The global MEMS sensor market is set to reach a valuation of US$ 50 Bn through the end of 2027, as per the recent market intelligence study of Fact.MR. Businesses in the MEMS (micro-electromechanical system) sensor market are increasingly pushing for widening the scope of application for MEMS sensors to boost their portfolios that cater to evolving consumer requirements.
“With concerns over cost-intensive sensors for industrial applications, smaller and more efficient MEMS sensors are being sold in billions, enabling smart industry applications. In addition, the development of new technologies and products will also encourage growth,” says the Fact.MR report.
mems sensor market analysis by region application
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MEMS Sensor Market: Key Findings