for pressure sensors is poised to grow steadily. Investments in smart manufacturing, healthcare innovation, and autonomous mobility will further drive the adoption of advanced sensor technologies.
#pressure sensors#MEMS sensors#piezoresistive sensors#capacitive sensors#IoT sensors#automotive sensors#industrial automation#U.S. sensor market#smart devices#sensor technology
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#STMicroelectronics#dataanalysis#industrial#automotive#electronicsapplications#MEMS#Sensors#EmbeddedSystems#electronicsnews#technologynews
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Exploring the Space Sensors and Actuators Market: Size, Revenue, and Growth Trends

The Space Sensors and Actuators Market is undergoing rapid advancements, driven by increased investments in space exploration and satellite technology. The market is projected to grow from USD 2.7 billion in 2022 to USD 4.9 billion by 2027, at a CAGR of 12.7%. The rising involvement of private space enterprises like SpaceX, Blue Origin, and Northrop Grumman is significantly contributing to market expansion.
This blog delves into the major growth drivers, challenges, opportunities, and market segments shaping the Space Sensors and Actuators Industry.
Market Growth Drivers
1. Increased Private Investments in Space Exploration
The increasing participation of private players has led to cost reductions in space missions. Astrobotic Technology, iSpace, and NASA have fueled investments in satellite launches, planetary exploration, and reusable space shuttles.
2. Advancements in Robotic and Propulsion Technologies
The integration of commercial-off-the-shelf (COTS) components, miniaturization of sensors, and efficient propulsion technologies has made space missions more affordable and reliable. These technological advancements are enabling rapid developments in space exploration.
3. Growing Demand for Electrohydrostatic Actuators (EHAs)
Electrohydrostatic actuators (EHAs), also known as power-by-wire systems, are replacing traditional hydraulic systems. These actuators improve efficiency and reliability by reducing the need for additional hydraulic pumps and tubing. SL-12 reusable space shuttles have successfully integrated EHAs for primary flight control surfaces, enhancing the reliability of manned space vehicles.
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Market Restraints
1. Maturity of Sensor and Actuator Technologies for Surface Missions
Despite innovations, space sensor and actuator technologies are still evolving. Missions such as NASA's Mars 2020 Rover have highlighted the limitations in current technology, requiring further advancements in sensor integration, reliability, and cost efficiency.
2. High Costs of Advanced Space Components
The design and development of complex space devices require specialized skills, increasing production costs. The integration of system-on-chips (SoCs) in modern devices is also driving demand for high-end research and manufacturing capabilities.
Opportunities in the Space Sensors and Actuators Market
1. Growth of Solar MEMS Technology in Space Projects
The development of Micro-Electro-Mechanical Systems (MEMS) solar sensors is revolutionizing satellite attitude control and tracking systems. Solar MEMS technology is widely used in nanosatellites for research, space observation, and solar power generation.
Star Tracker for Nanosatellites (STNS): A CMOS image sensor-based tracker for accurate satellite orientation.
Horizon Sensor for Nanosatellites (HSNS): A cost-effective solution for nadir-tracking and attitude determination.
These innovations are expected to boost the market for space sensors and actuators significantly.
Challenges in Space Environments
1. Radiation Damage and Corrosive Atmospheres
Spacecraft and satellites face extreme environmental conditions, including radiation exposure, electrostatic discharge, and atomic oxygen corrosion. Geostationary satellites experience electrostatic discharges up to 20,000 volts, affecting sensor reliability.
Radiation-hardening of space sensors and actuators is a crucial area of investment, ensuring longevity and performance in harsh space conditions.
Key Market Segments
1. Sensors Segment Expected to Witness the Highest Growth
The sensors segment is anticipated to witness the highest CAGR during the forecast period. Space sensors and actuators are essential for various applications, including:
Weather monitoring satellites (wind speed, temperature, UV effects)
Space observation satellites (MEMS actuators, electro-optical sensors)
Planetary exploration probes (radiation sensors, spectrometers)
The ESA Copernicus program has utilized Teledyne e2v’s high-resolution sensors for Earth observation missions, highlighting the increasing demand for radiation-hardened and high-precision space sensors.
2. Commercial Segment Leading in Market Share
The commercial sector is projected to be the fastest-growing segment between 2022 and 2027. Increased participation from private space enterprises has lowered the cost of satellite launches, robotic space missions, and interplanetary exploration.
Key Sub-Sectors Include:
NewSpace Industry (small satellites, CubeSats)
Satellite Operators & Manufacturers (SpaceX, Blue Origin)
Space Robotic Solution Providers
Regional Market Trends
North America: The Largest Market Share
North America is projected to dominate the space sensors and actuators market, led by the United States. The US market accounted for 98% of North America's market share in 2022, driven by major space agencies and private players such as NASA, Texas Instruments, and Honeywell International.
The rise in space missions, including the NASA Space Launch System (SLS), is accelerating market growth. The increasing demand for miniaturized and radiation-hardened sensors is a significant trend in the US market.
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Leading Companies in the Space Sensors and Actuators Market
The market is highly competitive, with key players focusing on contract acquisitions, R&D, and product innovation. Leading manufacturers include:
Honeywell International Inc. (US)
Teledyne Technologies Incorporated (US)
Moog Inc. (US)
AMETEK Inc. (US)
TE Connectivity (Switzerland)
Texas Instruments (US)
RUAG Group (Switzerland)
The Space Sensors and Actuators Market is poised for significant growth, driven by technological advancements, rising private investments, and the increasing need for reliable space components. Innovations in MEMS technology, electrohydrostatic actuators, and radiation-hardened sensors will continue to shape the industry, making space exploration more efficient and cost-effective.
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USB accelerometer, Digital acceleration sensor, mems accelerometers
LIS2MDL Series 3.6V 50 Hz High Performance 3-Axis Digital Magnetic Sensor-LGA-12
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Omnitron sensor mems could free us from rotating tops in autonomous cars (and also lower costs)
Join our daily and weekly newsletters to obtain the latest updates and exclusive content on the coverage of the industry leader. Get more information Omnitron sensorsThat makes MEMS sensor chips, has raised $ 13 million to create economic sensors for self -employed cars. If it works, we could say goodbye to those large rotating domes on autonomous vehicles. The investment will feed the…
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STMicroelectronics N.V. Stock Price Forecast: Is It the Right Time to Invest?
Explore the stock price forecasts, and investment insights for STMicroelectronics N.V. Discover why this semiconductor giant offers #STMicroelectronics #STM #dividendyield #investment #stockmarket #stockpriceforecast #stockgrowth #dividendstock #NyseSTM
STMicroelectronics N.V. is one of the world’s largest semiconductor companies. They design, develop, manufacture, and sell semiconductor products. The company operates through three main segments: Automotive and Discrete Group, Analog, MEMS and Sensors Group, and Microcontrollers and Digital ICs Group. They have over 50,000 employees, with more than 9,500 in R&D, and 14 main manufacturing sites…
#Analog MEMS Sensors#Automotive and Discrete Group#Dividend policy#Financial performance#Investment#Investment Insights#Market Analysis#Microcontrollers and Digital ICs#Semiconductor industry#STMicroelectronics N.V.#Stock Forecast#Stock Insights#Stock Price Forecast
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https://www.futureelectronics.com/p/semiconductors--analog--sensors--accelerometers/lis2mdltr-stmicroelectronics-5090146
3-Axis Digital Magnetic Sensor, 3 axis accelerometers, Mems accelerometers
LIS2MDL Series 3.6V 50 Hz High Performance 3-Axis Digital Magnetic Sensor-LGA-12
#Sensors#Accelerometer Sensors#LIS2MDLTR#STMicroelectronics#3-Axis Digital Magnetic Sensor#3 axis accelerometers#Mems#phone#Smartphone accelerometer#Accelerometer applications#programmable accelerometer#Digital accelerometer#USB accelerometer
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Secondary Battery Market – Forecast (2024-2030)
Secondary Battery Market Overview:
The secondary battery market size is forecast to reach USD 408.30 billion by 2030, after growing at a CAGR of 22.63% during the forecast period 2024-2030. The market for secondary batteries is expanding significantly as a result of several causes, such as consumer electronics, energy storage solutions, environmental consciousness, growing demand for environmental integrity projects, and developments in battery technology. The market for secondary batteries was mostly driven by the automotive sector. The industry expanded as a result of the rising demand for electric vehicles and the increasing usage of portable electronics including laptops, tablets, smartphones, and wearables. The demand was driven by consumers' dependence on these gadgets and their ongoing need for energy storage solutions.
Report Coverage
The report “Secondary Battery Market – Forecast (2024-2030)”, by IndustryARC, covers an in-depth analysis of the following segments of the secondary battery market.
By Battery Type: Lithium-Ion Battery, Nickel-Metal Hydride Battery, Nickel – Cadmium Batteries, Lead-Acid Battery, Others
By End Use Industry: Automotive, Consumer Electronics, Industrial, Energy Storage Systems, Others.
By Geography: North America, South America, Europe, APAC, and RoW.
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Key Takeaways
• APAC held the largest market share with 35% in 2023. APAC has emerged as a key hub for the development and use of electric vehicles, especially in nations like China. Secondary battery demand has surged as a result of the region's commitment to lowering carbon emissions and enhancing air quality, which has led to large investments in the EV industry.
• In 2023, The Japanese government announced that it would provide up to $2.2 billion in subsidies to boost the manufacturing of storage batteries. The action intends to support the growth of domestic battery production capacity and improve economic supply chain security. To boost Toyota and other manufacturers, about $1 billion of the subsidies would be allocated, indicating Tokyo's commitment to increasing battery production.
• According to the International Energy Agency (IEA), Battery demand for automobiles increased by over 80% in the United States, despite electric car sales growing by only around 55% by 2022.
By Product Type - Segment Analysis
Lithium-ion batteries dominated the secondary battery market with a market share of 30% in 2023. The market for lithium-ion batteries has been experiencing substantial growth in recent years due to the increasing demand for portable electronic devices, the rising adoption of electric vehicles, and the growing need for energy storage solutions. For instance, according to Electronics Hub, lithium-ion battery use is now prevalent in more than 50% of the consumer market. and are mostly used in laptops, cell phones, cameras, and other devices. The rising demand from the electronics industry is also anticipated to drive the market growth. Additionally, in 2023, The ReCell Center will handle the $2 million in grants for the revitalization, recycling, and reuse of lithium-ion battery projects that the U.S. Department of Energy announced in 2023. The growing government support is also projected to drive the market growth.
By End User- Segment Analysis
Consumer electronics dominated the secondary battery market with a market share of 32% in 2023. The key driver for the secondary battery market in consumer electronics is the increasing demand for portable electronic devices. With the rise in smartphone and tablet usage, consumers are increasingly looking for devices that offer longer battery life and faster charging capabilities. Rechargeable batteries provide the necessary power for these devices and allow users to conveniently charge their devices whenever needed. The U.S. Department of Energy (DOE) declared the ongoing existence of the Lithium-Ion Battery Recycling Prize, the establishment of a developed battery research and development, or R&D, consortium, and the allocation of more than $192 million in additional funding for the recycling of batteries from consumer goods in 2023. Moreover, the growing awareness about environmental sustainability has also led to an increased preference for rechargeable batteries. Consumers are now more inclined towards reducing waste and minimizing their carbon footprint. This has resulted in a shift towards rechargeable batteries as they can be reused multiple times, reducing the need for disposable batteries.
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By Geography - Segment Analysis
APAC region dominated the secondary battery market with a market share of 35% in 2023. According to China Energy Storage Alliance, China's new energy storage sector continued to grow rapidly in the first half of 2023, with 850 projects (including planned, under construction, and commissioned projects)—more than twice as many as in the same time the previous year. In January 2022, Honda Motor Co., Ltd. headquartered in Japan announced that it has entered into a cooperative development agreement in the field of lithium-metal secondary batteries with SES Holdings Pte. Ltd. ("SES"), an American EV battery research and development business with headquarters in Boston. The India Energy Storage Alliance (IESA) projects that by 2025, the country's energy storage industry will have grown to over 300 GWh. Many companies have announced intentions to establish Li-ion battery production operations in India to take advantage of the market opportunity. India is now the primary location for the assembly of lithium battery packs; however, the nation must support domestic advanced battery production.
Drivers – Secondary Battery Market
• The rise in the adoption of electric vehicles is driving the market growth
The market for secondary batteries is expanding as a result of the rise in electric vehicles (EVs). The demand for improved energy storage systems is rising as more people choose electric vehicles. Secondary batteries are necessary to power EVs, therefore the automotive industry is benefiting from the growing electrification of the vehicle sector. The secondary battery market is expanding due to innovation and investment driven by the need for superior battery technology, shorter charging times, and longer driving ranges. For instance, according to the International Energy Agency, in 2022, sales of electric cars set another milestone, accounting for 14% of the market. The worldwide automobile markets are declining, as seen by the 3% decline in overall car sales in 2022 compared to 2021. This growth in electric car sales occurred in this setting. Sales of electric cars, which include plug-in hybrid electric vehicles (PHEVs) and battery electric vehicles (BEVs), surpassed 10 million last year, a 55% increase over 2021.
For instance, The Inflation Reduction Act (IRA) in the United States has led international electromobility companies to swiftly expand their US manufacturing plants. Major EV and battery manufacturers announced cumulative post-IRA investments of $52 billion in North American EV supply chains between August 2022 and March 2023. Of these, 50% is allocated to battery
manufacturing and around 20% to EV and battery component manufacturing.
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• Lithium-ion battery technology is driving the market for secondary batteries
Manufacturers of electric vehicles (EVs) have become the primary consumers of lithium-ion batteries in recent years, largely because of the rise in EV sales. Because they don't produce any greenhouse gases like CO2 or NOX, electric vehicles (EVs) have a lesser environmental impact than traditional internal combustion engine (ICE) vehicles. Numerous countries are implementing government initiatives and incentives to encourage the adoption of electric vehicles due to this advantage. For instance, according to the International Energy Agency, the demand for automotive lithium-ion (Li-ion) batteries grew by around 65% to 550 GWh in 2022 from approximately 330 GWh in 2021. This increase was mostly due to an increase in the sales of electric passenger cars, with new registrations rising by 55% in 2022 compared to 2021.
Invest KOREA claims that by manufacturing small lithium-ion batteries, which are primarily used for mobile devices, Korea has become globally competitive in the secondary battery market. Additionally, the nation is leading the way in the development of high-nickel lithium-ion secondary battery technologies, including as NCM and NCA, which are primarily utilized in electric vehicles. The quality of its products has been acknowledged in the global market.
Challenges – Secondary Battery Market
A mismatch between raw material supply and demand could hinder market expansion
There is a growing demand for lithium-ion batteries and the minerals used in their production due to the decreasing cost of these batteries. Because of this, the price of certain minerals is rising and the supply of minerals is becoming less. An increase in investment has led to a growth in the production of electric automobiles.
Production is predicted to decline because of shifts in the supply and demand for nickel and copper, as well as unpredictability in the Democratic Republic of the Congo's mining sector. Cadmium, cobalt, copper, cyanide, iron, lead, manganese, mercury, nickel, and zinc are only a few of the contaminants released throughout the battery-making process in addition to wastewater. Reducing the number of harmful compounds emitted into the environment is usually the advice given to manufacturers. For the duration of the projected period, these factors are expected to limit market growth.
Market Landscape
Technology launches, acquisitions, and R&D activities are key strategies adopted by players in the secondary battery market. in 2022, The major players in the Secondary Battery market are CATL, Clarios International, BYD, East Penn Manufacturing, LG Energy Solution, Panasonic, EnergSys, GS Yuasa Corporation, Duracell, SK Innovation Co Ltd, Samsung SDI, and others.
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Developments:
In November 2023, With the goal of deploying 10GWh+ of CATL's advanced storage solutions over the next five years, Quinbrook and CATL signed a Global Framework Agreement in stationary storage, indicating both companies' commitment to advancing the energy transition by deploying the most cutting-edge storage solutions.
In August 2023, Clarios purchased the power division of Paragon GmbH & Co. KGaA, which manufactures batteries and battery management solutions for the automotive sector. The parent business of Europe's top transportation battery brand, VARTA® Automotive, is Clarios.
We also publish more than 100 reports every month in "Electronics", Go through the Domain if there are any other areas for which you would like to get a market research study.
#Secondary Battery Market#Secondary Battery Market size#MEMS Combo Sensors industry#Secondary Battery Market share#MEMS Combo Sensors top 10 companies#Secondary Battery Market report#MEMS Combo Sensors industry outlook
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Driving Precision: Navigating the Automotive MEMS Sensors Market
Instead, of physically carrying your wallet or money in your pocket or purse, you can just have it on your mobile phone. That’s how it works. A virtual wallet stores your bank card information on the mobile device and facilitates transactions from it. If you might have forgotten your wallet, and have taken services or bought some stuff, then it saves you from further embarrassment.
If you own a smartphone and internet connection in it, then you have all world stored in it. Technological evolution has been transforming our world. Mobile wallets are such technological evolution in the finance sector that has made easy transactions and mitigated the need to carry cash.
How Do Mobile Wallet Functions?
Users can easily access all the information on their bank cards stored on the mobile by entering a pin on the mobile app. The mobile app uses information transfer technology to facilitate interaction with mobile wallet’s ready-to-pay terminals. Besides storing credit or debit cards, mobile phone also stores loyalty cards, coupons, and tickets.
To keep your mobile wallet encashed you have to transfer money to it through a bank account, debit card, credit card, or link it directly. There are both types of mobile wallets, prepaid and post-paid wallets. The prepaid wallet is required to recharge to make payments. In post-paid wallets, they are directly linked with the bank account. Thus, each time the transactions you will make from a mobile wallet, the money will get deducted from the bank account.
In-Store Payments
Customers usually use mobile wallets for in-store payments, and it offers ease in making payments as compared to cash or physical credit cards. Mobile wallets listed with mobile service providers are accepted by numerous payment stores.
The major mobile wallets are Apple Pay, Samsung Pay, and Google Pay. These wallets are integrated into mobile devices. Users can also download them from the app stores.
Merchant Purchases
These mobile wallets offer numerous benefits to merchants. They facilitate a faster transaction, and hence mitigate the need for customers to stand in a long queue, and wait. Thus, it saves time for customers and provides them with a good experience. Moreover, the usage of mobile wallets reduces errors. Several times, while making cash payments, the cashier may enter the wrong amount. It may create a bad experience for customers by overcharging, and undercharging would cause revenue loss. Digital payments facilitate error-free transactions with integrated systems.
High Security
Digital wallets offer high security, they come with built-in authentication and encryption features. Hence, it ensures lesser risk for merchants to make big payments. Around 80% of online shoppers left their cart abandoned, without completing their payments in March 2021. Digital wallets are highly popular among millennials and Gen Z shoppers.
Therefore, the ease of convenience and the fast transaction facilitated by mobile wallets make them highly popular among millennials.
Automotive MEMS Sensors Market Revenue Forecast Report@ https://www.psmarketresearch.com/market-analysis/automotive-mems-sensor-market
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MEMS Market Projected to Reach $31.4 Billion by 2032
Meticulous Research®—a leading global market research company, published a research report titled, ‘Global Micro-Electro-Mechanical System (MEMS) Market by Component (Sensor (Motion, Optical, Proximity, Others) Actuator, Electronic Circuits), End-user (Automotive, Healthcare, Aerospace & Defense, Biotechnology, Others) & Geography—Global Forecasts to 2032’
According to this latest publication from Meticulous Research®, the micro-electro-mechanical system (MEMS) market is projected to reach $31.4 billion by 2032, at a CAGR of 8.8% from 2025 to 2032. The growth of the micro-electro-mechanical system (MEMS) market is driven by the proliferation of IoT devices and the increasing demand for miniaturized electronic devices. However, the high initial cost requirement for a production facility to develop MEMS is a factor restraining its growth.
Furthermore, the rise in the adoption of smart technologies across several industries and advancements in sensor fusion technology are expected to generate growth opportunities for the stakeholders in this market. However, the skill gap for the development of MEMS and lack of standardization are major challenges impacting market growth.
Based on components, the global micro-electro-mechanical system (MEMS) market is segmented into sensors, actuators, and electronic circuits. In 2025, the sensor segment is expected to account for the largest share of over 59.0% of the global micro-electro-mechanical system (MEMS) market. The segment’s large market share is mainly attributed to factors such as technology advancements, the growing focus of key players on the development of MEMS components with new capabilities such as waterproof or long life, and the increased demand for sensing technology for real-time data collection and analysis.
Moreover, the sensor segment is expected to record the highest CAGR during the forecast period. This segment's growth is mainly driven by the development of emerging technologies such as the internet-of-things (IoT) and autonomous systems, the increasing need for automation and digitization in various industries such as manufacturing, automotive, healthcare, consumer electronics, and infrastructure, and businesses' growing focus on automating processes.
Based on end-user, the global micro-electro-mechanical system (MEMS) market is segmented into aerospace & defense, automotive, consumer electronics & appliances, biotechnology, energy, healthcare, and other end-users. In 2025, the consumer electronics & appliances segment is expected to account for the largest share of over 45.0% of the global micro-electro-mechanical system (MEMS) market. The segment’s large share is mainly attributed to factors such as the increasing adoption of smart home technologies, advancements in component design technology and fabrication processes, and increased demand for consumer electronics devices such as laptops, smartphones, and air conditioners.
However, the healthcare segment is expected to record the highest CAGR during the forecast period. This segment's growth is mainly driven by the growing adoption of MEMS devices to facilitate telemedicine and remote medical examinations, the increasing development of medical devices, and the increasing demand for and innovation in MEMS devices in the medical industry.
Based on geography, the micro-electro-mechanical system (MEMS) market is segmented into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. In 2025, Asia-Pacific is expected to account for the largest share of over 43.0% of the global micro-electro-mechanical system (MEMS) market. The large market share of this segment is attributed to factors such as growing investment across industries for digital transformation, growing adoption of automation systems by manufacturers, and growing smart city projects.
Moreover, the Asia-Pacific region is projected to register the highest CAGR of over 10% during the forecast period. This region's growth is mainly driven by rising industrialization, a growing focus on infrastructure development, growing spending on smart technologies due to growing disposable income, and increased adoption of advanced technology such as IoT and automation across industries.
Key Players:
Some of the key players operating in the micro-electro-mechanical system (MEMS) market are Analog Devices, Inc. (U.S.), MinebeaMitsumi, Inc. (Japan), STMicroelectronics N.V. (Switzerland), Mouser Electronics, Inc. (U.S.), Texas Instruments Incorporated (U.S.), Infineon Technologies AG (Germany), NXP Semiconductors N.V. (Netherlands), First Sensor AG (Germany), TDK Corporation (Japan), FLUSSO Limited (U.K.), Melexis N.V. (Belgium), Teledyne Technologies Incorporated (U.S.), Amphenol Advanced Sensors (U.S.), AAC Technologies (China) and Robert Bosch GmbH (Germany).
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Key questions answered in the report-
· Which are the high-growth market segments based on component and end-user?
· What was the historical market for micro-electro-mechanical systems (MEMS)?
· What are the market forecasts and estimates for the period 2025–2032?
· What are the major drivers, restraints, and opportunities in the micro-electro-mechanical system (MEMS) market?
· Who are the major players, and what shares do they hold in the micro-electro-mechanical system (MEMS) market?
· How is the competitive landscape in the micro-electro-mechanical system (MEMS) market?
· What are the recent developments in the micro-electro-mechanical system (MEMS) market?
· What are the different strategies adopted by the major players in the micro-electro-mechanical system (MEMS) market?
· What are the key geographic trends, and which are the high-growth countries?
· Who are the local emerging players in the global micro-electro-mechanical system (MEMS) market, and how do they compete with the other players?
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#MEMS#MicroElectroMechanicalSystems#MarketGrowth#IoT#Miniaturization#Sensors#ConsumerElectronics#Automotive#Healthcare#TechTrends#IndustryForecast
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Panasonic: Grid EYE Wide Angle Type Sensor
https://www.futureelectronics.com/resources/featured-products/panasonic-grid-eye-infrared-array-sensor . Panasonic announces the latest Grid-EYE Wide Angle Type Infrared Array Sensor. A built-in lens includes an improved 90-degree viewing angle and features a compact SMD design using MEMS thermopile technology. https://youtu.be/oD2oQUHT6QU
#Panasonic#Grid EYE#Sensor#Wide Angle#Sensors#Infrared#Array Sensor#90-Degree Grid-EYE Sensor#compact SMD#MEMS thermopile#Panasonic Angle Sensor#Panasonic Grid EYE Wide Angle Sensor#Youtube
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