MEMS Market Size
| Study Period: | 2018 - 2028 |
| Fastest Growing Market: | Asia Pacific |
| Largest Market: | Asia Pacific |
| CAGR: | 8.43 % |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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MEMS Market Analysis
The MEMS Market size was valued at USD 14,695.70 million in 2022, and is expected to reach USD 23,234.10 million by 2028, growing at a CAGR of 8.43% during the forecast period (2023-2028).
The MEMS sector is witnessing rapid growth due to the increasing demand for MEMS in multiple applications, from automotive to consumer electronics.
- The market numbers stated in the study indicate MEMS in terms of the revenue accrued by products offered in the market by the vendors, sold across different geographical regions, based on their type and applications.
- With emerging applications and business models, IoT has an enormous requirement for tiny and low-cost sensors that can monitor all aspects of production. These sensors will likely communicate the information to other nodes in the factory network. They are expected to operate reliably in harsh conditions of the electrical and mechanical environment.
- MEMS plays a key role in the field of automation. The MEMS technology offers sensitivity, reliability, scalability, and a cost-effective design. This provides more opportunities in the field of automation. The industry relies on these technologies for higher throughput and production rates in less time. MEMS accelerometers and gyroscopes are ideal for use in various industrial automation applications. With their minute size, high reliability, and low power credentials, MEMS sensors can play a vital role in virtually any piece of industrial automation machinery.
- MEMS devices vary from a relatively simple structure to extremely complex ones, i.e., multiple moving elements under the control of integrated microelectronics. Hence, the market faces various challenges during the complex manufacturing process.
- The usage of MEMS in the chip industry has witnessed immense growth as technology companies around the world accelerated innovation in the fight against the COVID-19 pandemic. The need for tiny devices drives advancements in electronics, ranging from thermal imaging and faster point-of-care testing to microfluidics-based polymerase chain reaction (PCR) tools and techniques to detect SARS-CoV-2.
MEMS Industry Segmentation
Micro-electromechanical systems (MEMS) technology is defined as the miniaturization of mechanical and electromechanical elements, such as devices and structures, manufactured and fabricated using microfabrication techniques. The types of MEMS devices vary from relatively simple structures with no moving elements to structures with multiple moving elements under the control of integrated microelectronics.
The study analyzes the market for MEMS in terms of the revenue accrued by the products offered in the market by the vendors. The study also covers the activities of major players in the market, along with their current strategies and recent developments. The impact of COVID-19 is also part of the study.
The MEMS market is segmented by type (RF MEMS, oscillators, microfluidics, environmental MEMS, optical MEMS, MEMS microphones, inertial MEMS, pressure MEMS, thermopiles, microbolometers, inkjet heads, accelerometers, and gyroscopes), by application (automotive, healthcare, industrial, consumer electronics, telecom, aerospace, and defense), and by geography (North America, Europe, Asia-Pacific, Latin America, the Middle East, and Africa). The report offers the value (in USD million) for the above segments. The market sizes and forecasts are provided in terms of value in USD million for all the segments.
| By Type | |
| RF MEMS | |
| Oscillators | |
| Microfluidics | |
| Environmental MEMS | |
| Optical MEMS | |
| MEMS Microphones | |
| Inertial MEMS | |
| Pressure MEMS | |
| Thermophiles | |
| Microbolometers | |
| Inkjet Heads | |
| Accelerometers | |
| Gyroscopes | |
| Other Types |
| By Application | |
| Automotive | |
| Healthcare | |
| Industrial | |
| Consumer Electronics | |
| Telecom | |
| Aerospace and Defense |
| By Geography | |
| North America | |
| Europe | |
| Asia-Pacific | |
| Latin America | |
| Middle East and Africa |
MEMS Market Trends
Consumer Electronics to Witness Significant Growth
- MEMS technology has improved several crucial communication and medical biotechnology applications, but its use in consumer electronics holds great promise for future advancements. MEMS has ingrained itself into people's daily lives by appearing in various products, from smartphones to other consumer goods.
- MEMS is widely used in smartphones, wearable devices, and other electronic devices due to its improved electrical performance at high frequencies. As the consumer electronics sector shifts its attention away from conventional sensors and toward MEMS technology, the market is anticipated to grow in popularity. As the main technology driver for MEMS, consumer electronics, driven by smartphones, gradually replaced automotive applications.
- Accelerometers and gyroscopes are two of the most well-known MEMS (micro-electro-mechanical systems) applications found in smartphones. The proliferation of multiple chips for various sensor and actuator applications in smartphones is one of the main drivers of the MEMS market's explosive growth. During the forecast period, MEMS for mobile devices is anticipated to expand significantly due to rising smartphone sales and business opportunities.
- For instance, global mobile subscription penetration was 106% by Q4 2022, according to the Ericsson Mobility report for the fourth quarter of 2022. With a net addition of 39 million subscriptions during the quarter, the total number of mobile subscriptions surpassed 8.4 billion in Q4 2022. Such developments are anticipated to increase demand for MEMS devices and provide vendors with various business opportunities to increase their market share and meet the demand for MEMS in smartphones.
- Smartphones use optical image stabilization (OIS) and electronic image stabilization (EIS), enabled by MEMS sensors. During the forecast period, these broad features and innovative functions will likely augment the demand for MEMS sensors, especially for use in smart mobile devices.
- The advancement and evolution of technologies like optical image stabilization, projection displays, fingerprint technology, and others have significantly influenced the designs of MEMS sensors. Technology trends, consumer preferences, and other factors are significant in shaping developments in the electronics industry for consumer electronics and smart devices. These patterns are driving the demand for MEMS sensor miniaturization.
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Asia Pacific to Dominate the Market
- Asia-Pacific is likely to dominate the MEMS market. The micro-electro-mechanical system (MEMS) market is expanding due to the presence of major consumer electronics manufacturers in this area. The market is anticipated to be driven by increasing smartphone penetration, 5G penetration, and advancements across numerous end-user industries.
- China, South Korea, Japan, and India, among others, are major Asian-Pacific countries. Asia-Pacific is a massive marketplace for MEMS sensor technologies. The area dominates many manufacturing subsectors of other end-user industries and the global semiconductor manufacturing sector. Nations like China are supplying low-cost goods to the market.
- For instance, many Chinese MEMS sensor firms, including MEMSIC Semiconductor, Senodia Technologies, and others, are investing heavily in the Internet of Things (IoT). The Chinese government views its automotive industry, including the auto parts sector, as one of its most prominent industries. The Central Government expects China's automobile output to reach 35 million units by 2025. This is intended to make the automotive sector one of the most prominent uses of MEMS sensors in China. China recently instructed automakers to sell 40% more electric vehicles (EVs) than conventional vehicles by 2030. As a result of these advancements in the automotive industry, MEMS technology will become increasingly in demand.
- In the Chinese automotive market, pressure MEMS are expected to continue to grow due to the evolution towards increased autonomy levels that demand enhanced safety and greener driving. China 6 regulations are expected to boost various applications like diesel particulate filters and particulate gasoline filters, evaporative emissions control systems, exhaust gas recirculation, and tire pressure monitoring systems.
- Moreover, due to advancements in the healthcare sector, the Asia-Pacific region is anticipated to grow significantly during the forecast period. Government programs and policies supporting the markets for healthcare equipment and devices, increasing investments in research and innovation facilities, and other factors contribute to this growth.
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MEMS Industry Overview
The market is relatively consolidated, and vendors increasingly spend on R&D to gain technological capabilities and a competitive edge over other enterprises. The vendors in the market are competing on technology and quality but not on price. Broadcom Inc., Robert Bosch GmBH, STMicroelectronics NV, Texas Instruments Inc., and Qorvo Inc. are major players in the market.
In March 2023, STMicroelectronics launched its first AI-enhanced smart accelerometers, a pair of MEMS-based sensors packing finite state machine (FMC) and machine learning core (MLC) hardware for on-device tinyML workloads. Based on STMicro's third-generation MEMS sensor platform, the new LIS2DUX12 and LIS2DUXS12 accelerometers aim to offload machine learning and artificial intelligence tasks from a host processor directly on-sensor.
In October 2022, Robert Bosch GMBH launched its new product, BMI323, a six-axis accelerometer and gyroscope suitable for motion-triggered applications in consumer goods. The BMI323 would be the first IMU device by Bosch Sensortec to include the I3C interface in addition to the I2C and SPI interfaces.
MEMS Market Leaders
Broadcom Inc.
Robert Bosch GmBH
STMicroelectronics NV
Texas Instruments Inc.
Qorvo Inc.
*Disclaimer: Major Players sorted in no particular order
MEMS Market News
- February 2023: Infineon launched its new tiny MEMS microphone touting high SNR, the 520 APower, as a part of its XENSIV MEMS microphone product family.
- January 2023: Knowles Corporation launched its latest series of SiSonicMEMS microphones: Titan (digital), Falcon (differential analog), and Robin (single-ended analog). The new trio of microphones provides advanced performance capabilities for space-constrained ear and wearable applications like True Wireless Stereo (TWS) earbuds, smart watches, augmented reality (AR) glasses, and virtual reality (VR) headsets.
- January 2023: Texas Instruments and TDK announced a strategic partnership on the development of the new i3 Micro Module, the first sensor module in the world with integrated edge AI and wireless mesh connectivity. The new module also combines edge AI, mesh network functionality, TDK's IIM-42352 high-performance SmartIndustrialTMMEMS accelerometer, and a digital output temperature sensor, all of which facilitate data aggregation, integration, and processing.
MEMS Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Assumptions and Market Definition
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET INSIGHTS
4.1 Market Overview
4.2 Industry Attractiveness - Porter's Five Forces Analysis
4.2.1 Bargaining Power of Suppliers
4.2.2 Bargaining Power of Buyers
4.2.3 Threat of New Entrants
4.2.4 Threat of Substitute Products
4.2.5 Intensity of Competitive Rivalry
4.3 Industry Value Chain Analysis
4.4 Impact of COVID-19 on the Market
5. MARKET DYNAMICS
5.1 Market Drivers
5.1.1 Increasing Popularity of IoT in Semiconductors
5.1.2 Increasing Demand for Smart Consumer Electronics
5.1.3 Increasing Adoption of Automation in Industries and Homes
5.2 Market Challenges/ Restraints
5.2.1 Highly Complex Manufacturing Process and Demanding Cycle Time
5.2.2 Lack of Standardized Fabrication Process for MEMS
6. MARKET SEGMENTATION
6.1 By Type
6.1.1 RF MEMS
6.1.2 Oscillators
6.1.3 Microfluidics
6.1.4 Environmental MEMS
6.1.5 Optical MEMS
6.1.6 MEMS Microphones
6.1.7 Inertial MEMS
6.1.8 Pressure MEMS
6.1.9 Thermophiles
6.1.10 Microbolometers
6.1.11 Inkjet Heads
6.1.12 Accelerometers
6.1.13 Gyroscopes
6.1.14 Other Types
6.2 By Application
6.2.1 Automotive
6.2.2 Healthcare
6.2.3 Industrial
6.2.4 Consumer Electronics
6.2.5 Telecom
6.2.6 Aerospace and Defense
6.3 By Geography
6.3.1 North America
6.3.2 Europe
6.3.3 Asia-Pacific
6.3.4 Latin America
6.3.5 Middle East and Africa
7. COMPETITIVE LANDSCAPE
7.1 Relative Positioning
7.1.1 Relative Positioning of MEMS Vendors
7.1.2 Relative Positioning of MEMS Foundries
7.2 Company Profiles*
7.2.1 Broadcom Inc.
7.2.2 Robert Bosch GmBH
7.2.3 STMicroelectronics NV
7.2.4 Texas Instruments Inc.
7.2.5 Qorvo Inc.
7.2.6 Infineon Technologies AG
7.2.7 Knowles Electronics LLC (Knowles Corporation)
7.2.8 TDK Corporation
7.2.9 NXP Semiconductors NV
7.2.10 Panasonic Corporation
7.2.11 GoerTek Inc.
8. INVESTMENT ANALYSIS
9. FUTURE OF THE MARKET
MEMS Market Research FAQs
What is the study period of this market?
The MEMS Market is studied from 2018 - 2028.
What is the growth rate of MEMS Market?
The MEMS Market is growing at a CAGR of 8.43% over the next 5 years.
What is MEMS Market size?
The MEMS Market is expected to reach USD 21,275.47 Million in 2023 and grow at a CAGR of 8.43% to reach USD 23234.1 Million by 2028.
Which region has highest growth rate in MEMS Market?
Asia Pacific is growing at the highest CAGR over 2018 - 2028.
Which region has largest share in MEMS Market?
Asia Pacific holds highest share in 2022.
Who are the key players in MEMS Market?
Broadcom Inc., Robert Bosch GmBH, STMicroelectronics NV, Texas Instruments Inc., Qorvo Inc. are the major companies operating in MEMS Market.
MEMS Industry Report
Statistics for the 2023 MEMS market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. MEMS analysis includes a market forecast outlook to for 2023 to 2028) and historical overview. Get a sample of this industry analysis as a free report PDF download.
MEMS Report Snapshots
