Mems For Mobile Devices Market - Growth, Trends, Covid-19 Impact, And Forecasts (2023 - 2028)
The MEMS for mobile devices market is poised to register a CAGR of 8.8% over the forecast period. With an increase in demand for accelerometers and gyroscopes in smartphones, the MEMS for mobile devices market is expected to grow significantly during the forecast period. For instance, in 2022, the total number of mobile subscriptions globally is expected to reach around 8.4 billion. It is poised to increase further, according to Ericsson forecasts.
Key HighlightsThe MEMS market is riddled with large-scale vendors that are capable of both backward and forward integration and command significant revenue generation capabilities. The level of competition in the market is moderately high, and it is likely to get worse in the years to come.
In October 2022, Bosch Sensortec announced its first IMU device, the BMI323, to include the I3C interface and the I2C and SPI interfaces. The BMI323 is a six-axis accelerometer and gyroscope designed for motion-sensitive applications in consumer goods. The BMI323 has a current consumption of 790 A in high-performance mode, using both the gyroscope and the accelerometer, compared to 925 A on the BMI160, representing a nearly 15% reduction.
In May 2022, Analog Devices, Inc. (ADI) released a three-axis MEMS accelerometer. The ADXL367 accelerometer reduces power consumption twice compared to the previous generation (ADXL362) while improving noise performance by up to 30%. The new accelerometer also has a longer field time, which increases battery life while decreasing maintenance frequency and cost.
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