The market for micro-electromechanical systems (MEMS) is expected to reach US$ 14.4 billion in 2022 and grow at a remarkable CAGR of 10.2%. (2022-2029). By 2029, it is expected that shipments of micro-electromechanical systems will total US$28.4 billion. 20% of the global semiconductor market is accounted for by sales of microelectromechanical systems. The growing emphasis on miniaturising consumer electronics and other devices is anticipated to have a significant impact on MEMS use.
Microelectromechanical Systems Demand Survey (2014–2021) Compared to Expected Statistics (2022 to 2029)
Recent years have seen a marked acceleration in technological development, which has had a considerable impact on demand for several semiconductor components. From 2014 to 2021, shipments of MEMS increased at a CAGR of 7.5%.
Surge in demand and shortage of supply has encouraged micro-electromechanical system manufacturers to invest in expanding their production capabilities to fulfil the demand-supply gap.
- For instance, in February 2022, Robert Bosch GmbH announced an investment of US$ 296 Mn to boost the production of semiconductors and combat the global shortage. Increasing demand for micro-electromechanical systems from automotive and consumer electronics verticals is what Robert Bosch is targeting through this increase in investment.
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What is the most lucrative regional market for suppliers of micro-electromechanical systems?
Increasing Demand for Micro-Electromechanical Devices in South Asia In this research report, FMI examines the MEMS market’s demand in regions including North America, Latin America, Europe, East Asia, South Asia & Pacific, and the Middle East & Africa (MEA).
Over the projected period, it is expected that the North American MEMS market would account for a sizeable portion of the worldwide MEMS market. Micro-electromechanical device sales in this region are predicted to be heavily influenced by demand from the aerospace and defence and automotive industries.
Competitive Landscape
MEMS companies are investing in the research and development of innovative offerings for multiple verticals like automotive and aerospace.
- In January 2022, Silicon Designs Inc. announced the launch of new MEMS accelerometers for space applications. The Model 1527 series is a line-up of new micro-electromechanical inertial accelerometers that are radiation-tested and are tactical-grade for use in multiple space applications such as satellites and spacecraft.
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Key Segments of Micro-electromechanical System (MEMS) Industry Survey
Micro-electromechanical System (MEMS) Market by MEMS-based Devices:
- 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
Micro-electromechanical System (MEMS) Market by Application:
- Micro-electromechanical Systems for Consumer Electronics
- MEMS for Automotive
- MEMS for Aerospace & Defence
- Micro-electromechanical Systems for Healthcare
- Micro-electromechanical Systems for Telecommunications
- MEMS for Industrial
Micro-electromechanical System (MEMS) Market by Region:
- North America Micro-electromechanical System (MEMS) Market
- Latin America Micro-electromechanical System (MEMS) Market
- Europe Micro-electromechanical System (MEMS) Market
- East Asia Micro-electromechanical System (MEMS) Market
- South Asia & Pacific Micro-electromechanical System (MEMS) Market
- Middle East & Africa (MEA) Micro-electromechanical System (MEMS) Market
Table of Content
1. Executive Summary
1.1. Market Overview
1.2. Market Analysis
1.3. Demand Side Trends
1.4. Supply Side Trends
1.5. Analysis & Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Key Success Factors
3.1. Product Adoption / Usage Analysis
3.2. Product USPs / Features
3.3. Strategic Promotional Strategies
4. Market Structure Analysis
4.1. Market Analysis by Tier of Companies
4.2. Market Concentration
4.3. Market Share Analysis of Top Players
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