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Date: 18-10-16

IoT and automotive are future big market drivers for sensors

Market researcher Yole Développement has predicted the significant opportunity coming up for MEMS and other Sensors in the autonomous cars and IoT. Yole Développement says, the opportunity in the Smartphone market and such consumer appliances is more or less, a lesser opportunity. In smart phones there is still 3D Camera opportunity where 3D cameras are integrated to phones to drive some amount of market for sensors in Smartphones.

Yole Développement says, the Golden Era of Smartphone market is over but still there is some amount of growth still left for MEMS and Sensors in the Smartphone market. Yole Développement predicts the sensor industry for tablet is expected to increase at 9.5% compound annual growth rate (CAGR) from 2015 to 2021. The market was worth US$12 billion in 2015 and is expected to reach US$21 billion by 2021, according to Yole.

The Samsung Galaxy Note 7 has not really created any new market for Samsung due to the issues related to its batteries. And also iPhone7s not able to create end-demand like its predecessors such as iPhone6, and iPhone5.

The major opportunity in the Smartphone market is in the optical hub for MEMS and Sensors. The optical hub is most promising according to Yole Développement. Yole Développement finds optical developments to represent a US$9.5 billion market value in 2015. By 20120, it is expected to reach US$17.6 billion with an impressive growth10.9% CAGR.

“At Yole, we believe 3D cameras will be a game-changer in the smartphone industry in coming months and years,” explains Guillaume Girardin from Yole. “3D cameras are low-cost sensors that can enable the growth of a long list of applications”.

Well if this is about a consumer market, what really drive MEMS and Sensors is in the automotive driver assistance systems. The sensors such as Ultra sonic sensors and radar sensors, multiple cameras image sensors are going to be embedded in high end vehicles to support automotive driver assistance systems. The other sensors include long range cameras, lidar, micro-bolometers and accurate dead reckoning. Yole expects US$ 2.6 billion market value in 2015 for sensors in autonomous cars and predicts a total market of US$36 billion by 2030, at a growth rate of 19% CAGR during that period.

Yole sees there are about 17 embedded sensors in most advanced cars. And these number of sensors to move from 17 to 29 by 2030. That’s a significant growth.

In its latest report, Yole Développement has highlighted the imaging technologies that are mainly in cameras exploding into the automotive space and is set to grow at 20% CAGR to reach US$7.3 billion in 2021. Yole is also bullish about the market opportunity for MEMS and Sensors in the IoT.

“The Industry has been targeting the Internet of Things (IoT). At InvenSense, we believe that the IoT is primarily about sensing, so it is really the Internet of Sensors. We believe that every device out there is going to have a multitude of sensors,” says Eitan Medina, Vice President of product management and marketing at InvenSense. “We’re excited to have Yole come and speak about the future of sensing to our developers, ecosystem partners and customers at our 5th annual InvenSense Developer Conference.”

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