Market Trends of MEMS Industry
Consumer Electronics Application Segment is Expected to Hold Significant Market Share
- 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 106percent 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.
Understand The Key Trends Shaping This Market
Download Sample
Asia Pacific is Expected to Hold Significant Market Share
- 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 40percent 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.
Get Analysis on Important Geographic Markets
Download Sample
