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 wi...