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Showing posts with the label MEMS Sensors

BioMEMS Devices Global Market to Grow Robustly to Reach $14.4 billion by 2022, Owing to Pharma & Bio Research Applications

Industry Experts introduced the new market report on BioMEMS Devices. As per the new report titled ‘ BioMEMS Devices – A Global Market Overview ’, the Pharmaceutical & Biological Research applications of BioMEMS devices is expected to emerge the largest application segment by 2020 with US$3.7 billion surpassing the In Vitro Diagnostic applications segment which stands at US$3.5 billion in the same year. The leading application segment is further projected to grow by a 2016-2022 CAGR of 31% to touch US$6.3 billion by 2022. BioMEMS devices deployed in hospitals and healthcare facilities are primarily focused on medical screening and diagnostic applications, such as devices that measure point-of-care parameters. Wearable devices that facilitate and assure continuous monitoring without hampering a user’s freedom of movement are being bolstered through new opportunities offered by innovative sensors for human biomedical signal acquisition coupled with wireless c...

Automotive Sensors Global Market to Reach $30 billion by 2020 while MEMS accounts 15%

Industry Experts has today released the new market report on Automotive Sensors . With a special focus on MEMS sensors market , the report reveals that the global market for automotive sensors is projected to reach just over US$30 billion by 2020 while MEMS accounts for 15% of the total market in the same year. Automotive Sensors are vital components of automotive electronic systems, as modern vehicles rely on these electronic systems to make sure vehicles meet efficiency and security standards as well as environmental regulations. Driven by government regulations of safety and emissions, introduction of high-end options in modern vehicles by major automobile manufacturers and consumer demand for safety, comfort, infotainment applications and fuel efficiency, automotive electronics content per vehicle is on the rise. As the electronics content is increasing in automobiles, the number of automotive sensors used in vehicles is also increasing. Primarily, the government regulations in...