Combo sensors are headed for another major growth spurt this year in the global microelectromechanical systems (MEMS) sensor market as revenue climbs an expansive 37% after two years of already phenomenal increases, according to new analysis from IHS Technology.
Global revenue for combo sensors in consumer and mobile applications will reach a projected $608.2 million this year, up from $443.0 million in 2013. This year’s projected growth of nearly 40% continues the market’s rapid ascent, including an outsized 417 percent rise in revenue for 2012, and a near-doubling of the market after that when industry takings surged another 94% in 2013. By 2017, combo sensor revenue will cross the billion-dollar threshold and bring in $1.03 billion, as shown in the attached figure, equivalent to a four-year compound annual growth rate (CAGR) from 2013 of 23%.
Combo sensors are MEMS packages that mix together accelerometers, gyroscopes, magnetometers and pressure sensors, as opposed to these devices being implemented as discrete, separate items for their intended applications. In 2011 combo sensors accounted for only 3% of total revenue for MEMS motion sensors, but their share of the market has been rising steadily since then--up to 13% in 2012, to 25% last year, to an anticipated 33% by year-end in 2014, and to past the 50% mark by 2016 according to projections.