MEMS Market Size (2024 - 2029)

The market size of the MEMS sector is set to expand substantially in the coming years, driven by increasing demand for MEMS in various applications, including automotive and consumer electronics. The growth of the MEMS market is being propelled by industrial automation and the requirement for miniaturized consumer devices like wearables and IoT-connected devices. The rising demand for IoT devices globally is boosting the adoption rate of MEMS in these devices, which benefits from the trend of miniaturization. However, the market is facing challenges in product production and the lack of a standardized fabrication process. Despite these challenges, the continuous sensorization of consumer and automotive applications, advances in the medical and industrial end markets, and the increased need for remote patient monitoring due to COVID-19 are contributing to the market's growth.

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Market Size of MEMS Industry

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MEMS Market Summary
Study Period 2019 - 2029
Market Size (2024) USD 16.81 Billion
Market Size (2029) USD 25.19 Billion
CAGR (2024 - 2029) 8.43 %
Fastest Growing Market Asia Pacific
Largest Market Asia Pacific

Major Players

MEMS Market Major players

*Disclaimer: Major Players sorted in no particular order

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Micro-Electro-Mechanical System Market Analysis

The MEMS Market size is estimated at USD 16.81 billion in 2024, and is expected to reach USD 25.19 billion by 2029, growing at a CAGR of 8.43% during the forecast period (2024-2029).

The MEMS sector is witnessing rapid growth due to the increasing demand for MEMS in multiple applications, from automotive to consumer electronics.

  • Microelectromechanical system (MEMS) sensors have gained significant traction over recent years due to advantages such as accuracy, reliability, and the scope for making smaller electronic devices. Among the significant factors driving the MEMS market are industrial automation and the demand for miniaturized consumer devices, such as wearables and IoT-connected devices.
  • The increasing demand for IoT devices worldwide is spearheading the adoption rate of MEMS in these devices; when coupled with the miniaturization trend, the connected devices benefit as well. According to Cisco Systems, the number of connected is expected to reach 1,105 million by 2022, thus driving the market.
  • Further, industrial demand for IoT is expected to eclipse the demand for consumer-connected devices over the coming years, with the sheer number of connected devices required and adoption in the industrial space on the rise. By 2025, industrial-connected devices are expected to be more in number than consumer-connected devices, according to GSMA. At CES 2021, TDK Corp. announced the availability of its range of MEMS platforms and sensors for industrial applications.
  • However, the market faces challenges in product production and a lack of a standardized fabrication process. Considering the sensor interface design used in the automotive industry, the MEMS produces capacitance changes of tiny magnitudes. This must be addressed with precision and accuracy, increasing the lead time to manufacture the products and slightly offsetting the market's growth.
  • Continuous sensorization of both consumer and automotive applications and advances in the medical and industrial end markets and associated applications are important factors contributing to the market growth. Owing to the unprecedented demand for MEMS sensors, many MEMS players are currently investing in new production fabs. For instance, Bosch announced plans to invest more than EUR 400 million (USD 426.07 million) in 2022 in expanding its wafer fabs in Dresden and Reutlingen, Germany, and its semiconductor operations in Penang, Malaysia. As part of the investment, a total of more than 4,000 square meters will be added to the current 35,000 square meters of clean-room space in Reutlingen, in two stages. The first stage, which involved adding 1,000 square meters of production area for 200-millimeter wafers to bring the total to 11,500 square meters, has already been completed.
  • In additoin to this, COVID-19 has also accelerated the pace towards a more patient-centric approach and increased the need for remote patient monitoring, including telehealth, point-of-care devices, and wearables. There is a growing demand for wearables owing to their ability to track peoples’ temperature and blood pressure. This trend has created new opportunities in the wearables market, as well as for integrated MEMS sensors, such as pressure, inertial, microphones, thermopiles, etc.

Micro-Electro-Mechanical System 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 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 market sizes and forecasts are provided in terms of value in USD 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 Size Summary

The Micro-Electro-Mechanical System (MEMS) market is experiencing substantial growth, driven by the rising demand for MEMS in various applications, ranging from automotive to consumer electronics. MEMS sensors have become increasingly popular due to their accuracy, reliability, and ability to facilitate the creation of smaller electronic devices. Factors such as industrial automation and the demand for miniaturized consumer devices like wearables and IoT-connected devices are fueling the market's expansion. Moreover, the growing demand for IoT devices worldwide is promoting the adoption of MEMS in these devices. However, the market faces challenges in product production and the lack of a standardized fabrication process. The application of MEMS technology in consumer electronics promises significant future advancements. MEMS are extensively used in smartphones, wearable devices, and other electronic devices due to their enhanced electrical performance at high frequencies. As the consumer electronics sector shifts its focus from conventional sensors to MEMS technology, the market is expected to grow. The proliferation of multiple chips for various sensor and actuator applications in smartphones is one of the key drivers of the MEMS market's growth. Additionally, advancements in technologies like optical image stabilization, projection displays, and fingerprint technology have significantly influenced the designs of MEMS sensors.

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MEMS Market Size - Table of Contents

  1. 1. MARKET INSIGHTS

    1. 1.1 Market Overview

    2. 1.2 Industry Attractiveness - Porter's Five Forces Analysis

      1. 1.2.1 Bargaining Power of Suppliers

      2. 1.2.2 Bargaining Power of Buyers

      3. 1.2.3 Threat of New Entrants

      4. 1.2.4 Threat of Substitute Products

      5. 1.2.5 Intensity of Competitive Rivalry

    3. 1.3 Industry Value Chain Analysis

    4. 1.4 Impact of COVID-19 on the Market

  2. 2. MARKET SEGMENTATION

    1. 2.1 By Type

      1. 2.1.1 RF MEMS

      2. 2.1.2 Oscillators

      3. 2.1.3 Microfluidics

      4. 2.1.4 Environmental MEMS

      5. 2.1.5 Optical MEMS

      6. 2.1.6 MEMS Microphones

      7. 2.1.7 Inertial MEMS

      8. 2.1.8 Pressure MEMS

      9. 2.1.9 Thermophiles

      10. 2.1.10 Microbolometers

      11. 2.1.11 Inkjet Heads

      12. 2.1.12 Accelerometers

      13. 2.1.13 Gyroscopes

      14. 2.1.14 Other Types

    2. 2.2 By Application

      1. 2.2.1 Automotive

      2. 2.2.2 Healthcare

      3. 2.2.3 Industrial

      4. 2.2.4 Consumer Electronics

      5. 2.2.5 Telecom

      6. 2.2.6 Aerospace and Defense

    3. 2.3 By Geography

      1. 2.3.1 North America

      2. 2.3.2 Europe

      3. 2.3.3 Asia-Pacific

      4. 2.3.4 Latin America

      5. 2.3.5 Middle East and Africa

MEMS Market Size FAQs

The MEMS Market size is expected to reach USD 16.81 billion in 2024 and grow at a CAGR of 8.43% to reach USD 25.19 billion by 2029.

In 2024, the MEMS Market size is expected to reach USD 16.81 billion.

MEMS Market Size - Industry Report on Share, Growth Trends & Forecasts Analysis (2024 - 2029)