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Micro-Electromechanical Systems (MEMS) - Global Market Trajectory & Analytics

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    Report

  • 409 Pages
  • July 2022
  • Region: Global
  • Global Industry Analysts, Inc
  • ID: 338462

FEATURED COMPANIES

  • Analog Devices, Inc.
  • GoerTek Inc.
  • Knowles Electronics, LLC
  • Omron Corporation
  • Robert Bosch GmbH
  • STMicroelectronics N.V.

Global Micro-Electromechanical Systems (MEMS) Market to Reach US$16.9 Billion by the Year 2026


Microelectromechanical systems (MEMS) comprise extremely small electrical components and moving mechanical parts. The MEMS technology is used to produce sensors such as gyroscopes, microphones, accelerometers, digital compasses, pressure sensors, inertial modules, and humidity sensors. MEMS is the primary enabling technology for developments in healthcare, transportation, and telecommunication sectors. Advantages such as less mass, small size, low cost, and low power consumption contribute to increased adoption of MEMS devices in telecommunication and consumer electronics industries. MEMS technology is being increasingly preferred in the automotive industry as well for vehicle security systems including the airbag systems. The increasing incorporation of MEMS sensors in several consumer electronic devices is another major factor driving growth in the global market. Factors such as increasing demand for smart devices and the growing adoption of IoT in semiconductors are driving growth. There is significant potential for growth in the MEMS devices market from the healthcare sector. MEMS technology is useful in diagnostic applications, medical tools such as insulin micropumps and endoscopic pills, and medical research. The segment is expected to get a boost, primarily gaining from government initiatives, technological advancements, and rising healthcare expenditure.

Amid the COVID-19 crisis, the global market for Micro-Electromechanical Systems (MEMS) estimated at US$12.8 Billion in the year 2022, is projected to reach a revised size of US$16.9 Billion by 2026, growing at a CAGR of 6.7% over the analysis period. Consumer Electronics, one of the segments analyzed in the report, is projected to grow at a 7.3% CAGR to reach US$10.3 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Automotive segment is readjusted to a revised 5.9% CAGR for the next 7-year period. This segment currently accounts for a 15.1% share of the global Micro-Electromechanical Systems (MEMS) market. Consumer electronics segment accounts for the most share due to the growing use of MEMS technology in smartphones, tablets, laptops, wearable devices, digital cameras, gaming consoles, media players, and portable navigation devices during the past few years. Rise in demand for vehicle automation, growing trend towards driverless cars, increase in the number of electric cars, and intense competition within the automotive industry are some of the major factors expected to drive demand for sensors in the automotive industry.

The U.S. Market is Estimated at $2.2 Billion in 2022, While China is Forecast to Reach $3.9 Billion by 2026


The Micro-Electromechanical Systems (MEMS) market in the U.S. is estimated at US$2.2 Billion in the year 2022. The country currently accounts for a 17.28% share in the global market. China, the world's second largest economy, is forecast to reach an estimated market size of US$3.9 Billion in the year 2026 trailing a CAGR of 8% through the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 5.2% and 5.7% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 6% CAGR while Rest of European market (as defined in the study) will reach US$320.5 Million by the end of the analysis period. Asia-Pacific is the largest MEMS market. In Asia Pacific, countries such as Japan, China, Taiwan, and South Korea account for major contribution to product manufacturing and process control. These countries are home to some prominent market vendors as well as contract fabrications companies such as TSMC.

Industrial Segment to Reach $2.3 Billion by 2026


MEMS technology allows combining electronics with the mechanical elements in devices such as valves, actuators, and the sensors embedded in semiconductor chips. This ability drives increased adoption of MEMS in almost every industrial sector. Pressure sensors and inertial sensors such as gyroscopes and accelerometers are driving applications for MEMS technology in the industrial automation area. In the global Industrial segment, USA, Canada, Japan, China and Europe will drive the 5.92% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$994.7 Million will reach a projected size of US$1.5 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$607.2 Million by the year 2026, while Latin America will expand at a 6.8% CAGR through the analysis period.

Select Competitors (Total 113 Featured):

  • Analog Devices, Inc.
  • First Sensor AG
  • GoerTek Inc.
  • HP Development Company, L.P.
  • Infineon Technologies AG
  • Knowles Electronics, LLC
  • Murata Manufacturing Co., Ltd.
  • NXP Semiconductors N.V.
  • Omron Corporation
  • Panasonic Corporation
  • Robert Bosch GmbH
  • ROHM Co., Ltd.
  • STMicroelectronics N.V.
  • TDK Corporation
  • Texas Instruments Incorporated

What`s New for 2022?

  • Global competitiveness and key competitor percentage market shares
  • Market presence across multiple geographies - Strong/Active/Niche/Trivial
  • Online interactive peer-to-peer collaborative bespoke updates
  • Access to the digital archives
  • Complimentary updates for one year

FEATURED COMPANIES

  • Analog Devices, Inc.
  • GoerTek Inc.
  • Knowles Electronics, LLC
  • Omron Corporation
  • Robert Bosch GmbH
  • STMicroelectronics N.V.

I. METHODOLOGYII. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
  • Micro-Electromechanical Systems (MEMS) - Global Key Competitors Percentage Market Share in 2022 (E)
  • Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
  • Impact of COVID-19 Pandemic and Looming Global Recession
  • 2020: A Year of Disruption & Transformation
  • As the Race between the Virus & Vaccines Intensifies, Where is the World Economy Headed in 2021?
  • World Economic Growth Projections (Real GDP, Annual % Change) for 2020 through 2022
  • Industrial Activity Remains Subdued, Inducing Weakness into MEMS Market
  • Global PMI Index Points for the Years 2018, 2019 & 2020
  • COVID-19 Impact on the MEMS Market
  • Pandemic Highlights Importance of MEMS Biosensors
  • Use of MEMS in Coronavirus Testing
  • An Introduction to Micro-Electromechanical Systems (MEMS) Devices
  • Types of MEMS Devices
  • MEMS Manufacturing
  • Advantages & Drawbacks of MEMS Devices
  • Global Market Prospects & Outlook
  • Consumer Electronics Leads the Global MEMS Devices Market
  • Asia-Pacific Spearheads Long-term Market Growth
  • Competition
  • Recent Market Activity
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
  • Growing Need for Device Miniaturization in Varied Electronics Devices Fuels Market Growth
  • Increasing Spending on Industrial Automation Initiatives to Boost Market Prospects
  • Major Industry 4.0 Technologies: Global Market Size (US$ Billion) for Internet of Things (IoT), Big Data, Smart Factory, Advanced Analytics, Service Robotics, and Smart Machines for 2020
  • Expanding Role of Electronics in Automotive Vehicles Accelerate Growth Momentum
  • Automotive Electronics as a Percentage (%) of Vehicle Production Cost for the Years 2010, 2020 & 2030
  • Average Value of In-Vehicle Electronics Per Vehicle (In US$) for the Years 2018, 2025 & 2030
  • World Automobile Production in Million Units: 2008-2022
  • Sustained Growth of Automotive Sensors: Opportunity for MEMS Market
  • As Autonomous Vehicles Come to the Fore, MEMS Market Poised to Benefit
  • Global Autonomous Vehicle Sales (In Million) for Years 2020, 2025 & 2030
  • Autonomous Vehicles Commercialization & Technology Penetration Timeline
  • Rising Use of MEMS Devices in Consumer Electronics
  • Global Opportunity for Consumer Electronics (In US$ Million) for Years 2020, 2022, 2024, 2026 and 2028
  • Rising Smartphone Adoption Drives Gains in the MEMS Market
  • Global Market for Smartphones in Billions: 2016-2021
  • Smartphone Penetration Rate as Share of Total Population: 2016-2021
  • Increase in Consumer Spending on Smart Home Technologies Presents Growth Potential for MEMS Devices
  • Global Smart Homes Market (In US$ Billion) for the Years 2019, 2021, 2023 & 2025
  • Global Smart Home Market Breakdown by Technology (in %) for 2018 and 2022
  • Wearable Devices to Extend High-Growth Opportunities for MEMS Devices Market
  • Global Wearable Electronics Market Breakdown of Unit Sales (in %) by Region (2018 & 2022)
  • Global Wearables Shipments Breakdown (in %) by Product for 2020 & 2024
  • Opportunities for MEMS Technology Emerge in Healthcare & Biomedical Sector
  • Rising Prominence of Ultraminiature MEMS Sensors in Medical Industry
  • MEMS Enables Medical Innovations
  • Future Developments to Transform the MEMS Marketplace
  • Emerging MEMS Technologies and Applications to Transform the Future Outlook
  • Optical MEMS Technology Gains Momentum
  • High Growth Potential for MEMS Combo Sensors
  • Bio-MEMS: A High Potential Market
  • Role of BioMEMS Amidst the COVID-19 Pandemic
  • MEMS Biosensors and COVID-19 Pandemic
  • Advances in MEMS Technology to Propel Maritime Sector
  • Harnessing the Power of MEMS and Nanotechnology
  • Addressing the Production Issues in MEMS Industry
4. GLOBAL MARKET PERSPECTIVEIII. MARKET ANALYSIS
UNITED STATES
  • Micro-Electromechanical Systems (MEMS) Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United States for 2022 (E)
CANADA
JAPAN
  • Micro-Electromechanical Systems (MEMS) Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Japan for 2022 (E)
CHINA
  • Micro-Electromechanical Systems (MEMS) Market Presence - Strong/Active/Niche/Trivial - Key Competitors in China for 2022 (E)
EUROPE
  • Micro-Electromechanical Systems (MEMS) Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Europe for 2022 (E)
FRANCE
  • Micro-Electromechanical Systems (MEMS) Market Presence - Strong/Active/Niche/Trivial - Key Competitors in France for 2022 (E)
GERMANY
  • Micro-Electromechanical Systems (MEMS) Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Germany for 2022 (E)
ITALY
UNITED KINGDOM
  • Micro-Electromechanical Systems (MEMS) Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United Kingdom for 2022 (E)
SPAINRUSSIAREST OF EUROPE
ASIA-PACIFIC
  • Micro-Electromechanical Systems (MEMS) Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Asia-Pacific for 2022 (E)
AUSTRALIA
  • Micro-Electromechanical Systems (MEMS) Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Australia for 2022 (E)
INDIA
  • Micro-Electromechanical Systems (MEMS) Market Presence - Strong/Active/Niche/Trivial - Key Competitors in India for 2022 (E)
SOUTH KOREAREST OF ASIA-PACIFIC
LATIN AMERICA
  • Micro-Electromechanical Systems (MEMS) Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Latin America for 2022 (E)
ARGENTINABRAZILMEXICOREST OF LATIN AMERICA
MIDDLE EAST
  • Micro-Electromechanical Systems (MEMS) Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Middle East for 2022 (E)
AFRICA
  • Micro-Electromechanical Systems (MEMS) Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Africa for 2022 (E)
IV. COMPETITION
  • Total Companies Profiled: 113

A selection of companies mentioned in this report includes:

  • Analog Devices, Inc.
  • First Sensor AG
  • GoerTek Inc.
  • HP Development Company, L.P.
  • Infineon Technologies AG
  • Knowles Electronics, LLC
  • Murata Manufacturing Co., Ltd.
  • NXP Semiconductors N.V.
  • Omron Corporation
  • Panasonic Corporation
  • Robert Bosch GmbH
  • ROHM Co., Ltd.
  • STMicroelectronics N.V.
  • TDK Corporation
  • Texas Instruments Incorporated