MEMS Sensors Report Around 40% Share
Among various MEMS-based devices, MEMS sensors will continue to carve out a significant slice of the total market revenue over the next decade. Witnessing double-digit demand growth in applications - autonomous vehicles, medical devices, and home automation devices, manufacturers will reap over US$ 10 Bn in 2027 from this product category.
MEMS sensors such as accelerometers and gyroscopes are preferable devices, while MEMS pressure sensors are seeing rapid adoption. Meanwhile, manufacturers are also capitalizing on MEMS switches and actuators for expanded footprint.
Opportunities Prevail in North America, Western Europe, and APEJ
In the present scenario, North America, Western Europe, and APEJ hold the most share in the micro-electromechanical system market. These regions contribute to over 60% of the overall revenue in the global MEMS market. Among them, North America continues to represent the most lucrative growth prospects for MEMS market players.
Also, the micro-electromechanical system markets in Western Europe and Asia Pacific (except Japan) are booming at a robust CAGR. Particularly in APEJ, market growth is supported by strong presence of automotive and consumer electronics industries in China, South Korea, and India.
Bio-MEMS in Healthcare - Potential Application Area
Bio-MEMS are proving to be beneficial in applications such as drug discovery, DNA sequencing, water, and environmental monitoring. The technology is based on microfluidic systems as well as chemical testing and processing. Bio-MEMS-based surgical tools offer accuracy and flexibility to medical professionals during surgical procedures.
Moreover, bio-MEMS are finding application in home care services, wherein, patients can use micro-electromechanical systems to keep a check on their health status, including blood and urine analysis. Adoption of MEMS sensor technologies for human-centric purposes in the healthcare sector, is, thus, emerging as a potential application area for players in the micro-electromechanical system market space.
How Growth will Unfold
The automotive industry will remain the key contributor to the worldwide revenue of the micro-electromechanical system market throughout the projection period. Capturing nearly one-third of total demand, MEMS worth over US$ 4 Bn will be used for automotive applications in 2022.
Considering a notable rise in the demand for MEMS-based microphones, sensors, and oscillators in smart devices such as wearable electronics, smartphones, and laptops, the adoption of micro-electromechanical systems in consumer electronics is expected to surge at a 12.4% CAGR over the forecast period.
FREQUENTLY ASKED QUESTIONS ABOUT MICRO-ELECTROMECHANICAL SYSTEM (MEMS) MARKET
What are the future developments expected in the micro-electromechanical system market?
The development of new micro-electromechanical system devices such as ultrasonic fingerprint sensors, micro speakers, and piezoelectric (gesture recognition) MEMS technology are expected to drive the micro-electromechanical system market.
What are the major challenges for the micro-electromechanical system market?
The quest for miniaturization of devices in the semiconductor packaging industry, which allows smaller, cost-effective, and efficient devices, is a major challenge for the growth of the MEMS market.
What are the major trends impacting the micro-electromechanical system market?
Growing adoption of micro-electromechanical system-based devices such as sensors, microphones, switches, and oscillators across various application areas such as consumer electronics, automotive, medical devices, and other industrial applications would drive the growth of the MEMS market.
What are the technologies are provided by micro-electromechanical systems?
MEMS technologies are IC fabrication, nano-electro-mechanical-systems (NEMS), and bulk micromachining, and surface machining systems.
Which application will have significant revenue growth in the next five years?
The increasing popularity of connected lifestyle is building a huge impact on the consumer electronics segment. This is projected to offer significant growth opportunities for MEMS market players during the forecast period.
Which region is expected to be at the forefront of the global micro-electromechanical system market?
Asia Pacific is expected to dominate the global MEMS market. The region is expected to offer lucrative opportunities for leading market players, owing to the rising demand for efficient technology along with growing automobile and consumer electronics segments.
Which are the major companies leading the MEMS Market?
Prominent companies in the micro-electromechanical system market include Sensata Technologies, Robert Bosch GmbH, Analog Devices, Infineon Technologies, Murata, Panasonic Corporation, and ROHM semiconductor, Infineon Technologies AG, TE Connectivity, Honeywell International Inc., and Omron Corporation, among others.
MICRO-ELECTROMECHANICAL SYSTEM (MEMS) MARKET TAXONOMY
The global micro-electromechanical system market is segmented in detail to cover every aspect of the market and present a complete market intelligence approach to readers.
MEMS-based Device
- MEMS Sensors
- Accelerometers
- Gyroscopes
- Humidity Sensors
- Pressure Sensors
- Proximity Sensors
- Temperature Sensors
- MEMS Audio Devices
- MEMS Microphones
- MEMS Speakers
- MEMS Switches
- MEMS Actuators
- MEMS Oscillators
Application
- Consumer Electronics
- Automotive
- Aerospace & Defense
- Healthcare
- Telecommunications
- Industrial
Region
- North America
- Latin America
- Western Europe
- Eastern Europe
- Asia Pacific excluding Japan
- Japan
- Middle East & Africa
- GCC Countries
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by - Sudip Saha, Managing Director and Co-Founder of Future Market Insights
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