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Worldwide Micro-Electro-Mechanical Systems (MEMs) Sensors Market 2018-2024: Total Value is $12.5 Billion in 2017, Up from $10.35 Billion in 2016, and Will Grow to $58.7 Billion in 2024DUBLIN, Dec. 14, 2017 /PRNewswire/ -- The "Micro-Electro-Mechanical Systems (MEMs) Sensors: Market Shares, Strategies, and Forecasts, Worldwide 2018 - 2024" report from Wintergreen Research, Inc has been added to Research and Markets' offering. The new study MEMs Sensors: Market Shares, Strategy, and Forecasts, Worldwide 2018 - 2024 has 312 pages, 135 tables and figures. The leading vendors in the MEMs sensor have invested in high-quality technology and processes to develop leading edge monitoring and digital triggering activation capability. MEMS accelerometers are replacing traditional electro-mechanical accelerometers because they offer tactical grade performance. They povide the functionality required to measure motion in three-dimensional space. Digital signal processors calibrates the sensors during runtime. They intelligently convert raw sensor data from multiple sensors. The output from MEMs sensors creates application-specific data. The total value of the MEMs sensor market is $12.5 billion in 2017, up from $10.35 billion in 2016. Markets grow to $58.7 billion in 2024. Growth is a result of the implementation of the digital economy, IoT, robots, drones, self-driving cars, and artificial intelligence. The digital economy rides on the back of MEMs sensors. This is the new world aspect, everything is monitored and activated digitally. MEMs organic volume growth has been relatively slow as existing motion sensor and traditional end-product markets achieve market saturation. There are new and growing opporunities, including the newer IoT applications that are in the early adopter phase. IoT sensors have yet to gain significant market traction but they will, once units are proven in real life situations of the digital economy, self-driving cars, drones, traffic lights, and smart things. As a significant market does take root, MEMs sensors face the challenge of generating profit above costs. The companies keep prices low to buy customers and spur demand. MEMs vendors seek to be in businesses where there are millions and billions of units. MEMs Sensors Market Driving Forces
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Key Topics Covered: 1. MEMs Sensors: Market Description and Market Dynamics For more information about this report visit https://www.researchandmarkets.com/research/jzt3tw/worldwide?w=5 Media Contact: Laura Wood, Senior Manager |