Global MEMS Market Size, Share, and COVID-19 Impact Analysis, By Sensor Type (Inertial Sensors, Pressure Sensors, Gyroscope, Gas Sensors, Environmental Sensors, Optical Sensors, Others), By Actuator Type (Optical MEMS, Microfluidic & Biochip, Inkjet Systems, RF MEMS, Others), By End-Users (Automotive, Consumer Electronics, Defense, Aerospace, Industrial, Healthcare, Telecommunication, Others), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2022 – 2032Industry: Semiconductors & Electronics
Global MEMS Market Insights Forecasts to 2032
- The Global MEMS Market Size was valued at USD 28.6 Billion in 2022.
- The Market is growing at a CAGR of 8.4% from 2022 to 2032.
- The Worldwide MEMS Market is expected to reach USD 64.15 Billion by 2032.
- North America is expected to grow the fastest during the forecast period.
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The Global MEMS Market Size is expected to reach USD 64.15 billion by 2032, at a CAGR of 8.4% during the forecast period 2022 to 2032. The rising requirement for MEMS in different markets that includes the electronics industry, automotive, manufacturing, and healthcare is driving the MEMS market. Furthermore, the expanding use of radio-frequency MEMS systems, the rising need for Internet of Things (IoT) devices, and the increasing demands for consumer electronics are important factors driving the MEMS market.
Micro-electromechanical systems (MEMS) are a type of manufacturing process used to manufacture compact interconnected systems or devices that incorporate both electrical and mechanical components. They are made utilizing batch processing integrated circuit (IC) processes and can range in size from a few micrometers to millimeters. These technologies or systems are able to detect, control, and act on the micro-scale while also producing impacts on a larger scale. MEMS, in its most general form, consists of mechanical microstructures, microsensors, microactuators, and microelectronics all mounted on the exact same silicon substrate.
MEMS products, as a newly developed technology, are concentrated on technological-product concepts rather than product-market perspectives. As a result, MEMS technology is likely to find diverse uses in a variety of industry sectors. For example, the MEMS inkjet printer head nozzle that is now widely used evolved from a nozzle originally employed in nuclear fission. Furthermore, silicon is the most common non-semiconductor substrate that is used for MEMS circuits, although studies on fabrication with other non-semiconductor substrate substances such as metallic substances, glasses, quartz, crystalline insulators, ceramics, and polymer compounds are underway. The ability to embed electronic circuits directly onto the substrate is currently the fundamental difficulty with modern MEMS substrate materials, which demonstrates silicon's accomplishment.
The major players in the global MEMS market include TDK Corporation, Analog Devices, Panasonic Corp., NXP Semiconductors, STMicroelectronics, TE Connectivity, Robert Bosch, Texas Instruments, Broadcom, and others. To meet the rising demand for MEMS technologies and increase their presence worldwide across all major domains, the leading companies in the MEMS market used growth tactics such as new product introductions, partnerships, collaborations, and joint ventures.
For instance, On February 2023, TDK Corporation announced the addition of two types of high-performance digital MEMS accelerometer sensors to the Tronics AXO®300 line. AXO®301 Accelerometer and Inclinometer with High Resolution for Railway and Industrial Systems. High-Performance Accelerometer AXO®305 for Land, Marine, and Robotics Applications.
Global MEMS Market Report Coverage
|Market Size in 2022:||USD 28.6 Billion|
|Forecast Period 2022-2032 CAGR:||8.4%|
|2032 Value Projection:||USD 64.15 Billion|
|Historical Data for:||2019-2021|
|No. of Pages:||200|
|Tables, Charts & Figures:||130|
|Segments covered:||By Sensor Type, By Actuator Type, By End-Users, By Region, And COVID-19 Impact Analysis|
|Companies Covered:||Analog Devices, TE Connectivity, Robert Bosch, Texas Instruments, Qorvo Inc., TDK Corporation, Hewlett-Packard Co., Lucent Technologies, Inc. , NXP Semiconductors, Panasonic Corp., Knowles Corp. LLC, Murata Manufacturing Co., Ltd., DENSO CORPORATION, STMicroelectronics, Honeywell International, HP Development Company|
|Pitfalls & Challenges:||COVID-19 Empact, Challenge, Future, Growth, & Analysis|
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MEMS-based switches are projected to replace present-day products while also finding use in emerging fields such as smartphones and consumer electronics gadgets. The radio frequency MEMS is also predicted to substitute the electromechanical relay (EMR), which is slow, bulky, uses higher electrical power, and exhibits a short operating lifespan. Furthermore, in order to fulfill 5G targets for performance, the network framework will need to be significantly denser compared to the current 4G LTE network technology. In comparison to Silicon-on-Insulator (SOI) technology, RF MEMS semiconductors can provide half the loss during insertion via the phase shifter for sub-6 GHz 5G frequencies. As a result, because RF MEMS technology has various advantages over current market technologies, its adoption is expanding rapidly across multiple industries.
Furthermore, the widespread use of smartphones, the expanding portable electronic market, the rising adoption of the Internet of Things (IoT), as well as high demand for robotics and automation significantly contribute to the worldwide expansion of the MEMS market. Additionally, increasing shifts toward self-driving cars, as well as a surge in the widespread use of smart devices and new applications in the healthcare industry, provide significant market potential throughout the research period. In addition, cost-effectiveness, excellent precision, higher efficiency capabilities, and lower utilization of space are only a few of the numerous advantages offered by MEMS products, as a result, the demand for the MEMS market is expected to exponentially throughout the forecast period.
However, the lack of a standardized manufacturing technique for microelectromechanical devices, as well as the integration of sensors in devices, which experiences additional costs and affects device life, are impeding market expansion. This aspect is predicted to impede the expansion of the MEMS market. Furthermore, the high manufacturing and test-related costs coupled with the microelectromechanical system constitute a significant barrier to market growth. The high cost of research and development initiatives for developing new MEMS components is expected to stymie market demand in the foreseeable future.
By End-Users Insights
The consumer electronics segment accounted for the largest revenue share of more than 34.8% over the forecast period.
On the basis of end-users, the global MEMS market is segmented into automotive, consumer electronics, defense, aerospace, industrial, healthcare, telecommunication, and others. Among these, the consumer electronics segment is dominating the market with the largest revenue share of 34.8% over the forecast period. Because of its superior electrical performance at high frequencies, MEMS is frequently employed in wearable gadgets and smartphones. These applications drive MEMS technological advances as the consumer electronics sector shifts its attention from traditional sensors to MEMS technology. These components are mostly found in electronic devices like wearables, smartphones, tablets, laptops, portable navigation devices, portable media players, digital cameras, game consoles, and e-readers. As a result, the increased demand for consumer electronics is propelling the expansion of MEMS market.
By Actuator Type Insights
The optical MEMS segment is witnessing significant CAGR growth over the forecast period.
On the basis of actuator type, the global MEMS market is segmented into optical MEMS, microfluidic & biochip, inkjet systems, RF MEMS, and Others. Among these, the optical MEMS segment is witnessing significant CAGR growth over the forecast period. A device that converts an electrical signal into a motion is known as an actuator. It can generate force in order to control itself, other mechanical devices, or the surrounding environment in order to perform some useful purpose. LEDs and light modulators such as liquid crystal displays and reflecting micromechanical light modulators are the two most popular types of optical actuation. Their use in optical MEMS devices and integrated optics is critical for controlling and analyzing optically obtained data.
By Sensor Type Insights
The inertial sensors segment is dominating the market with the largest revenue share over the forecast period.
On the basis of sensor type, the global MEMS market is segmented into inertial sensors, pressure sensors, gyroscopes, gas sensors, environmental sensors, optical sensors, and others. Among these, the inertial sensors segment is dominating the market with the largest revenue share of 38.6% over the forecast period. The rise in demand can be credited to the greater utilization of inertial sensors like accelerometers, gyroscopes, magnetometers, and inertial combo sensors in end-user and wearable electronics for GPS-based services, gaming, and preinstalled navigator applications providing screen orientation and for undoing actions by shaking the wearable device. Automotive applications include electronic stability control (ESC), traction control system (TCS), and anti-lock braking system (ABS). The rise in the use of smart devices such as smartwatches, smartphones, and fitness & health device is creating strong demand for sensors, which in turn is driving the growth of the segment.
Asia Pacific dominates the market with the largest market share over the forecast period.
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Asia Pacific is dominating the market with more than 32.67% market share over the forecast period. This expansion is due to the huge number of semiconductor manufacturing sectors. Asia Pacific is a significant global market for consumer electronics, autos, and industrial equipment. MEME technology is being driven in the region by the substantial number of automotive hardware and consumer electronics businesses in nations such as Taiwan, South Korea, and China. This region has emerged as a global hotspot for significant investments and corporate expansion. Furthermore, the low price of both labor and raw materials, which leads to lower manufacturing expenses, is boosting market expansion in the region.
North America, on the contrary, is expected to grow the fastest during the forecast period. This is owing to increased MEMS device sales to meet rising demand from the region's aerospace and defense and automotive industries. Furthermore, greater utilization of cutting-edge innovations is expected to be a major element influencing the market potential of the US as well as Canada.
The Europe market is expected to register a substantial CAGR growth rate during the forecast period. During the projected years, Germany, Spain, and France are expected to lead the way in the MEMS market in Europe. These countries' rapidly increasing consumer electronics, automotive, and industrial verticals are projected to drive MEMS demand in this region.
List of Key Market Players
- Analog Devices
- TE Connectivity
- Robert Bosch
- Texas Instruments
- Qorvo Inc.
- TDK Corporation
- Hewlett-Packard Co.
- Lucent Technologies, Inc.
- NXP Semiconductors
- Panasonic Corp.
- Knowles Corp. LLC
- Murata Manufacturing Co., Ltd.
- DENSO CORPORATION
- Honeywell International
- HP Development Company
Key Market Developments
- On January 2023, TDK Corporation has announced the availability of the InvenSense T5838 and T5837 MEMS microphones, as well as the SmartSound One Development Platform. These MEMS microphones push the frontiers of microphone acoustic performance, power efficiency, and advanced feature sets in compact package footprints. The T5837 and T5838 PDM MEMS microphones offer the world's lowest power Pulse Density Modulation (PDM) multi-mode MEMS microphone with high acoustic overload point (AOP) of 133 dB SPL, high signal-to-noise ratio (SNR) of 68 dBA, and wide dynamic range ideal for environments that shift from very quiet to very loud, such as far field voice pickup for smart speaker to ANC TWS applications.
- On January 2023, xMEMS Labs today launched Skyline, the world’s first discrete solid-state MEMS DynamicVent enabling smart TWS earbuds and hearing aids that enable best-of-both-worlds user experiences combining the benefits of closed-fit (occluded) with open-fit, spatially aware earbuds. Skyline represents xMEMS’ 2nd generation DynamicVent technology following last year’s introduction of Montara Pro. Unlike Montara Pro’s vent, which was incorporated on the same device with a MEMS speaker, Skyline is a discrete, stand-alone solution and may be linked with xMEMS’ solid-state microspeakers or traditional coil-based speakers.
This study forecasts revenue at global, regional, and country levels from 2020 to 2032. Spherical Insights has segmented the Global MEMS Market based on the below-mentioned segments:
MEMS Market, Sensor Type Analysis
- Inertial Sensors
- Pressure Sensors
- Gas Sensors
- Environmental Sensors
- Optical Sensors
MEMS Market, Actuator Type Analysis
- Optical MEMS
- Microfluidic & Biochip
- Inkjet Systems
- RF MEMS
MEMS Market, End-Users Analysis
- Consumer Electronics
MEMS Market, Regional Analysis
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- South America
- Rest of South America
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
Frequently Asked Questions (FAQ)
1. What is the market size of the MEMS market?The Global MEMS Market is expected to grow from USD 28.6 billion in 2022 to USD 64.15 billion by 2032, at a CAGR of 8.4% during the forecast period 2022-2032.
2. Which are the key companies in the market?Analog Devices, TE Connectivity, Robert Bosch, Texas Instruments, Qorvo Inc., TDK Corporation, Hewlett-Packard Co., Lucent Technologies, Inc., NXP Semiconductors, Panasonic Corp., Knowles Corp. LLC
3. Which segment dominated the MEMS market share?The consumer electronics segment in end-users type dominated the MEMS market in 2022 and accounted for a revenue share of over 34.8%.
4. Which region is dominating the MEMS market?Asia Pacific is dominating the MEMS market with more than 32.67% market share.
5. Which segment holds the largest market share of the MEMS market?The inertial sensors segment based on sensors type holds the maximum market share of the MEMS market.
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