Adoption of Micro-electromechanical Systems to Surge 2.5X by 2029
Listed among the most promising technologies of the 21st century, micro-electromechanical systems (MEMS) are becoming a rage in various industries, including automotive, consumer electronics, and telecommunication services. As the need to achieve efficiency in terms of energy, cost, and space continues to mount, the worldwide adoption of MEMS technology is expected to soar at a dexterous pace. As per the FMI report, the global micro-electromechanical system market size will reach US$ 28.4 Bn by the end of 2029 from US$ 11.1 Bn in 2019, exhibiting 2.5X growth.
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.
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.
* This data is only a representation. Actual data may vary and will be available in report.
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.
Surging demand for MEMS sensors
MEMS audio devices to see healthy demand growth
High adoption in automotive
Increasing usage in consumer electronics
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.
* This data is only a representation. Actual data may vary and will be available in report.Click Here To Know How The Growth Will Unfold
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Micro-Electromechanical System (MEMS) Market Analysis 2019-2029
A recent market study published by Future Market Insights (FMI) on the micro-electromechanical system (MEMS) market includes a global industry analysis for 2014-2018 and opportunity assessment for 2019-2029, and delivers a comprehensive assessment of the most important market dynamics. After conducting thorough research on the historical as well as current growth parameters, growth prospects of the market are obtained with maximum precision.
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 Sensors
- Humidity Sensors
- Pressure Sensors
- Proximity Sensors
- Temperature Sensors
- MEMS Audio Devices
- MEMS Microphones
- MEMS Speakers
- MEMS Switches
- MEMS Actuators
- MEMS Oscillators
- Consumer Electronics
- Aerospace & Defense
- North America
- Latin America
- Western Europe
- Eastern Europe
- Asia Pacific excluding Japan
- Middle East & Africa
- GCC Countries
The report begins with the executive summary of the micro-electromechanical system market, which includes a summary of key findings and statistics of the market. It also includes the demand and supply-side trends pertaining to the market.
Readers can find the definition and detailed taxonomy of the micro-electromechanical system market in this chapter, which will help them understand the basic information about the market. Along with this, comprehensive information pertaining to MEMS and its properties are provided in this section. This section also highlights the inclusions and exclusions, which help readers understand the scope of the MEMS market report.
The micro-electromechanical system market report provides key market trends that are expected to significantly impact market growth during the forecast period. Detailed end-user trends are also provided in this section.
This section includes several factors that have emerged as key successful factors, and strategies adopted by key market participants.
This section explains the global market value analysis and forecast for the MEMS market during the forecast period of 2019-2029. It includes a detailed analysis of the historical micro-electromechanical system market, along with an opportunity analysis of the future. Readers can also find the absolute $ opportunity for the current year (2019), and an incremental $ opportunity for the forecast period (2019-2029). Along with this, the pricing analysis of the MEMS market at the regional level has also been provided in this section.
This chapter explains the key macroeconomic factors that are expected to influence the growth of the micro-electromechanical system market over the forecast period. Along with macroeconomic factors, this section also highlights the supply chain, forecast factors, and value chain analysis of the MEMS market. Moreover, in-depth information about the market dynamics and their impact analysis on the market have been provided in the successive section.
Based on MEMS-based device, the micro-electromechanical system (MEMS) market is segmented into MEMS Sensors (accelerometers, gyroscopes, humidity sensors, pressure sensors, proximity sensors, and temperature sensors), MEMS audio devices (MEMS microphones, and MEMS speakers), MEMS switches, MEMS actuators, and MEMS oscillators. In this chapter, readers can find information about key trends and developments in the micro-electromechanical system (MEMS) market and market attractiveness analysis based on MEMS-based devices.
Based on application, the micro-electromechanical system market is segmented into consumer electronics, automotive, aerospace & defense, healthcare, telecommunications, and industrial. In this chapter, readers can find information about key trends and developments in the MEMS market and market attractiveness analysis based on application.
This chapter explains how the micro-electromechanical system market is anticipated to grow across various geographic regions such as North America, Latin America, Western Europe, Eastern Europe, APEJ (Asia-Pacific excluding Japan), Japan, and the Middle East & Africa.
This chapter includes a detailed analysis on the growth of the North America micro-electromechanical system market, along with a country-wise assessment that includes the U.S. and Canada. Readers can also find the pricing analysis, regional trends, and market growth based on product MEMS-based devices, applications, and countries in North America.
This chapter provides the growth scenario of the micro-electromechanical system market in Latin American countries such as Brazil, Mexico, and the rest of Latin America. Along with this, assessment of the market across target segments has also been provided.
Important growth prospects of the micro-electromechanical system market in several countries such as Germany, the UK, France, Spain, Italy, BENELUX, and the rest of Western Europe are included in this chapter.
This chapter provides the growth scenario of the MEMS market in Eastern Europe countries such as Russia, Poland, and the rest of Eastern Europe.
This chapter highlights the growth of the micro-electromechanical system market in the APEJ region by focusing on China, India, ASEAN, Australia, New Zealand, and the rest of APEJ. This section also help readers understand key factors that are responsible for the growth of the MEMS market in the APEJ region.
This section also help readers understand key factors that are responsible for the growth of the micro-electromechanical system market in Japan.
This chapter provides information about how the micro-electromechanical system market is anticipated to grow in major countries in the MEA region, such as GCC countries, South Africa, North Africa, Turkey, and the rest of MEA, during the forecast period of 2019-2029.
This chapter provides the growth scenario of the MEMS market in GCC countries such as Kingdom of Saudi Arabia, United Arab Emirates, Qatar, Oman, Kuwait, and Bahrain.
In this chapter, readers can find detailed information about the tier analysis and market concentration of key players in the micro-electromechanical system market, along with their market presence analysis by region and product portfolio.
In this chapter, readers can find a comprehensive list of all the prominent stakeholders in the micro-electromechanical system market, along with the detailed information about each company. This includes the company overview, revenue shares, strategic overview, and recent company developments. Some of the market players featured in the report are STMicroelectronics, Analog Devices, Inc., Texas Instruments, Robert Bosch GmbH, NXP Semiconductors, Hewlett Packard, Canon Inc., Panasonic Corporation, Honeywell International Inc., Sony Semiconductor Solutions Corporation, Infineon Technologies AG, TE Connectivity, Omron Corporation, Seiko Epson Corporation, and Sensata Technologies.
This chapter includes a list of acronyms and assumptions that provides a base to the information and statistics included in the micro-electromechanical system market report.
This chapter help readers understand the research methodology followed to obtain various conclusions as well as important qualitative and quantitative information about the micro-electromechanical system market.
How the research was conducted?
- C - Level Executives
- Marketing Directors
- Sales Heads
- Sales Executives
- Technical Advisors
- Micro-Electromechanical System (MEMS) Providers
- End-user Experts
- End Users
- Current Market Dynamics and Challenges
- Market Characteristics
- Market Performance and Growth Quadrants
- Competition Structure and Market Structure
- Strategic Growth Initiatives
- Near Term and Long Term Market Growth Prospects
- Market Segment Splits and Authenticity
- Opinions on Market Projections and Validity of Assumptions
- Company White Papers
- Annual Reports and Investor Presentations
- Research Papers
- Company Press Release
- Government Websites and Publications
Primary Interview Splits