Microelectromechanical Systems (MEMS) Technology: Current and Future Markets

Report Code: SMC051E

Publish Date: Oct 2023

Publisher: BCC Publishing

Category: Semiconductors

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Report Highlights

The global microelectromechanical systems (MEMS) technology market should reach $41.5 billion by 2028 from $28.5 billion in 2023 at a compound annual growth rate (CAGR) of 7.8% for the forecast period of 2023 to 2028.

Report Includes

  • 37 data tables and 28 additional tables
  • An overview of the current and future global market for microelectromechanical systems (MEMS) technology
  • An estimate of the market size and analyses of market trends, with data from 2022, estimates for 2023 and projection of CAGRs through 2028
  • A discussion of the market potential for MEMS technology based on device type, application and region
  • An analysis of the market dynamics, including growth drivers, inhibitors and opportunities, and insights into the regulatory environments impacting the market
  • Examinations of ESG developments; a patent activity; mergers and acquisitions (M&A) and venture fundings; and emerging MEMS technologies
  • Profile descriptions of the leading market players in the market of the industry, including Amphenol Corp., GoerTek Inc., Knowles Corp., NXP Semiconductors N.V. and Sensata Technologies Inc.

Report Scope

In this report, the MEMS market was segmented by device type, application and region. The report provides an overview of the global MEMS market and analyzes market trends. Using 2022 as the base year, the report provides estimated market data for the forecast period, 2023 through 2028.

Revenue forecasts for this period are segmented into:

  • Device Type: sensors and actuators.
  • Application: automotive, consumer electronics, defense/aerospace, industrial, life science, telecom/communications and others.
  • Region: North America is segmented into the U.S., Canada and Mexico; Europe is segmented into the UK, France, Germany and Rest of Europe; Asia-Pacific (APAC) is segmented into China, Japan, India and Rest of Asia-Pacific; Rest of the World is segmented into Middle East, Africa and Latin America.

This report was prepared in a simple, easy-to-understand format, with a number of tables and charts/figures. The scope of the report includes a detailed study of global and regional markets for MEMS, with reasons given for variations in the growth of the industry in certain regions. The report examines each component of MEMS technology, determines current market size and estimates its future market. The report also analyzes the market from the manufacturers’ viewpoint, as well as that of the final consumer. A number of technical issues arising from MEMS technologies are discussed and solutions are indicated.

Report Synopsis

Report Metrics Details
Base year considered 2022
Forecast period considered 2023-2028
Base year market size $26.8 billion
Market size forecast $41.5 billion
Growth rate CAGR of 7.8% for the forecast period of 2023-2028
Units considered $ Millions
Segments covered device type, materials, application, and region
Regions covered North America, Asia-Pacific, Europe, and Rest of the World (ROW)
Countries covered U.S., Canada, Mexico, Germany, France, U.K., Rest of Europe, China, Japan, India, Rest of Asia-Pacific, Latin America, and Middle East and Africa
Key Market Drivers
  • High adoption rate of MEMS in consumer electronics devices
  • Rising popularity of internet of things (IoT) in manufacturing industry
Companies studied
AMPHENOL CORP.ADOLF WURTH GMBH & CO.
ANALOG DEVICES INC.BROADCOM
GOERTEK INC.HONEYWELL INTERNATIONAL INC.
INFINEON TECHNOLOGIES AGKNOWLES ELECTRONICS LLC
MEMSIC SEMICONDUCTOR (WUXI) CO. LTD.MURATA MANUFACTURING CO. LTD.
NXP SEMICONDUCTORSQORVO INC.
ROBERT BOSCH GMBHSAFRAN S.A.
SENSATA TECHNOLOGIES INC.SILICON SENSING SYSTEMS LTD.
SITIME CORP.STMICROELECTRONICS
TDK CORP.TE CONNECTIVITY
TEXAS INSTRUMENTS INC.
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Frequently Asked Questions (FAQs)

Global market for MEMS was valued at $26.8 billion in 2022 and will reach $41.5 billion by 2028, at a compound annual growth rate (CAGR) of 7.8% during the forecast period 2023-2028.
The key factors driving the growth of the MEMS market include high adoption rate of MEMS in consumer electronics devices and rising popularity of internet of things (IoT) in manufacturing industry.
Global MEMS market is segmented based on device type, materials, application, and region.
By the end of 2028, the consumer electronics segment will continue to dominate the global MEMS market.
Asia-Pacific holds the highest market share in the global MEMS market.
key companies/players in the MEMS market include:
  • Robert Bosch
  • Broadcom
  • Analog Devices
  • STMicroelectronics

Analyst Credentials

BCC Research Team possesses expertise and experience in life and physical science domains. They specialize in offering valuable business insights, including industry analysis, competitor intelligence, strategic and financial analysis, and opportunity assessment. The team has in-depth knowledge of various sectors, including healthcare, biotechnology, pharmaceuticals, IT, automation, advanced materials, and energy. They are proficient in qualitative and quantitative market intelligence providing clients with actionable insights. With a vast understanding of the competitive landscape, the team can support clients in making data-driven decisions to help them achieve a competitive edge in their respective markets.

Let us assist you! Our analysts are ready to tailor this report to your specific need. REACH OUT TO US TODAY

Table of Contents

All reports provided in PDF format. For shared licensing options (5+ Users), please call a representative at (+1) 781-489-7301 or contact us at info@bccresearch.com
Title/Chapter NamePagesMember Price
Full Report: Microelectromechanical Systems (MEMS) Technology: Current and Future Markets186Free
Chapter- 1: Introduction7Free
Chapter- 2: Summary and Highlights3Free
Chapter- 3: Market Overview9Free
Chapter- 4: Market Dynamics5Free
Chapter- 5: Market Breakdown by Material3Free
Chapter- 6: Market Breakdown by Device Type15Free
Chapter- 7: Market Breakdown by Application9Free
Chapter- 8: Market Breakdown by Region20Free
Chapter- 9: Environmental, Social and Governance (ESG) Developments5Free
Chapter- 10: Emerging Technologies and Developments3Free
Chapter- 11: Patent Review and New Developments7Free
Chapter- 12: M&A and Venture Funding Outlook7Free
Chapter- 13: Competitive Landscape6Free
Chapter- 14: Company Profiles85Free
Chapter- 15: Appendix: Acronyms2Free
Published - Oct-2015| Analyst - Andrew McWilliams| Code - SMC051D

Report Highlights

The global market for MEMS devices and production equipment was worth $11.7 billion in 2014. This market is expected to reach $12.8 billion in 2015 and $21.9 billion by 2020, a compound annual growth rate (CAGR) of 11.5% between 2015 and 2020.

Report Includes

  • An overview of the global markets for microelectromechanical systems (MEMS) technologies.
  • Analyses of global market trends, with data from 2014, 2015, and projections of compound annual growth rates (CAGRs) through 2020.
  • Evaluations of the challenges that must be overcome for each segment to realize its potential in order to estimate the probability of successful commercialization.
  • Milestones in the development of MEMS.
  • Current and potential MEMS applications.
  • MEMS applications and end users with the greatest commercial potential through 2020.
  • Factors that will influence the long-term development of MEMS.
  • MEMS market shares and industry structure.
  • Profiles of major players in the industry.
Published - Jan-2010| Analyst - Andrew McWilliams| Code - SMC051C

Report Highlights

  • The global market for MEMS devices and production equipment was worth $7.2 billion in 2008, and $7.6 billion in 2009. This market will reach $13.2 billion in 2014, a compound annual growth rate (CAGR) of 11.8% between 2009 and 2014.
  • Microfluidic MEMS were the largest segment of the MEMS market in 2008 but are expected to lose market share. This sector was valued at $3.5 billion in 2009 and is expected to increase at a compound annual growth rate (CAGR) of 4% to reach $4.3 billion in 2014.
  • Accelerometers, which have a projected compound annual growth rate (CAGR) of 29.9% through 2014, are expected to be the second-largest MEMS market segment (after microfluidics MEMS), with more than 20% of the market. This sector was valued at $720 million in 2009 and is expected to be worth $2.7 billion by 2014. 
Published - Feb-2006| Analyst - Andrew McWilliams| Code - SMC051B

Report Highlights

  • Microfluidic MEMS were the largest segment of the MEMS market in 2004, with a market share of over 44%. MEMS inkjet heads totalled $1.8 billion or almost 40% of the global MEMS market in 2004.
  • Optical MEMS accounted for nearly 20% of the market in 2004 and MEMS pressure sensors over 18%.
  • Accelerometers, which have a projected AAGR of 45% between 2005 and 2010, are expected to be the second largest MEMS market segment by 2010, with over 22% of the market. Gyroscopic MEMS and particularly RF MEMS are also projected to gain significant market share between 2004 and 2010.
Published - Dec-2002| Analyst - Ralph Hensler| Code - SMC051A

Report Highlights

  • By 2007, market revenues will approach $26.4 billion, at an average annual growth rate (AAGR) of 19.1%.
  • Transportation and consumer products currently are two of the largest market sectors, representing respectively, some 31% and 36% of current revenues.
  • By 2005, lab-on-a-chip products and services should finally enter the market place in large quantities.
  • MEMS sales in both fiber-optics equipment and wireless systems, including next generation cell phones, will be the major market drivers in the telecom industry.
  • However, there still are impediments to growth in almost every sector.

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Microelectromechanical Systems (MEMS) Technology: Current and Future Markets
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