A recent report by IC Insights predicts that the global sensor market will reach $9.3 billion in 2018, with MEMS sensor sales accounting for 73%. At the same time, in terms of shipments, MEMS sensors accounted for approximately 47% of total global shipments.

It is worth noting that sales of MEMS sensors have been growing steadily over the past few years. Data show that in 2016, MEMS sensor sales were $5.2 billion; in 2017, it increased by 17% to $6.1 billion; IC Insights expects MEMS sensor sales to increase by 10% to $6.8 billion in 2018.

The same is true for shipments. IC Insights expects shipments of MEMS sensors to reach 11.1 billion in 2018, up 19% from 2016.

In addition, IC Insights also pointed out that in 2018, MEMS actuators will also bring in additional sales of $5.9 billion. It is understood that the main function of these actuators is to translate or start the operation through the MEMS sensor.

Overall, sales of MEMS sensors and actuators are expected to reach $12.7 billion in 2018, up 10% year-on-year, maintaining growth in recent years. In 2017, it increased by 18% year-on-year, and in 2016 it increased by 15%.

On the other hand, in terms of shipments, total shipments of MEMS sensors and actuators are expected to reach 13.1 billion units, a growth rate of less than 12% compared to 2017, which is lower than the 20% growth rate in 2017. , higher than 11% in 2016.

According to the report, the total revenue of MEMS sensors and actuators reached US$17.8 billion in 2018, and the compound annual growth rate (between 2017 and 2022) is expected to be 9.2%. In terms of shipments, global shipments of MEMS sensors and actuators are expected to reach 20.2 billion units, with a compound annual growth rate (for the period 2017-2022) of 11.4%.

In addition, one of the biggest changes in IC Insights' forecast for the next five years is that the average selling price of MEMS sensors has become more stable, and the price decline has been significantly lower than in the past decade.

According to IC Insights, the average selling price of MEMS sensors and actuators will decline at a compound annual growth rate of -2.0% in the five years from 2017 to 2022, while the compound annual growth rate during the period 2012-2017 is -4.7%. It can be said that the downward trend of MEMS sensor prices will slow down in the next five years.

The data shows that the average selling price of MEMS sensors is estimated at $0.88 in 2022, which is $0.97 in 2017, $1.24 in 2012, and $2.57 in 2007.

According to IC Insights, the reason for the stable price of MEMS sensors is that MEMS sensors and actuators are expanding into more "smart" applications such as the Internet of Things and artificial intelligence. These emerging applications help stabilize the sale of MEMS products. price.

IC Insights also emphasizes that in the future, MEMS sensors and actuators will become more and more specialized for specific applications, and these specific applications will be the fortune of MEMS products!

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