InvenSense to Ship Over 1 Billion MEMS Sensors Worldwide
InvenSense, Inc, a provider of intelligent sensor solutions, has announced that since starting shipment of MEMS-based sensors in late 2006, it will reach 1 billion devices shipped in Q1 of calendar 2015. InvenSense additionally announced that, since being the world's first manufacturer of a single chip 6-axis product family for the mobile, wearable, smart home, automotive, and industrial markets, will now surpass over five hundred million units shipped worldwide in Q1 CY15.
The market demand for "˜AlwaysOn' sensing in consumer electronics has been growing at a rapid pace with the proliferation of premium smart phones. Yole Développement forecasts the MEMS Sensors industry is primed to grow from an estimated $13B in 2014, to $24B by 2019. InvenSense has a history of innovation, a strong patent portfolio, and has achieved numerous technological firsts, culminating in receiving its fourth prestigious award from the Global Semiconductor Alliance (GSA) for the third consecutive year. Additionally, InvenSense was again ranked among the fastest growing semiconductor companies in Deloitte's 2014 Technology Fast 500 List of Fastest Growing Companies in North America and market watcher IHS iSuppli named InvenSense one of "the top suppliers of motion sensors today."
"Opportunities for InvenSense's technology in imaging, motion, sound, and navigation continue to be strong," said Behrooz Abdi, CEO and President, InvenSense, Inc. "We are pleased with the number of new customer products featuring InvenSense's integrated 6-axis System on Chips (SoCs) including the strong and growing adoption into the Internet of Things (IoT) market, and we're encouraged by the continuing validation of our Sensing Everything strategy."
